What are the topics covered? There’s Texas Instruments announcing dozens of Arm Cortex-M0+ based MCUs, weaker revenues at the compound wafer specialist, our full guide to news from Emebdded World 2023 in Nuremberg, the RRAM spin-out from UCL securing £7m in funding, and a breakdown of the massive number of layoffs seen in the tech sector…
5. Embedded World: TI jumps into Cortex-M0+ with both feet
At Embedded World in Nuremberg today, Texas Instruments announced dozens of Arm Cortex-M0+ based microcontrollers, designed to allow users to switch from device to device to trade performance for cost. “TI is building the industry’s most comprehensive portfolio of Arm Cortex-M0+ based MCUs,” claimed TI MCU v-p Vinay Agarwal. Two be known as MSPM0, there are initially two sub-groups, one clocking at 32MHz and the other at 80MHz.
4. IQE warns of weaker than expected H1 revenues
IQE, the compound wafer specialist, says its H1 revenues will be lower than expected because of weaker demand leading to inventory build-up throughout the supply chain. “This reduction in customer orders and forecasts is expected to result in a decline of approximately £30 million in reported revenues for H1 2023,” says IQE. H1 2022 revenues were £86 million so a £30 million fall for H1 2023 is substantial.
3. Embedded World 2023: Get the full Electronics Weekly Guide
A roundup of the latest electronics news from Embedded World 2023, the major show running from 14-16 March in Nuremberg. The event covers automotive, military, telecoms, industrial and consumer electronics sectors. A full listing of all our stories is included.
2. Intrinsic raises £7m
Intrinsic Semiconductor Technologies, the RRAM spin-out from UCL, has secured £7 million in a funding round led by Octopus Ventures and supported by existing investors IP Group and the UCL Technology Fund plus £1m from Innovate UK. The company had previously already received seed funding from UCLB, UCL Technology Fund and IP Group. The new funding will support the expansion of its engineering team to bring its product to market.
1. Tech Lay-Offs [Mannerisms]
Since the beginning of the year, more than 120,000 employees have been laid off at tech-related companies, which is around 75% of the tech and startup workforce let go in all of 2022. Tech giants like Amazon, Meta and Twitter have carried out mass layoffs with Amazon topping the global ranking for corporations with the most laid-off employees with 18,000 layoffs.
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