LOS ANGELES (AP) — Siemens plans to invest $285 million in manufacturing in the United States, the tech company said Thursday, including two new facilities in California and Texas.

The U.S. is the largest market for the company. The recent investments in the Siemens’ U.S. manufacturing footprint and the planned acquisition of Altair, a Michigan-based software company, mark more than $10 billion in investment in the U.S.

(Bloomberg) -- US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected President Donald Trump’s call to revoke the 2022 Chips Act, signaling that any repeal effort in Congress would fall short.

Senate Democratic Leader Chuck Schumer, who negotiated the law, predicted Wednesday that Trump’s demand would fail, while a top Republican proponent, Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running.

WASHINGTON—Mar. 6, 2025—The Semiconductor Industry Association (SIA) today announced global semiconductor sales hit $56.5 billion during the month of January 2025, an increase of 17.9% compared to the January 2024 total of $47.9 billion and 1.7% less than the December 2024 total of $57.5 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

MANCHESTER, N.H., March 06, 2025 (GLOBE NEWSWIRE) -- Allegro (NASDAQ: ALGM) ("Allegro" or the "Company") today confirmed that it received an unsolicited proposal from onsemi to acquire Allegro for $35.10 per share in cash on February 12, 2025. The Allegro Board of Directors reviewed the proposal, in consultation with its independent financial and legal advisors, and determined that the proposal was inadequate.

SINGAPORE: A new S$500 million (US$374 million) semiconductor fabrication research and development facility will be located in JTC nanoSpace @ Tampines and begin operations in 2027.

To remain a semiconductor powerhouse, Singapore must invest in research and development to drive innovation in the industry, Deputy Prime Minister and Minister of Trade and Industry Gan Kim Yong said on Thursday (Mar 6).

Boston Scientific led a $175 million investment in heart disease device developer 4C Medical Technologies.
The investment, which 4C Medical disclosed Wednesday, will support an ongoing pivotal trial of the company’s transcatheter mitral valve replacement device in the U.S. and Europe.
4C Medical’s focus on minimally invasive therapies for structural heart disease aligns with Boston Scientific’s activities.

SEOUL, March 6 (Yonhap) -- Chip giant SK hynix Inc. said Thursday it has decided to withdraw from the image sensor business for smartphones and digital cameras to focus on artificial intelligence (AI) memory in a bid to strengthen its competitiveness as a leading AI memory provider.

"In order to solidify our position as a global AI company, we will integrate the image sensor business unit into the AI memory business," SK hynix said in a release.

The company said the decision will allow it to sharpen its focus on AI memory and establish itself as a "full-stack AI memory provider," offering a broad array of AI-centric memory products and technologies.

GlobalWafers Co (環球晶圓), the world’s third-largest silicon wafer supplier, yesterday said it would take longer for the company’s new US fabs to break even if it did not secure chip subsidies from the US government as estimated previously.

The company’s remarks came as US President Donald Trump’s call yesterday to scrap the US CHIPS and Science Act, or the US$52 billiion semiconductor subsiday program, stoked concerns about the profitability of its two new advanced fabs in Texas and Missouri.

KUALA LUMPUR: British chip giant Arm Holdings signed an agreement with Malaysia on Wednesday (Mar 5) to bolster the Southeast Asian country's efforts to produce high-end semiconductors amid the US-China tech trade war.

Malaysia is a key player in the vital chips sector but has been largely focused on packaging, assembly and testing services - the lower end of the market.

The agreement will see Softbank-owned Arm provide chip designs and other technology, helping Malaysia to move into more value-added production such as wafer fabrication and integrated circuit design.

WASHINGTON, March 4 (Reuters) - President Donald Trump said on Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt.

"Your CHIPS Act is a horrible, horrible thing. We give hundreds of billions of dollars and it doesn't mean a thing. They take our money and they don't spend it," Trump said in a speech to Congress. "You should get rid of the CHIPS Act and whatever is left over, Mr. Speaker, you should use it to reduce debt."