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Semiconductor equipment billings down 11% in Q3

New data from SEMI says 'softening chip demand' reduced industry billings to USD 25.6 billion in the third quarter of 2023.

Lumotive expands global partner network for lidar tech

Optical semiconductor specialist Lumotive has added new distribution partners across China, South Korea, and Europe. It says the expansion will meet demand for its next-gen 3D sensing solutions.
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SEMI unveils low-carbon energy body in Asia Pac

SEMI and the Semiconductor Climate Consortium (SCC) have created the Energy Collaborative (EC) to advance low-carbon energy sources in the Asia-Pacific region.

US confirms program to protect domestic semiconductor IP

Washington has unveiled its new Semiconductor Technology Pilot Program, which will speed up patent applications for semiconductor manufacturing innovations.
 

Finland's electronics industry is more than just ICT

Finland has previously been referred to as the world’s telecommunications test laboratory. With the history of Nokia and the rich ICT sector, it’s often believed that this is what the Finnish electronics industry has to offer – but it is actually so much more.

TCL Technology closes semiconductor division

China's electronics conglomerate TCL is reported to have dissolved its Moxing Semiconductor joint venture.

German court ruling 'could cost Intel billions'

A decision to cancel German government funding of climate-related projects is threatening Intel's plans to build manufacturing plants in Saxony-Anhalt.

US assigns $3bn to domestic advanced packaging sector

The US government's CHIPS for America program has confirmed it will set aside $3bn for the country's advanced packaging industry in 2024.

EAM invests $650M in new US anode materials plant

Epsilon Advanced Materials (EAM), an Indian battery materials company, plans to build a USD 650 million graphite anode manufacturing facility in Brunswick County, North Carolina.

Renesas extends tender offer for acquisition of Sequans

Renesas and Sequans announced on November 20 that Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans.

Hexatronic revises its outlook and looks to cut costs

Swedish Hexatronic Group is downgrading its short-term outlook and expects that the EBITA margin, excluding restructuring costs, will amount to 12-14% for the second half of 2023. Furthermore, the Company is initiating a cost-saving program expected to result in annual savings of approximately SEK 90 million (EUR 7.8 million).

Evertiq grants scholarship to support future talents

The electronics industry is currently facing a skill shortage and the future of the industry depends on future engineers, thus it depends on the education of students. For that very reason, Evertiq is launching a scholarship – to be handed out for the very first time during Evertiq Expo Tampere on the 29th of November.

Average selling price for semiconductors rose 3.6% in 3Q

Prices in the semiconductor space are on the up, with the average hitting USD 0.568 per unit in 3Q23.

Enovix completes acquisition of Routejade

Enovix Corporation, an advanced silicon battery company, has completed the acquisition of privately held Routejade, a South Korean battery manufacturer.

Production ramp-up at Balluff Mexico

In late October Balluff opened its new production facility in Aguascalientes, Mexico. The new smart factory will enable the sensor and automation specialist to achieve its planned growth while creating resilient supply chains.

SMIC reports 80% slump in 3Q profits

China's largest chipmaker SMIC has blamed weak demand and ongoing restrictions imposed by the US for a huge fall in quarterly profits.
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November 30 2023 8:03 pm V22.0.11-2
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