GlobalFoundries, Qualcomm join forces to double down on US chip production

Key Insights and Signals in Semiconductor

Center Setup and Expansion
Taiwan-based MediaTek picks Indiana for the new chip design center 
The semiconductor company plans to create a new chip design center in partnership with Purdue University. It intends to create high-paying jobs in Tippecanoe County to support the new center, establishing a new microelectronics ecosystem in West Lafayette. Read More>>
TSMC celebrates the near completion of its 5nm Chip Manufacturing facility in Arizona 
The chip manufacturer claims the plant cost the company a total of USD 12 Bn and will be the first of its kind in the United States to mass-produce 5nm chips. The Arizona facility would begin mass production in the first quarter of 2024.  Read More>>
GlobalFoundries, Qualcomm sign pact to double chip manufacturing 
The partnership will see Qualcomm set up shop in GF’s Malta, New York manufacturing plant. The extended collaboration aims to ensure a steady supply of US-based wafer capacity. Read More>>
Merger and Acquisition
IoT players Semtech, and Sierra Wireless, tipped for a tie-up 
This acquisition brings together two essential technologies for the future of IoT – LoRa and cellular – to enable the digitization of the industrial world with a comprehensive chip-to-Cloud platform. Read More>>
Financial and Market Activity
SMIC net income up in H1 2022 
The company reported a 27-percent increase in net income overall for the first half of 2022. In terms of net earnings, its banking subsidiaries accounted for 48 percent, followed by property at 26 percent, retail at 20 percent, and portfolio investments at 6 percent. Read More>>
Micron Technology stock tumbles on reduced Q4 chip sales forecast 
US-based Micron Technology announced the slump of its shares after the chipmaker lowered its near-term revenue guidance amid what it described as “macroeconomic factors and supply chain constraints” that have blunted global demand. Read More>>
Executive Movements
ASM International names Ryan Milosh as COO and Kelvin Scott as CIO 
As COO, Milosh will oversee all ASM International operations, except the Data Ecosystem and Information Technologies groups. As CIO, Scott will work across the organization to develop and deploy ASM’s digital strategies and information technology systems, both internal and customer-facing. Read More>>
Lightmatter appoints Intel veteran Ritesh Jain as VP of engineering, systems and packaging  
In this new role, Jain will leverage his at-scale expertise and passion for sustainability to lead packaging and systems development for Lightmatter’s next-generation compute and interconnect products. Read More>>
Silicon Labs selects Robert Conrad to the Board of Directors  
Conrad brings nearly 40 years of experience in the semiconductor industry, driving strategic focus and successfully scaling businesses. He most recently served as Senior Vice President of the Automotive Microcontrollers and Processors Business at NXP Semiconductors before retiring in 2019. Read More>>
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Startup Spotlight

Company – Hepster
Total Funding  USD 23.3 Mn
About: Hepster is an insurtech company that develops customized insurance products and integrates them into digital processes and systems. Hepster’s strength is its fully API-driven, cloud-based, and modular insurance solutions – it can quickly build and deploy digital insurance products per its partner’s requirements. Read more>>

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