The Silicon Valley-based company could scale back its semiconductor manufacturing business in a blow to American ambitions

CHIPS Incentives Awards in Georgia and Colorado Would Advance U.S. Technology Leadership and Supply Chain Security

Sales in October reached highest-ever monthly total; worldwide chip sales increase 2.8% month-to-month

Microchip Technology Inc., a manufacturer of semiconductor chips for automotive and consumer electronics, announced the closure of its facility in Tempe, Arizona, which will affect around 500 employees. The decision comes amid slower-than-expected orders, leading the company to lower its revenue forecast for the December quarter to near the low end of its previous estimate of approximately $1.03 billion.

- Beijing's curbs follow latest US limits on Chinese chip sector
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Initial production slated for 2027, expected output of 55,000 300mm wafers per month in 2029

TrendForce reports that the revenue from Micro LED chips is projected to reach approximately US$38.8 million in 2024, with large displays remaining the primary source of contribution. Looking ahead, breakthroughs in technical bottlenecks are on the horizon, while applications in automotive displays and the increasing maturity of full-color AR glasses solutions are expected to propel Micro LED chip revenue to $489.5 million by 2028.

Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced a package of rules designed to further impair the People’s Republic of China’s (PRC) capability to produce advanced-node semiconductors that can be used in the next generation of advanced weapon systems and in artificial intelligence (AI) and advanced computing, which have significant military applications. This action is a proactive measure enhancing the Department of Commerce’s work to impede the PRC’s ability to procure and produce the technologies necessary for its military modernization.

MILPITAS, Calif. – December 2, 2024 – Global semiconductor equipment billings increased 19% year-over-year to US$30.38 billion in the third quarter of 2024, while quarter-over-quarter billings registered 13% growth during the same period, SEMI announced today in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report

SEOUL, Dec. 2 (Yonhap) -- Rebellions Inc. and Sapeon Korea Inc., two artificial intelligence chipmakers in South Korea, have completed their merger process and established an integrated company, company officials said Monday.