Tag: chip industry

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

‘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

date5 days 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

date14 days 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

date4 months ago
Samsung travels to the Netherlands for negotiations with ASML

Samsung travels to the Netherlands for negotiations with ASML

Samsung's vice chairman travelled to the Netherlands to discuss its future with ASML. Samsung wants to produce groundbreaking microchips. The tech giant depends on a steady supply of ASML's equipment. Samsung is one of the world's largest chip manufacturers. Customers place orders, after which ... Read more

date6 months ago
NXP seeks tax breaks for expansion in the United States

NXP seeks tax breaks for expansion in the United States

Dutch chip manufacturer NXP is negotiating tax breaks with Texan authorities in exchange for expanding its production capacity in Austin. According to Dutch media, the chip manufacturer wants to further expand its existing factories in Austin, the capital of Texas, US. NXP wants to invest roughl... Read more

date7 months ago
NXP turnover increases substantially

NXP turnover increases substantially

NXP saw its turnover increase substantially in the first quarter of this year. In particular, automotive chipset sales grew strongly. In the first quarter of 2022, the chip manufacturer realised a total turnover of 3.14 billion dollars (2.99 billion euros) -- no less than a 22 percent increase ... Read more

date7 months ago