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Nordic Strengthens Executive Management Team 4/17/2024
Nordic Semiconductor is strengthening its executive management team with additional business leadership and streamlining organizational structure with four new technology-centric business units.
Tesla to cut 10% of global workforce 4/17/2024
Musk said there has been duplication of roles and job functions in certain areas as the company expanded globally, making it “extremely important” to reduce costs and increase productivity.
Microchip acquires automotive specialist VSI 4/16/2024
Microchip Technology has acquired VSI, a Korean company that specializes in advanced driver-assistance systems and digital cockpit connectivity. VSI's products focus on the Automotive SerDes Alliance open standard of in-vehicle networking.
Taiwan to open IC design training base in Prague 4/16/2024
Taiwan is opening its first overseas IC design training base to help companies operating in Europe train specialists. The Prague base, which launches in September, is aiming for 100 specialists in the first year, according to National Science and Technology Council Minister Wu Tsung-tsong.
Apple announces investment in Vietnam as Tim Cook visits Hanoi 4/16/2024
The iPhone maker said it has spent nearly 400 trillion dong ($16bn) since 2019 through supply chains in Vietnam and more than doubled annual spending in the country during the same period.
Microchip Expands Partnership with TSMC to Strengthen IC Manufacturing Capacity 4/16/2024
TSMC’s majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan. The partnership is part of Microchip’s ongoing strategy to build resiliency in its supply chain.
Huawei aims to grow fab know-how with R&D site 4/15/2024
Huawei Technologies is reportedly building a research and development center in Shanghai to develop its wafer fab equipment abilities. The center is focusing on lithography machine development, sources say, amid restrictions on leading-edge wafer fab tools overseas.
DRAM Price Increase Expected to Narrow to 3–8% in 2Q 2024 4/15/2024
As they continue to improve their situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid. Additionally, significant price increases by suppliers since the fourth quarter of last year (4Q 2023) are expected to further diminish the momentum for inventory restocking.
Taiwan Startup Innovates New-gen 3D Al Assistant with VR/MR Technologies 4/15/2024
At the Smart City Summit & Expo, Pumpkin VR, a pioneering Kaohsiung-based startup, unveiled its 3D AI assistant tailored for businesses, deeply integrating artificial intelligence (AI), virtual reality (VR), and mixed reality (MR) technologies.
Mercedes-Benz workers in Alabama file for UAW election 4/15/2024
A “supermajority” of the more than 5,000 autoworkers at the facility filed a petition with the National Labor Relations Board, the UAW announced Friday.
AT&T Hit With Dozens of Class-Action Lawsuits Following Data Breach 4/12/2024
AT&T also appears to revise its estimate of affected users from 73 million to 51 million.
Foxconn weighs rotating leadership, sources say 4/12/2024
Foxconn is considering a rotating system of chief executives as it overhauls its management, sources say. The strategy can promote teamwork and develop talent, and follows calls from investors to increase corporate governance, analysts say.
Electronic System Design Industry Revenue Hits .4B in 4Q 2023 4/12/2024
The four-quarter moving average, which compares the most recent four quarters to the prior four, rose 14.1%.
UPS sees big opportunity in Mexico’s nearshoring wave 4/12/2024
UPS is particularly well-positioned to handle the flow of goods from Asia to Mexico that are then destined for delivery in the U.S.
Huawei releasing 5nm Kirin chip made by SMIC 4/11/2024
Huawei Technologies is set to release a Kirin chip that uses a 5-nanometer process node made by SMIC, according to a report. Huawei is also reported to be developing Kirin chips with a 64-bit structure.
Microsoft investing $2.9B in data centers in Japan 4/11/2024
Microsoft Corp. will invest $2.9 billion over the next two years to boost its hyperscale cloud computing and artificial intelligence infrastructure in Japan, marking its biggest investment in the country.
Rivian keeps production pace as it preps for plant retooling 4/11/2024
The startup’s CFO said the new technology at the facility will result in “significant cost savings.”
Boeing delivery orders sluggish 4/11/2024
The aircraft maker delivered only 83 commercial aircraft as it slows production in an attempt to fix quality issues.
Samsung to get up to $6.6B in US chip subsidies for Texas facilities 4/10/2024
The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go toward construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center.
South Korea banking on AI with $7B investment 4/10/2024
South Korean President Yoon Suk Yeol says the country is investing $6.94 billion in AI by 2027 to maintain its global edge in semiconductors. South Korea's chip exports hit $11.7 billion last month, and the country plans to focus on artificial neural processing units and high-bandwidth memory chips, according to the government
What is AI Good For? 4/10/2024
We are just now entering into the AI Era and are still in the early stages.
Nearly 70% of industrial organizations have experienced a cyberattack in the past year 4/10/2024
What these recent attacks tell us is that the unabated expansion of cyberthreats has found ways to intrude into every corner of modern organizations, and industrial operations are no exception.
Samsung unveils plans for 3D DRAM, sub-10nm process 4/9/2024
Samsung decided to break the silence at Memcom last week and revealed some of its plans concerning 3D DRAM. As it turns out, the first 3D DRAM node is just a few years away.
Samsung set to announce 2nd fab in Texas 4/9/2024
Samsung Electronics is planning to announce a second fab in Taylor, Texas, bringing its total investment there to $44 billion. The facility is expected to focus on high-bandwidth memory.
Tesla and Rivian Q1 Numbers Disappoint, But One Is Still Lapping the Other 4/9/2024
More tough news for the EV industry as Tesla and Rivian report lower output than expected amid manufacturing challenges.
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