Tag: chip industry

Here you will find all the articles with the tag: chip industry.

Microsoft deal and ASML tech complete Intel resurgence

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

date1 month ago
Softbank aiming for the moon with Arm IPO in tumultuous market

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

date7 months ago
China strengthens domestic chip industry with 37 billion euros

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

date7 months ago
Member states reach agreement on €43 billion Chips Act

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

date1 year ago
Chipmaker GlobalFoundries warns employees of layoffs

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

date1 year ago
Samsung wants to invest €197 billion in Texan chip factories

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

date2 years ago
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