Monthly Archives: August 2024

[News] Samsung’s Chip Head Raises the Urgency to Reform Company Culture to Avoid Vicious Cycles

Posted on 2024-08-02 by TrendForce

According to a report from Bloomberg, Jun Young-hyun, head of Samsung’s chip business, recently sent a stern warning to employees about the need to reform the company’s culture to avoid falling into a vicious cycle. Jun stated that the recent improvement …

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[News] Japan’s “Silicon Island” Reawakening? Taiwanese Semiconductor Companies Follow TSMC to Kyushu

Posted on 2024-08-02 by TrendForce

According to a report by the Commercial Times, while TSMC, the global foundry leader, has established a plant in Kikuyo, Kumamoto City, Kyushu. ASE Technology Holdings (ASE), a giant in packaging industry, is setting up a plant in Kitakyushu as well. With …

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[News] Funding for Applied Materials’ USD 4 Billion R&D Center Reportedly Denied by the U.S. Government

Posted on 2024-08-02 by TrendForce

Semiconductor giants like Intel, TSMC, Samsung and Micron have received huge amount of grants from the U.S. government, funded through the CHIPS and Science Act. However, chip making equipment maker Applied Materials is said to be in a different scenario. …

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[News] Intel’s Earnings Fall Short, Cutting Over 15% of Workforce

Posted on 2024-08-02 by TrendForce

Intel not only reported earnings and forecasts that fell short of Wall Street expectations but also announced plans to cut more than 15% of its workforce, halt dividend payments for Q4 2024 (October-December), and reduce its full-year capital expenditure forecast …

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[News] U.S. Manufacturing PMI Drops to Eight-Month Low, Reflecting Weak Demand and Output

Posted on 2024-08-02 by TrendForce

The Institute for Supply Management (ISM) released the Manufacturing Purchasing Managers’ Index (PMI) for July on August 1st. The report indicated that the Manufacturing PMI was 46.8 in July, down from 49.3 in June and below the market expectation of …

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