STMicroelectronics teams with AWS for secure IoT connections to the AWS cloud

Key Insights and Signals in Semiconductor

Merger and Acquisition
Grosvenor acquires Graphcore headquarters as part of a major property deal  
Property investment firm Grosvenor has acquired two city center office buildings in Bristol, including the global headquarters of tech ‘unicorn’ Graphcore. The deal includes the Prudential Buildings – an office block on Wine Street home to the artificial intelligent chip and systems maker, and 1 Victoria Street on Bristol Bridge. Read More>>
MaxLinear is all set to acquire Silicon Motion  
The strategic business combination is anticipated to drive transformational scale, create a diversified technology portfolio, expand the combined company’s total addressable market, and create a highly profitable cash-generating semiconductor leader. Read More>>
SÜSS MicroTec announces merger of two subsidiaries  
SÜSS MicroTec SE, a leading supplier of equipment and process solutions for the semiconductor industry, has completed the merger of its subsidiary SUSS MicroTec Lithography GmbH into SUSS MicroTec Photomask Equipment GmbH & Co. KG. Read More>>
Krakul and u-blox Sign International Design Partner Cooperation Agreement  
Under the agreement, u-blox will partner with Estonian-based Krakul to develop and design innovative solutions for mutual customers. The partnership means that u-blox can confidently introduce customers who need solutions to fit their specific needs to the Krakul team. Read More>>
STMicroelectronics partners with AWS to strengthen IoT connection security 
STMicro now offers a reference implementation that makes for an easier and more secure connection of IoT devices to the AWS cloud. Meanwhile, in a joint effort with Microsoft, STMicro has endeavored to strengthen the security of emerging IoT applications. Read More>>
Executive Movements
Neways names Fiona Lam as new CFO 
The company’s Supervisory Board has appointed Loi Ieng (Fiona) Lam as the new CFO and member of the Executive Board. She will succeed Paul de Koning, who, after seven years as Neways’ CFO, will step down on the first of August 2022. Read More>>
Allegro MicroSystems gets new CEO  
After an extensive search, Allegro MicroSystems’ board of directors has appointed Vineet Nargolwala as the new President and CEO, effective June 13, 2022. The current one, Ravi Vig, will continue to support the leadership transition and serve in an advisory role for the next six months. Read More>>
Financial and Market Activity
Microchip Technology issues Q1 2023 earnings guidance  
The company updated its first quarter 2023 earnings guidance. Microchip also provided earnings per share guidance of USD 1.32-USD 1.36 for the period, compared to the consensus earnings per share estimate of USD 1.28. Read More>>
Micron Solutions, Inc. reports first quarter 2022 results  
In the first quarter of 2022, the Company reported USD 4,683,268 in net sales, compared to USD 5,761,023 in the first quarter of 2021, an 18.7% decrease. This decrease is due to reductions from our automotive and defense segment as we continue to strengthen our position in the medical sector, lower non-recurring tooling and engineering revenue, and a continued lower level of elective surgeries. Read More>>
Sales Webinar

Startup Spotlight

Company – Bounce Imaging
Total Funding  USD 9.48 Mn
About: Bounce Imaging focuses on developing sensor technology to save the lives of first responders by allowing them to view hazardous environments remotely safely and at a low cost. Read more>>

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