September 9th 2024, SILICON VALLEY, Calif. and MALTA, N.Y., September 9, 2024 – GlobalFoundries (Nasdaq: GFS) (GF) and Silicon Catalyst, the world’s only incubator+accelerator focused exclusively on semiconductor solutions, today announced that GF has joined the incubator’s semiconductor startup ecosystem as a Strategic Partner and an In-Kind Partner (IKP). The partnership will
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Mumbai, India September 6th 2024– The Maharashtra cabinet has approved the establishment of a semiconductor fabrication unit in Panvel, Mumbai, to be jointly developed by the Adani Group and Israel-based Tower Semiconductor. The project, which requires approval from the central government’s India Semiconductor Mission (ISM), will involve an investment of approximately
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[September 4, 2023] – Semiconductor Manufacturing International Corporation (SMIC), China’s leading chipmaker, has significantly reduced its capital expenditures (capex) in the first half of 2024, despite a surge in semiconductor equipment spending by China overall.
SMIC’s H1 capex dropped from $12 billion in H1 2023 to $8 billion in H1
Sep. 2, 2024 —- TrendForce’s latest investigations have found that the arrival of China’s 618 mid-year shopping season as well as inventory levels of consumer electronics reaching healthier levels, have prompted customers to begin restocking components, resulting in urgent orders for wafer foundries. This surge in demand has significantly improved capacity
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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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