The electricity-powered systems — which keep homes comfortable by pushing heat into the home in the winter and pulling it out in the summer — will be crucial in weaning the world off of fossil fuels. But installing the units on a timeline in keeping with net zero goals will require both a robust supply chain and well-prepared labor force. While neither of these are fully in place in the U.S., the Defense Production Act and Inflation Reduction Act represent opportunities to build them out. With that in mind, the report defined potential “game-changers” to include new technologies with no current commercial adoption (such as fusion energy), improved existing technologies (such as direct air capture), or combinations thereof. Some of those technologies that the White House highlighted have proved controversial or seen high profile failures, though.

While Thunderbolt 4 supported up to 40Gbps speeds, Thunderbolt 5 can transmit data at 80Gbps or up to 120Gbps in a Bandwidth Boost mode. This mode requires a high-bandwidth display; otherwise, Thunderbolt 5 supports 80Gbps bidirectional speeds. Intel is making Thunderbolt 5 official today with promises of up to 120Gbps speeds, theoretical support for 540Hz gaming monitors, 240 watts of charging power, and much more. While the Thunderbolt 5 specification is now official, accessories and PCs won’t debut with support for Thunderbolt 5 until 2024. “The reason why I have confidence that we’re not going to have this burst of capacity and create some of the old cyclicality of our industry, it’s very simple,” Caulfield says. “There’s nothing to that story,” Caulfield said, “… we’re focused on executing our business each and every day and that’s really front and centre for all of us.

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Far from reassuring the market, the uncertainty surrounding FTX’s future triggered a broader crypto market selloff. Bitcoin fell below $16,000, erasing recent gains since the start of crypto winter. The reversal caps a tumultuous modified opinion week in crypto which began with reports raising questions about FTX’s finances. The crypto giant said Wednesday it has decided that it “will not pursue the potential acquisition” based on a “corporate due diligence” review.

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.

Intel in Talks To Buy GlobalFoundries for $30 Billion: Report

Coinbase said it had “a mixed quarter” as transaction revenue was “significantly impacted by stronger macroeconomic and crypto market headwinds, as well as trading volume moving offshore,” the company said in a letter to shareholders. Investors are increasingly demanding a greater return from Salesforce, which has always funneled its profits toward growth, including spending billions to acquire companies like Slack and Tableau. The company is also now facing pressure from activist investor Starboard, which recently disclosed a “significant” but still unknown stake in Salesforce. The layoffs, which The Wall Street Journal had earlier reported were coming, affect some 13% of Meta’s workforce as the company scrambles to recover from the catastrophic collapse of its stock price.

• Over the last 10 years, GF has invested more than $15 billion at Fab 8, its most advanced semiconductor facility located in Malta, NY.
• The DOJ said it recovered more than 50,676 bitcoin from the home of James Zhong who pleaded guilty to wire fraud charges following what the agency described as the largest cryptocurrency seizure in its history.
• The Wall Street Journal said that AMD continues to be a big customer for GlobalFoundries, and entered into a multi-year $1.6 billion chip-component supply deal with the company earlier this year.

Tom’s Hardware is part of Future US Inc, an international media group and leading digital publisher. Jeremy Owens is MarketWatch’s technology editor and San Francisco bureau chief. Intel has yet to make a formal offer for GlobalFoundries and may not do so, according to the sources.

Intel in talks to acquire GlobalFoundries in $30bn deal

Some of those on the list have already invested or announced investments in Vietnam. However, global inflation has to be under control first before interest rates can come down and consumer spending can be healthy again, particularly in China, he said. The following June, the Nasdaq-listed semiconductor manufacturer said its first tool had been moved into the Singapore facility. “I’m confident that over the next decade, this industry will double again,” Thomas Caulfield, president and CEO of GlobalFoundries, told CNBC in an interview ahead of Tuesday’s opening. Baird analyst Tristan Gerra was more upbeat in a note titled “High Stakes, High Rewards,” which reiterated his argument that Intel needs to make an acquisition to succeed with its new foundry ambitions. “A deal like this seems almost certain to be a huge distraction,” he said, while maintaining an underperform rating and $43 target on the stock.

The sources, who requested anonymity because the deliberations are confidential, cautioned that the chipmaker’s plans were subject to market conditions and that the timing could change. Intel has a $1.5 billion factory in southern Vietnam for assembling, packaging and testing chips, the biggest in its global network, and has had plans to expand it. Boeing may announce a deal involving the sale of 50 of its 737 MAX jets, people familiar with the matter told Reuters. Intel has a US$1.5 billion factory in southern Vietnam for assembling, packaging and testing chips, the biggest in its global network, and has had plans to expand it. The companies did not immediately respond to requests for comment outside business hours. GlobalFoundries is the world’s third-largest foundry by revenue behind TSMC and Samsung, according to market intelligence provider TrendForce.

Intel Is In Talks To Buy GlobalFoundries For About $30 Billion

It is unclear whether it will need IP developed before 2015 at Albany NanoTech Complex. 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. Mobile game revenue will decline for the first time in history this year, market research firm Newzoo now says in a revised outlook for the 2022 global games market. While the whole game industry is expected to contract by 4.3% — another first since Newzoo began tracking the market in 2007 — the company is predicting a 6.4% decline in mobile game spending on top of a 4.2% decline in console game spending. The Wall Street Journal said that AMD continues to be a big customer for GlobalFoundries, and entered into a multi-year $1.6 billion chip-component supply deal with the company earlier this year. The report cited data from TrendForce and noted that GlobalFoundries accounts for 7% of foundry market revenues globally.

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.

They eventually tightened their focus on PCs and servers but still provide some mid-level processors to meet various industries’ needs. Intel’s ability to buy, build or re-purpose foundries for outside customers even as it tries to regain its competitiveness in advanced chips may prove a tall order at a moment when the industry is stretched globally for talent, equipment and materials. The conundrum came into focus last week when the Wall Street Journal reported that Intel was considering a purchase of chipmaker GlobalFoundries for $30 billion.

Even before its filing, FTX’s woes were having spill-on effects on other companies. BlockFi, a crypto lender FTX had agreed to backstop earlier this year with a credit line and an option to buy the company, said Thursday it could not conduct “business as usual” and had stopped customer withdrawals. TSMC is far ahead of GlobalFoundries and UMC in the “process race” to create smaller chips, which are measured in nanometers. GlobalFoundries, which came into being as a result of Intel rival AMD’s decision to spin off its own semiconductor manufacturing business back in 2009, operates a number of chip foundries around the world.

Stripe will lay off 14% of its employees

However, GlobalFoundries considers that IP its property following its acquisition of IBM’s microelectronics business eight years ago. Financial analysts had expected a loss of 33 cents a share on revenue of $372 million, according to Zacks. But the decline wasn’t the disastrous drop that Wall Street was expecting, and that sparked a rally in the crypto company’s shares after-hours. “A diversified portfolio is needed to ensure success in meeting our climate commitments and capturing the opportunity for American industries to lead the global energy transition,” the group concluded in the report.

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.

GlobalFoundries makes semiconductors designed by the likes of Qualcomm, MediaTek and NXP Semiconductors, and serves approximately 200 customers globally. He also raised concerns about the economics of GlobalFoundries’ business, especially in the https://1investing.in/ context of the $30 billion price from the reported deal talks. His interpretation of disclosures from Mubadala, the Abu Dhabi investment arm, signals that GlobalFoundries hasn’t been profitable and would likely be dilutive to Intel’s margins.

Although China is behind in creating fabs for high-end computing, my sources tell me that China is buying up every level of computing manufacturing technology they can get their hands on. Many Chinese semiconductor companies have moved on to more sophisticated chip-making technology, leaving behind thousands of machines that can still crank out low-end CPUs, controllers, and sensors. According to a report from the Wall Street Journal citing people familiar with the matter, Intel is in talks to buy GlobalFoundries for roughly $30 billion. Intel has not confirmed the report, but if true, the plan would intercept GlobalFoundries’ widely-reported plans for an IPO later this year. We reached out to Intel about the report and the company responded that it does not comment on rumors and speculation.

When he’s not writing about GPUs and CPUs, however, you’ll find him trying to get as far away from the modern world as possible by wild camping. That’s a lot of chips, but AMD does currently use one GlobalFoundries made chiplet in every Zen 2 or newer processor it makes. The processing core, or CCD, of AMD’s Ryzen and Epyc processors are made by TSMC on the 7nm process, but the I/O die, or cIOD, is still to this day manufactured by GlobalFoundries. Intel, on a successful buyout, would purchase a chip making company that is currently responsible for production of processors used with AMD Ryzen chips. Over the past couple of decades, he has covered everything from CPUs and GPUs to supercomputers and from modern process technologies and latest fab tools to high-tech industry trends. Robinhood reported a 12% sequential decline in operating expenses, in an apparent sign that recent cost-cutting measures, including major layoffs, are paying off.