Blow to India? Taiwan's Foxconn abandons $19.5 billion chipmaking joint venture with Vedanta, but seeks local incentives for new project
TECHNOLOGY POWERING BUSINESS
News Components
Samsung Warns Of 96 Percent Q2 Profit Plunge
Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent
Broadcom Signals $1 Billion Investment In Spain
CEO of American Broadcom manufacturer confirms $1 billion investment into EU program to develop chip industry in Spain
Chinese Chip Material Export Retaliation ‘Just A Start’
Trade war escalation. Chinese trade policy advisor warns Beijing's export restrictions on gallium and germanium are “just a start”
China Orders Export Restrictions On Chip Materials
China introduces restrictions on gallium and germanium, critical for chip and communications manufacturing, amidst worsening trade tensions
Research Finds AMD AI Chip Rivals Nvidia Dominance
Tests by AI firm find AMD AI chip MI250 reaches 80 percent of performance of Nvidia A100 with path to equivalency amidst booming demand
Jailed S Korean Chip Executive Protests Innocence
Jailed former Samsung executive denies stealing chip industry secrets as South Korean prosecutors plan to begin trial later this month
Netherlands Blocks More Chip Equipment Sales To China
Netherlands introduces further chip equipment export restrictions ahead of expected tightening of US rules, as allies target China
South Korea Claims Former Samsung Employee Stole Chip Secrets
Indictment by South Korean prosecutors claims former Samsung employee tried to use stolen Samsung secrets in China chip plant deal
Japan Buys Out JSR As It Drives Chip Equipment Sector
Japanese government to buy out chip materials maker JSR as it seeks to take advantage of US-China tensions to boost domestic edge
Intel Restructures Manufacturing Business, Shares Slide
During investor update, Intel confirms manufacturing business will work like a separate unit as part of Pat Gelsinger's foundry plan
Intel Reaches Deal With Germany Over Magdeburg Chip Plant
Intel reaches agreement with Germany government over 10bn euros in subsidies for planned Magdeburg facility, as costs soar
Jaguar Land Rover Looks To AI To Secure Supply Chain
Jaguar Land Rover to embed AI in supply chain to help predict and avoid disruption, following years of chip shortages and Covid-19 chaos
Intel Invests $25bn In Israel Chip Plant
Intel to spend $25bn on new chip plant in Israel as governments pressure chip companies to diversify supply chains away from Asia
Foxconn Boss Discusses iPhone Plant Chaos, EV Plans
Foxconn chief executive says company shifting supply lines out of China as it prepares for worst-case scenario, as it makes EV bet
ARM In Talks With Potential IPO Investors – Report
Talks with potential 'anchor investors' in ARM's upcoming IPO may include Intel, Alphabet, Apple, Microsoft, TSMC, Samsung etc
China Launches Supply Chain Expo Amidst US Pressure
China to host world's first national supply chain expo in Beijing in November as US and allies introduce chip sanctions
EU Approves €8 Billion in State Subsidies for Tech Research
European Commission approves 8.1 billion euros ($8.7 billion) of state aid for microelectronics and communication tech projects
TSMC Defends Overseas Expansion Amidst Political Tensions
Taiwan's TSMC defends investment in overseas plants to shareholders as geopolitical tensions between US and China continue to intensify
France Contributes 2.9bn Euros To New Chip Plant
France to contribute 2.9bn euros to planned STMicroelectronics and GlobalFoundries semiconductor plant planned in Crolles
China Urges Japan To Drop Chip Export Restrictions
Minister hits back and says China is “strongly dissatisfied with” Japan’s decision to halt the export of chipmaking equipment
Nvidia Briefly Hits $1 Trillion Valuation
GPU powerhouse Nvidia briefly joins elite $1 trillion valuation club, after its share price continued to rise amid AI boom
Arm Rolls Out Next-Gen Smartphone Chip Tech
UK-based Arm announces Cortex-X4 core and Immortalis-G720 GPU for next-gen smartphone processing, AI and ML performance
Apple Signs Multi-Billion Dollar Deal With Broadcom For US Chips
Apple expands its US chip sourcing with multi-billion dollar deal with Broadcom, as the iPhone maker defocuses from China
China Bans Micron From Key Infrastructure
China internet regulator finds Micron products pose 'major security risk', amidst growing tensions with US
UK Government Unveils Long-Awaited £1 Billion Semiconductor Strategy
Long-awaited government strategy for UK semiconductor strategy unveiled, but some critics argue it is not enough
Kioxia, Western Digital ‘Accelerate’ Merger Talks
Toshiba memory spin-off Kioxia and Western Digital said to accelerate merger talks amidst oversupply, falling demand
India To Reopen Applications For $10bn Chip Incentives – Report
Bad news for China? India is to reopen application process for $10bn in incentives to build local chip factories
US Warns Of Economic Damage If China Invades Taiwan
Chinese invasion of Taiwan would likely shut down chip production, causing huge economic impact for the world, US warns
ARM Files For IPO, But Not In London
Softbank's ARM Holdings registers for public listing in the US, in a blow to UK listing hopes and high level lobbying