Latest news with #AMIC
Business Insider
09-07-2025
- Business
- Business Insider
How Trump's One Big Beautiful Bill could be fresh fuel for the stock market's favorite AI names
Wall Street's favorite tech trade could be about to get a fresh boost. President Donald Trump signed the One, Big, Beautiful Bill Act into law on July 4, and there are some parts of the legislation that could unleash further gains for AI semiconductor stocks, Companies in the chip space are poised to receive a significant tax benefit as the administration intensifies its quest to incentivize chipmakers to build cutting-edge AI tech in the US. Under a provision of the bill, companies that break ground on new chipmaking facilities in the US before 2026 may be eligible for a 35% tax credit, up from 25%. Shay Boloor, Chief Market Strategist at Futurum Equities, said there are a handful of AI stocks that are most likely to benefit, flagging two immediate likely winners. " Intel and Micron get the most immediate lift," he said. "Intel's turnaround is tied to Foundry Services, and this credit is oxygen for their capex model. Micron, with its US-based memory investment, is a quiet winner too." He added that he still sees Nvidia as the sector's top name, noting that. Taiwan Semiconductor Manufacturing Company is likely to receive a boost as well. Others echoed Baloor's optimism around the bill's impact on AI chip stocks. "There can be little doubt that the Advanced Manufacturing Investment Credit (AMIC) under the OBBB will materially benefit the manufacturers of US fab plants, specifically for already announced investments by TSMC ($165B) and Micron ($200B), and to a lesser degree, Intel," said Scott Bickley, an advisory fellow at Info-Tech Research Group. Eugenia Mykuliak, Founder & Executive Director of financial services provider B2PRIME Group also highlighted the benefits for chipmakers that are either building semiconductor facilities on US soil or have plans to. "It could also boost stock performance for companies heavily invested in domestic chip fabrication plants, since investors like it when there's clear policy support for long-term growth," she said of the new policy. "It sends a strong message that the government is committed to backing the sector for the long haul, which helps companies plan with more confidence."
Yahoo
12-06-2025
- Business
- Yahoo
Micron Technology to Spend $200B to Boost Domestic Chip Production
Micron Technology on Thursday announced a $200 billion investment to boost semiconductor production in the U.S. Roughly $150 billion is scheduled to be used for fabs in three states and advanced high-bandwith memory packaging capabilities, and $50 billion for research and development. Micron has secured federal, state, and local funding, which includes as much as $6.4 billion from the CHIPS and Science Technology (MU) on Thursday became the latest major corporation to announce plans to expand domestic production following President Donald Trump's call for firms to boost American manufacturing. The chipmaker and the Trump administration said Micron will boost its U.S. investments to about $150 billion in memory manufacturing and $50 billion in research and development (R&D). Micron explained that most of the money would be used for "two leading-edge high-volume fabs in Idaho, up to four leading-edge high-volume fabs in New York, the expansion and modernization of its existing manufacturing fab in Virginia," as well as advanced high-bandwith memory (HBM) packaging capabilities. The company noted that it has already received federal, state, and local funding for the Idaho, New York, and Virginia fab work, including up to $6.4 billion from the CHIPS and Science Act. Micron added it expects all of the investments will be eligible for federal Advanced Manufacturing Investment Credit (AMIC). CEO Sanjay Mehrotra argued that this expansion "will reinforce America's technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors—critical to economic and national security." This week, General Motors (GM) announced it would spend $4 billion to increase vehicle production at three U.S. plants. Earlier this year, chipmaking giant Taiwan Semiconductor Manufacturing Co. (TSM) said it planned to invest $100 billion in U.S.-based chip manufacturing facilities, and Apple (AAPL) announced plans to spend more than $500 billion domestically over the next four years. Shares of Micron Technology were little changed today but are up 37% this year, trading at their highest level since last July. Read the original article on Investopedia Sign in to access your portfolio
Zawya
12-06-2025
- Automotive
- Zawya
Auto sales in Egypt climb 86.1% YoY in 4 months
Arab Finance: Automotive sales in Egypt rose by 86.1% year-on-year (YoY) in the first four months of 2025, reaching 43,700 units, versus 23,500 units in the year-ago period, according to a report from the Automotive Marketing Information Council (AMIC). Passenger car sales surged by 89% YoY during the four-month period to 33,900 units from about 17,900 units. The report also showed that sales of buses rose as well, reaching 2,000 units, up by 39.6% from 1,800 buses in the same period last year. Similarly, truck sales were up by 95.5% YoY, recording 7,200 units in the four-month period of 2025, versus 3,600 units. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Irish Post
03-06-2025
- Business
- Irish Post
Irish tech firm will invest £1.8m in cyber security initiative
A BELFAST based tech firm has announced an investment of nearly £2m into a cyber security initiative for the manufacturing sector. Angoka has confirmed it will support the development of a world leading cyber security solution for the industry with funding of £1.8m. The COSMIC (Cybersecurity for Operational Systems in Manufacturing and Industrial Control) initiative promises to deliver a solution to protect organisations from the threat of cyber-attacks due to the digitalisation of manufacturing systems. It is currently being developed in partnership with the Advanced Manufacturing Innovation Centre (AMIC) and with financial support from Invest NI. (l-r) Sam Turner, CEO of AMIC, Economy Minister Dr Caoimhe Archibald, Steve Berry, ANGOKA Chairman and Dr Vicky Kell, Director of Innovation, Research and Development at Invest NI Founded in 2019, Angoka has developed technology that allows machines to communicate securely without interference from hackers and cyber security threats. 'With cyber threats growing in both scale and sophistication, demand for solutions that protect online devices has surged across the globe,' Angoka Chairman, Steve Berry said. 'COSMIC is a reaction to the growing need for cyber security adoption in the advanced manufacturing sector due to the detrimental impact any breaches could have on the operational resilience of manufacturing facilities,' he added. 'Our new solution will allow us to expand our core offering and achieve ambitious growth targets. 'It will be designed for ease of deployment both on existing and new manufacturing equipment. 'This seamless deployment will be a key enabler for breaking into new markets across the globe.' Northern Ireland's Economy Minister Dr Caoimhe Archibald announced Angoka's investment this week. 'This investment by Angoka will help increase productivity, create good jobs, and boost innovation across two of our priority sectors - cyber security and advanced manufacturing,' she said. 'It is the result of collaboration between government, academia and the private sector and it has been enabled by the City and Growth Deal which established the Advanced Manufacturing Innovation Centre,' the minister added. 'So this announcement is a great example of our economic strategy paying dividends.' Over the next two years AMIC will support the development of the COSMIC solution through product testing, identification of target customers for commercial deployments and acting as a point of contact with industry groups. 'AMIC is at the heart of the innovation support system for Northern Ireland manufacturing,' AMIC CEO Sam Turner said. 'Led by Queen's University in partnership with industry, Antrim and Newtownabbey Borough Council and Ulster University, we support our industrial clients in transforming processes and introducing new cutting-edge innovative products,' he added. 'With our new Factory-of-the-Future opening in 2026 and our mission to drive growth, competitiveness and innovation, the AMIC team is delighted to support Angoka with this project.' See More: Angoka, Belfast, Cosmic, Cybersecurity, Manufacturing
Yahoo
02-06-2025
- Business
- Yahoo
New cyber security technology could create 'hundreds of jobs'
A Belfast-based cyber security firm is investing almost £2m in software to help prevent the advanced manufacturing sector from cyber attacks. ANGOKA, which was set up in 2019 has developed the technology which could be used on the likes of drones, trucks and automated buses as well as manufacturing equipment. It is being developed in partnership with the Advanced Manufacturing Innovation Centre (AMIC), one of the Belfast City Deal projects, with financial support from Invest NI. Fifteen jobs will be created in the next 18 months, but chairman Steve Berry said it could create hundreds of jobs in the years to come. "This is a world leading project and the biggest in the UK in advanced manufacturing and as a result we have organisations like Thales, Rolls Royce, Airbus that are also advising us," he said. Mr Berry said that the manufacturing sector in the UK alone totals tens of billions of pounds. "If we could become an important contributor to make those systems safer, there's going to be a lot of export opportunities, who knows where this could go?" he added. Economy Minister Caoimhe Archibald said this announcement will boost productivity. She said: "We have a persistent challenge in terms of productivity levels compared to both the south of Ireland and Britain. "The reason that is important is productivity is linked to prosperity and people's incomes and the greater productivity we can drive in our economy, the better that is for ordinary people and that's why investments like this are really important." Archibald said Northern Ireland is known for its cyber security expertise around the world. "We are a global leader and this announcement shines a spotlight on that and further enhances the offering that we do have here," she added. Sign in to access your portfolio
