Zoho suspends $700 million India chipmaking plan
May 02, 2025
In June 2024, the Indian company had applied for government incentives under the India Semiconductor Mission (ISM) to build a compound semiconductor chip fabrication unit in Karnataka.
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Foundry market hits $38.5B as top 10 dominate with 96% share
March 11, 2025
The global foundry industry reached a new revenue record of USD 38.48 billion in Q4 2024, driven by strong demand for advanced process nodes in AI servers, flagship smartphone application processors, and new PC platforms, reports TrendForce. The top 10 foundries achieved nearly 10% QoQ revenue growth, despite weakening demand for mature process technologies.
3Q24 global top 10 foundry revenues reach record highs
December 05, 2024
TrendForce reports that despite a weak economy in Q3 2024, new smartphone and PC launches, along with strong demand for AI servers, boosted wafer foundry capacity utilisation compared to Q2.
Tower releases 300mm silicon photonics process as a standard offering
November 27, 2024
Semiconductor foundry Tower Semiconductor has released its new 300mm Silicon Photonics (SiPho) process as a standard foundry offering.
RRP’s $1.4 billion OSAT plant in Maharashtra inaugurated
September 19, 2024
RRP Electronics is investing ₹120 billion in the first phase of the project and has pledged to invest an additional ₹240 billion (USD 2.8 billion) in the second phase, which will be a fab unit.
Tower and Adani plan $10 billion semiconductor facility in India
September 10, 2024
Tower Semiconductor and India's Adani Group are planning to invest USD 10 billion in a semiconductor manufacturing facility in the Indian state of Maharashtra, according to a statement made by the state’s Deputy Chief Minister.
LG ThinQ ON a step towards ‘liberating people from household chores’
September 09, 2024
ThinQ ON is a smart speaker embedded with generative AI agent, Furon, which is backed by the GPT-4o large language model.
$10 billion chip project in Maharashtra gets government approval
September 06, 2024
The fab project is to be jointly set up by India’s Adani Group and Israel’s Tower Semiconductor. However, it requires the approval of the central government.
Urgent orders boost wafer foundry utilisation in Q2
September 03, 2024
Customers have started to restock components following the arrival of China's 618 mid-year shopping season and consumer electronics inventory levels approaching healthy levels. This has led to urgent orders for wafer foundries, reports TrendForce.
M31 team up with Tower Semiconductor
August 05, 2024
M31 Technology Corporation (M31), a provider of silicon intellectual property, has teamed up with Tower Semiconductor yielding the successful development of static random access memory (SRAM) and read-only memory (ROM) IP products using a 65nm process.
Top 10 global foundries see 4.3% QoQ drop in 1Q24
June 12, 2024
The first quarter of 2024 marked the entry of a traditional off-season for the consumer end, according to a survey by TrendForce. Orders were mainly for restocking inventory, and the supply chain was slow overall. Economic risks like inflation and geopolitical conflicts led to revisions in forecasts for automotive and industrial equipment. AI servers played a key role in supporting the supply chain. Despite this, the top 10 global foundries saw a 4.3% revenue drop to USD 29.2 billion.
Sharp considering $5bn investment in new Indian display fab
April 29, 2024
Japanese electronics giant Sharp is set to create a 1000 acre facility in India to manufacture its latest-generation displays.
Global top 10 foundries Q4 revenue up 7.9%
March 12, 2024
The latest TrendForce report reveals a notable 7.9% jump in 4Q23 revenue for the world’s top ten semiconductor foundries, reaching USD 30.49 billion.
Tower Semiconductor to halt operations in the US
March 07, 2024
Tower Semiconductor is reportedly planning to shut down most of its operations in Newport Beach, California for a period of three weeks – which will result in nearly 700 employees taking leave during this time.
Tower posts less-than-expected Q4 revenue decline
February 16, 2024
Israel-based contract chipmaker Tower saw its quarterly sales fall by 12.7% – better than estimates by $2 million.
Tower to build $8bn fab in India?
February 12, 2024
Online reports say Tower Semiconductor has submitted a proposal to create a major new facility, with the Indian government paying half of the cost.
Indian government invites bids to revamp state-owned factory
February 02, 2024
Nine companies including Tata and Texas Instruments are competing for a USD 1 billion contract to modernise a 180nm chip manufacturing plant in India.
Intel and UMC's partnership – a win-win for both
January 30, 2024
Intel and UMC officially announced their landmark collaboration on January 25, 2024, geared toward developing the 12-nanometer process. TrendForce believes that this partnership, which leverages UMC’s diversified technological services and Intel’s existing factory facilities for joint operation, not only aids Intel in transitioning from an IDM to a foundry business model but also brings a wealth of operational experience and enhances manufacturing flexibility.
Tower provides an update following earthquake in Japan
January 02, 2024
Tower Semiconductor has provided an update following the recent earthquake in Ishikawa Prefecture in Japan, the neighbouring Prefecture to where its two Japanese manufacturing facilities are located.
Japanese earthquake halts wafer, MLCC, and semiconductor fabs
January 02, 2024
TrendForce’s investigation into the impact of the recent strong earthquake in the Noto region of Ishikawa Prefecture, Japan, reveals that several key semiconductor-related facilities are located within the affected area.
Top 10 foundries experience 7.9% QoQ growth in 3Q23
December 06, 2023
The third quarter of 2023 was a dynamic quarter for the global foundry industry – marked by an uptick in urgent orders for smartphone and notebook components, according to TrendForce’s research.
Reliance to buy Tower Semiconductor? Rumours persist
October 20, 2023
Online reports say Indian conglomerate Reliance Industries is planning a bid for Israeli company Tower Semiconductor.
GF creates 300 new jobs as it opens new Malaysia facility
September 27, 2023
GlobalFoundries has officially opened its new hub facility in Penang, Malaysia. This new facility will create 300 high-value manufacturing support roles, including technicians, engineers, administrative and support functions.
Intel and Tower reaches new US foundry deal
September 06, 2023
Following the cancelled deal between Intel and Tower Semiconductor, a deal which would have created a new foundry giant, the companies have reached a new deal – a deal to cooperate.
Top 10 foundries report a 1.1% quarterly decline in 2Q23
September 05, 2023
TrendForce reports an interesting shift in the electronics landscape: dwindling inventories for TV components, along with a surging mobile repair market that’s been driving TDDI demand, have sparked a smattering of urgent orders in the Q2 supply chain.
It's official, Intel abandons Tower deal
August 16, 2023
The rumours proved to be true, Intel has chosen to terminate its acquisition of Tower Semiconductor.
Sources: Intel's Tower deal is in jeopardy
August 16, 2023
According to sources familiar with the subject, Intel will abandon its USD 5.4 billion proposal to acquire Israeli Tower Semiconductor when their contract expires later on Tuesday – without Chinese regulatory approval.
13 new 300mm wafer fabs being brought online in 2023
August 11, 2023
At the end of 2022, there were 167 semiconductor fabs processing 300mm wafers for the fabrication of ICs, including CMOS image sensors, and non-IC products such as power discretes.
Microchip opens new R&D facility in Hyderabad, India
July 04, 2023
With a capacity for 1,000 employees, Microchips' new 168,000-square-foot centre will support the company's growth plans for years to come.
Foundry market expected to drop 6.5% YoY in 2023
July 03, 2023
The global semiconductor foundry market grew 27.9% YoY in 2022. However, it is projected to decrease by 6.5% YoY in 2023 due to inventory adjustments, according to IDC.
Weak consumer product demand hits PSMC and VIS revenue hard
June 13, 2023
The foundry industry has been following a downward trend since the second half of 2022. Second and third-tier foundries, constrained by process technology limitations and high product overlap, face intense competition and lack bargaining power, reports TrendForce.
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