Foxconn chairman Young Liu’s visit to Tamil Nadu, where he was driven by the state’s industry minister, has sparked speculation about potential major investments, including a semiconductor plant. The visit, which included a detailed pitch about the state’s strengths and capabilities, suggests that Tamil Nadu is actively vying for Foxconn’s business.
Onto Innovation (ONTO) stock is thriving, fueled by increasing demand for its Dragonfly inspection systems used in advanced packaging for AI chips. The company’s strong financial performance, driven by its AI packaging customers and new product launches, is propelling its growth. Despite headwinds, ONTO’s future looks promising with continued investments in AI technologies.
SK hynix is developing 4F2 (square) DRAM, a 3D structure similar to Samsung’s VCT, to combat soaring EUV process costs. This vertical stacking technology promises to reduce die surface area by 30% and potentially halve EUV costs, paving the way for more efficient and cost-effective DRAM production.
NEO Semiconductor has introduced its groundbreaking 3D X-AI chip technology, designed to transform AI processing by integrating AI capabilities directly into 3D DRAM, eliminating data transfer bottlenecks and boosting performance. This innovation promises to significantly enhance the efficiency and power consumption of AI chips, paving the way for advanced AI applications.
Indian conglomerate Larsen & Toubro (L&T) has announced the acquisition of fabless semiconductor design company SiliConch Systems for Rs 183 crore. The acquisition, which is expected to be completed by September 15th, will see L&T Semiconductor Technologies acquire a 100% stake in SiliConch. This move aims to bolster L&T’s presence in the fabless semiconductor business by leveraging SiliConch’s IP, engineering skills, and design expertise.
European chip manufacturer STMicroelectronics has lowered its full-year sales guidance due to shrinking demand from automotive, laptop, and smartphone industries. The company, which counts Tesla and Apple among its customers, now expects revenue of $14 billion to $15 billion for 2024, significantly below its previous forecast of $15.9 billion to $16.9 billion.
