Biden will insist that raising debt limit is not ‘bargaining chip’ -White House
WASHINGTON (Reuters) – U.S. President Joe Biden will insist in his State of the Union address that raising the debt limit of the United States is not negotiable and should not be…
Taiwan vows to protect its firms’ interests at U.S.-led ‘Chip 4’ group
TAIPEI (Reuters) – Taiwan will use the new U.S.-led “Chip 4” group to safeguard the interests of Taiwanese companies and to ensure supply chain resilience, a deputy minister said on Wednesday, though…
Taiwan says it has not been informed of ‘Chip 4’ meeting
TAIPEI (Reuters) -Taiwan said on Friday it has not been informed about a so-called ‘Chip 4’ meeting that would include it, the United States, South Korea and Japan but added the island…
As US eyes new China chip curbs, turmoil looms for global market
By Joyce Lee SEOUL – Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply…
SK Hynix says has developed its most advanced 238-layer storage chip
SEOUL – South Korea’s SK Hynix Inc has developed its most advanced NAND flash chip made up of 238 layers of memory cells for use in PC storage devices and later smartphones…
Michigan working to attract chip manufacturers under new U.S. bill – governor
By David Shepardson WASHINGTON – Michigan Governor Gretchen Whitmer said the state is well positioned to attract new investment in semiconductor chips manufacturing after Congress passed $52 billion in new subsidies. “The…
China says U.S. chip act will distort global semiconductor supply chain
HONG KONG – China’s commerce ministry said on Friday that a major new chips act passed by the U.S. Congress will distort the global semiconductor supply chain and disrupt international trade. The…
U.S. Congress passage of subsidies prompts chip makers to move on projects
By Jane Lanhee Lee (Reuters) – Major semiconductor makers on Thursday hailed passage in the U.S. Congress of a pot of federal government money for new chip factories in the United States,…
Chip crunch easing could weigh on pricing power, Tavares says
MILAN – A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers’ pricing power that has been boosting earnings across the industry in recent…
Gartner forecasts chip sales growth to slow down in 2022, fall next year
By Supantha Mukherjee STOCKHOLM – IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year, hurt by weak sales…
Valeo posts profit beat amid ‘improving’ chip shortage, EV adoption accelerates
(Reuters) – French car parts maker Valeo on Tuesday posted slightly better-than-expected half-year core profit and reiterated its full-year guidance, citing a projected increase in global car output. Valeo’s half-year earnings before…
Logitech CEO sees semiconductor chip shortage over by end of 2022
ZURICH – Logitech International is seeing the impact of the global semiconductor chip shortage moderating, Chief Executive Bracken Darrell said on Tuesday, saying he expects problems to be overcome by the end…
Taiwan Q2 GDP to gain from chip exports, but face COVID headwinds – Reuters poll
TAIPEI – Taiwan’s trade-reliant economy is expected to have expanded on the back of strong global demand for computer chips, though COVID-19 lockdowns in top export market China and a surge in…
Global manufacturers see chip shortage easing
By John Revill and Supantha Mukherjee ZURICH/STOCKHOLM – Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost…
SkyWater unveils plans to build $1.8 billion chip facility in Indiana
By Jane Lanhee Lee (Reuters) – U.S. semiconductor manufacturer SkyWater Technology Inc on Wednesday announced plans to invest $1.8 billion for a chip research and production facility in Indiana, in partnership with…
GlobalFoundries CEO: New York chip factory likely delayed if U.S. subsidy bill fails
By Stephen Nellis and Jane Lanhee Lee (Reuters) – A planned semiconductor factory in upstate New York will likely be delayed if a bill to bolster the U.S. computer chip industry fails…
Nancy Pelosi’s Husband Buys Millions In Chip Stocks Right Before Vote On Massive Chip Subsidy
Nancy Pelosi’s Husband Buys Millions In Chip Stocks Right Before Vote On Massive Chip Subsidy Gabe Kaminsky on July 15, 2022 House Speaker Nancy Pelosi’s husband Paul bought up to $5 million…
Japan business mood subdued on chip shortage, raw material costs – Reuters Tankan
By Daniel Leussink TOKYO – Confidence at Japanese manufacturers in July was subdued, a Reuters poll showed, reflecting pressure from a problematic chip shortage, China’s heavy pandemic response and a weak yen…
Chip crunch to cut Stellantis’ Italy 2022 output by up to 220,000 vehicles -union
MILAN – A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the FIM CISL union said, adding this would…
Chip exports to Russia plunged by 90% after curbs-U.S. official
WASHINGTON – Global exports of semiconductors to Russia have plummeted by 90% since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, U.S. Commerce Secretary Gina…
Chip shortages result in record wire fraud reports by desperate buyers
By Jane Lanhee Lee WASHINGTON D.C – A severe semiconductor shortage has resulted in record wire fraud cases last year reported by desperate buyers, a company that tracks counterfeit and fraud in…
Easing chip shortages to help Volkswagen in H2 – CEO
BERLIN – Volkswagen sees a strong second half of 2022 and expects progress in catching up with rival Tesla as easing chip shortages start to offset supply chain bottlenecks and rising costs,…
Singapore May manufacturing output up 13.8% y/y amid chip shortage
SINGAPORE – Singapore’s industrial output in May beat forecasts and grew 13.8% year-on-year, due to strong demand from 5G markets and data centres amid a global semiconductor chip shortage, official data showed…
Samsung’s Lee discusses smooth supply of “essential” chip equipment with ASML’s Wennink
SEOUL – Samsung Electronics Vice Chairman Jay Y. Lee met with ASML Holding NV CEO Peter Wennink on Tuesday to discuss cooperating over the adoption of high-end chip equipment, Samsung said on…
China’s smartphone makers chip away at Samsung, Apple’s Russian market share
(Reuters) – China’s market share in the Russian smartphone market jumped significantly in May as manufacturers like Apple and Samsung paused new sales in Russia and Western sanctions weighed on the Russian…
Food deliverer Delivery Hero drops out of Germany’s blue chip index
BERLIN – Food deliverer Delivery Hero will drop out of Germany’s blue chip stock index DAX replaced by consumer goods maker Beiersdorf from June 20, stock market operator Deutsche Boerse said on…
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