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Semiconductor

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Clay milestone marks a leap in Central New York's chip ambitions
local1 day ago

Clay milestone marks a leap in Central New York's chip ambitions

Micron poured the first concrete at its Town of Clay semiconductor campus, signaling progress on a project that has grown from a $100 billion promise to about a $250 billion investment for four fabs. The site is planned to become the largest U.S. semiconductor facility, with construction shifting toward the second fab in 2028. The initiative is expected to create up to 100,000 jobs nationwide (about 50,000 in New York and 9,000 direct Micron roles), and was celebrated by Gov. Hochul and local officials as a milestone for Central New York.

via WSTM|
#central-new-york#jobs#local
Clay chip plant milestone: Micron pours foundation ahead of schedule
technology2 days ago

Clay chip plant milestone: Micron pours foundation ahead of schedule

Local, state and federal leaders attended the concrete foundation pour for Micron’s first Clay fabrication plant, a milestone the company says arrived sooner than planned. The project is moving ahead of schedule, with construction on the second of four fabs planned for 2028; once complete, the site is expected to be the largest chip plant in the United States, with manufacturing beginning around 2029–2030 and full completion anticipated by the early 2040s.

via WSTM|
#clay#construction#fabrication
ON Semiconductor to Acquire Synaptics for $7B to Accelerate Physical AI
technology15 days ago

ON Semiconductor to Acquire Synaptics for $7B to Accelerate Physical AI

ON Semiconductor agreed to acquire Synaptics in a nearly $7 billion all-stock deal, its largest to date, to boost its physical AI capabilities and expand its total addressable market to about $243 billion by 2030. Synaptics shareholders will receive 1.350 ON Semiconductor shares per Synaptics share, and a Synaptics board seat will be added to ON Semiconductor’s board. The deal is expected to close mid-2027 as both companies push to strengthen AI-enabled computing ecosystems; ON Semiconductor’s stock fell about 6% after hours while Synaptics rose about 13%.

via CNBC|
#acquisition#ai#onsemi
Nvidia Acquires $5 Billion Stake in Intel
business6 months ago

Nvidia Acquires $5 Billion Stake in Intel

Intel sold a $5 billion stake to Nvidia, acquiring 214.8 million shares at $23.28 each, marking a significant cross-shareholding in the semiconductor industry. The deal provides Intel with a financial boost to support its restructuring and technological investments, while Nvidia gains strategic and financial exposure to Intel's recovery and growth. Investors will monitor Intel's upcoming earnings and capital plans for further insights.

via Yahoo Finance|
#business#intel#investment
Federal Government Ends $285M Contract with Durham CHIPS Institute
business6 months ago

Federal Government Ends $285M Contract with Durham CHIPS Institute

The U.S. federal government has terminated a $285 million contract with Durham-based Smart USA Institute for the CHIPS Act project, citing 'convenience,' despite the company meeting all performance targets. The project aimed to boost domestic semiconductor manufacturing and incorporate AI technologies like digital twins. Smart USA is now planning next steps after the funding loss.

via WRAL|
#business#chips-act#durham
Global Markets Drop Amid AI Bubble Concerns and US Election Uncertainty
business8 months ago

Global Markets Drop Amid AI Bubble Concerns and US Election Uncertainty

A global selloff in semiconductor stocks has erased approximately $500 billion in market value due to concerns over high valuations and the sustainability of earnings growth amid rising interest rates, with major chipmakers and tech giants experiencing significant declines, signaling a potential correction after a rapid rally driven by AI demand.

via Bloomberg.com|
#ai-boom#business#market-selloff