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U.S. Awards $1.6 Billion to Texas Instruments to Build Semiconductor Plants

NEWS HIGHLIGHTS:

The U.S. Department of Commerce has proposed up to $1.6 billion for TI in direct funding through the CHIPS and Science Act to support three 300mm semiconductor wafer fabs under construction in Texas and Utah.
TI expects to receive an estimated $6 billion to $8 billion from the U.S. Department of Treasury’s Investment Tax

South Korea Launches $834 Million to Boost AI Semiconductor Ecosystem

Seoul, August 15, 2023 – The South Korean government is set to launch a substantial semiconductor ecosystem fund in the third quarter of this year, focusing on supporting the growth of fabless chip design companies through scale-ups and mergers and acquisitions (M&A). This initiative is a key component of the

AutoChips integrated multiple VeriSilicon’s IPs in its intelligent cockpit domain control SoC

Shanghai, China, August 14, 2024 — VeriSilicon (688521.SH) today announced that AutoChips, an automotive electronic chip design company, has adopted VeriSilicon’s high-performance IP portfolio in its new generation intelligent cockpit domain control SoC AC8025, including Neural Network Processing Unit (NPU) IP, Video Processing Unit (VPU) IP, and Display Processing IP.
 
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Discrete Semiconductor Industry is Expected to Reach $ 44.2 Billion by 2033

Newark, Aug. 12, 2024 (GLOBE NEWSWIRE) — The report published by The Brainy Insights shows that the global discrete semiconductor market is expected to reach USD 44.2 billion by 2033, at a CAGR of 6% during the forecast period 2023-2032. North America emerged as the largest market for global discrete semiconductors,

Chiplet interconnect pioneer Eliyan gains additional financial backing from AI chip ecosystem with strategic investment from VentureTech Alliance

SANTA CLARA, Calif. – August 13, 2024 – Eliyan (“Eliyan”) Corporation, credited for the invention of the semiconductor industry’s highest-performance and most efficient chiplet interconnect, today announced a strategic investment from VentureTech Alliance.
 
The additional funding puts Eliyan’s total investment past the $100 million mark and will help further the company’s

Global Semiconductor Sales Increase 18.3% in Q2 2024 Compared to Q2 2023; Quarter-to-Quarter Sales Up 6.5%

WASHINGTON—August 5, 2024—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales totaled $149.9 billion during the second quarter of 2024, an increase of 18.3% compared to the second quarter of 2023 and 6.5% more than the first quarter of 2024. Sales in June 2024 were $50.0 billion, an