Semiconductor Highlights: Key News from July 8-14,2024

July 10, 2024

Welcome to the latest edition of Cytech Systems' weekly news digest, delivering the key semiconductor and technology news from around the world in a concise and easy-to-read format.

1. Yageo achieved a record high in quarterly revenue and is optimistic about Q3

Passive manufacturer Yageo’s second-quarter revenue was NT$ 31.419 billion, up 10.2% from the previous quarter and 17.3% from the same period last year, setting a new record for quarterly revenue.The revenue for the first half of the year was NT$ 59.923 billion, an increase of 13.3% compared to the same period last year. Looking ahead to the next quarter, Yageo is optimistic about the growth momentum driven by AI applications. 

Source:Yageo (Date:July 8)

2. Samsung's management commented on the strike

The National Samsung Electronics Union (NSEU), the largest among multiple Samsung Electronics' labor unions went on a three-day strike for the first time in its history on July 8. Samsung’s management said there was no disruption on the first day,the BusinessKorea reported on July 9.

Source: BusinessKorea (Date:July 9)

3. SEMI forecasts growth in global semiconductor manufacturing equipment sales in both 2024 and 2025

Global sales of semiconductor manufacturing equipment are forecast to set a new industry record, reaching $109 billion in 2024, growing 3.4% year-on-year. Driven by AI applications, sales are forecast to reach a new high of $128 billion in 2025, representing a growth of 17%. 

Source: SEMI (Date:July 9)

4. AMD plans to acquire Silo AI, the largest private AI lab in Europe

 AMD announced the signing of a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million.  The agreement represents another significant step in the company’s strategy to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem.

Source: AMD(Date:July 10)

5. Japan's electronic components makers are increasing their capital spending to $8.7 billion

According to the investment plans of 32 companies, including Murata Manufacturing, TDK, and Kyocera, total spending is expected to reach 1.4 trillion yen ($8.7 billion) in fiscal 2024, marking a 46% increase from four years ago. Among these companies, 19 plan to boost their spending.

Source: NIKKEI Asia(Date:July 11)


Disclaimer: This article is provided for general information and reference purposes only. The opinions, beliefs, and viewpoints do not necessarily reflect the opinions, beliefs, and viewpoints of Cytech Systems or official policies of Cytech Systems.

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