Welcome to Moov Technology's Semiconductor Industry Investment Roundup. This is #007 of a bi-weekly series that will cover highlights from recent investment news.
For more industry news connect & follow Moov Technologies on LinkedIn at: https://www.dhirubhai.net/company/moov-technologies-inc
- German packaging manufacturer Papier-Mettler is investing $48 million in a plant in Moorefield, West Virginia, and expects to create 100 jobs. Papier-Mettler acquired an industrial building in May for the company’s first U.S. production plant. https://www-wtap-com.cdn.ampproject.org/c/s/www.wtap.com/2022/06/28/german-companys-new-west-virginia-plant-create-100-jobs/?outputType=amp
- GlobiTech will establish an additional manufacturing facility in Sherman, Texas.GlobiTech provides silicon epitaxy products and services to the worldwide semiconductor industry and it plans to build a $5 billion factory in Texas. ?A Texas Enterprise Fund (TEF) grant of $15 million has been extended to GlobiTech. In addition, GlobiTech has been offered a $10,000 Veteran Created Job Bonus. This project will create 1,500 new jobs and generate billions of dollars in capital investment. https://www.ntxe-news.com/artman/publish/article_129585.shtml
- Intel indefinitely delays Ohio chip factory groundbreaking over government subsidy gridlock: the company said that it still plans to build the chip factory, but the scope of its investment will be dependent on government support. Intel said that the delay was due in part to uncertainty around chips-related legislation, in particular, the Bipartisan Innovation Act and the CHIPS Act. Both the US Senate and House have passed versions of the act that would provide $52 billion in funding for semiconductor companies, including Intel. However, progress on reconciling the two versions has stalled. https://www.datacenterdynamics.com/en/news/intel-indefinitely-delays-ohio-chip-factory-groundbreaking-over-government-subsidy-gridlock/
- NXP said it could invest nearly $2.7 billion in its facility at 3501 and 3949 Ed Bluestein Blvd in Austin, Texas, and plans to construct a four-story semiconductor wafer fabrication building. NXP Semiconductors NV is the latest company to come to the table with major plans. submitted two incentives applications, proposing to renovate or expand fabrication space at either of its existing campuses: a 153-acre site in Southwest Austin and a 78-acre site in far East Austin.? https://www.bizjournals.com/austin/news/2022/06/29/big-takeaways-from-nxp-chapter-313-applications.html
- Belgium-based semiconductor company Swave secures €7M to bring the metaverse to life: Leuven, Belgium-based Swave, a fabless semiconductor company that designs and markets holographic chips based on proprietary diffractive photonics technology, announced on Tuesday that it has raised €7M in a Seed round of funding. ?https://siliconcanals.com/crowdfunding/swave-secures-7m/
- India to invest $30 billion in tech sector, semiconductor supply chain:? The investment initiative aims to boost local production of semiconductors, displays, advanced chemicals, networking and telecom equipment, as well as batteries and electronics. https://economictimes.indiatimes.com/tech/technology/india-to-invest-30-billion-in-tech-sector-semiconductor-supply-chain-report/articleshow/92243988.cms
- U.S. semiconductor manufacturer GlobalFoundries—the third-largest contract chipmaker in the world—is investing $4 billion to build a new production site in Singapore, where the company currently manufactures 40% of its chips. https://fortune.com/2021/06/23/global-foundries-singapore-investment-global-chip-shortage-semiconductor-shortage/
- TSMC to invest $120 billion In semiconductor expansion: TSMC has been the world’s largest contract chip manufacturer for several years and its dominance may remain unchallenged for years to come. The Taiwanese giant recently completed the construction of four new chip fabrication facilities in the Southern Taiwan Science Park to expand its manufacturing capacity. It is now looking to erect four more fabs in the industrial park, Nikkei Asia reports. Each new plant will cost around $10 billion. TSMC is reportedly looking to invest around $120 billion to strengthen its grip on the global semiconductor market https://www.androidheadlines.com/2022/06/tsmc-invest-120-billion-dollar-semiconductor-expansion-new-fabs.html
- China approves SK Hynix's acquisition of Key Foundry: Chinese regulators have approved SK Hynix's acquisition of Key Foundry. SK Hynix will more than double its foundry production capacity through the Key Foundry acquisition. https://english.etnews.com/20220627200001
- Foxconn plans investment in semiconductor, and consumer electronics in Maharashtra India According to the government of Maharashtra, the state secured more than ?6 lakh or $7,606.55 USD crore worth of investments and has also allocated industrial land, infrastructure, and facilities to more than 80% of these investors in record time. Foxconn, the largest electronics manufacturer in the world held a meeting on Friday with the ministerial delegation from Maharashtra and discussed the advanced investment plans in the semiconductor and consumer electronic segment. https://www.livemint.com/news/india/foxconn-plans-investment-in-semiconductor-consumer-electronics-in-maharashtra-11656228790826.html
