Week In Review: Manufacturing, Test
U.S. chip coalition; materials group; power outage; EV share.
Government policy
Semiconductor companies as well hardware and software vendors have announced the formation of the Semiconductors in America Coalition (SIAC). The group called on congressional leaders to appropriate $50 billion for U.S. manufacturing incentives and research initiatives. SIAC’s mission is to advance federal policies that promote semiconductor manufacturing and research in the U.S., which is lagging behind.
The new coalition includes
Intel, Qualcomm, AMD, Nvidia, GlobalFoundries, Texas Instruments, Broadcom, Micron and others. It also includes
Amazon Web Services, Apple, AT&T, Cisco, General Electric, Google, Hewlett Packard Enterprise (HPE), Microsoft, and
Cohu Announces Divestment of Its Printed Circuit Board Test Business streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Cohu Announces Divestment of Its PCB Test Business
Cohu, Inc., a global leader in back-end semiconductor equipment and services, announced that it has entered into a definitive agreement with Mycronic AB (MYCR.ST) (Mycronic), a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment, under which Mycronic will acquire atg Luther & Maelzer GmbH and other affiliated entities and assets related to Cohu’s Printed Circuit Board Test Group (PTG) business. The purchase price of approximately $125 million will be paid in cash at close, subject to adjustment for certain closing accounts. Cohu intends to use the expected net cash proceeds of approximately $95 to $100 million, after estimated transaction costs and taxes, to repay outstanding principal on its term loan facility. No regulatory approvals are expected to be required and the transaction is expected to be completed by