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 says chip companies complying with Russia export controls
TAIPEI – Taiwan’s semiconductor companies are complying with government export controls to Russia, put in place as part of sanctions on Moscow for invading Ukraine, the Economy Ministry said on Sunday. Taiwan,…
U.S. governors urge swift action on $52 billion chip funding bill
By David Shepardson – A bipartisan group of 22 governors Thursday urged leaders in Congress to move quickly to finalize $52 billion in government funding to subsidize the production of semiconductor chips.…
Bosch to invest additional 250 million euros in chip production capacity
BERLIN – Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. The Reutlingen site had…
Volkswagen expects chip shortage to ease later in 2022
BERLIN – German carmaker Volkswagen expects a continued hit from a shortage of semiconductors this year, although it should be able to ramp up production in the second half of the year,…
Ford suspends or cuts output at plants due to chip shortage
DETROIT – Ford Motor Co said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage. The U.S. automaker…
Intel launches blockchain chip to tap crypto boom
– Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship…
White House tells chip industry to brace for Russian supply disruptions
By Alexandra Alper and Karen Freifeld WASHINGTON – The White House is warning the chip industry to diversify its supply chain in case Russia retaliates against threatened U.S. export curbs by blocking…
Bosch CEO expects chip shortage to ease significantly in second half
BERLIN – Bosch CEO Stefan Hartung expects the chip shortage to lessen significantly in the second half of this year, he said at a press conference on Thursday, adding he hoped businesses…
Big European nations likely to gain the most from EU chip push
By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS – The European Commission’s plan to make the continent more lucrative for investing in semiconductor factories will likely skew the benefits towards larger countries…
Tesla cut steering component from some cars to deal with chip shortage – CNBC
– Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter sales goals…
Volkswagen does not see chip shortage ending this year – Automobilwoche
BERLIN – Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted as saying…
Porsche expects another record year for sales despite chip shortage – Automobilwoche
BERLIN – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look…
Ford to suspend or cut output at 8 of its factories due to chip shortage
SAN FRANCISCO – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a…
Automakers, chip firms differ on when semiconductor shortage will abate
By Hyunjoo Jin SAN FRANCISCO – Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers,…
Toshiba to invest $1 billion to double power chip production
TOKYO – Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with power chip…
‘Win The Hearts’: Chip Roy, Grover Norquist Weigh In On The Republican Party’s Future In DCNF Debate
Texas Rep. Chip Roy and Grover Norquist, the president of Americans for Tax Reform (ATR), spoke at a debate hosted by the Daily Caller News Foundation on Wednesday to discuss the future…
AMD’s stellar report fuels chip stock rally
By Noel Randewich – Shares of chipmakers Nvidia Corp, Qualcomm Inc and Micron Technology Inc got a lift in extended trade on Tuesday after Advanced Micro Devices Inc reported strong quarterly demand…
EU aims to invest billions euros in chip push, EU’s Breton says
By Jan Strupczewski BRUSSELS – The European Union aims to invest tens of billions of euros to bolster its chip industry and double its share of global production to 20%, the bloc’s…
STMicro to double investments to meet high chip demand
By Mathieu Rosemain PARIS -French-Italian chipmaker STMicroelectronics plans to double its investments this year to up to $3.6 billion, buoyed by high demand that drove its earnings to beat expectations in the…
Toshiba says has restarted some chip production at quake-hit plant
TOKYO – Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the…
Commerce Secretary Gina Raimondo Says Chip Crisis Is ‘Extremely Urgent,’ Begs Congress To Pass Investment Bill
Secretary of Commerce Gina Raimondo issued a report Tuesday highlighting the dire state of the ongoing semiconductor shortage in the U.S. and urged lawmakers to pass legislation funding domestic chip manufacturing. The…
Samsung Elec says chip manufacturing facilities in Xian, China back to normal
SEOUL – Samsung Electronics Co Ltd said on Wednesday that its semiconductor manufacturing facilities in Xian, China, have returned to normal operation. A surge of COVID-19 cases and tough travel curbs in the…
‘Will You Chip In $10?’ — Elizabeth Warren Accuses Elon Musk Of ‘Freeloading’ As She Fundraises Off Twitter Spat
Democratic Sen. Elizabeth Warren is asking voters for donations after a high-profile Twitter spat with billionaire Elon Musk in which she accused the Tesla CEO of “freeloading.” Warren’s verified Facebook page is…
Tech Giant To Invest $17 Billion In Texas Chip Project
Tech giant Samsung is poised to announce a $17 billion investment in a semiconductor manufacturing plant located in Taylor, Texas. The facility is estimated to create 1,800 jobs and will begin producing…
‘Basically Inviting The Entire World’: Chip Roy Slams Biden Admin Over Open Border Policies
Samantha Renck on October 5, 2021 Republican Rep. Chip Roy of Texas spoke with the Daily Caller News Foundation’s Samantha Renck about a recent announcement by Homeland Security Secretary Alejandro Mayorkas, the…
Breaking News
