The new Strategy Analytics "Automotive Semiconductor Demand Forecast 2004 - 2013" study indicates that the market for automotive grade semiconductors in 2006 will reach $18 billion, a year-on-year growth of 10 percent.
Strong demand for semiconductors is keeping the chemical and material market in high gear, according to the report "Chemicals And Materials For Sub-100nm IC Manufacturing," recently published by The Information Network
Royal Philips Electronics announced that the company has signed an agreement with Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners and AlpInvest Partners NV (together referred to as “the consortium”) through which the consortium will acquire an 80.1% stake in Philips’ Semiconductors business, with Philips retaining a 19.9% stake in this business.
Amkor Technology has announced that it has received a Nasdaq Staff Determination notice stating that the company is not in compliance with Nasdaq Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the period ended June 30, 2006. On top of this the company has received letters from financial institutions stating that the delay in filing puts the company's loans at risk.
Synova announced it has closed financing in the amount of 10 million Swiss francs (CHF), or USD 8.1 million. Synova will use the new funds, put up largely by Swiss banks, for the development of micromachining centres (MMCs) located in key high-tech regions around the world, providing local access to customer support and application labs offering on-site product demonstrations.
Alliance Semiconductor Corporation received a Nasdaq additional Staff determination letter indicating that the Nasdaq Staff believes the Company is no longer engaged in active business operations and is therefore a "public shell."
Seeking to promote and drive continuous improvement of supplier diversity in the semiconductor industry, a SEMATECH-led industry group working with a consultant has published an industry study that outlines the business outlook and strategies for supplier diversity in one of the world's most volatile markets.
Freescale Semiconductor, Inc. has announced that they have signed an agreement for Freescale's use of Synopsys electronic design automation software for the functional verification of complex semiconductor designs.
Braggone announced that it has raised a new financing round to support ramp-up of its production. The new funding of approximately $1.5 million was provided by existing backers of the company and will be used to further facilitate its production site in Finland.
Air Products announced leadership and organization changes effective October 1, 2006 to reflect the company's strategy and focus on growth. John E.
McGlade, currently group vice president, Chemicals, has been named president and chief operating officer by the Board of Directors.