Aug-27th 2024, the Biden-Harris Administration announced that the Department of Commerce and HP Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $50 million in proposed direct funding under the CHIPS and Science Act. The proposed funding would support the expansion and modernization of HP’s
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The global foundry industry’s revenue grew about 9% QoQ and 23% YoY in Q2 2024, according to Counterpoint Research’s Foundry Quarterly Tracker. The sequential growth was mainly driven by strong AI demand. CoWoS supply remained tight, with potential upsides in capacity expansions focusing on CoWoS-L going forward. Despite slower demand
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ITTSBURGH, Aug. 29, 2024 — Today, Efficient announced a strategic partnership with GlobalFoundries (GF) to bring to market a new high-performance computer processor that is up to 166x* more energy-efficient than industry-standard embedded CPUs. Efficient is already working with select customers for early access and customer sampling by summer 2025. The official introduction of the
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New Delhi, India The Indian government has announced a landmark investment of 1.26 trillion Indian rupees (US $15.2 billion) to bolster the country’s semiconductor and electronics industry, marking a significant step towards achieving self-reliance in this strategically critical sector.
The ambitious plan includes the construction of India’s first state-of-the-art
TrendForce reveals that sales of advanced packaging equipment are expected to grow by more than 10% in 2024, with the potential to exceed 20% in 2025. This growth is being driven by major semiconductor manufacturers’ ongoing expansion of advanced packaging capacity and the rapidly expanding global AI server market.
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SUNNYVALE, Calif., Aug. 21, 2024 — Synopsys, Inc. (Nasdaq: SNPS) today reported results for its third quarter of fiscal year 2024. Revenue for the third quarter of fiscal year 2024 was $1.526 billion, compared to $1.354 billion for the third quarter of fiscal year 2023.
“Our strong third quarter results and expectations for