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As the slow demand for NAND persists, Kioxia and Western Digital are reportedly accelerating their merger talks, which may create the second-largest flash memory chip producer after Samsung Electronics.
The world's top three DRAM suppliers are cutting production. It is expected that Samsung Electronics, SK Hynix, and Micron will reduce wafer supply by up to 25% YoY in 2023. This would help set the DRAM market back to normal supply-demand dynamics, and start to ease oversupply, starting from 2024. DRAM suppliers would also recover some power in price negotiation.
ChenFull International Co., a Taiwan-based component manufacturer serving the aerospace, optoelectronics, and display equipment market, revealed its first-quarter 2023 financial results on May 12. The company reported NT$307 million (US$9.96 million) in revenues, a 38% year-on-year decline, gross margin at 29.41%, and operating profit at NT$53.7 million.
India-based RISC-V fabless chip startup InCore Semiconductors received funding from Sequoia Capital India, the second deal that the venture capital firm invested in India's semiconductor startup.
Samsung Electronics reportedly plans to set up a back-end semiconductor manufacturing facility in Japan after Japan and South Korea just ended their two-and-a-half-year trade chip dispute in March.