Top US chipmakers, tech firms to attend Vietnam meeting as Biden visits

Francesco leads a team of reporters in Vietnam that covers top financial and political news in the fast-growing southeast Asian country with a focus on supply chains and manufacturing investments in several sectors, including electronics, semiconductors, automotive and renewables. He was also part of Reuters core global team that covered the COVID-19 pandemic and participated in investigations into money laundering and corruption in Europe. He is an eager traveler, always keen to put on a backpack to explore new places. An executive at a major U.S. chips firm said the Vietnamese government had been holding meetings with most major chips companies in the country, including Intel, Samsung (005930.KS) and Qualcomm (QCOM.O), to ask for advice on setting up the country’s first fab. The second person familiar with the plans confirmed the presence of several large U.S. chips companies, including Amkor, their Vietnamese partners, such as tech company FPT (FPT.HM), and Vietnamese and U.S. top officials, including Secretary of State Antony Blinken.

Caulfield also expects increased demand and need for foundry businesses, like itself, in the near future, and doesn’t expect demand to return to peaks and troughs. But Intel needs even more fabs to do that, hence the push into the EU and further investment into its global fab network. AMD can now procure chips from other foundries as it so wishes, although a key stipulation in the WSA says it must purchase at least $1.6B worth of chips from the fab by 2024 or else incur a fine, payable to GlobalFoundries. One major amendment to the WSA allowed AMD to procure chips from other foundries for 7nm and beyond, but kept the red team leased to GlobalFoundries for 12/14nm and larger nodes. GlobalFoundries alleges that IBM has illicitly revealed its proprietary IP and trade secrets that it got after acquiring IBM’s microelectronics division in 2015. The complaint asserts that IBM’s top management has portrayed the Intel and Rapidus collaborations as relying on technology developed over several decades from research conducted at the Albany NanoTech Complex.

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Zuckerberg acknowledged “this is a sad moment” in the company’s history, but tried to sound an optimistic note about Meta’s future. “I believe we are deeply underestimated as a company today. Billions of people use our services to connect, and our communities keep growing,” he wrote. “I’m confident that if we work efficiently, we’ll come out of this downturn stronger and more resilient than ever.”

“TSMC does an excellent job of keeping process nodes for many years,” said Kevin Krewell, principal analyst at TIRIAS Research. But analysts question the price tag for GlobalFoundries, and conflicts could arise because some of the foundry’s major customers, such https://1investing.in/ as AMD, compete against Intel. Join the experts who read Tom’s Hardware for the inside track on enthusiast PC tech news — and have for over 25 years. We’ll send breaking news and in-depth reviews of CPUs, GPUs, AI, maker hardware and more straight to your inbox.

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An executive at a major US chips firm said the Vietnamese government had been holding meetings with most major chips companies in the country, including Intel, Samsung and Qualcomm, to ask for advice on setting up the country’s first fab. The second person familiar with the plans confirmed the presence of several large US chips companies, including Amkor, their Vietnamese partners, such as tech company FPT, and Vietnamese and US top officials, including Secretary of State Antony Blinken. Intel’s new chief executive Pat Gelsinger has set out to grow the company’s foundry operations and manufacture chips for other companies. A potential purchase of GlobalFoundries could provide extra manufacturing capacity and a customer base, but some analysts have questions about whether the deal would make sense.

Even though GlobalFoundries famously abandoned the race for leading-edge node technology, it has plenty of its own existing fabs in the US with impressive production capacity. GlobalFoundries has long serviced contracts with the US government, which requires certain indigenous chip production for some of its military projects. As such, the company’s existing work with the US government makes it a shoo-in for government funding. The company is currently owned by the Mubadala Investment Company, an investment arm of the Abu Dhabi government. GlobalFoundries has been widely reported to be seeking an IPO, but it scuttled its plans last year amidst the turmoil of the pandemic. However, according to the WSJ, GlobalFoundries could move ahead with its planned IPO if talks with Intel fall through.

GlobalFoundries said last month that it would invest $4 billion, along with the Singapore Economic Development Board (SEDB), and investments from some of its committed customers to construct a new fab in Singapore. Given that this story about Intel’s interest in GlobalFoundries has not been confirmed, I can only speculate why Intel could be interested in an acquisition of this type. I need to point out that this report, as of today, has not been confirmed and all references to this Intel/GlobalFoundries story point back only to the WSJ article listed above. At the turn of the century, I spoke with then Intel’s CEO, Craig Barrett, and asked him why they decided to sell their ARM business. At that time, the demand for more powerful CPUs with lower power was just starting to become apparent.

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However, the organization said this growth has been stymied somewhat by ongoing supply chain issues. The company reported a loss of $2.43 a share on revenue of $590 million, compared to a profit of $1.62 a share on revenue of $1.3 billion in the year-ago quarter. Analysts were expecting a loss of roughly $2.40 a share on revenue of about $656.6 million. Chip giant Intel is reportedly eyeing up a deal to acquire GlobalFoundries, in a move that would be a shot in the arm of the semiconductor giant’s plan to fabricate chips for external clients.

However, the company aims to go head-to-head with the world’s biggest chip manufacturers in the world, TSMC and Samsung, with its own foundry contract business. This dramatic shake-up would see it taking on deals to produce chips for other companies, instead of just its own. GlobalFoundries operates six chipmaking fabs, four 300mm and two 200mm, and its most cutting-edge process node is the 14/12nm process. That’s a touch behind TSMC, Samsung, and Intel, all of which are developing processes at 7nm or beyond. GlobalFoundries was once actively developing a 7nm process node to compete at the bleeding edge with these companies but decided to cease further development in 2018.

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The way Intel has apparently stumbled in its bid to fast-track its China expansion plans reflects the difficulties for multinational companies in trying to navigate the uneasy relationship between Washington and Beijing. Microsoft has worked closely with Intel to support USB4 in Windows, with Thunderbolt 5 fully USB 80Gbps standard compliant, too. Intel has achieved the boosts to bandwidth thanks to a new signaling technology, PAM-3, that’s supported in USB4 v2.

• But last Thursday, the WSJ reported that Intel is in talks to buy GlobalFoundries, an AMD spin-off that develops mid to low-level processors used in thousands of applications that do not need high-end processors.
• Carbon credit programs like this have been criticized historically for a multitude of reasons, ranging from being used to greenwash corporations to being an ineffective way of achieving emissions reductions.
• A Salesforce spokesperson and Chief People Officer Brent Hyder did not respond to request for comment.
• The plan, dubbed the Energy Transition Accelerator, was announced in partnership with the Bezos Earth Fund and the Rockefeller Foundation.

By Tom Warren, a senior editor covering Microsoft, PC gaming, console, and tech. He founded WinRumors, a site dedicated to Microsoft news, before joining The Verge in 2012. Sign up to get the best content of the week, and great gaming deals, as picked by the editors. Important thing is, GlobalFoundries exists, AMD goes fabless from there on, and both companies sign a Wafer Supply Agreement (WSA) to ensure a harmonious supplier/customer relationship for years to come.

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The Justice Department said Monday it seized $3.4 billion worth of bitcoin stolen in the 2012 hack of the Silk Road dark web marketplace. Earlier this year, BlockFi faced a rapid downturn in the crypto markets and laid off 20% of its staff. It also entered into an agreement with FTX in which the crypto exchange provided BlockFi with a $400 million credit line and in market where goods are transacted on the spot or immediately return gained an option to buy BlockFi. Salesforce is preparing for a major round of layoffs that could affect as many as 2,500 workers across the software vendor, Protocol has learned, in a bid to cut costs amid a new activist investor challenge and harsh economic conditions. The industry is better at setting climate goals than other sectors of the Fortune 500.

• Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.
• Fraud and scam reports represented about 63% of the crypto-related complaints received by the CFPB in September, the most recent month analyzed by the agency.
• The deal, part of what the people described as “secret projects” inside Intel, could have revived one of China’s major foreign-invested semiconductor projects, for which the Chengdu government rolled out the red carpet in 2017.
• Practically, the deal tied AMD into buying most of its chips from GlobalFoundries and would be dissuaded through various means to procuring chips from elsewhere.
• However, at some point, the company will have to design its own sub-10nm and GAA-based production nodes to satisfy the growing needs of its customers.
• “The beauty of voluntary carbon markets, if it is done right … has the virtue of bringing in money that doesn’t need to be repaid,” Andrew Steer, president and CEO of the Bezos Earth Fund, said at the press conference.

Intel reports earnings Thursday, and despite a booming PC market, analysts expect a 9.8% drop in sales to $17.8 billion as Intel loses share to rivals like Advanced Micro Devices Inc (AMD.O). HANOI, Sept 9 (Reuters) – Top U.S. semiconductors and digital companies including Intel, GlobalFoundries and Google are expected to attend a business meeting on Monday in Hanoi as President Joe Biden visits Vietnam to boost ties, two people familiar with the plan said. “We’ve seen in the second quarter of this year, inventories at semiconductor companies still climb but at a much muted rate,” said Caulfield.

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A deal could help Intel ramp up production of chips at a time demand is at its peak and the company is looking to start producing chips for car makers that have struggled to keep operations running due to severe shortages. Practically, the deal tied AMD into buying most of its chips from GlobalFoundries and would be dissuaded through various means to procuring chips from elsewhere. Cut ahead to GlobalFoundries decision to halt 7nm process node development, and that WSA begins to unravel.

GlobalFoundries’ production capacity of trailing-edge nodes, which are the largest volume movers for most third-party fabs, would also fit well with Intel’s plans to begin offering its manufacturing services to other parties. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. While any deal of this nature would have to go through governmental scrutiny, Intel may have something in its favor that would help it gain U.S. and EU approval fast. The U.S. and EU are keenly aware of the processor shortages impacting all industries today and know that China is moving fast to try and fill that void.

Amkor is building near Hanoi “a state-of-the-art mega factory for semiconductor assembly and testing,” Treasury Secretary Janet Yellen said on a visit to Hanoi in July. Senior executives from Google (GOOGL.O), Intel (INTC.O), Amkor (AMKR.O), Marvell (MRVL.O), GlobalFoundries (GFS.O) and Boeing (BA.N) are among expected attendees, according to a partial list that a person familiar with the plans discussed with Reuters. US officials have repeatedly said that assembling and designing were the segments of the chip-making industry where Vietnam was likely to grow faster, although a shortage of engineers could slow the industry take-off. Amkor is building near Hanoi “a state-of-the-art mega factory for semiconductor assembly and testing”, Treasury Secretary Janet Yellen said on a visit to Hanoi in July.