In the last couple of days Semiconductor Technologies Limited (STL) has been making major strides in securing partnerships, deals and funding even as it seeks to cement its place with the big players in Semiconductor industry. It has been strategically boosting its manufacturing capabilities as it fosters economic growth and prosperity in Kenya and even in Africa. Being the first successful venture of its kind, it aims to muscle in the semiconductor value chain. strategically boost its manufacturing capabilities to foster economic growth and prosperity.
The company has received a significant boost with a $1.3 million grant from the US Trade and Development Agency (USTDA). This funding, part of the International Technology Security and Innovation Fund established by the CHIPS and Science Act of 2022, aims to enhance semiconductor fabrication capabilities in Kenya. The primary beneficiary, Semiconductor Technologies Limited (STL), is set to expand its production of older-generation chips at a commercial scale.
Major Partnerships and Future Prospects
STL, based at Dedan Kimathi University (DeKUT), recently signed a $250 million agreement with Baylis Emerging Markets to upgrade its chip factory and research lab during the recent AMCHAM 2024.This announcement followed a roundtable discussion involving Kenyan President William Ruto and US President Joe Biden, highlighting the strategic importance of this collaboration. Dr. Anthony Githinji, Managing Director of STL, and Franklin Olakunle Amoo from Baylis Emerging Markets were key figures in this meeting.
The US is further supporting this initiative through the National Science Foundation (NSF), which aims to bolster connections between US and Kenyan universities. Planned activities include workshops, planning grants, and infrastructure improvements, facilitated by NSF, GlobalFoundries, and Micron. These efforts are designed to equip Kenyan students with the necessary skills to thrive in the semiconductor industry.
Semiconductor Technologies Limited (STL) backed by USTDA and bolstered by international partnerships and educational support, marks a pivotal moment for the country. This initiative not only propels Kenya into the global semiconductor arena but also promises economic growth, technological advancement, and enhanced educational opportunities.
What you need to know
- Grant: $1.3 million from USTDA for Kenya’s chip industry.
- Purpose: Expand semiconductor fabrication in Kenya.
- Recipient: Semiconductor Technologies Limited (STL) at Dedan Kimathi University.
- Funding Source: International Technology Security and Innovation Fund, CHIPS and Science Act 2022.
- Recent Developments: STL signed a $250 million agreement with Baylis Emerging Markets.
- US Involvement: NSF to strengthen U.S.-Kenyan university connections.
- CHIPS and Science Act: $52.7 billion for U.S. semiconductor research and manufacturing.
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