semiconductors

SEALSQ Corp has acquired a 28.30% stake in WeCan Group SA, a Swiss blockchain innovator. This strategic investment aims to accelerate the development of quantum-resilient, blockchain-based security solutions for finance, IoT, and Web 3.0. The partnership will integrate post-quantum cryptography, PKI, and blockchain compliance platforms, enhancing KYC/KYB solutions, fortifying IoT devices, and expanding decentralized identity offerings.

Wolfspeed, a SiC semiconductor leader, filed for Chapter 11 bankruptcy to restructure and reduce its $6.5 billion debt. The company secured $275 million in financing and aims to exit bankruptcy by Q3. Facing headwinds including reduced EV demand, high cash burn, and delayed government funding, Wolfspeed is restructuring to focus on high-growth sectors while cutting costs and shedding operations. This move highlights the semiconductor industry’s volatility, particularly impacting EV and renewable energy.

The United States has reportedly restricted exports of crucial technologies to China, impacting key sectors like aerospace and semiconductors. The restrictions, impacting the development of the COMAC C919 aircraft, are seen by Beijing as an overreach of national security concerns. China’s Ministry of Foreign Affairs condemned the US actions, emphasizing its commitment to international norms in its export controls and advocating for dialogue and cooperation.

NVIDIA denies plans to establish a chip design center or modify GPU blueprints in China for export compliance, asserting strict adherence to U.S. regulations. While exploring expanded corporate offices in Shanghai, the company maintains technical firewalls, balancing its 10% China-derived revenue amid tightened U.S.-China tech trade restrictions post-2023 export controls.