DELIVERCHIP（HK）LIMITED — 29 June: This Week’s News

Highlights of the Week

1. ON Semiconductor makes record-breaking acquisition of AI chip firm Synaptics

2. Samsung and SK Hynix plan to invest heavily in South Korea’s Honam region

3. ST Wintec’s company secretary resigns abruptly after less than six months in post

ON Semiconductor makes record-breaking acquisition of AI chip firm Synaptics

On 25 June, US semiconductor giant ON Semiconductor (ON) announced it would acquire edge AI chip firm Synaptics in a deal valued at approximately US$7 billion – the largest acquisition in ON Semiconductor’s history.

Through this integration, ON Semiconductor will expand its business from AI data centres to the intelligent edge, covering high-growth sectors such as autonomous driving, robotics and industrial automation.

Samsung and SK Hynix Plan Massive Investment in South Korea’s Honam Region

Recent reports indicate that Samsung Electronics and SK Hynix intend to establish large-scale semiconductor projects in South Korea’s Honam region (including Gwangju and South Jeolla Province), with planned investments totalling several hundred trillion won (approximately 1.3 trillion to 2.2 trillion yuan). This will represent the largest-ever high-tech industrial investment in the Honam region.

The projects will cover the entire semiconductor manufacturing process, from wafer fabrication (front-end) to advanced packaging and testing (back-end), with the aim of establishing the Honam region as a core industrial base for next-generation semiconductors and addressing the bottleneck caused by production capacity saturation in the Seoul metropolitan area.

ST Wintec’s Board Secretary Resigns Less Than Six Months After Taking Office

On the evening of 22 June, Wintec issued an announcement stating that Tu Zhengfeng, the company’s Board Secretary, had tendered his resignation for personal reasons. Following his resignation, he will no longer hold any position within the company; during the vacancy, Yang Mu, the company’s Chairman, will act as Board Secretary.

Following the announcement, WenTai Technology’s share price fell by 3.67 per cent the following day (23 June), with the market keeping a close eye on this executive change and the company’s future operations.

All news in this article is sourced from the internet.