Lattice Semiconductor Corporation (LSCC) shares climbed significantly on Monday after the company announced the appointment of Ford Tamer as its new CEO. Tamer, with extensive experience in the semiconductor industry, succeeds Esam Elashmawi, who will now focus on his role as Chief Strategy and Marketing Officer. The company also reaffirmed its previous guidance for the third quarter of 2024, with revenue expectations between $117 million and $137 million.
Samsung, the world’s largest memory chipmaker, is collaborating with TSMC, the global leader in contract chip manufacturing, to develop bufferless HBM4 memory for future AI chips. This strategic partnership aims to solidify their dominance in the evolving AI chip market.
Marvell Technology (MRVL) is a semiconductor stock experiencing hype due to its rapid data center revenue growth. While its overall performance lags behind the sector, analysts see significant upside potential. This article dives into Marvell’s revenue sources and growth strategies, highlighting its strong position in the custom computing market, particularly in ASICs. However, it also analyzes the competitive landscape, focusing on the challenges posed by Broadcom.
Micron Technology’s stock took a significant hit on Tuesday, falling 8% due to broader market sell-offs triggered by disappointing economic data. While the recent downturn might make investors hesitant, Micron’s strong fundamentals and growth potential in the memory and storage solutions market, particularly in the rapidly growing AI sector, warrant holding onto the stock.
Applied Materials has appointed Florent Ducrot as the new Head of European Operations. Ducrot brings over 30 years of experience in the semiconductor industry, including 21 years at Applied Materials, where he has led initiatives that contributed to significant growth in the company’s services business. Ducrot succeeds James Robson, who is retiring after over 35 years at Applied.
Taiwan Semiconductor Manufacturing Company (TSMC) is planning to build its third chip manufacturing facility in Japan by 2030, following the successful launch of its first two plants in the country. The move comes as part of Japan’s strategy to strengthen its semiconductor supply chains and solidify its position in the industry.
India’s Cabinet Committee on Security has approved two significant deals: procurement of 240 aero-engines for the Indian Air Force’s Su-30 MKI fighter jets and the establishment of a semiconductor unit in Gujarat. The aero-engine deal, worth ₹26,000 crore, will strengthen India’s air power and defense preparedness, while the semiconductor unit will boost domestic chip production for various industries.
Monday, September 2nd, brought a flurry of news across India, from record-breaking stock market gains to government approvals for major projects and the launch of a new SUV. Read about these developments and more in this news roundup.
Tamil Nadu Chief Minister M K Stalin is set to sign an MoU with Applied Materials, a leading semiconductor equipment company, to establish an advanced AI-powered technology development center in Chennai. This initiative aims to boost the state’s semiconductor ecosystem, create high-skilled jobs, and contribute to Tamil Nadu’s goal of becoming a leading hub for semiconductor manufacturing.
Lip-Bu Tan, former CEO of Cadence Design Systems and a board member of Intel Corp, has resigned from the board, citing a need to reprioritize his commitments. This news comes as Intel faces challenges including a decline in revenue and a cost-reduction plan involving headcount cuts. Tan joined Intel’s board in September 2022 and was a member of the mergers and acquisitions committee.
