Intel and German authorities nearing deal on €9.9B subsidy
Intel and the German government are close to a deal on additional funding for the tech giant's local facility. The German newspaper Handelsblatt has reported that the final round of negotiations is underway.
After months of negotiations, the German federal government is about to increase state f... Read more
GlobalFoundries stocks fall despite positive performance in Q1
The US chip maker outperformed its earnings projections but fell short on its guidance for Q2.
GlobalFoundries (GF) stock prices dropped more than 9% this week. This is despite the company having posted better-than-expected first-quarter earnings, according to a report in SiliconANGLE.
The r... Read more
Germany blocks Chinese buyouts of chip makers
The government reversed their previous leanings, citing "security concerns" over China.
This week, the German government blocked the proposed Chinese investment in two semiconductor producers based in their country. The decision was made because "the purchase could endanger the order and securit... Read more
CHIPS Act will funnel billions to global chip makers
The new US legislation will reward companies with a 25 percent tax credit on new chip fabs, plus $39 billion in direct subsidies.
Leading foundry operators stand to benefit from a 25 percent investment tax credit (ITC) on domestic fab projects, The Register reports. The policy is spelled out in ... Read more
US chipmakers worry that data center growth could slow
Analysts and investors speculate that cloud migrations may slow and reduce chip demand.
Cloud and data centers are the chip industry's strongest sector, but cloud infrastructure could be chipmakers' next problem, according to a report in Reuters.
Signs are showing growth could slow in what h... Read more
Lenovo posts slowest revenue growth in nine quarters as PC sales dip
Lenovo reported its weakest revenue rise in nine quarters. The world's largest PC maker saw device sales slow following a pandemic-fueled surge.
The findings validate Lenovo's strategy of focusing on non-PC sectors such as cellphones, servers, and information technology services, which now a... Read more
Congress passes CHIPS Act, funneling billions to US chipmakers
The bill passed the Senate and now awaits President Biden's signature.
Congress approved $52 billion in funding for domestic semiconductor manufacturing, as reported this week by The Verge. If the bill becomes law, popular tech products like gaming consoles and graphics cards would be easier and... Read more