Stock offerings were some of the most popular articles last month, despite the worsening global market conditions.
UK chip designer Sondrel floated on the junior London market AIM, raising funds to take on its larger competitors in Asia and develop more IP blocks. Another UK design house, Ensilica, also looked to acquisitions after its IPO earlier in the year.
At the same time, the IPO of Mobileye in Israel by parent company Intel on Nasdaq was significant for a number of reasons. The floatation documents highlighted new data on the use of Mobileye’s chips in assisted and automated driving systems. The shares were priced lower than expected, but saw a bounce in the market that helped Intel’s struggling financial figures.
The financial figures just after the floatation also highlighted Intel’s move to develop a foundry service with increased engagements with seven out of the top ten fabless companies. The company is also developing chiplets for a optical links between satellites in orbit.
ARM’s IPO from owner Softbank was also a key prospect, with a management re-shuffle looking to prepare.
Another major theme is of course the falling semiconductor market and the impact of the global recession. Despite its move to medical systems, Philips announced significant layoffs, while Renesas pointed to coming challenges in its latest results. This was also reflected the financial results of foundries that showed demand slowing.
This has not been helped by the increasing tensions between China and the US. The latest move in the Chip War is to impose restrictions on the US citizens working on the vital equipment in fabs in China. In the UK new prime minister Rishi Sunak is looking to build a global consensus on the Chip War.
New technologies are always popular articles, and the IEDM conference in December is highlighting the continuing development of chip technology at 1nm. European supercapacitor developer Skeleton Technologies also showed its latest battery that can charge in just 30s. It is part of a consortium with Shell to use the battery in mining equipment around the world.