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GlobalFoundries opens $4 billion Singapore chip fabrication plant
Economic Times
·
1y ago
Medial
GlobalFoundries, one of the world's leading semiconductor foundries, has opened a $4 billion semiconductor fabrication plant in Singapore. The new facility will be capable of producing 450,000 units of 300-millimeter wafers per year at full capacity, expected to be reached by 2025 to 2026. The plant is set to create 1,000 jobs and aims to serve 200 clients worldwide, with a focus on producing chips used in cars and 5G technology. The expansion comes as part of GlobalFoundries' $6 billion global expansion initiative, driven by increased demand for chips.
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GlobalFoundries boosts investment plans to $16 billion, with research focus
Economic Times
·
2m ago
Medial
Chip manufacturer GlobalFoundries plans to boost its investment to $16 billion, with $1 billion for capital spending and $3 billion for research in chip technologies. This expansion, influenced by a surge in AI hardware demand, includes factory expansions in New York and Vermont. GlobalFoundries aims to enhance chip packaging, silicon photonics, and gallium nitride technologies. These investments align with efforts to localize chip manufacturing in the U.S. and capitalize on the growing demand for advanced chip technology.
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India Reviews $21 Bn Proposals To Fast Track Chip Manufacturing Market
Inc42
·
1y ago
Medial
Tower Semiconductor from Israel and Tata Group from India have proposed large-scale chip manufacturing projects in the state of Gujarat, with a combined investment of $17 billion. Tower Semiconductor plans to scale up its plant to eventually produce 80,000 silicon wafers per month, while Tata Group intends to construct a chip fabrication unit and a chip-packaging plant. These proposals are part of the Indian government's efforts to boost chip manufacturing within the country, which is projected to reach a market value of $55 billion by 2026.
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India’s Semiconductor Revolution: Seizing A Trillion-Dollar Opportunity By 2030
Inc42
·
10m ago
Medial
The semiconductor market in India is projected to grow from its current value of $23.2 billion to $80.3 billion by 2028. The government has introduced the 2020 Semiconductor Policy to reduce dependency on imports and boost domestic semiconductor design and manufacturing. The cost of establishing a chip fabrication plant in India is estimated to range from $5 to $7 billion.
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US awards $1.5 billion to GlobalFoundries for semiconductor production
Economic Times
·
1y ago
Medial
The US government has granted $1.5 billion to GlobalFoundries, the world's third-largest contract chip manufacturer, as part of a $39 billion fund aimed at boosting domestic chip production. The funding will be used to construct a new semiconductor production facility in Malta, New York, and expand existing operations in Vermont. The grant will be accompanied by $1.6 billion in loans, with the total investment expected to reach $12.5 billion. The chips produced by GlobalFoundries are essential for national security purposes and are used in satellite communications, the defense industry, and automotive systems.
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IBM, GlobalFoundries settle lawsuits over contract, trade secrets
Economic Times
·
8m ago
Medial
IBM and GlobalFoundries have reached a confidential settlement in their lawsuits against each other, resolving accusations of contract breach and trade secret misuse. The terms allow for potential future collaboration between the two. The disputes arose after GlobalFoundries acquired IBM's semiconductor plants in 2015. These lawsuits involved claims regarding high-performance chip contracts and trade secret misappropriation. Meanwhile, GlobalFoundries received a $1.5 billion subsidy to expand its semiconductor production in the U.S.
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Japan pledges a further $4.9 billion to help TSMC expand Japan production
Economic Times
·
1y ago
Medial
Japan has announced plans to provide TSMC with an additional ¥732 billion ($4.86 billion) in subsidies to assist in the construction of a second chip fabrication plant. The move comes as TSMC inaugurated its first factory in Japan. Tokyo sees TSMC's decision to manufacture chips in the country as vital for advancing semiconductor manufacturing and fortifying supply chains amid escalating tensions with China. The chips produced in the second plant will be more advanced and suitable for applications such as AI and autonomous driving. The total investment in both factories is expected to exceed $20 billion.
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Chipmaker GlobalFoundries faces $500,000 fine for banned shipments to China
Economic Times
·
10m ago
Medial
The US chipmaker GlobalFoundries will be fined $500,000 by the Biden administration for shipping over $17 million worth of products to a Chinese company on the restricted trade list. GlobalFoundries had sent numerous shipments of wafers (thin slices of silicon used in chipmaking) to SJ Semiconductor in China, violating the technology controls on China. GlobalFoundries failed to identify SJ Semiconductor in its screening system due to a data error. The fine is significant as GlobalFoundries is one of the largest chip companies to receive funding under the CHIPS and Science Act. The Biden administration has been implementing restrictions on advanced chip sales to China to prevent aiding their military development.
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Semicon co GlobalFoundries to launch R&D & testing facilities in Kolkata
Economic Times
·
2m ago
Medial
GlobalFoundries, a leading US-based semiconductor firm, will launch its R&D and testing facilities in Kolkata by late August to early September, according to West Bengal's IT Minister, Babul Supriyo. This move aims to boost the local IT and semiconductor landscape while preventing talent migration from the state. GlobalFoundries, utilizing a 13,000 sq. ft space at the Software Technology Park, will begin with R&D, followed by a fabrication lab, creating substantial employment opportunities.
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Tata Group looking for Taiwanese partner for Dholera semicon plant
Economic Times
·
1y ago
Medial
Indian conglomerate Tata Group is reportedly exploring potential partnerships with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group for its proposed chip fabrication plant in Gujarat, India. Tata aims to manufacture chips with nodes ranging from 65 nm to 28 nm, targeting applications such as GPUs, consumer electronics, and the internet of things. The initial capacity of the plant is estimated to be 25,000 wafers per month. Tata's chipmaking plant will be the first of its kind set up by an Indian conglomerate.
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Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief
Economic Times
·
11m ago
Medial
The Indian government plans to expand its semiconductor chip fabrication and packaging scheme under the second phase of the India Semiconductor Mission. Around 20 proposals have been made by semiconductor chip fabrication units, display fabrication companies, raw material suppliers, and chip packaging companies. The goal is to attract more investment in the sector, promote the growth of the semiconductor industry, and strengthen the ecosystem by bringing in other companies such as raw material suppliers and gas companies. Currently, a proposal by Tower Semiconductor to set up a chip fabrication unit is under consideration.
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