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.

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.

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.

Detailing the project, Micron said that the New York facility would be the largest of its kind in the United States.

“This historic leading-edge memory megafab in Central New York will deliver benefits beyond the semiconductor industry by strengthening U.S. technology leadership as well as economic and national security, driving American innovation and competitiveness for decades to come,” said Micron CEO Sanjay Mehrotra as part of the announcement.

Micron’s semiconductor factory will not only boost the domestic chip supply but will also result in an influx of new jobs. The company claims that the project will create 9,000 “high-paying jobs” at Micron and as many as 50,000 new jobs overall.

 The announcement comes less than two months after the CHIPS and Science Act came into effect. The new act promises more than $50 billion in subsidies for projects that would increase semiconductor production in the U.S. and help the domestic chip market be competitive in the international market.

The post Micron Announces Plans to Spend $100 Billion on a Semiconductor Factory in New York 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.

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.

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.

Detailing the project, Micron said that the New York facility would be the largest of its kind in the United States.

“This historic leading-edge memory megafab in Central New York will deliver benefits beyond the semiconductor industry by strengthening U.S. technology leadership as well as economic and national security, driving American innovation and competitiveness for decades to come,” said Micron CEO Sanjay Mehrotra as part of the announcement.

Micron’s semiconductor factory will not only boost the domestic chip supply but will also result in an influx of new jobs. The company claims that the project will create 9,000 “high-paying jobs” at Micron and as many as 50,000 new jobs overall.

 The announcement comes less than two months after the CHIPS and Science Act came into effect. The new act promises more than $50 billion in subsidies for projects that would increase semiconductor production in the U.S. and help the domestic chip market be competitive in the international market.

The post Micron Announces Plans to Spend $100 Billion on a Semiconductor Factory in New York appeared first on theprimarymarket.com.