Reportedly, semiconductor businesses may confront water shortages as chip production technology advances.
semiconductor
Nvidia's stock price rose over 12% in premarket trading on Thursday, February 22, after reporting record profits above Wall Street estimates.
The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.
The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.
Samsung Electronics Co Ltd plans to invest $14.7 billion to construct a new chip production plant in South Korea, a major bet on its semiconductor business amid a smartphone earnings slump.
European Union antitrust regulators fined Philips, Samsung Electronics and Infineon Technologies a total of 138 million euros ($181.28 million) on Wednesday for fixing prices of chips used in mobile SIM cards.
SuVolta Inc, a semiconductor company based in Silicon Valley, has nabbed funding amounting to $10.6 million from Fujitsu Semiconductor Limited, Kleiner Perkins Caufield & Byers, August Capital, New Enterprise Associates, Northgate Capital and DAG Ventures.
Crocus Tech, a semiconductor company, raised US$45 million worth of funds.
Altair Semiconductors raised $25 million from its recent fundraising activity.
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