semiconductor – Page 2

US-based Micron begins construction of $2.75 Bn semiconductor plant in Gujarat

23Sep

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Technology

US-based Micron begins construction of $2.75 Bn semiconductor plant in Gujarat

[ad_1] The US-based Micron Technology, a computer memory manufacturer, has broken ground in Gujarat's Sanand to build a $2.75 billion semiconductor testing and assembly plant. The plant will be spread across an area of 500,000 square feet of land. The information about the construction was shared by Union Minister Rajeev Chandrasekhar. The construction work began just three months after the company announced its intention to open a plant in India. This has also become the largest investment under the India Semiconductor Mission (ISM) as Micron is contributing $825 million. The rest of the amount is being covered through subsidies, as per reports.With the construction starting, the plant is expected to become operational by late 2024. Interestingly, Micron is the first company that was a...

UK is in talks with Tech Giants on AI chips, Telegraph reports

20Aug

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Technology

UK is in talks with Tech Giants on AI chips, Telegraph reports

[ad_1] UK government officials have held discussions with tech giants Nvidia Corp., Advanced Micro Devices Inc. and Intel Corp. about procuring equipment for national artificial intelligence research, according to the Telegraph.The government has allocated £100 million ($127 million) for AI chips, the Telegraph reported on Sunday. It said efforts may be in “advanced stages” of an order of as much as 5,000 graphics processing units from Nvidia. Prime Minister Rishi Sunak has vowed to make the UK a global science and technology “superpower” by 2030. The premier is targeting a summit later this year that aims to bring together world leaders and top AI executives in an event supported by US President Joe Biden. A $5.4 billion international chip deal with Intel is off after greenlight from C...

Amazon, Apple earnings to provide look at consumer habits

30Jul

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Technology

Amazon, Apple earnings to provide look at consumer habits

[ad_1] Consumer habits will come to the fore again in next week's earnings deluge, when Amazon.com Inc., Shopify Inc. and PayPal Holdings Inc. are expected to talk about online spending trends and Apple Inc. may comment on the outlook for iPhone sales.It follows a packed week that showed the US economy and consumer spending growing at a faster clip than expected, while corporate earnings delivered a few surprises of their own. Intel Corp. surged post-market after the chipmaker signaled its long-awaited comeback may be just around the corner; McDonald's Corp. and Mastercard Inc. also topped estimates. Thus far, US companies have registered the most earnings beats in almost two years, according to data tracked by Bloomberg Intelligence, and companies selling non-essential products and ser...

Chipmaking Machines Face a Crunch of Their Own

20Apr

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Technology

Chipmaking Machines Face a Crunch of Their Own

[ad_1] A massive shortage of semiconductors over the past two years wreaked havoc in many sectors. There weren't enough machines to make the chips, either. To fix the problem, firms announced billions of dollars of capital spending for new facilities. But before these have even come online, there's already a glut.Companies don't seem too perturbed, though, nor do investors. Some chip machinery maker stocks(1)are trading at heady valuations. They are finding comfort in the backlog of orders that will tide these firms through the troughs. Those that aren't sitting on cushy buffers will wait it out as they've done in years past. SEMI, the industry association, projects a 17% drop in front-end process equipment. For others that cut wafers into chips, or the back-end process, sales are likel...

Samsung Defies Chip Downturn With Aggressive Capital Spending

1Feb

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Samsung Defies Chip Downturn With Aggressive Capital Spending

[ad_1] Samsung made a surprisingly aggressive decision to keep capital spending at the same level as last year, defying expectations that it go along with rivals in pulling back to alleviate pressure on an already-battered semiconductor industry. Samsung Electronics Co. made a surprisingly aggressive decision to keep capital spending at the same level as last year, defying expectations that it go along with rivals in pulling back to alleviate pressure on an already-battered semiconductor industry. Chipmakers have been struggling with a historic slump in the price of memory, with consumers cutting back on purchases of gadgets months after pandemic-driven production ramp-ups kicked in. Inventory has piled up, forcing double-digit price slides that are erasing profit and forcing Samsu...

Chipmaker TSMC’s sales buck estimates, competition slowdown

7Oct

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Technology

Chipmaker TSMC’s sales buck estimates, competition slowdown

[ad_1] Taiwanese semiconductor giant TSMC posted better-than-expected third-quarter profits on Friday as rivals warn that demand for consumer electronics is being hit by the global economic downturn. Taiwan Semiconductor Manufacturing Company operates the world's largest silicon wafer factories and produces some of the most advanced microchips used in everything from smartphones and cars to missiles. Revenue for September was approximately TW$208.25 billion ($6.6 billion), down 4.5 percent from the month before but an increase of 36 percent from September last year. Third-quarter revenue at the world's largest contract chipmaker also rose 48 percent on-year to about TW$613 billion ($19.4 billion), according to Bloomberg News calculations. TSMC's results came the same day bigges...

Biden Signs Order On $52 Billion Semiconductor Chips Law Implementation

25Aug

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Latest

Biden Signs Order On $52 Billion Semiconductor Chips Law Implementation

[ad_1] Biden signed an executive order on implementation of the $52.7 billion manufacturing subsidy.Washington: President Joe Biden on Thursday signed an executive order on implementation of the $52.7 billion semiconductor chips manufacturing subsidy and research law, the White House said.Earlier this month, Biden signed the bill to boost efforts to make the United States more competitive with China's science and technology efforts. By subsidizing U.S. chip manufacturing and expanding research funding, the law aims to alleviate a persistent shortage that has affected everything from cars and weapons to washing machines and video games.The "Chips and Science" law also includes an investment tax credit for chip plants estimated to be worth $24 billion.The White House said the Commerce Depa...