Samsung, Microsoft, Apple - and much, much more
Big investments and big insider stock moves
Good morning. Next week is Thanksgiving in the US, so note that you’ll only get one SemiSlice newsletter next week. Don’t worry, this ones a doozy - with all the big names with news: Samsung, Apple, Microsoft.
Here’s your SemiSlice. 👇🏼
NEWS
Industry Updates
Semiconductor Industry Set for Rebound in Q3 of 2024: Integrate circuit (IC) distributor Edom Technology predicts a rebound in semiconductor industry demand in the third quarter of 2024 and the company is currently hiring. According to Edom Technology, demand for ICs is expected to rise in various sectors, including automotive and consumer electronics. Read more »
Microsoft's Maia AI Accelerator: Microsoft introduced the Maia AI Accelerator, a custom semiconductor designed for AI applications within its Azure services. The chip's design aligns with Azure's hardware stack to enhance AI performance. Read more »
Apple's Modem Development Challenges: Apple faces difficulties in developing its own modem chip for the iPhone, leading to further delays in its timeline. The company's goal is to ship the modem by at least 2026. According to BNN Bloomberg, the complexity of replacing Qualcomm's component has proven challenging, and achieving the goal of faster data download speeds seems unlikely at this point. Qualcomm's shares initially declined but later rebounded following the news. Read more »
Siemens Acquires Insight EDA: Siemens Digital Industries Software acquired Insight EDA Inc., enhancing its circuit reliability solutions for IC design. Insight EDA's technology helps identify and address potential circuit reliability failures, providing confidence to design engineers. Read more »
FINANCE
Notable Trades and Sales
Intel Board Member's $2.5 Million Stock Purchase: Intel board member Lip-Bu Tan bought $2.5 million worth of Intel shares. According to Morningstar, Tan's purchase demonstrates his confidence in Intel's future prospects. He currently owns a total of 172,024 Intel shares. Read more »
CFO Sells Lattice Semiconductor Corp Shares: Lattice Semiconductor Corp's CFO, Sherri Luther, sold shares, raising questions about the company's future prospects. Read more »
Airbnb Acquires AI Startup GamePlanner.AI: Airbnb acquired GamePlanner.AI, a secretive AI startup co-founded by Adam Cheyer, known for his involvement in launching Siri. The exact nature of GamePlanner's work is unclear, but it combines expertise in AI and design to create AI-driven experiences. Read more »
Texas Instruments Director Sells Shares: Texas Instruments’ Director Ronald Kirk recently sold shares, attracting investor attention. Read more »
INFRASTRUCTURE
Major Investments in Fabs and People
Samsung's Massive Investment in Texas: Samsung is constructing a new semiconductor fab in Taylor, Texas. The $17 billion investment as part of its $47 billion commitment to the U.S. As reported by Forbes, the project is expected to create thousands of jobs and attract other tech companies to Texas. Note: the fab's scale is almost twice that of Samsung's flagship campus in South Korea. Read more »
GlobalFoundries' Student Loan Repayment Program: GlobalFoundries announced a new student loan repayment program for its employees in the U.S., offering up to $28,500 in tax-free assistance. This program is funded in part by the CHIPS and Science Act, which seeks to make higher education more accessible and support the domestic semiconductor industry. Read more »
$3.5 Billion Funding for Battery Industry: The U.S. Department of Energy is offering up to $3.5 billion in funding to companies involved in battery production and critical minerals to strengthen the battery supply chain for electric vehicles and clean energy storage. Read more »
RPI's Grant to Shrink Microchips - Researchers at Rensselaer Polytechnic Institute (RPI), in collaboration with Notre Dame University and Cornell University, received a $1.2 million grant from the National Science Foundation to develop materials for smaller and more efficient computer chips. Read more »
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