A biweekly roundup of updates in the semiconductor industry (05 - 18 February 2024)
Stellantis to Invest USD 116 Million to Boost Hungary Plant for Electric Drive Modules
Stellantis is set to invest USD 116 million in enhancing the production capacity of electric drive modules (EDMs) at its Szentgotthárd facility in Hungary, with the expanded capacity set to be operational by late 2026. These EDMs will be integrated into vehicles built on Stellantis' forthcoming battery EV-centric platform, known as STLA.
Intel to Establish a State-of-the-art Semiconductor Fabrication Plant in Ireland
Intel Corporation has unveiled plans to establish a state-of-the-art semiconductor fabrication plant in Ireland, signaling its intent to broaden its global manufacturing presence and rival market leader TSMC. This new facility is poised to meet the escalating need for next-generation chips, reflecting Intel's commitment to innovation and market leadership in the semiconductor sector.
Renesas Electronics to Acquire Altium for USD 5.91 Billion
Japanese chipmaker, Renesas Electronics, has announced that it would acquire Australian-listed electronics design firm Altium for USD 5.91 billion in cash. This acquisition not only strengthens Renesas' position in the global semiconductor market but also reflects Japan's broader efforts to enhance competitiveness and supply chain resilience in the face of geopolitical uncertainties.
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Electronics Sales Rebound: IC Sales Surge Expected in 2024
After experiencing their first annual increase since late 2022, electronics sales rose by 1% in Q4 2023, with a projected 3% increase in Q1 of 2024. In tandem, semiconductor sales surged by 10% year-on-year in Q4 2023, and are forecasted to strengthen further with an anticipated 18% year-over-year growth in Q1 2024, signaling a positive trajectory for the semiconductor industry.
SkyQuest Forecast: Semiconductor Packaging Market on the Rise
SkyQuest's report projects the global semiconductor packaging market to soar to a value of USD 41.85 billion by 2030. This surge in demand is driven by the expanding use of semiconductor devices across diverse sectors such as consumer electronics, automotive, industrial, and healthcare, fuelled by the adoption of advanced technologies like artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) in packaging solutions.
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