Industry News

Samsung recently revealed it would establish a new 5nm production line in its Pyeongtaek, South Korea fab to address the global chip crisis. It also made a deal to develop next-generation automotive semiconductors with Hyundai.

Qualcomm reportedly inked a six-year foundry services agreement with United Microelectronics Corporation (UMC), a Taiwanese contract chipmaker, to bolster its supply chain. However, the deal might create long-term problems for small and midsized OEMs.

Foxconn and Stellantis announced plans to form a new company called Mobile Drive. The new firm will develop digital cockpit platforms that include integrated 5G connectivity among other next-generation features.

GlobalFoundries recently inked a three-year, $1.6 billion wafer supply deal with AMD. It also entered a new partnership with Raytheon to develop 5G and 6G wireless networking components.

The South Korean government recently announced its domestic semiconductor manufacturers are investing $451 billion to upgrade their capabilities through 2030. Samsung is leading the way with a $150.9 billion expenditure.

AlixPartners, a global consulting group, estimates the global component shortage will reduce the auto industry’s revenue by $110 billion in 2021. It previously pegged the sector’s annual losses at $60.6 billion.

A raw materials shortage is the latest setback for the global components industry. See how this, coupled with the ongoing automobile components shortage, will further impact supply chains around the world.

IBM recently made history by developing a process to manufacture 2nm semiconductors. Its innovation paves the way for a new generation of consumer and commercial electronics.

A new group of top chipmakers and Big Tech firms recently asked Washington to ramp up funding for the American semiconductor industry.

Intel will spend $4.1 billion to expand and modernize its manufacturing capabilities in New Mexico and Israel. It is making the upgrades as part of its IDM 2.0 initiative.