ASM to invest $100 mn in manufacturing in Korea
ASM International announced plans to invest around $100 million in its manufacturing and innovation center in Dongtan, South Korea, by 2025.
The investment will expand...
Wolfspeed plans $3 bn chip plant in Germany
US chipmaker Wolfspeed said it will build a $3-billion chip plant in Germany, with automotive supplier ZF investing $185 million for an equity stake.
The factory...
Micron appoints Raj Narasimhan to head Compute and Networking Business
Micron Technology announced the appointment of Raj Narasimhan as senior vice president and general manager of its Compute and Networking Business Unit.
Raj Narasimhan, who...
Intel confirms salary cut to employees
Intel has revealed salary reduction to employees and executives in order to cut expenditure in the wake of slowdown in business units.
Intel last week...
Western Digital revenue dips 36% to $3.1 bn in Dec quarter
Memory chipmaker Western Digital has reported 36 percent drop in revenue to $3.107 billion for its second quarter in fiscal 2023.
Western Digital has generated...
AMD revenue jumps 44% to $23.6 bn due to Data Center biz
AMD has posted revenue of $5.6 billion (+16 percent), gross margin of 43 percent, operating loss of $149 million and net income of $21...
SK Hynix posts first operating loss in 10-years
Chipmaker SK Hynix has reported revenue of 44.648 trillion won (+4 percent), operating profit of 7.007 trillion won (--44 percent) and net income of...
Samsung has no plan to cut investment in chips this year
Samsung Electronics indicated it has no plan to cut investment in chips this year, Reuters news report said.
Samsung said capital spending in 2023 would...
Samsung Electronics hints at sluggish demand, no word on Capex
Samsung Electronics has revealed that its capital expenditures (Capex) reached KRW 53.1 trillion in 2022, including KRW 47.9 trillion for semiconductors and KRW 2.5...
Intel sales plummet in 2022, does not expect any recovery in Q1
Intel has reported revenue of $63.1 billion with gross margin of 47.3 percent in 2022 against forecasted revenue of $76 billion.
“We lost share, we...
STMicroelectronics plans hike in Capex to $4 bn
STMicroelectronics, one of the world’s largest semiconductor companies, said it is planning Capex of $4 billion in 2023, primarily to increase manufacturing capacity, as...
ASML reports €21.2 bn in sales and €5.6 bn in net income
ASML Holding, an equipment supplier to chip makers, has reported sales of €6.4 billion, gross margin of 51.5 percent and net income of €1.8...
Texas Instruments sales drop 3% to $4.67 bn in Dec quarter
Texas Instruments has reported revenue of $4.67 billion (--3 percent), net income of $1.96 billion and earnings per share of $2.13 for the fourth quarter of 2022.
“Our results...
Intel names Frank Yeary as its Chairman
Intel has revealed its Chairman Omar Ishrak has stepped down and the chipmaker appointed board director Frank Yeary as his replacement.
“Omar Ishrak was instrumental...
