The Semiconductor Industry - Employment and Industry Updates
- Published on June 14
Samsung Denies $300 Million Investment in Tenstorrent
Samsung has denied reports of a $300 million investment in Tenstorrent, a semiconductor startup led by Jim Keller. Despite this, Samsung continues to support Tenstorrent's efforts to challenge Nvidia in the AI chip market. The Information highlighted the challenges of breaking into the AI chip market dominated by Nvidia, noting that companies may go bankrupt in the process. Tenstorrent, however, has expressed confidence in its strategy, stating that while most AI chip startups overly rely on the large language model (LLM) sector, it is developing multipurpose AI chips. Samsung's spokesperson stated, "There is no truth to this. We have not participated in this investment." Similarly, LG Electronics and Hyundai Motor have also not confirmed any additional investments.
Source: Business Korea
Onsemi to Cut 1,000 Jobs Globally
Onsemi announced plans to cut its global workforce by about 1,000 employees as part of an effort to streamline operations and reduce costs amid sluggish demand in the electric vehicles market and excess inventory. The company will also consolidate nine sites and reassign 300 employees. Onsemi expects to incur between $65 million and $80 million in employment-related charges through 2025. Despite the layoffs, the company plans to reinvest part of the savings into business initiatives and opportunities.
Source: U.S. News & World Report
Employers Predict Increased Hiring Amid AI Adoption
ManpowerGroup's research reveals that 55% of employers plan to increase headcount due to AI and machine learning integration over the next two years. The report emphasizes the need for upskilling and job redesign to ensure success in the evolving workplace. Despite challenges such as high costs and skills gaps, AI adoption is expected to enhance overall business performance and facilitate workforce development.
Source: PRNewswire
AMD to Hire 3,000 Engineers in India Over the Next Five Years
AMD plans to hire 3,000 engineers in India over the next five years, focusing on silicon design, software, and AI. This expansion underscores India's importance to AMD's R&D and business operations. The company aims to enhance the skills and impact of its teams, contributing significantly to AMD's product development and innovation.
Source: CNBC-TV18
Oregon CHIPS Act Funds New Semiconductor Projects
Governor Tina Kotek announced finalized contracts for the Oregon CHIPS Act, supporting the expansion of semiconductor manufacturing and research. Lam Research is constructing a new R&D facility with $22 million, ADI is expanding its Beaverton facility with $12 million, and Siltronic is modernizing its Portland facility with $2.2 million. This initiative aims to maintain Oregon's leadership in the semiconductor industry, boosting STEM education and creating high-quality jobs.
Source: Oregon Governor's Office
Audi and Volkswagen Drive Semiconductor Innovation
Audi and Volkswagen are enhancing their semiconductor supply chain resilience and driving innovation in automotive technology through strategic partnerships. Emphasizing coopetition and transparency with semiconductor partners, the companies aim to bolster the European semiconductor industry's competitiveness. Key innovations include advancements in digital OLED technology and electric mobility, addressing ongoing global supply chain challenges.
Source: Audi MediaCenter
AMD Confident in Increasing Market Share in India
AMD is optimistic about expanding its market presence in India. The company plans to strengthen its growth strategy and partnerships with local businesses to increase its market share. While no current hiring opportunities are mentioned, AMD's expansion plans indicate potential future job openings, reflecting a positive long-term outlook.