The global wafer foundry industry will grow by a compound annual growth rate (CAGR) of 11.5% from 2024 to 2029, reaching US$270 billion, driven by AI and high-performance computing (HPC) applications that will gear up demand for advanced processes and advanced packaging making them the primary growth driver for the sector, according to DIGITIMES Research's latest report forecasting the global wafer foundry industry performance until 2029.

Nov 22 (Reuters) - Robert Bosch (ROBG.UL) said on Friday the company plans to cut up to 5,550 jobs, the latest sign of struggle in Germany's creaking auto sector, which is grappling with competition from cheaper Chinese rivals and weak demand.

AMSTERDAM, Nov 22 (Reuters) - The European Commission should expand plans to strengthen its computer chip sector to include "foundational and legacy" semiconductors, where much of the region's strengths lie, the head of industry group ESIA said on Friday.

Nov 21 (Reuters) - China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with the matter.
The telecoms conglomerate has sent samples of the Ascend 910C - its newest chip, meant to rival those made by U.S. AI chipmaker Nvidia (NVDA.O), opens new tab - to some technology firms and started taking orders, the sources told Reuters.

Projects in Georgia, California, and Arizona aim to strengthen America’s leadership in cutting-edge substrate technology for critical industries like AI

AMSTERDAM, Nov 20 (Reuters) - The chief executive of European computer chipmaker STMicroelectronics (STMPA.PA), opens new tab on Wednesday announced new plans to partner with Chinese foundry Hua Hong (688347.SS), opens new tab, arguing that having local manufacturing in China is vital to its competitive position.

CHIPS Investment of Up to $1.5 Billion Will Support Multiple Projects in New York and Vermont and Create Approximately 10,000 Good Construction and Manufacturing Jobs

Government to support chipmaker in push for mass production in 2027

Neubiberg, Germany and Broomfield, Colorado, USA, 19 November 2024 – Infineon Technologies AG, a global leader in semiconductor solutions, and Quantinuum, a global leader in integrated, full-stack quantum computing, today announced a strategic partnership to develop the future generation of ion traps. This partnership will drive the acceleration of quantum computing and enable progress in fields such as generative chemistry, material science, and artificial intelligence.

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it would not comment on any pending legal action after more than a dozen current and former US employees filed a class action lawsuit accusing the chipmaker of discriminatory hiring practices.