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…
Biden to hold meeting on semiconductor bill, White House says
WASHINGTON – President Joe Biden will meet virtually with chief executive officers and labor leaders on Monday as part of his administration’s latest push for legislation to boost the U.S. semiconductor industry.…
Senate Advances Massive Subsidy Bill For The Semiconductor Industry
Senate Advances Massive Subsidy Bill For The Semiconductor Industry Max Keating on July 20, 2022 The Senate voted 64-34 to advance a more modest version of a long-debated bill that would subsidize…
McConnell says Democrats must make concessions in semiconductor bill
WASHINGTON – Democrats in the U.S. House of Representatives must make “major concessions” to legislation that would provide government subsidies for semiconductor production or it will have “no chance of becoming law,”…
Israel’s Tower Semiconductor profit jumps amid pending sale to Intel
JERUSALEM – Tower Semiconductor on Thursday reported a higher than expected rise in quarterly profit, days after Intel Corp said it planned to buy the Israeli chipmaker. The company, previously called TowerJazz,…
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,…
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