SK hynix posts all-time-high quarterly sales thanks to AI
South Korea's memory specialist SK hynix disclosed revenue of $11.8 billion in the April to June quarter, a year-on-year increase of 125% and its best ever performance.
IDEX Corporation to acquire Mott Corporation for $1 billion
US-based IDEX has reached agreement to buy Mott Corporation in a move that will further boost its market share in the applied materials space.
Bosch to buy Johnson Controls' HVAC solutions business
Industrial group Bosch is making a big move into the global HVAC solutions business with the EUR 7.4 billion purchase of Johnson Controls' residential and light commercial buildings operations.
Infineon and Amkor agree decarbonisation pact
Two chip giants, Infineon Technologies and Amkor Technology, have signed a momorandum of understanding (MoA) to boost decarbonisation and sustainability strategies across the supply chain.
Shinryo lines up buy-out of Indian cleanroom firm
Japanese industrial giant Shinryo Corporation will acquire GMP Technical Solutions, India’s 2nd largest cleanroom business.
Merck prepares swoop for French metrology specialist
German technology group Merck is lining up the $170 million purchase of Unity-SC, a provider of inspection instrumentation for the semiconductor industry.
Samsung acquires UK-based knowledge graph company
Samsung Electronics has signed an agreement to buy Oxford Semantic Technologies in a move that should accelerate the development of on-device AI in its smartphones and home appliances.
EU and South Korea launch joint chip research projects
The European Union and the Republic of Korea have announced four jointly funded projects to boost innovation in semiconductors. The partners will invest €6 million each in the scheme.
TSMC beats expectations with bumper Q2 profits
The world's largest contract chip manufacturer, TSMC, has reported Q2 net profits of $7.60 billion – up from around £5 billion a year earlier.
Vietnam partners with US firms on semiconductor training
Vietnam's National Innovation Center will work with two American firms, Qorvo and Cadence Design, to train 50,000 Vietnamese semiconductor engineers by 2030.
SK to restructure chip processing and distribution arm?
SK Group is rumoured to be planning an internal reorganisation that will merge SK Inc's semiconductor processing and distribution company, Essencore, with its industrial gas company, SK materials airplus.
LG to open HVAC R&D lab in Frankfurt
LG Electronics will form a 'global R&D triangle' comprising existing labs in Changwon, South Korea, and Atlanta, US, and a just-announced 10,000 square foot facility in Germany.
Honeywell set to acquire Air Products and Chemicals
Tech and industrial conglomerate Honeywell has confirmed it will buy APD's liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in cash.
Smartphone sales up 6.5% in Q2 2024
The recovery is well under way: After many quarters of decline, the market for smartphones is booming again according to new data from IDC.
UK firm wins funding for new quantum memory tech
Quinas, a Lancaster University spinout startup, has bagged a £1.4m grant from Innovate UK to advance its 'universal' computer memory technology, ULTRARAM.
Mouser wins global distribution deal with Sanan
Mouser Electronics has signed an agreement with with Sanan Semiconductor to sell and distribute the latter's silicon carbide (SiC) products, including industrial and automotive SiC Schottky barrier diodes (SBDs) and SiC MOSFETs.
New quantum chip 'can be produced at scale in standard fab'
Oxford Ionics has demonstrated what it claims to be 'the highest performing quantum chip in the world'. It says the product can be built by most semiconductor fabrication plants.
Industry edges closer to finalising HBM4 standard
JEDEC, the trade body for standards for the microelectronics industry, says it is 'nearing completion' of the next version of its High Bandwidth Memory (HBM) DRAM standard: HBM4.
Accenture buys its second chip services firm in a week
Accenture has acquired Cientra, a silicon design and engineering services company, just days after purchasing Excelmax, an Indian firm with a similar profile.
Kitron posts EUR 167.6 million in 2Q revenue
Scandinavian electronics company Kitron has reported a fall in year-on-year 2Q sales, but says it is 'well-positioned for growth over the next 12 months.'
Intel invests in AI construction software company
Intel Capital has led a USD 15 million investment into Buildots, a tech startup that applies AI tools to construction projects.
Chip manufacturing equipment sales set for all-time record
Semiconductor equipment revenues are forecast to hit $109 billion in 2024 – that's up 3.4% year-on-year to register the highest total ever recorded.
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