Chip designer Arm’s workforce nearly halves despite SoftBank promise October 4, 2022 British semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner SoftBank. Japanese investment giant SoftBank promised the UK government that it would help support the chipmaker in becoming a wafer-powerhouse, when it first bought the company in 2016. At the time, SoftBank said it would [...]
Semiconductor supply to be tight until end of 2023, says Stellantis boss October 2, 2022 The supply of critical semiconductors is expected to remain tight until the end of next year, the boss of Fiat carmaker Stellantis said today. Speaking to French newspaper Le Parisien, Carlos Tavaresn said: “The situation will remain very complicated until the end of 2023, then will ease a little. “Semiconductor manufacturers have an interest in making [...]
UK chips strategy must lure investment, says Dell executive September 9, 2022 The UK’s semiconductor strategy must make the country a more attractive destination for investment, a Dell executive has told City A.M. “We would like a business friendly, technology friendly environment, where it’s easier for us to invest more and its easy for us to see opportunities for us to make a positive difference,” Adrian McDonald, president for Europe, [...]
When the chips are down: Samsung boss warns of weakening demand September 7, 2022 The global semiconductor industry may take a turn for the worse after years of steadily rising demand, the CEO of Samsung Electronics has warned. Semiconductors, or computer chips, are used in most of today’s technology and are a critical component in electric vehicles. “The second half of this year looks bad, and as of now, [...]
UK chips sector can compete with Taiwan with a US-style strategy, says IQE boss September 6, 2022 A strategy to rival the US’ Chips Act would allow the UK to compete with the likes of Taiwan, China and the States, the CEO of chipmaker IQE has told City A.M. today. “It would really position IQE and the UK as a world leader of compound manufacturing,” Americo Lemos said. “It would allow the [...]
Government delays national security call on Nexperia’s takeover of Newport Wafer September 5, 2022 The government has pushed back its decision to approve or block the £63m takeover of the UK’s biggest computer chip maker by Chinese-owned Nexperia. Business secretary Kwasi Kwarteng had been expected to publish his decision on the deal for Newport Wafer Fab today, using fresh powers from the National Security and Investment Act which passed [...]
US blocks chip duo from selling certain chips to China and Russia September 1, 2022 The US has successfully blocked two American chip companies, Nvidia and AMD, from selling certain chips to China and Russia. As part of the country’s newly passed $52bn Chips Act, companies taking advantage of the support and desirable subsidies package on US soil must comply with a new regulation – which seeks to limit the supply of [...]
Investors draw up rescue bid for Newport Wafer should Nexperia takeover be blocked August 29, 2022 Computer chip investors are reportedly drawing up plans for a rescue bid of Newport Wafer Fab, should its £63m takeover by Nexperia be blocked by the government. The co-founder of Headlight Technology Partners, which focuses on semiconductor investments, Alex Stewart, told the Telegraph that the newly established fund wants to “try and be part of [...]
EXCLUSIVE: UK semiconductor industry in urgent need of a strategy, say Nexperia, Imagination, IQE and Paragraf August 26, 2022 The UK is in urgent need of a strategy to bolster its semiconductor industry, bosses of some of the country’s biggest chip companies have told City A.M. Maintaining a steady supply of semiconductors will be critical to the electric vehicle transition and roll out of 5G infrastructure. The long-awaited strategy is expected to be published [...]
Arm CEO: UK’s semiconductor strategy must make it easier to hire overseas talent August 22, 2022 The UK’s upcoming semiconductor strategy must make it easier for overseas talent to work in the country, the boss of British computer chip designer Arm has said today. Speaking to The Times, chief executive Rene Haas said that policy which makes it “easier for engineers to move across borders to be hired” would be “hugely [...]