INTEL CHIP FACTORY OHIO
U.S. creates high-tech global supply chains to blunt risks tied to China
The core elements of the plan include getting foreign companies to invest in chipmaking in the United States and finding other countries to set up factories to finish the work.
Synopsys will help Tata Electronics design custom chips
US-based chip design company Synopsys will help Tata Electronics in multiple aspects of its fab facility—India’s first—coming up in Gujarat and its assembly and testing unit in Assam, chief executive Sassine Ghazi told ET. Ghazi also met with Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.
Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence
Nvidia's profit soared, driven by AI dominance and CEO Jensen Huang's vision of 'AI factories' creating artificial intelligence. The company reported a sevenfold increase in net income and a 10-for-1 stock split, with shares rising 6% in after-hours trading.
If China invades Taiwan, ASML and TSMC can disable chip machines
ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have measures in place to remotely disable chipmaking machines in the event of a Chinese invasion of Taiwan. The US government has expressed concerns about the impact of such an attack on the global semiconductor supply chain. ASML's advanced EUV machines are crucial in this scenario, with TSMC being a major client. The stakes are high as Taiwan produces around 90% of the world's most advanced chips.
Intel nears $11 billion deal with Apollo for Ireland facility: report
The move comes as Intel looks to expand its presence across the United States with a planned $100-billion spending spree across four states to boost its manufacturing business and catch up with chipmaking rival TSMC.
Global chips battle intensifies with $81 billion subsidy surge
The concern over China’s rapid advances in key electronics turned into a full-scale panic during the pandemic because chip shortages emphasised the significance of these tiny devices for economic security.
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Chipping in: N Chandrasekaran to chair Tata Electronics
Chandrasekaran will take over from Banmali Agrawala who has held the post for the last few years. Chandrasekaran who is already chairman of many key Tata group companies will take charge after requisite regulatory approvals. Agrawala, a key Tata Sons aide, has taken on an advisory role recently in the group.
Intel shares slump over 12% as AI competition hurts forecast
Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
Mega Networks plans to make AI servers in Maharashtra
Mega Networks is one of two Indian firms chosen for the production-linked incentive (PLI) scheme 2.0 for IT hardware. Under this, the government gives an incentive of around 5% on net incremental sales of goods manufactured in India.
Micron set to get $6.1 billion in chip grants from US
The award, which is not yet finalised, will fund chipmaking facilities in New York and Idaho from the CHIPS & Science law, the senator said in a statement.
Micron set to get $6 billion in chip grants from US, Bloomberg reports
Micron Technology to receive $6 billion in grants from the U.S. Commerce Department for domestic chip factory projects. The funding aims to boost domestic production and create thousands of jobs.
Samsung to get $6-7 billion in chip subsidy next week for Texas expansion
The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go towards construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center, one of the sources said.
TSMC wins $6.6 billion US subsidy for Arizona chip production
Commerce Department awards TSMC $6.6 billion subsidy for advanced semiconductor production in Phoenix, Arizona, with plans to expand investment and create jobs, supporting U.S. chip output.
Intel discloses $7 billion operating loss for chip-making unit
Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before.
Arizona independents in play as Joe Biden pushes big Intel investments
US president Joe Biden's move on Wednesday to pump $19.5 billion into Intel's expanding chip-making business will create thousands of jobs in the Southwestern border state of Arizona that is expected to play a critical role in determining the November 5 elections for president and Congress.
Intel clinches nearly $20 billion in awards from Biden to boost US chip output
The historic outlay shows the Biden administration is betting big on Intel as part of the 2022 CHIPS and Science Act, a bid to boost domestic semiconductor output with $52.7 billion in funding, including $39 billion in subsidies for semiconductor production and $11 billion for research and development.
Intel prepares for $100 billion spending spree across four US states
Intel's $100 billion investment in U.S. states, aided by federal funds, aims for AI chip site in Ohio. Strategic partnerships and government support crucial for Intel's resurgence in semiconductor manufacturing.
White House announces almost $20 bn in loans, grants to boost Intel chip production
The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. - Largest CHIPS funding announcement - Wednesday's $8.5 billion direct funding announcement is the largest of any grant made so far under the $52.7 billion 2022 CHIPS and Science Act, US Commerce Secretary Gina Raimondo told reporters ahead of the announcement.
Joe Biden to announce Intel chips grant in Arizona next week
The company has sought grants to fund expansion plans in both Ohio and Arizona, a critical political swing state that Joe Biden, who is running for re-election against Republican Donald Trump, hopes to win in November.
US considering more than $10 billion in subsidies for Intel
Negotiations are underway, and Intel's award package will likely include both loans and direct grants, according to the report.
Intel delays $20 billion Ohio project, citing slow chip market: report
Its initial timeline had chip-making starting next year. Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project.
US to announce billions in subsidies for advanced chips -WSJ
President Biden's administration is expected to award billions of dollars in subsidies to semiconductor companies such as Intel, Taiwan Semiconductor Manufacturing Co (TSMC), and Samsung Electronics to build new factories in the U.S. The subsidies aim to kick-start manufacturing of advanced semiconductors for smartphones, AI, and weapons systems. Intel has projects underway in Arizona, Ohio, New Mexico, and Oregon costing over $43.5 billion.
Intel forecasts quarterly revenue below estimates, stock falls
In an interview, CEO Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye. Intel no longer gives full-year financial forecasts, but Gelsinger said the company has $2 billion worth of orders for its AI chips and expects better sales later in the year.
Sam Altman seeks to raise billions for network of AI chip factories
Altman has had conversations with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, or fabs, as they’re known colloquially, said the people, who requested anonymity because the conversations are private.
Intel chief Pat Gelsinger ready to go it alone on chip manufacturing
Gelsinger has moved Intel's manufacturing unit into what is now called Intel Foundry Services (IFS) that operates as a business within Intel. IFS will break out financials beginning in the second quarter of next year, Gelsinger said.
Intel shelves planned chip operation expansion in Vietnam
The Southeast Asian electronics manufacturing hub is home to Intel's largest factory worldwide for assembling, packaging and testing chips, and has been banking on the company further expanding there especially after Joe Biden announced deals to support Vietnam's chips industry during a visit in September.
Big chipmakers push back on Biden's limits on sale of semiconductors to China
Since July, Nvidia, Intel and Qualcomm, three of the world's largest chipmakers, have pressed their case that cracking down on China would have unintended consequences.
India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell
With government support for the domestic semiconductor ecosystem and foreign investment in manufacturing, India can become a “really interesting location” for setting up a semiconductor fabrication unit, according to Schell.
Vietnam PM Pham Minh Chinh courts US companies, seeks investment in chip sector
Synopsys, which has plans to build chip design centres in Vietnam, on Monday signed memorandums of understanding with Vietnam's information ministry and with the investment ministry.
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