South Korean gov’t announces increase in chips industry support package amidst incoming US tariffs
Government also approved Samsung’s request to increase work week for chip employees above legal maximum
Government also approved Samsung’s request to increase work week for chip employees above legal maximum
Funding package made up of new and previously announced investments
Intel first acquired the FPGA chip company in 2015 for $16.7bn
Group working to establish an open industry standard for AI interconnect solutions
Funding round included participation from European Innovation Council
Startup has raised $72.5m since founding in 2020
Company had previously disclosed plans to pass on tariff-related costs to customers
Deal could see TSMC take 20 percent stake in Intel’s foundry operations
Chipmaker has 28 days to make a decision
Funds will be used to support company’s growth in the US
Plans to expand the collaboration already underway
Has met its “currently anticipated capital needs”
Will start new role on March 18
Brings total raised by the company to $515m
Nvidia, AMD, Qualcomm, and Broadcom have all been approached, sources claim
First facility due to come online in Q2 2025
CFO Marie Myers said “recent tariff announcements have created uncertainty for our industry”
Titania chiplet uses Digital In-Memory Computing architecture
US chipmaker says it has made “numerous attempts” to enter into a dialogue about a potential acquisition
Company claims it can provide pathway to one million qubit processors
Angel investors provide cash to develop technology
Part of struggling company’s cost-cutting and restructuring efforts
Company says it is delivering on promise of 100MW of installed capacity in 2025
Facility will support country’s long-term semiconductor vision