Meta partners with Qualcomm to develop custom virtual reality chips for metaverse applications

Key Insights and Signals in Semiconductor

Center Setup and Expansion
Micron Technology invests USD 15 Bn in memory fab in Idaho 
The new memory manufacturing fab will ensure the domestic supply of leading-edge memory required for market segments like automotive and data centers, fuelled by the accelerating adoption of artificial intelligence and 5G. The new fab is said to create over 17,000 jobs. Read More>>
Qualcomm, Meta sign multi-year deal for chips for metaverse devices 
Under the agreement, Qualcomm is expected to produce chipsets that would power Meta’s virtual reality devices and applications. The partnership extends the existing relationship between the social networking giant and the American chipmaker. Read More>>
Digi International selects MaxLinear PCIe bridges and serial transceivers for Digi Connect console access servers 
By integrating MaxLinear technologies, Digi will be able to deliver excellence in Digi Connect remote console access servers with greater scalability and performance. Read More>>
Merger and Acquisition
Japanese fab manufacturer Renesas to acquire India’s fabless Steradian  
The acquisition of Steradian’s radar technology will enable Renesas to extend its reach in the radar market and boost its automotive and industrial sensing solution offerings. The acquisition is expected to close by the end of 2022, subject to customary closing conditions. Read More>>
Infineon Technologies acquires Industrial Analytics  
Infineon Technologies AG has acquired Berlin-based startup Industrial Analytics, strengthening its software and services business in artificial intelligence for predictive analysis relating to machinery and industrial equipment. Read More>>
Executive Movements
Allegro MicroSystems appoints Mike Doogue as first CTO 
Mike has served as Senior Vice President of Technology and Products, since 2019, after a successful career of progressive engineering and executive leadership roles at the Company since joining in 1998. Read More>>
GlobalFoundries names Pradheepa Raman as Chief People Officer  
Raman joins GlobalFoundries from Stanley Black & Decker, where she held the dual roles of global head of human resources and chief transformation officer for the company’s largest business unit. Prior to that, she served as the company’s chief talent innovation officer. Read More>>
Financial and Market Activity
Broadcom Inc. announces third fiscal quarter financial results and quarterly dividends  
During the third fiscal quarter, Broadcom’s consolidated revenue grew 25% year-over-year to USD 8.5 Bn and operating profit increased 32%. Broadcom’s record third-quarter results were driven by robust demand across the cloud, service providers, and enterprise. Read More>>
NXP Semiconductors announces quarterly dividend 
As part of its ongoing capital return program, NXP Semiconductors N.V. announced that its board of directors had approved the payment of an interim dividend. The actions are based on the continued and significant strength of the NXP capital structure and the board’s confidence in the company’s ability to drive long-term growth and strong cash flow. Read More>>
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Latest Industry Insights from Draup Braindesk

  • Renesas Electronics Corporation focuses on delivering easy-to-implement real-time application solutions for autonomous production through Renesas-powered systems which enable safe & secure sensors, drives, networks, and controls. 
  • Renesas Electronics Corporation focuses on strengthening its portfolio of products to support Industrial Ethernet solutions leading to increased factory productivity and reduced production cost. 
  • Renesas Electronics Corporation focuses on providing a wide range of secure wireless networking solutions that helps to connect elements and functions within smart homes, buildings, and factories. 
  • Tokyo and Japan serve as the critical and major buying locations for Renesas Electronics Corporation, focusing on Middleware & Firmware Engineering-related engagements.  
  • Product Engineering Services, the major outsourced segment, holds ~74% of the total outsourcing headcount. Tata Elxsi is the major outsourcing partner for Renesas Electronics Corporation.

Startup Spotlight

Company – Sensei
Total Funding  USD 46.86 Mn
About: Sensel is enabling exciting new experiences for touchpads, displays, mobile devices, automotive interfaces, and other products that involve human interaction. By providing touch, force, and haptic components in a single module, Sensel can offer a complete solution, which significantly reduces the cost, time, and burden of integrating those three disparate technologies. Read more>>

Latest Reports Published in Draup

STMicroelectronics N.V. Account Intelligence Report
STMicroelectronics focuses on STM32 microcontrollers, critical tools to develop cutting-edge AI solutions that make the most of embedded products’ limited memory sizes and computing power. Read More>>
Micron Technology, Inc. Account Intelligence Report
Micron Technology focuses on developing high-speed storage devices like SSD, NVMe SSD, and memory chips to boost desktop PC performance and capability. Read More>>
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