- In April 2024, GlobalFoundries and IBM have successfully resolved a long-standing legal dispute that stemmed from a 2015 technology transfer agreement. The settlement, which comes after several years of litigation, marks a significant step toward reconciliation between the two tech giants. The settlement between GlobalFoundries and IBM in 2024 may lead to stronger collaboration, influencing the advancement of foundry technologies and impacting the foundry equipment market
- In April 2024, Intel disclosed an operating loss of USD7 billion for its foundry business in 2023, a substantial increase from the previous year’s loss of USD5.2 billion. The unit's revenue declined by 31%, falling to USD18.9 billion from USD27.49 billion in 2022. Intel's significant operating loss in its foundry business highlights potential challenges in the semiconductor manufacturing sector, which could affect demand for foundry equipment and technology advancements
- In April 2024, Taiwanese semiconductor companies are increasingly turning to Japan as they seek to diversify their operations amid the growing decoupling between the U.S. and China. This shift is a response to heightened geopolitical tensions and the tightening of U.S. sanctions on China’s access to advanced chip technologies. Taiwanese semiconductor companies diversifying operations in Japan may drive increased demand for advanced foundry equipment, as they seek to mitigate geopolitical risks and expand manufacturing capabilities
- In March 2022, Primetals Technologies and Tata Steel entered into a collaboration on projects and technologies related to green steel production and decarbonization. This partnership underscores the industry's commitment to sustainable practices and technological innovation. The collaboration between Primetals Technologies and Tata Steel on green steel production and decarbonization highlights the growing demand for advanced foundry equipment to
- In August 2022, Inductotherm Group acquired KMA (a leading producer of induction furnaces), expanding its portfolio to include advanced metal melting technologies. The acquisition was designed to strengthen their market presence and offer better technological solutions to customers worldwide. Inductotherm Group's acquisition of KMA enhances its portfolio with advanced metal melting technologies, bolstering its position in the global foundry equipment market by providing more innovative solutions for metal production
