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Chip Plant

All articles tagged with #chip plant

technology2 years ago•1 min saved

Samsung and ASML Announce $760 Million Investment in Advanced Chip Plant in South Korea

Samsung Electronics and ASML, a Dutch chip-making equipment manufacturer, will jointly invest $760 million to build a cutting-edge semiconductor processing plant in South Korea. The investment aims to develop advanced chip technology and forge a "semiconductor alliance" between the two countries. ASML is the world's only producer of extreme ultraviolet (EUV) lithography machines, crucial for manufacturing advanced chips. South Korean chipmakers, including Samsung and SK Hynix, rely on ASML's technology. The collaboration also aims to reduce power usage and costs for EUV machines through hydrogen gas recycling technology. The partnership is seen as a crucial turning point for the Korea-Netherlands semiconductor alliance amid growing geopolitical risks surrounding global supply chains.

via CNBC|

#asml #chip-plant #samsung

business3 years ago•2 min saved

Berlin and Intel reach agreement on chip plant subsidies.

Germany will grant Intel 10 billion euros ($10.91 billion) in subsidies for its planned factory in Magdeburg, as the country seeks to attract foreign investment and reduce dependence on Asian supply chains. The signing of the agreement is scheduled for Monday, with both Chancellor Olaf Scholz and Intel CEO Pat Gelsinger present. The investment reflects the high cost of energy and labour in Europe's largest economy. Intel has been investing billions in building factories across three continents to restore its dominance in chip making and better compete with rivals AMD, Nvidia and Samsung.

via Reuters|

#business #chip-plant #germany

business3 years ago•0 min saved

Intel to Invest $25bn in Israel Chip Factory, Says Netanyahu.

Intel plans to invest $25bn in upgrading its chip plant in Israel, according to Israeli Prime Minister Benjamin Netanyahu. The investment is expected to create thousands of jobs and boost the country's economy.

via Financial Times|

#business #chip-plant #intel

technology3 years ago•2 min saved

Samsung Executive Charged with Stealing Plans for Copycat Chip Plant in China

A former Samsung executive has been indicted on charges of stealing company secrets to build a copycat chip plant less than a mile away from Samsung's in Xi'an, China. The man, along with six others, was charged with "active participation" in the alleged tech theft. The technology stolen would have been worth at least $233 million for Samsung. Plans to establish a copycat factory had begun to make progress before prosecutors intervened.

via Business Insider|

#china #chip-plant #samsung

technology3 years ago•0 min saved

Samsung Executive Accused of Stealing Tech for China Chip Factory

A former Samsung executive has been accused of stealing intellectual property related to the company's chip-making technology and using it to set up a rival plant in China. The executive, who left Samsung in 2019, allegedly took the technology with him and used it to recreate the plant in China, which is now producing chips for use in smartphones and other devices. Samsung has filed a lawsuit against the executive and his new company, alleging theft of trade secrets and breach of contract.

via Financial Times|

#china #chip-plant #intellectual-property

business3 years ago•1 min saved

Germany Rejects Intel's Request for More Subsidies for Chip Plant

Germany's Finance Minister Christian Lindner is refusing Intel's demands for higher subsidies for a 17-billion-euro ($18-billion) chip plant, saying the country could not afford it. The company was due to receive 6.8 billion euros in government support for its fabrication plant in Germany. However, due to higher energy and construction costs, it is now demanding about 10 billion euros. Intel is among several chipmakers seeking government funding to build factories in Europe.

via Reuters|

#business #chip-plant #germany