Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24% short of estimates—while operating revenue fell to 67 trillion won. For the entirety of 2023, the company reported its slimmest operating profit over the past 15 years.

The tech giant’s declining profits come as the demand for smartphones and memory chips continues to remain sluggish, thereby dampening hopes of a market recovery for 2024. “This shows that the rebound is slower than we all thought,” Tom Kang, research director at Counterpoint Technology Market Research said of Samsung’s performance. “Prices are not rising that fast and the demand from certain sectors is not that strong.”

The post Samsung Suffers 35% Profit Decline Amid Weak Chip Market appeared first on theprimarymarket.com.

Named the H20, this chip is the most powerful of the three chips that Nvidia is planning to release in China, developed to comply with the most up-to-date U.S. export restrictions. This delay is expected to set Nvidia back as it fights for market share against the likes of Huawei.

The other two chips planned for release by the company, the L20 and L2, are also built to comply with U.S. export rules. According to confidential sources, the L20 chip is ready to be released as planned without facing any delays.

The post Nvidia Delays Launch of China-Focused AI Chip appeared first on theprimarymarket.com.

Oxford Economics and the Semiconductor Industry Association released a report in July showing that there are expected to be 85,000 new technical jobs available in the industry by 2030. Still, the report projects that up to 80% of these available jobs may go unfilled.

Slowdowns in immigration are proving to be one of the main factors leading to the labor shortage, with foreign workers making up one-third of the semiconductor industry’s labor force.

Taiwan’s TSMC, which was scheduled to open a plant in Arizona in 2024, revealed that a shortage of workers has led the company to postpone its opening. “While we are working to improve the situation, including sending experienced technicians from Taiwan to train the local skilled workers for a short period of time, we expect the production schedule of N4 process technology to be pushed out to 2025,” Chairman Mark Liu explained.

The post American Semiconductor Industry Threatened By Labor Shortage appeared first on theprimarymarket.com.

This latest development is a sharp reversal from SoftBank’s previous announcement in May that Arm’s revenue for the year had increased by 5.7% under International Financial Reporting Standards. Arm is expected to release its latest financials next week under U.S. accounting standards.

Arm’s revenue slip comes as the demand outlook for tech products outside the artificial intelligence (AI) industry remains low. PC, smartphone, and data center markets have all shrunk over the course of 2023. This came as consumers reduced their spending amid high inflation, rising interest rates, and a struggling global economy.

The post Arm’s Full-Year Revenue Falls Ahead of IPO appeared first on theprimarymarket.com.

New orders slumped from 942.7 million euros during the second quarter of last year to 485.8 million euros ($536.2 million) in Q2 of this year. Second quarter net earnings fell from 160.4 million euros a year ago to 151.2 million euros.

“Demand in the memory market continued to be weak in Q2 and is not expected to recover in the remainder of the year”, ASM International revealed in a statement. The semiconductor industry at large has been experiencing a demand slump as geopolitical tensions between China and the United States persist. Supply chain disruptions and a shortage of specialist workers have also slowed production.

ASM International forecasts a third-quarter revenue of 580-620 million euros on a currency-comparable level, compared to 650 million euros a year earlier.

The post Chipmaker ASM International Sees New Orders Almost Halved appeared first on theprimarymarket.com.

TSMC announced the plans to start production of 5-nanometer semiconductors in 2024 at its $12 billion factory back in 2021. The chip maker then committed to open a second plant in the state last year, with the value of its U.S. investment rising to $40 billion. It will mark one of the largest foreign investments in U.S. history.

However, things haven’t gone smoothly for TSMC as expected. The company’s chairman Mark Liu told analysts during an earnings call on Thursday that the production delay is caused by a lack of “skilled workers” that can install the necessary equipment for the production start.

Liu added that TSMC is working on speeding things up and will send workers from their Taiwan plants to give the necessary training to the U.S. technicians.

TSMC’s decision to push back production for one year might have an impact on Apple, considering the company previously announced it will use TSMC chips manufactured in the U.S. for its future products. The iPhone maker might be forced to either bring its own production to a halt or to find alternative suppliers.

The post Chip Maker TSMC Delays Start of Production in Arizona Plant Until 2025 appeared first on theprimarymarket.com.

The world’s biggest maker of tools used for chip manufacturing, Applied Materials aims to have the facility up and running in 2026. It is expected to handle $25 billion worth of research work during its first decade of operation, creating 2,000 jobs in the process.

During its inaugural decade of operation, the Sunnyvale, California-based research center is expected to bring in staff from research universities and major chipmakers alike, including the likes of Intel Corp, Taiwan Semiconductor Manufacturing Co, and Samsung Electronics Co Ltd.

Called the Equipment and Process Innovation and Commercialization (EPIC) Center, the new facility is set to be the size of more than three American football fields. Applied Materials plans to invest in the facility over the next seven years in addition to applying for subsidies from the government through the CHIPS and Science Act.

The post Applied Materials to Invest $4 Billion in Silicon Valley Chip Research Center appeared first on theprimarymarket.com.

Currently backed by Soft Bank Group Corp, Arm will team up with its existing manufacturing partners to develop the new semiconductor. The company, which started designing the chip six months ago, claims that it is “more advanced” than ever before. According to the Financial Times article, the company presently has no plans to license or sell the chip.

Arm has built a new “solutions engineering” team to focus on the development of the chip and other related products. This includes prototype chips for laptops, mobile devices, and other electronics.

News of the company’s plans to develop its own semiconductor comes after Intel Corp stated earlier this month that it would collaborate with Arm to ensure that its mobile phone chips that use Arm’s technology can be made in Intel’s factories.

The post Arm Ltd to Build Its Own Semiconductor appeared first on theprimarymarket.com.

Set to commence at 10 a.m. EDT, Tuesday’s signing will be attended by the auto industry and union leaders, including United Auto Workers President Ray Curry and the chief executives of HP, Intel, Lockheed Martin, and Advanced Micro Devices.

According to White House officials, the bill’s passage is spurring an array of new chip investments. These include Qualcomm’s purchase of $4.2 billion in semiconductor chips from GlobalFoundries’s New York factory and Micron’s $40 billion investment in chip manufacturing, a move that will boost U.S. market share from 2% to 10%.

In addition to advancing the United States’ competitiveness in the chip industry, this bill also aims to help the nation overcome the ongoing global chip shortage. Currently, thousands of American-made vehicles are awaiting the installation of chips, without which production cannot be wrapped up and they cannot be sold.

The post U.S. to Provide Subsidies to Fund Domestic Chip Production appeared first on theprimarymarket.com.

Should the decision to curb China’s semiconductor manufacturing activities be approved, major chipmakers such as South Korea’s Samsung Electronics and SK Hynix will no longer be able to ship technology tools to their factories based in China, thereby preventing the companies from performing important upgrades that are needed for serving customers.

Lee Min-hee, the analyst at BNK Securities, believes that U.S. restrictions could drive prices upwards as supply gets dried up. “Samsung’s China production alone accounts for more than 15% of global NAND flash production … If there’s any production disruption, it will make chip prices surge.”

Together, Samsung Electronics and SK Hynix control more than half of the world’s NAND flash memory chip market. Their China-based factories produce vital components for products of Apple, Amazon, Meta, and Google.

So far, the global chip shortage has caused production disruptions across the automotive and consumer electronics industries. While shrinking consumer demand and several adjustments have helped to ease the effects of this shortage, it is still not fully resolved.

The post U.S. Export Restrictions on Chips From China Could Cause Market Turmoil, Experts Say appeared first on theprimarymarket.com.

Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24% short of estimates—while operating revenue fell to 67 trillion won. For the entirety of 2023, the company reported its slimmest operating profit over the past 15 years.

The tech giant’s declining profits come as the demand for smartphones and memory chips continues to remain sluggish, thereby dampening hopes of a market recovery for 2024. “This shows that the rebound is slower than we all thought,” Tom Kang, research director at Counterpoint Technology Market Research said of Samsung’s performance. “Prices are not rising that fast and the demand from certain sectors is not that strong.”

The post Samsung Suffers 35% Profit Decline Amid Weak Chip Market appeared first on theprimarymarket.com.

Named the H20, this chip is the most powerful of the three chips that Nvidia is planning to release in China, developed to comply with the most up-to-date U.S. export restrictions. This delay is expected to set Nvidia back as it fights for market share against the likes of Huawei.

The other two chips planned for release by the company, the L20 and L2, are also built to comply with U.S. export rules. According to confidential sources, the L20 chip is ready to be released as planned without facing any delays.

The post Nvidia Delays Launch of China-Focused AI Chip appeared first on theprimarymarket.com.

Oxford Economics and the Semiconductor Industry Association released a report in July showing that there are expected to be 85,000 new technical jobs available in the industry by 2030. Still, the report projects that up to 80% of these available jobs may go unfilled.

Slowdowns in immigration are proving to be one of the main factors leading to the labor shortage, with foreign workers making up one-third of the semiconductor industry’s labor force.

Taiwan’s TSMC, which was scheduled to open a plant in Arizona in 2024, revealed that a shortage of workers has led the company to postpone its opening. “While we are working to improve the situation, including sending experienced technicians from Taiwan to train the local skilled workers for a short period of time, we expect the production schedule of N4 process technology to be pushed out to 2025,” Chairman Mark Liu explained.

The post American Semiconductor Industry Threatened By Labor Shortage appeared first on theprimarymarket.com.

This latest development is a sharp reversal from SoftBank’s previous announcement in May that Arm’s revenue for the year had increased by 5.7% under International Financial Reporting Standards. Arm is expected to release its latest financials next week under U.S. accounting standards.

Arm’s revenue slip comes as the demand outlook for tech products outside the artificial intelligence (AI) industry remains low. PC, smartphone, and data center markets have all shrunk over the course of 2023. This came as consumers reduced their spending amid high inflation, rising interest rates, and a struggling global economy.

The post Arm’s Full-Year Revenue Falls Ahead of IPO appeared first on theprimarymarket.com.

New orders slumped from 942.7 million euros during the second quarter of last year to 485.8 million euros ($536.2 million) in Q2 of this year. Second quarter net earnings fell from 160.4 million euros a year ago to 151.2 million euros.

“Demand in the memory market continued to be weak in Q2 and is not expected to recover in the remainder of the year”, ASM International revealed in a statement. The semiconductor industry at large has been experiencing a demand slump as geopolitical tensions between China and the United States persist. Supply chain disruptions and a shortage of specialist workers have also slowed production.

ASM International forecasts a third-quarter revenue of 580-620 million euros on a currency-comparable level, compared to 650 million euros a year earlier.

The post Chipmaker ASM International Sees New Orders Almost Halved appeared first on theprimarymarket.com.

TSMC announced the plans to start production of 5-nanometer semiconductors in 2024 at its $12 billion factory back in 2021. The chip maker then committed to open a second plant in the state last year, with the value of its U.S. investment rising to $40 billion. It will mark one of the largest foreign investments in U.S. history.

However, things haven’t gone smoothly for TSMC as expected. The company’s chairman Mark Liu told analysts during an earnings call on Thursday that the production delay is caused by a lack of “skilled workers” that can install the necessary equipment for the production start.

Liu added that TSMC is working on speeding things up and will send workers from their Taiwan plants to give the necessary training to the U.S. technicians.

TSMC’s decision to push back production for one year might have an impact on Apple, considering the company previously announced it will use TSMC chips manufactured in the U.S. for its future products. The iPhone maker might be forced to either bring its own production to a halt or to find alternative suppliers.

The post Chip Maker TSMC Delays Start of Production in Arizona Plant Until 2025 appeared first on theprimarymarket.com.

The world’s biggest maker of tools used for chip manufacturing, Applied Materials aims to have the facility up and running in 2026. It is expected to handle $25 billion worth of research work during its first decade of operation, creating 2,000 jobs in the process.

During its inaugural decade of operation, the Sunnyvale, California-based research center is expected to bring in staff from research universities and major chipmakers alike, including the likes of Intel Corp, Taiwan Semiconductor Manufacturing Co, and Samsung Electronics Co Ltd.

Called the Equipment and Process Innovation and Commercialization (EPIC) Center, the new facility is set to be the size of more than three American football fields. Applied Materials plans to invest in the facility over the next seven years in addition to applying for subsidies from the government through the CHIPS and Science Act.

The post Applied Materials to Invest $4 Billion in Silicon Valley Chip Research Center appeared first on theprimarymarket.com.

Currently backed by Soft Bank Group Corp, Arm will team up with its existing manufacturing partners to develop the new semiconductor. The company, which started designing the chip six months ago, claims that it is “more advanced” than ever before. According to the Financial Times article, the company presently has no plans to license or sell the chip.

Arm has built a new “solutions engineering” team to focus on the development of the chip and other related products. This includes prototype chips for laptops, mobile devices, and other electronics.

News of the company’s plans to develop its own semiconductor comes after Intel Corp stated earlier this month that it would collaborate with Arm to ensure that its mobile phone chips that use Arm’s technology can be made in Intel’s factories.

The post Arm Ltd to Build Its Own Semiconductor appeared first on theprimarymarket.com.

Set to commence at 10 a.m. EDT, Tuesday’s signing will be attended by the auto industry and union leaders, including United Auto Workers President Ray Curry and the chief executives of HP, Intel, Lockheed Martin, and Advanced Micro Devices.

According to White House officials, the bill’s passage is spurring an array of new chip investments. These include Qualcomm’s purchase of $4.2 billion in semiconductor chips from GlobalFoundries’s New York factory and Micron’s $40 billion investment in chip manufacturing, a move that will boost U.S. market share from 2% to 10%.

In addition to advancing the United States’ competitiveness in the chip industry, this bill also aims to help the nation overcome the ongoing global chip shortage. Currently, thousands of American-made vehicles are awaiting the installation of chips, without which production cannot be wrapped up and they cannot be sold.

The post U.S. to Provide Subsidies to Fund Domestic Chip Production appeared first on theprimarymarket.com.

Should the decision to curb China’s semiconductor manufacturing activities be approved, major chipmakers such as South Korea’s Samsung Electronics and SK Hynix will no longer be able to ship technology tools to their factories based in China, thereby preventing the companies from performing important upgrades that are needed for serving customers.

Lee Min-hee, the analyst at BNK Securities, believes that U.S. restrictions could drive prices upwards as supply gets dried up. “Samsung’s China production alone accounts for more than 15% of global NAND flash production … If there’s any production disruption, it will make chip prices surge.”

Together, Samsung Electronics and SK Hynix control more than half of the world’s NAND flash memory chip market. Their China-based factories produce vital components for products of Apple, Amazon, Meta, and Google.

So far, the global chip shortage has caused production disruptions across the automotive and consumer electronics industries. While shrinking consumer demand and several adjustments have helped to ease the effects of this shortage, it is still not fully resolved.

The post U.S. Export Restrictions on Chips From China Could Cause Market Turmoil, Experts Say appeared first on theprimarymarket.com.