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The European Commission declared its intention to support an advanced domestic semiconductor ecosystem via the European Chips Act. Recently, Intel, TSMC, and Samsung have expressed interest in establishing capacity in the region.

Technavio, a market research company, expects Vietnam’s semiconductor industry will reach $6.16 billion in value by 2024. The country’s domestic chip sector is growing at a healthy rate due to robust government and corporate investments.

Intel CEO Pat Gelsinger reiterated the corporation’s intent to build a massive semiconductor factory in Europe within this decade. He also outlined its plans to modernize the automotive sector’s chip manufacturing processes.

Semiconductor Manufacturing International Corporation (SMIC) announced it would spend $8.87 billion establishing a new 12-inch fab in Shanghai. It is also expanding the production capabilities of its other Chinese fabrication sites.

Taiwan Semiconductor Manufacturing Corporation (TSMC), the world’s leading foundry service provider, plans to increase its fees by up to 20 percent starting in January 2022. That development will likely result in higher costs in several end markets.

Western Digital is reportedly in advanced talks to merge with Kioxia Holdings. However, the deal might not happen because of a long-planned IPO, international trade tensions, and market competition concerns.

Foxconn, Apple’s chief iPhone assembler, purchased a chip factory from Macronix International for $91 million. The corporation intends to use the fab to bolster its electric vehicle manufacturing ambitions.

Manufactures across the world have increased their parts orders in the wake of the global chip shortage. Is that stockpiling trend creating a new semiconductor inventory glut?

Intel has plans to reassert its position as the semiconductor industry’s foremost provider next year. It intends to launch a new high-performance consumer GPU, and multiple data center products made with TSMC’s 3nm node.

Industry analysts forecast the worldwide semiconductor industry will generate $527 billion in revenue in 2022, up 8.8 percent from this year. The changes made to facilitate that expansion will greatly impact OEMs, CMs, and EMS providers.