GlobalFoundaries on the rise and Intel out of Vietnam
Your Thursday SemiSlice
Good morning. Today we take a look at some international updates from leading companies and some major innovations and infrastructure investments.
Here’s your Thursday SemiSlice - see you back here Tuesday.
NEWS International Industry Updates
GlobalFoundries on the Rise: GlobalFoundries, the largest US supplier of made-to-order semiconductors, saw its shares rise the most in almost 9 months after reporting better-than-expected third-quarter earnings. The company's profit of 55 cents per share exceeded analysts' estimates, demonstrating its ability to maintain profitability despite the industry slump. GlobalFoundries is a smaller competitor of TSMC and is owned by the government of Abu Dhabi. Read more »
TSMC in Europe:The Federal Cartel Office in Germany - the Bundeskartellamt - has approved Bosch, Infineon, and NXP's acquisition of 10% stakes in TSMC's new semiconductor plant in Dresden, Germany. The plant, owned by the European Semiconductor Manufacturing Company (ESMC), is TSMC's first in Europe and third outside of Taiwan and China. Read more »
Intel Out of Vietnam: Intel has reportedly canceled its planned investment in Vietnam, which would have significantly expanded its operations in the country. Vietnam had been hoping to position itself as an alternative to China and Taiwan in the chip industry. The decision by Intel is seen as a setback for Vietnam's ambitions. The company has not provided a reason for the cancellation, but concerns about power supplies and excessive bureaucracy have been raised. Read more »
CLOSER LOOK 📚 Insights
Intel’s 18A: Intel CEO Pat Gelsinger announced that the company's most advanced chip design, the 18A, will enter the test production phase by Q1 2024. This comes as Intel aims to deliver five upgrades to its advanced manufacturing process within four years. The company is under pressure to reassure PC and server-making clients about its competitive technology. Intel Innovation Day in Taipei served as the platform for Gelsinger's announcement. More on Intel’s announcement »
Siemens US Investments: Siemens is investing $500 million in US manufacturing for critical infrastructure in 2023. This includes a $150 million investment in a new high-tech manufacturing plant in the Dallas-Fort Worth area to produce electrical equipment for data centers and accelerate the adoption of artificial intelligence. More on Siemens investments »
Spectra7 Financials: Spectra7 Microsystems Inc., a leading provider of analog semiconductor products for broadband connectivity markets, has announced its financial results for the first nine months of 2023. The company reported record revenues of $9.6 million during this period, despite a delayed hyperscaler upgrade cycle. Spectra7's Active Copper Cable solutions are expected to offer significant sales opportunities in the future. More from Spectra7 »
CAREERS 🔍 Featured Opportunities
Explore opportunities from leading companies. Here are some companies actively seeking talent:
Axcelis Technologies, Inc. - Specializing in ion implantation, Axcelis is at the forefront of semiconductor manufacturing technology. With a dedication to continuous innovation, they're currently offering 25 positions in various specializations.
Tenstorrent - Known for its groundbreaking work in hardware and software for AI applications, Tenstorrent is on the lookout for diverse talent to join their dynamic team. They have 67 jobs available.
Synaptics - Synaptics leads the charge in human interface technology, designing systems that enable seamless interaction with a wide range of digital devices. They're currently hiring for various roles, offering professionals the chance to work on technology that bridges the gap between humans and devices.