Gross profit was $316.5 million, compared to $304.7 million in 1Q23, and $750.5 million in 2Q22. Gross margin was 20.3%, compared to 20.8% in 1Q23 and 39.4% in 2Q22. In Q3 the company expects revenue to increase by 3%
President Joe Biden signed an Executive Order on Addressing United States Investments In Certain National Security Technologies And Products In Countries Of Concern that authorizes the Secretary of the Treasury to regulate certain U.S. investments
WASHINGTON—Aug. 9, 2023—Semiconductor Industry Association (SIA) President and CEO John Neuffer today released the following statement regarding the one-year anniversary of enactment of the CHIPS and Science Act, a landmark law that provides $52
As America’s semiconductor ecosystem expands in the years ahead, so too will its demand for semiconductor workers with the skills, training, and education needed in the highly innovative semiconductor industry. To address the challenges and opport
Q2 sales down 17.3% compared to Q2 2022; worldwide sales in June increase 1.7% month-to-month WASHINGTON—Aug. 4, 2023—The Semiconductor Industry Association (SIA) today announced worldwide sales of semiconductors totaled $124.5 billi
Benchmark Electronics, Inc. (NYSE: BHE) announced financial results for the second quarter ended June 30, 2023. “Benchmark delivered a strong quarter, exceeding the high end of our guidance ranges on revenue and non-GAAP operating inc
WASHINGTON—July 28, 2023—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer applauding Senate passage of the Building Chips in America Act (Kelly Amendment #985) as part of
In a forecast that spells positive news for the auto industry, https://www.trendforce.com/membership/WitsView anticipates a substantial increase in demand for automotive panels. As global recovery from the pandemic continues, the automotive market
Joint venture to build battery plant with start of production planned in early 2027 Facility to have an initial annual production capacity of 34 gigawatt hours (GWh) Stellantis and Samsung SDI currently building a g
WASHINGTON—July 25, 2023—The Semiconductor Industry Association (SIA), in partnership with Oxford Economics, today released a study finding the United States faces a significant shortage of technicians, computer scientists, and engineers, with a
The onsemi EliteSiC 1200 V and 750 V power devices will be incorporated into BorgWarner’s VIPER modules. ”The integration of EliteSiC technology in the traction inverter enables increased gas-equivalent miles per gallon (MP
WASHINGTON—July 17, 2023—The Semiconductor Industry Association (SIA) today released the following statement regarding potential additional government restrictions on semiconductors. “Recognizing that strong economic and national se
