Burry, famous for ‘Big Short,’ places bearish bet against semiconductor ETF
By Carolina Mandl and Saqib Iqbal Ahmed NEW YORK (Reuters) – Hedge fund manager Michael Burry, whose bets against the U.S. housing market before the 2008 financial crisis were chronicled in the…
Intel to offer foundry services to Tower Semiconductor after acquisition deal falls through
(Reuters) – Intel will offer foundry services to Tower Semiconductor in a new deal that will see the Israeli contract chipmaker invest $300 million in Intel’s New Mexico factory, the companies said…
Intel terminates plan to buy Tower Semiconductor
(Reuters) – Intel said on Wednesday it has terminated its plans to acquire Israeli contract chipmaker Tower Semiconductor as it was unable to get timely regulatory approvals for the $5.4 billion deal.…
Biden Admin To Impose Harsher Restrictions on Chinese Semiconductor Industry
Biden Admin To Impose Harsher Restrictions on Chinese Semiconductor Industry Will Kessler on August 9, 2023 The Biden administration is planning to ban investments in some Chinese companies that are involved in…
US reports big interest in $52 billion semiconductor chips funding
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday that more than 460 companies have expressed interested in winning government semiconductor subsidy funding in a bid to boost…
China says it will resolutely object if U.S. curbs investment in semiconductor industry
BEIJING (Reuters) – China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China’s commerce ministry on Thursday. Shu said…
Chipmaker Arm to make its own semiconductor – FT
(Reuters) – British chipmaker Arm Ltd is building its own semiconductor to showcase the capabilities of its products, as it seeks to attract new customers and fuel growth following its Initial Public…
Biden says US to likely invest billions in semiconductor packaging in Canada
OTTAWA (Reuters) – The United States will probably be investing billions of dollars in packaging semiconductors in Canada, U.S. President Joe Biden said on Friday during a news conference with Canadian Prime…
Exclusive: Semiconductor manufacturer Infinera explores sale -source
By Milana Vinn (Reuters) – Infinera Corp, a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China’s Huawei, is exploring options that include a sale of the company, according…
U.S. economic resilience could add luster to semiconductor shares
By Lewis Krauskopf NEW YORK (Reuters) – Signs of a resilient U.S. economy are boosting the appeal of semiconductor stocks, even as worries over the Federal Reserve’s monetary policy tightening weigh on…
Japan tightens Russia sanctions after deadly missile strikes in Ukraine
TOKYO (Reuters) -Japan tightened sanctions against Russia on Friday following its latest wave of missile attacks in Ukraine, adding goods to an export ban list and freezing the assets of Russian officials…
Energy politics cloud Mexican bid to join U.S. semiconductor rush
By Dave Graham MEXICO CITY (Reuters) – Mexico’s hopes of reaping an investment windfall from a U.S. drive to boost North American semiconductor production risk foundering on companies’ concerns over energy supply,…
Germany could become Europe’s big semiconductor producer – Scholz
BERLIN (Reuters) – Germany could become Europe’s big producer of semiconductors thanks to investments being made in the field, said German Chancellor Olaf Scholz at a digital summit on Friday. “This would…
China’s BYD scraps IPO plan for semiconductor unit
HONG KONG (Reuters) -Chinese automaker BYD Co Ltd said on Tuesday it had scrapped plans to list its semiconductor unit in China, saying a move to increase investments in wafer production would…
Deutsche Bank names head of semiconductor sector within TMT group
(Reuters) – Deutsche Bank has hired Robert Lee as managing director and head of the semiconductor sector within its technology, media & telecom (TMT) group in the Americas, according to an internal…
Stellantis expects semiconductor supply to be fixed by end of 2023
PARIS (Reuters) – Carmaker Stellantis expects the shortage in the supplies of semiconductor chips to be fixed by the end of 2023 and inflation to be under control in one or two…
Renault CEO: problems remain regarding supplies of semiconductor chips
PARIS (Reuters) – Renault and other carmakers are still facing problems regarding the global shortage of semiconductor chips needed in the car industry, Renault Chief Executive Luca de Meo told the Paris…
Lawmakers press U.S. Commerce for tougher checks on semiconductor chip subsidies
By David Shepardson WASHINGTON (Reuters) – A group of Democratic lawmakers wants the U.S. Commerce Department to take additional steps to ensure semiconductor companies do not use government subsidies to conduct stock…
Semiconductor shares jump after EU introduces single charging port
LONDON (Reuters) – Shares in European semiconductor manufacturers rose on Tuesday after the European Parliament approved rules to introduce a single charging port for mobile phones, tablets and cameras to be in…
U.S. picks team to oversee $52.7 billion in semiconductor funding
By David Shepardson WASHINGTON (Reuters) – The Biden administration on Tuesday named a team of senior advisers to oversee $52.7 billion in government funding to boost semiconductor manufacturing and research. Commerce Department…
U.S. says it will limit size of semiconductor chips grants
By David Shepardson WASHINGTON – The U.S. Commerce Department said late on Friday it will limit the size of government subsidizes for semiconductor manufacturing and will not let firms use funding to…
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…
Majority of U.S. House backs sweeping semiconductor bill
WASHINGTON – The U.S. House of Representatives on Thursday passed sweeping legislation to subsidize the domestic semiconductor industry as it competes with companies in China and other countries. As voting continued, the…
Majority of U.S. House backs sweeping semiconductor bill
WASHINGTON – The U.S. House of Representatives on Thursday passed sweeping legislation to subsidize the domestic semiconductor industry as it competes with companies in China and other countries. As voting continued, the…
Factbox: U.S. Congress poised to pass long-awaited China semiconductor bill
By Patricia Zengerle and David Shepardson WASHINGTON – The U.S. House of Representatives plans to give final passage on Thursday to sweeping legislation to boost the U.S. semiconductor industry as it competes…
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…
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