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Tower Semiconductor accelerates on Agrate

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«Production will start at the end of 2022 and when fully operational such a plant could be worth 2 thousand jobs. A third of which thanks to us ». Ilan Rabinovich is the manager to whom Tower Semiconductor entrusted the Agrate Brianza project, site of StMicroelectronics the implementation of which the Italian-French group has decided to accelerate through a partnership with the Israeli company.

An agreement announced last June that sees a 500 million euro investment by Tower in the site called R3, a plant currently being finalized in Agrate Brianza that will process 300 mm diameter silicon slices. Stm and Tower Semiconductor join forces to accelerate the ramp-up, i.e. the planned growth of production activities, once the qualification phase has been passed. With the adequate saturation of the plants to represent a crucial competitive pre-condition for the production of chips.

«Thanks to our technologies – explains Rabinovich – we will be able to accelerate the whole process. And this is crucial in a complex market moment, in which demand around the world is very strong. We were looking for new production capacity and this agreement guarantees it ». If the long-term trend of microprocessors had already been unequivocal for some time (30 years ago it was worth 55 billion dollars in the world, this value had already tripled ten years later, to reach today an estimate of 550 billion dollars, with the prospect of exceeding 600 next year), the acceleration is now evident. With the latest numbers of Sia, the Semiconductor Industry Association, confirming the strength of the new demand, with global sales in the third quarter of 145 billion dollars, the highest ever, an improvement of almost 30 points compared to the same period of 2020.

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Boom in requests (partly unsatisfied, as evidenced by the repeated stops of car manufacturers) which obviously reverberates on the accounts of the small group of manufacturing companies. For STMicroelectronics, the third quarter closed with sales of 3.2 billion dollars, up 20% compared to 2020, data that would have been even better, adjusting the new quarterly record, had the period not been penalized by the reduction in production in Malaysia due to the resumption of the pandemic. Tower Semiconductor is also in the running, for which the third quarter was the best ever, with revenues shot up 25% to 387 million dollars.

The result of an epochal change in terms of production, which sees, on the one hand, a growing demand for “traditional” electronics, that is, for example, those linked to computers, mobile phones, videogames, household appliances. “Standard” products to which a whole world of connected objects is now added, from cars to domestic boilers; from machine tools to looms, new areas in the past almost exclusively dominated by mechanics in which the addition of intelligence within processes or products generates an exponential demand for microprocessors.

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