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| Advantest CEO sees AI boosting demand for testing gear |
6/27/2024 |
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Advantest expects AI to drive increased complexity in chipmaking, boosting demand for its semiconductor testing equipment, CEO Douglas Lefever said. The company's stock rose over 7% after announcing ambitious profit targets, and it plans to increase its market share to 58%, up from a three-year average of 54%.
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| South Korea unveils $12.22B in loans for chip industry |
6/27/2024 |
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The South Korean government will provide $12.22 billion in low-interest loans next month to boost corporate investment in the semiconductor industry, according to Finance Minister Choi Sang-mok. The initiative is part of a broader $19 billion support package announced by President Yoon Suk Yeol to boost the sector amid global competition.
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| STMicroelectronics leads SiC market as top supplier |
6/25/2024 |
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STMicroelectronics retained its top position in the silicon carbide market, ranking as the top supplier, followed by onsemi, which rose from fourth to second place. ST is expanding its production capabilities with a new factory in Italy and a joint venture in China.
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| Rapidus sets 2025 open date for 2-nm pilot fab |
6/21/2024 |
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Rapidus, a Japanese chip foundry startup, will open a 2-nanometer pilot fab in April 2025 with support from IBM and imec. This facility will unite fabrication and packaging. The company faces significant challenges, including workforce development and competition from Taiwan Semiconductor Manufacturing Co. and Samsung.
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| Nvidia passes Microsoft, Apple as most valuable company |
6/21/2024 |
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Nvidia has overtaken Microsoft and Apple to become the world's most valuable company, with a market value of $3.34 trillion. This achievement is fueled by the high demand for its AI chips, which has led to a 170% increase in its share price this year. The company's market value grew this year from $2 trillion to $3 trillion in just 96 days.
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