Foxconn breaks ground for new chip plant in China
Foxconn Electronics (Hon Hai Precision Industry) recently broke ground for an advanced semiconductor assembly and test plant in Qingdao, northeast China. Foxconn plans to invest a total of CNY60 billion (US$8.6 billion) in the new plant project, according to sources familiar with the matter. China’s state-backed Rongkong Group will be co-financing the project. Foxconn’s new […]
Federal Investments in U.S. Semiconductor Manufacturing, Research Gain Steam in Congress
WASHINGTON—The Semiconductor Industry Association (SIA) released the following statement today from president and CEO John Neuffer in response to congressional action in support of U.S. semiconductor manufacturing and research. The House today passed the National Defense Authorization Act (NDAA), legislation that includes an amendment calling for the establishment of a federal grant program to promote semiconductor manufacturing, as well as federal […]
Jabil Launches High-Volume Mask Production in the United States
ST. PETERSBURG, FL – Jabil Inc. (NYSE: JBL) announced the launch of a substantial face mask manufacturing operation in the United States to address demand for face masks and other personal protective equipment (PPE) driven by businesses re-opening amid the coronavirus pandemic. By next week, Jabil’s factories in Memphis, Tennessee; Clinton, Massachusetts; and Gurnee, Illinois […]
North American Semiconductor Equipment Industry Posts June 2020 Billings
North America-based manufacturers of semiconductor equipment posted $2.32 billion in billings worldwide in June 2020 (three-month average basis), according to the June Equipment Market Data Subscription (EMDS) Billings Report published today by SEMI . The billings figure is 1.1 percent lower than the final May 2020 level of $2.34 billion, and is 14.4 percent higher than the June 2019 […]
Gartner Forecasts Worldwide Public Cloud Revenue to Grow 6.3% in 2020
Desktop as a Service Secures Highest Growth in 2020 Driven By Enterprises’ Need to Support Remote Workers and Cut Costs The worldwide public cloud services market is forecast to grow 6.3% in 2020 to total $257.9 billion, up from $242.7 billion in 2019, according to Gartner, Inc. Desktop as a service (DaaS) is expected to […]