30,000 new Michigan jobs by 2030
Do you know the most lucrative Google searches?
Good afternoon. As we talk about in nearly every SemiSlice, entire regions in the US and abroad are making major investments in the semiconductor industry. The global race is on for talent and investment. Keep up with all of it in today’s SemiSlice of the semiconductor industry.
NEWS
Industry Updates
$55 Million to help cloud companies handle the AI boom
MangoBoost is a chip design startup with operations in Seoul and Seattle and specializes in creating data processing units (DPUs) for data centers. They’ve raised $55 million in a Series A funding round, elevating its total funding to $65 million. The investment was led by IMM Investment and Shinhan Venture Investment, alongside others like IM Capital Partners and Korea Development Bank. MangoBoost's DPUs are designed to enhance server efficiency and support AI processing, reducing dependence on central processing units (CPUs). Read more »
Google's most lucrative searches
During the US v. Google antitrust trial, Google disclosed a list of its top revenue-generating search queries as of September 22, 2018, with the most profitable queries being related to iPhone models and insurance. The top 20 queries included terms like iPhone 8, car insurance, and cheap flights. This rare glimpse into Google's revenue specifics was made public following Judge Amit Mehta's call for transparency in the trial proceedings. Read more »
Calumet Electronics invests nearly $51 million into substrate facility
Calumet Electronics is initiating the construction of the US's first and largest organic substrate manufacturing facility, a project endorsed by the Michigan Strategic Fund to bridge the tech divide with Asia and bolster Michigan's Upper Peninsula economy. This facility is set to produce cutting-edge electronics for the Department of Defense and other sectors requiring advanced technology like AI, ensuring the retention of 270 jobs and spurring a total capital investment of nearly $51 million. Read more »
Valens Semiconductor launches high-performance single-chip for extension of USB3.2
Valens Semiconductor has introduced the VS6320 chipset, a high-efficiency USB3.2 Gen1 extension solution designed for long-distance connectivity of USB3.2 peripherals in various sectors, including videoconferencing, IT, industrial, and medical. Featuring compatibility with both USB3 and USB2 data transfer, the VS6320 boasts reduced power consumption, a compact form, and the capability to extend USB3.2 peripherals up to 100 meters using category cable. Learn more »
CAREERS
📚 Insights
"30,000 jobs by 2030": Mid-Michigan is betting big
The Michigan Economic Development Corporation (MEDC) has committed over $3.6 million to enhance semiconductor education and training in Michigan, anticipating the creation of 30,000 industry jobs by 2030. Partnering with Michigan State and Lansing Community College, the initiative includes establishing a free technician boot camp at Lansing Community Colleage and a free five-day summer camp at MSU for young students interested in semiconductor manufacturing. Read more »
Industry and hiring trends and India
The global semiconductor industry, predicted to have over 1 million skilled job vacancies by 2030, is recognizing India's potential in design and engineering talent despite its lack of domestic chip manufacturing. With annual imports exceeding $5 billion, India is poised to bolster its position in the semiconductor supply chain, spurred by the recent chip shortages and the AI revolution. To meet the growing demand for skilled professionals in this sector, companies are adopting diverse hiring strategies, with the Indian semiconductor job market exhibiting a robust Compound Annual Growth Rate of approximately 100% over the past three years. Read more »
Which companies pay hardware engineers the most?
Hardware engineering is a highly specialized field with a median total compensation of $188,000, surpassing the average tech professional salary, and companies like Meta and Apple often provide exceptional salaries and stock options. Read more »
CAREERS
🔍 Featured Opportunities
Leading companies seeking leading talent:
Entegris | Billerica, MA: The Entegris Leadership Development Program (ELDP) is uniquely designed to provide new-to-market and entry-level professionals meaningful exposure to the core supply chain disciplines that drive our business. Apply to the ELDP »
Entegris | Aurora, IL: Entegris is seeking a Material Quality Engineer to join their US team. The Material Quality Engineer is responsible for technical ownership of raw materials and external relationships with suppliers. Learn more »
Skywater | Bloomington, MN: SkyWater is hiring a Device Development Engineer to design, develop, and support new and existing CMOS-based offerings in a senior device engineering role. Read more »
