Category Archives: ASIC Industry Market Trends

Synopsys Posts Financial Results for Third Quarter Fiscal Year 2024

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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

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Global Semiconductor Manufacturing Industry Strengthens in Q2 2024, SEMI Reports

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MILPITAS, Calif. – August 19, 2024 –The global semiconductor manufacturing industry in the second quarter of 2024 continued to show signs of improvement with significant growth of IC sales, stabilizing capital expenditure, and an increase in installed wafer fab capacity, SEMI announced today in its Q2 2024 publication of

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

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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

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South Korea Launches $834 Million to Boost AI Semiconductor Ecosystem

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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

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Discrete Semiconductor Industry is Expected to Reach $ 44.2 Billion by 2033

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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,

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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

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