The big picture: South Korean tech giants like Samsung and SK Hynix have dominated memory manufacturing for decades. However, the country's president thinks the competition in the processor market, where Taiwan's TSMC looms large, has recently become significantly more critical. A new support package aims to increase Korea's competitiveness across the chip industry.
Why it matters: ASML is the largest manufacturer of photolithography machines, designed for etching intricate circuits onto silicon wafers to create advanced computer chips. It stands as the most highly valued European tech company, boasting a market capitalization of nearly $400 billion. Additionally, ASML represents one of the major business ventures in the Netherlands' economy.
In advance of Intel's first event dedicated to their Foundry business, I had the opportunity to sit down one-on-one with CEO Pat Gelsinger and talk about the company's strategic goals.
Recap: The Biden Administration conceived the CHIPS and Science Act as a far-reaching plan to rebuild the US microchip industry essentially from scratch. The plan includes roughly $280 billion in public subsidies to boost domestic research and semiconductor manufacturing, with public and private sectors working together towards a common goal.
Some would argue that AI is a fad, the next bubble waiting to burst
Editor's take: Like almost everyone in tech today, we have spent the past year trying to wrap our heads around "AI". What it is, how it works, and what it means for the industry. We are not sure that we have any good answers, but a few things have been clear. Maybe AGI (artificial general intelligence) will emerge, or we'll see some other major AI breakthrough, but focusing too much on those risks could be overlooking the very real – but also very mundane – improvements that transformer networks are already delivering.