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GlobalFoundries to Invest $16 Billion in US Chip Manufacturing, Backed by Trump Administration, $13B for NY/Vermont, $3B for R&D | DeepNewz Economics
Business Bytes
·
2m ago
Medial
GlobalFoundries plans a $16 billion investment to enhance U.S. semiconductor manufacturing, aiming to boost AI capabilities and strengthen critical supply chains. This includes a $13 billion expansion of existing plants in New York and Vermont, as well as a $3 billion commitment to research and development in advanced packaging and other technologies. This strategic move supports reshoring efforts and aims to solidify the U.S. position in the semiconductor industry.
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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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US awards $1.5 billion to GlobalFoundries for semiconductor production
Economic Times
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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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Semicon co GlobalFoundries to launch R&D & testing facilities in Kolkata
Economic Times
·
1m 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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Chipmaker GlobalFoundries faces $500,000 fine for banned shipments to China
Economic Times
·
9m 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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Billions Start Flowing to Chip Makers For New U.S. Factories
Livemint
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1y ago
Medial
The U.S. government has awarded chip maker GlobalFoundries $1.5 billion in grants to build and expand facilities in New York and Vermont as part of a program to boost domestic chip production. This marks the first major award in the initiative, with additional cash injections expected for semiconductor manufacturing projects in Arizona, Texas, New York, and Ohio. The grants are a key element of the $53 billion Chips Act, aimed at reinvigorating the U.S. chip industry after its global market share dropped from 37% in 1990 to 12% in 2020.
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California Democrats urge US president Joe Biden not to scrap chips R&D funding
Economic Times
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1y ago
Medial
California Governor Gavin Newsom and Senator Alex Padilla are urging the Biden administration to reverse its decision to cancel a subsidy program for semiconductor research and development facilities. The program, funded by the Chips and Science Act, was scrapped due to overwhelming demand for funding awards to subsidize chip production. Newsom and Padilla argue that without robust support for commercial R&D, the US risks losing global leadership in the semiconductor industry. They are calling on the Department of Commerce to reconsider its decision and invest in commercial R&D to support domestic semiconductor manufacturing.
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Applied Materials' $4 billion California R&D facility sees uncertain future: report
Economic Times
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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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Foxconn-Backed SiliconAuto Sets Up R&D Centre In Bengaluru
Inc42
·
10m ago
Medial
Foxconn and Stellantis' joint venture, SiliconAuto, has established an R&D center in India to develop semiconductor solutions for electric vehicles, autonomous driving, and connected car technologies. The center will serve as a hub for advanced R&D, semiconductor product design, and system-on-a-chip (SoC) development. The move reflects the growing importance of semiconductors in the automotive industry and aims to cater to the semiconductor needs of Foxconn and Stellantis.
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Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures - The Economic Times
Economic Times
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17d ago
Medial
Netrasemi, a Kerala-based semiconductor startup, raised Rs 107 crore from Zoho Corporation and Unicorn India Ventures. Founded in 2020, the company develops edge AI system-on-chip (SoC) circuits for IoT applications, focusing on local data processing. Currently in its R&D phase, Netrasemi aims to launch its product by 2026. The funding will enhance R&D and manufacturing capabilities. Zoho supports the venture for its potential in domestic innovation and global product competitiveness.
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Mature nodes more viable for fabless sector in India: Marvell India manager Navin Bishnoi
Economic Times
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5m ago
Medial
India's fabless startup ecosystem is evolving, emphasizing mature tech nodes (65 nanometres and above) for sectors like electric vehicles, solar energy, and smart cities, as suggested by Marvell's Navin Bishnoi. The focus is on using cost-effective, mature nodes to accommodate limited R&D budgets. The initiative aims to strengthen India's semiconductor landscape with hundreds of fabless companies. While Marvell expands R&D in India, challenges remain, particularly in high-end chip production due to substantial investments needed.
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