A weekly roundup of updates in the semiconductor industry (08 - 14 January 2024)
Singapore Semiconductor Start-up Silicon Box Achieves Unicorn Status with
USD 200 million Funding
Singapore's semiconductor start-up, Silicon Box, secured USD 200 million in a Series B funding round, propelling its valuation to over USD 1 billion and granting it unicorn status within just three years of its founding. Specialising in chiplet technology, the company merges multiple smaller chips into a single package, a strategy gaining popularity for its enhanced flexibility, performance, and efficiency, as seen in the practices of industry giants like Apple and AMD.
Historic Move: India to Launch First Homegrown Memory Chip by the End of 2024
India's Union Minister Ashwini Vaishnaw announced a groundbreaking development, revealing that India is on track to unveil its inaugural domestically produced memory chip by the year's end, to be crafted by U.S. chipmaker Micron. A strategic collaboration with South Korea's Simmtech, known for manufacturing high-layer printed circuit boards, will play a pivotal role in supporting Micron's semiconductor plant in Gujarat, marking a significant step toward India's semiconductor self-sufficiency.
Renesas Accelerates Innovation with USD 339 Million Acquisition of Transphorm
Renesas Electronics Corporation has finalised a definitive agreement for the acquisition of Transphorm at a valuation of around USD 339 million. This strategic move equips Renesas with in-house Gallium Nitride (GaN) technology, positioning the company to tap into burgeoning markets like electric vehicles, computing (data centres, AI, infrastructure), renewable energy, industrial power conversion, and fast chargers/adapters.
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