Microsoft deal and ASML tech complete Intel resurgence
Intel confirmed a deal worth over 15 billion dollar with Microsoft this week and is the first to receive ASML's latest equipment. Through its relaunched Foundry service, Intel will produce third-party chips, while a new roadmap also maps out Intel's resurgence in terms of its own offerings. It appe... Read more
Korean chip industry challenges global competition with 430B investment
Europe, North America and East Asia are all competing for market share in global chip production. South Korea is the most ambitious among all players, it appears. Over the next two decades, it will invest the equivalent of 430 billion euros.
The South Korean government's goal is to provide 10 pe... Read more
Automotive and industrial sectors show chip industry’s fractured status
Interest in AI masks the current rickety nature of the chip industry. While AI-related companies ventures are showing some impressive quarterly figures, revenue from the automotive and industrial sector are lagging behind.
The chip sector has many sides and is currently moving in many directions... Read more
Softbank aiming for the moon with Arm IPO in tumultuous market
Japan's Softbank acquired Arm in 2016 for $32 billion (€28.9 billion at the time). After being forced to call off a sale to Nvidia, it now opts to list the British chip designer on the Nasdaq. With the IPO set to take place Wednesday, it seems Softbank's adjusted expectations are also still too h... Read more
China strengthens domestic chip industry with 37 billion euros
China plans to raise money for its national chip industry through state investment. The intended investment amount should be around 37 billion euros, Reuters writes based on sources.
The so-called tech Big Fund, under the control of state investment vehicle China Integrated Circuit Industry Inve... Read more
Member states reach agreement on €43 billion Chips Act
An insider source told Bloomberg that the member states of the European Union have reached an agreement on the Chips Act.
The Chips Act was proposed by the European Commission in February 2022. Brussels wants 20 percent of all chips worldwide to be produced in the European Union by 2030. The Ch... Read more
Chipmaker GlobalFoundries warns employees of layoffs
The management of chipmaker GlobalFoundries warned employees of upcoming layoffs. Inflation and energy prices are on the rise. Demand for chips declines as a result. GlobalFoundries is preparing for an uncertain period by cutting staff.
The plan was announced in an email to employees on Friday ... Read more
ASML launches share buyback program, price rises by nearly 10 percent
ASML will repurchase €12 billion of its own shares between now and 2025. The share price rose 9.7 percent after the announcement.
The Dutch giant shared the news ahead of an investor meeting. In addition to the buyback program, ASML predicted revenue of €30 billion to €40 billion by 2025.... Read more
US announces new restrictions on chip tech exports to Chinese clients
The United States announced new regulations limiting the export of semiconductors and chip fabrication equipment to China. Website Protocol reports that some of the restrictions will go into action right away while others will be released in the following weeks.
The first set of measures is aime... Read more
Samsung wants to invest €197 billion in Texan chip factories
Samsung considers constructing new chip factories in Texas. The South Korean giant wants to invest approximately €197 billion ($200 billion).
Samsung's plan isn't final yet, writes Bloomberg. The South Korean giant is working on a preliminary proposal. A total of 11 chip factories would be bui... Read more