Latest Semiconductor News Released on July 23 to 29, 2023

Ams-Osram to exit noncore semiconductor businesses

Austrian electronics company Ams-Osram said late Thursday that it plans to exit its noncore semiconductor businesses, sharpening its focus on its profitable operations of differentiated smart sensor and emitter components. The company is strategically aligning its business with the goal of expanding in areas where it can excel in the automotive, industrial and medical semiconductor markets, as well as in the consumer device semiconductor market.

ASM International NV reports second quarter 2023

ASM International announced financial results for second quarter 2023. Normalized net earnings for the second quarter 2023 were €161 million, down from €164 million in Q2 last year, and included a translation gain of €8 million compared to a translation gain of €26 million in Q2 2022 and a translation loss of €7 million in Q1 2023. The decline in new orders was due to weaker market conditions and delays in leading-edge logic/foundry orders, which were mentioned in the Q1 2023 report.

TSMC to invest $2.9 billion in advanced chip packaging plant for AI

TSMC), the world's largest contract chipmaker, plans to invest about NT$90 billion (US$2.9 billion) to build an advanced CoWoS packaging plant on Taiwan. It is expected to be completed by the end of 2026 and mass production will begin in the third quarter of 2027. After having nearly two months of cross-ministerial consultations, the Zhuke Management Bureau has officially issued a letter a few days ago, agreeing that TSMC will acquire about 7 hectares of land in the Zhuke Tongluo Park.

Germany earmarks €20 billion for chip semiconductor industry

The German government readies 20 billion euros to boost the country's semiconductor production. The move is aimed at strengthening the country's tech industry and ensuring a steady supply of key components amid heightened geopolitical instability. According to Bloomberg, a significant portion of these funds, around 75%, are earmarked for multinationals such as Intel in the US and TSMC in Taiwan.

India accuses Xiaomi, Oppo, and Vivo of tax evasion for Rs 9,000 crore

Chinese smartpone makers, including Xiaomi, Oppo, and Vivo India have been found evading taxes to the tune of Rs 9,000 crore in India, the goverment has said in Parliament, according to a CNBC report on July 21. The report also stated that the Indian tax authorities were able to retrace only 18% of the total amount evaded by these companies.

MaxLinear unexpectedly terminates deal for Silicon Motion Technologies

MaxLinear terminated the merger with Silicon Motion Technologies. Since the two parties signed the acquisition agreement on May 5, 2022, after more than a year of anti-monopoly approval, they finally obtained the approval of China’s State Administration for Market Regulation on July 26 this year. However, MaxLinear the next morning suddenly issued a press release announcing that it had terminated the transaction.

The VW brand has concluded a technological framework agreement with XPENG

Volkswagen has signed an agreement with XPENG to invest about $700 million in the Chinese EV maker, acquiring about 4.99 percent of the latter's equity at a price of $15 per ADS, according to statements from the two. In the early stage of cooperation, the two parties will plan to target China's medium-sized car market and jointly develop two electric models of the Volkswagen brand, which are planned to be launched in 2026. At the same time, Volkswagen also announced that the Audi brand will cooperate with SAIC Motor.