© KYEC Business | June 07, 2021
King Yuan expects output to take a hit after Covid-shutdown
Taiwanese chip packager King Yuan Electronics (KYEC) had to halt all production on Friday following the discovery that several employees had contracted COVID-19
In a filling with the Taiwanese stock exchange, the company said that it planned to halt all production on Friday for 48 hours in order to fully clean and disinfect its operations. The shutdown of production will ultimately lead to production output being affected during the month of June. The company writes in the filling that it quantity is expected to decrease about 4%~6% in this month – which also means about %~6% of the company’s June revenue. “Regarding the above-mentioned loss, after the disinfection is completed, through capacity allocation to make up for the loss of production capacity. Therefore, it is estimated that there will be no significant impact on the company's financial and operations for full year,” the company comments in the filling.
Layoffs await at GlobalFoundries as the company looks to cut costs The semiconductor manufacturer is planning to reduce its workforce as the company looks to navigate itself through a period of weaker demand and increased costs.
GlobalFoundries to tackle the supply chain with new appointment Ashlie Wallace will lead GlobalFoundries' global supply chain operations, including logistics, supply planning, sourcing, and procurement. She will step into her new role on November 28, 2022.
Filtronic opens new design centre in Manchester Filtronic, a designer and manufacturer of RF-to-mmWave components and subsystems, has recently employed several additional engineers to extend the capabilities of both its design team and its process engineering team. Adding to this expansion, the company has also opened a new design centre in Manchester, UK
Hunan Sanan secures order worth $524 million Hunan Sanan, a Sanan Optoelectronics subsidiary, has signed a procurement letter of intent (LOI) agreement with an automotive partner. Under the agreement, Hunan Sanan will supply USD 524 million worth of SiC chips to the automaker's new electric vehicle product line in the next few years.
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The UK is looking into Broadcom’s acquisition of VMware The UK’s Competition and Markets Authority (CMA) is looking into whether chipmaker Broadcom’s USD 61 billion acquisition of VMware may substantially lessen competition.
Heilind's SVP Alan Clapp looks back at 2022 2022 has been a year of challenges for most companies, for connector specialist Heilind these challenges proved to be a "blessing in disguise" as they opened up a lot of customer opportunities due to the supply chain issues.
Cambridge GaN Devices secures funds to scale up The fabless semiconductor company has raised USD 19m in Series B funding. The investment will enable Cambridge GaN Devices (CGD) to begin mass production of its range of GaN transistors for power applications.
Sponsored content by congatec GmbHHeterogeneous core technology for multifunctional embedded client systems Computer-on-Modules with 12th generation Intel Core processors (formerly codenamed Alder Lake) deliver tremendous performance scalability with their 4 to 16 cores and 8 to 24 threads. Their hybrid architecture, with Performance- and Efficient-cores, suits a wide range of applications, from industrial workstations to workload consolidation in IoT-connected machines and systems. To ensure high cybersecurity, the IIoT gateway functions are implemented in real-time capable virtual machines instead of containers. Meanwhile, these new Computer-on-Modules also solve many of the procurement problems OEMs face for their existing products.
EU agree to foot €2.4 billion for satellite internet system The Council and the European Parliament reached a provisional agreement on a regulation establishing the EU's secure connectivity programme for the period 2023-2027.
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A perfect storm slams the memory markets Early in 2022, the near-term prospects for the memory markets, including both DRAM and NAND, were decidedly bright, despite the backdrop of tenuous geopolitical dynamics with the conflict in Ukraine and worsening China/US relations.
Sponsored content by Evertiq Expo Tampere 2022Evertiq Expo: There is an abundance of "Sisu" in the Finnish industry “Finland lives on its forests”, was a saying that was quite common some time ago. Then came a time when you had to add “..and on Nokia”. But that doesn't really cut it anymore – the country has a strong technology-based economy all together.
Cambridge GaN Devices ink agreement with Neways Clean-tech semiconductor company, Cambridge GaN Devices (CGD), has signed an agreement with Neways to develop high-efficiency, photovoltaic solar inverter products based on gallium nitride technology.
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Memphis Electronics discuss the past and current unpredictable market Evertiq met up with Marco Mezger, COO of Neumonda and the Global Head of Memphis Electronics, to talk about what's happened since the Management Buyout of Memphis, and also what's on the horizon for the company.
Sponsored content by Evertiq Expo Tampere 2022Evertiq Expo Tampere: 70% of products miss the mark when they come to final testing Some 70% of companies that come to a test house do not meet the requirements and as a result, lose both time and money. Don’t fail – include the regulatory part in your product planning and development.
Nexperia ordered to divest almost all of Newport Wafer Fab The UK government has ordered Nexperia to divest 86% of its semiconductor wafer factory in South Wales, known as Newport Wafer Fab (NWF).
Harting and TTI Europe expand their sales partnership The Harting Technology Group and TTI, Inc. Europe are expanding their authorised sales partnership to the European region.
Sivers Semiconductors enters new emerging radar markets Sivers Semiconductors' close cooperation with the Canadian start-up aiRadar has resulted in "a line of sophisticated radar products", a press release states.
BorgWarner invests $500 million in Wolfspeed Wolfspeed and BorgWarner are entering into a strategic partnership under which BorgWarner will invest USD 500 million in Wolfspeed's financing transaction in exchange for a SiC device capacity corridor.
Micron cuts back on production and Capex In a response to current market conditions, Micron is reducing DRAM and NAND wafer starts by approximately 20% compared to the fourth quarter of 2022.
South Korea to get ASML's new hub The Dutch semiconductor production equipment maker ASML will open a new support hub in South Korea.
Berkshire Hathaway buys stake in TSMC Warren Buffett's Berkshire Hathaway has disclosed a USD 4 billion stake in Taiwan Semiconductor Manufacturing.Load more news