Market Insights Q1 2024[4] - Flipbook - Page 4
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General Market Insight
Semiconductor Industry Market News
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Virginia Tech Launches $30 Million Partnership to Boost Women in Semiconductor Industry, Virginia Tech faculty members are
spearheading UPWARDS, an international initiative aimed at increasing female representation in the semiconductor workforce, backed by
a $30 million investment. The program, supported by Micron Technology, Tokyo Electronics, and the National Science Foundation,
focuses on various areas including research collaboration, curriculum design, and experiential learning. Through efforts like the
UPWARDS Women in Semiconductor Camp and research programs, Virginia Tech aims to advance education and innovation in the
semiconductor field while promoting gender diversity.
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Michigan Initiates First-Ever Taiwan Office to Bolster Semiconductor and EV Sectors, Governor Gretchen Whitmer has unveiled
plans to establish the Michigan Taiwan Office during a five-day investment mission, aimed at expanding the state's global presence and
fostering connections with southeast Asia. Administered by the Michigan Economic Development Corporation, the office will prioritize
investment promotion, particularly in the semiconductor and electric vehicle industries, fostering collaboration and boosting economic ties
between Michigan and Taiwan. Governor Whitmer emphasized the importance of collective efforts to attract jobs, projects, and supply
chains to Michigan, highlighting the state's commitment to innovation and comprehensive economic development.
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Texas Senator Cruz Advocates Streamlining Environmental Regulations for Semiconductor Plant Construction, U.S. Senator
Ted Cruz, during a roundtable on the future of semiconductor plants in Central Texas, discussed the delays caused by environmental
regulations in building semiconductor plants. With chips being crucial for various electronic devices and the shortage posing national
security concerns, Cruz emphasized the urgency in streamlining the construction process. While the CHIPS for America Act allocated
billions for chip manufacturing plants, Cruz co-authored a bill to expedite construction, highlighting the unique vulnerability in
semiconductor production that requires swift bipartisan action.
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U.S. Plans $162 Million Boost for Microchip Technology in Bid to Strengthen Semiconductor Independence, The U.S. Commerce
Department is set to award Microchip Technology $162 million in government grants to significantly enhance the production of
semiconductors and microcontroller units (MCUs) vital to both consumer and defense industries. This funding, part of the "Chips for
America" program, aims to triple the production of mature-node semiconductor chips and MCUs at Microchip's facilities in Colorado and
Oregon, reducing reliance on foreign sources and contributing to national and economic security. This move aligns with the broader
initiative to shift semiconductor production away from foreign suppliers, particularly China, and is the second award in the $52.7 billion
program.
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Pentagon Invests $49 Million to Revitalize U.S. Semiconductor Packaging Capabilities, The Department of Defense has awarded
contracts totaling $49 million through the Industrial Base Analysis and Sustainment (IBAS) program to Micross Components and the
government of Osceola County, Florida. These contracts aim to revitalize advanced packaging capabilities and capacity for
semiconductors crucial in defense applications, focusing on low-volume/high-mix production of secure 2.5 and/or 3D advanced packaging
solutions. The initiative, known as RESHAPE, supports the National Defense Industrial Strategy's priority of building resilient supply
chains and aims to enhance the U.S. semiconductor advanced packaging manufacturing ecosystem.
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