EC authorizes STMicroelectronic and GlobalFoundries chip factory
Chipmakers STMicroelectronics and GlobalFoundries received EU authorization on Friday to develop a new chip facility in France with French public aid. The action will improve Europe's supply security, resilience, and output of semiconductor technology in the region.
The European Commission annou... Read more
Intel says it’s on track to reclaim chip production leadership
Intel claims that it's regaining its leadership position in the production of computer chips.
The chipmaker said it plans to leverage expertise in advanced process technology to reclaim the top market spot. Intel's CEO Pat Gelsinger said the company will expand production capacity and increase i... Read more
Intel states that the economy is bad right now, but they need more fabs
Intel says it will alter its spending for plants based on ‘market needs’
Despite a weakening global economy, Intel has stated it will keep constructing new chip production facilities because it is crucial to expand supply chains and increase capacity when it anticipates a recovery in semicon... Read more
‘Intel’s German chip plant will need twice the city’s energy to operate’
According to officials cited by POLITICO, the planned Intel chip manufacturing plant in Magdeburg, Germany needs at least double the city’s power consumption after its operations kick off in 2027.
“The power consumption when Intel starts operating is greater than the current total power con... Read more
Shortages of low-cost chips hold up €600 billion industry
TSMC's top executive said that a prevalent shortage of budget chips is the reason behind slowed production in the $600 billion semiconductor industry.
TSMC CEO Wei recently revealed that there is a constant deficit of low-end economical chips priced anywhere from $0.50 to $10. According to Wei, ... Read more
South Korean chip stockpile rises and threatens export
The semiconductor stockpiles in South Korea grew at the quickest pace since April 2016, threatening the export that produces the country's economic growth.
Recent reports show that the semiconductor stockpiles of South Korea have seen rapid growth for more than six years. As a result, bad signs ... Read more
Seagate share price plummets due to COVID lockdowns and shortages
Seagate's share price plummeted. The company struggles with chip shortages for SSDs, NAS devices and racks. According to its most recent quarterly report, production will decline in the coming months.
The same report forecasts revenue of $2.35 billion in the current quarter, a 24 percent decline... Read more
Chip shortage eases for Hyundai, Nokia and ABB
Hyundai, Nokia and ABB expect chip shortages to ease in the coming months. After a three-year struggle, the market shows signs of recovery.
There's no simple explanation for the shortage that plagued the past three years, but COVID-19 played a part. Lockdowns increased Internet traffic and clou... Read more
TSMC’s supplier warns of chip material price hikes
According to Showa Denko, raw materials prices are set to rise at an unprecedented pace. The $550 billion chemical company is one of TSMC's suppliers.
Showa Denko expects to raise costs and slash unprofitable products as it confronts a series of economic hardships. The company previously faced ... Read more
‘Chip manufacturers invest €104 billion in production capacity’
Industry association SEMI calculated that the world's chip manufacturers will invest a total of $109 billion (€104 billion) in production capacity in 2022.
According to the researchers, investments are about twice as high as three years ago. In 2019, chip manufacturers invested $55 billion (a... Read more