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Applied Materials' $4 billion California R&D facility sees uncertain future: report
Economic Times
·
1y ago
Medial
Applied Materials, the largest maker of semiconductor equipment in the US, may cancel or delay its $4 billion R&D facility in Silicon Valley due to a lack of government funding. The Biden administration decided not to provide funding from the Chips and Science Act, which aims to support chip production amid high demand. This move comes as a blow to Applied Materials' plan to enhance semiconductor manufacturing. The company has not yet responded to Reuters' request for comment.
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Applied Materials says Bengaluru chipmaking centre to rake in $2 billion
Economic Times
·
1m ago
Medial
Applied Materials India is establishing a chip-making center in Bengaluru, expecting to attract over $2 billion in future investments. This initiative follows the Karnataka government's approval of three semiconductor projects. The company will invest $400 million in building the facility by creating an Innovation Center for Semiconductor Manufacturing, aimed at fostering technological advancement and high-tech job opportunities. An R&D lab focused on cutting-edge equipment technology will enhance India's global role in the semiconductor ecosystem.
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Karnataka: Cabinet committee clears sops for three semiconductor projects
Economic Times
·
2m ago
Medial
The Karnataka cabinet subcommittee, led by Chief Minister Siddaramaiah, approved incentives for investments by Applied Materials, Lam Research, and Bharat Semi Systems to bolster the state's semiconductor industry. The projects include an R&D Fab by Applied Materials in Bengaluru, two units by Lam Research for advanced semiconductor technologies, and a design manufacturing facility by Bharat Semi Systems in Mysuru. These initiatives aim to make Karnataka a global semiconductor hub, creating over 3,500 jobs.
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LG Electronics plans $39.5B investment to reach $79B in sales by 2030
TechCrunch
·
2y ago
Medial
LG Electronics plans to spend $39.5 billion (50 trillion won) in R&D, facility and strategic investment as it aims to reach $79 billion (100 trillion won) in sales by 2030, up from $51.4 billion (65 trillion won) in 2022.
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Applied Materials sees quarterly revenue above estimates on AI boom
Economic Times
·
1y ago
Medial
Semiconductor equipment supplier Applied Materials is expecting better-than-expected second-quarter revenue due to strong demand for advanced chips used in AI and a recovery in the personal computer market. The company reported a first-quarter revenue of $6.71 billion, surpassing estimates, with China sales accounting for 45% of total revenue. Applied Materials expects second-quarter revenue of $6.5 billion, higher than analysts' average estimate of $5.92 billion. The push for stronger domestic chip supply chains is benefiting companies like Applied Materials.
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Qualcomm to lay off over 1,200 employees in US: Report
Economic Times
·
1y ago
Medial
According to a recent filing with the California Employment Development Department, Qualcomm plans to lay off around 1,258 employees from its offices in San Diego and Santa Clara, California. The job cuts, accounting for 2.5% of Qualcomm's workforce, are expected to take effect in December. This announcement comes after Qualcomm provided a gloomy outlook for its fiscal Q4, citing a slump in smartphone sales and the likelihood of job cuts. The company denies rumors of shutting down its R&D facility in Shanghai, but plans to downsize due to economic uncertainties.
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Centre eyes dedicated R&D wing under semicon research centre
Economic Times
·
1y ago
Medial
The Indian government plans to establish a dedicated research and development (R&D) wing under the India Semiconductor Research Centre (ISRC), with a focus on semiconductor research for industrial production. This initiative aims to foster an intellectual property-driven manufacturing ecosystem and involve both the private and public sectors in semiconductor R&D. The ISRC will concentrate on developing next-generation semiconductors, packaging, systems technologies, processes, and materials. Further details of the scheme will be announced after the general elections in June, and the dedicated R&D center might eventually become an independent entity.
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Samsung Unveils Semiconductor R&D Unit In India
Inc42
·
1y ago
Medial
Samsung Semiconductor India Research (SSIR) has opened a new research and development (R&D) facility in Bengaluru, India. The facility aims to drive semiconductor R&D in India and meet the company's growing infrastructure needs. With a capacity for around 1,600 professionals, the facility spans 1.6 lakh square feet across four floors. SSIR operates globally within Samsung Electronics' network, providing component solutions and showcasing technologies across System LSI, Memory, and Foundry sectors. The company currently employs over 4,500 people in India and plans to hire an additional 700 employees. Samsung's move towards laptop manufacturing in India follows restrictions on imports imposed by the government last year.
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Nasdaq-listed Applied Materials set to strike India deal with PE-backed company
VCCircle
·
1y ago
Medial
Nasdaq-listed Applied Materials is in talks to acquire a minority stake in an Indian telecom gear and hardware manufacturer. The company is currently engaged in advanced discussions after the target failed to secure a private equity deal. Applied Materials is a prominent global supplier of equipment and software to semiconductor makers, with a substantial revenue of over $26 billion.
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India to soon manufacture semiconductor equipment: IT Minister Ashwini Vaishnaw
Economic Times
·
1y ago
Medial
India's IT minister, Ashwini Vaishnaw, announced plans for India to manufacture equipment for semiconductor manufacturing. The country aims to establish the entire semiconductor ecosystem, including fabs, ATMP units, chemicals, gases, substrates, consumables, and equipment. This announcement was made at the inauguration of Applied Materials' India Validation Centre, a $20 million facility in Bengaluru. Applied Materials, an American chip equipment supplier, will also be setting up an engineering center in Bengaluru with a total investment of $400 million over four years. India is making progress in the semiconductor hardware ecosystem, and partnerships with foreign companies are helping to develop the sector further.
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Apple plans Texas factory for AI servers, 20,000 research jobs
Economic Times
·
5m ago
Medial
Apple plans to open a Texas factory for AI servers by 2026, creating 20,000 R&D jobs across the U.S. It aims to spend $500 billion over four years, covering various U.S. investments. Apple will collaborate with Foxconn on a Houston facility and expand its Advanced Manufacturing Fund to $10 billion. Additionally, Apple will open a manufacturing academy in Michigan to offer free courses to small and mid-sized firms on project management and optimization.
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