Intel and New York-based private equity firm Apollo Global Management have entered a co-investment program to fund the chipmaker’s silicon wafer manufacturing plant in Ireland. According to the companies’ statement, Apollo-managed funds and affiliates will invest $11 billion to acquire 49 percent of the Irish plant’s equity, with Intel holding the 51 percent controlling interest...
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AMD Unveils Plan to Offer Export Control-Compliant AI Chip to China
Advanced Micro Devices is considering developing an artificial intelligence chip that it can deliver to Chinese customers without violating U.S. export regulations. In October 2022, the United States introduced wide-ranging export controls against Beijing, including semiconductors built using American tools and those designed for AI applications. AMD sees its new MI300 accelerator chip for training...
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Italy Looks to Bolster Strategic Industrial Sectors, Promote Foreign Investment Programs
The Italian government is drafting measures to support the country’s strategic industrial sectors, including microelectronics, and promote foreign investment programs worth at least $1.1 billion, Reuters reported. Citing documents it obtained, the news agency said Italy plans to provide tax breaks of approximately $689 million for five years to support research and development efforts in...
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Intel Wins $3.2B Incentives for $25B Israeli Chip Factory
The Israeli government is providing a $3.2 billion incentive for Intel’s new $25 billion chip factory in Kiryat Gat, southern Israel, where the company already has a chip-making facility. According to a statement, Intel’s Israeli plant expansion is an important element in its effort to promote “a more resilient global supply chain,” which also includes manufacturing investments...
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Intel Partners With Taiwan Chipmaker UMC on New Foundry
Intel and semiconductor foundry UMC of Taiwan have signed a collaboration agreement to develop a 12-nanometer semiconductor process platform for high-growth applications such as mobile communication devices. Intel said the partnership will deliver an expanded process portfolio, combining its at-scale U.S. production capacity with UMC’s mature nodes foundry experience. The company’s Ocotillo Fabrication site in...