Samsung Electronics estimated on Friday a more than 10-fold rise in its first-quarter operating profit, as rebounding semiconductor prices lifted earnings from a low base a year ago when there was a severe downturn in chip demand. The world’s largest memory chip and TV maker estimated its operating profit rose to a better-than-expected 6.6 trillion … Read more
The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough last year, people familiar with the matter said. Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It … Read more
PENANG, Malaysia: Construction cranes still surround the brand-spanking-new plant in Kulim’s industrial park in Malaysia. But inside, legions of workers hired by Austrian tech giant AT&S are already gearing up to produce at full capacity by year’s end. Outfitted in head-to-toe coveralls, with oversized safety glasses and hard hats, they’re reminiscent of the worker bees … Read more
Industries and IT Minister D.Sridhar Babu (centre), Spl Secy (Investment Promotion and External Engagement) Vardhan Reddy (left) during the meeting with senior executives of ASIP and APACT in Hyderabad on Wednesday. Â | Photo Credit: Arrangement A joint venture of Hyderabad-based Advanced System in Package Technologies (ASIP) and South Korean semiconductor firm APACT has proposed … Read more
M.K. Stalin, T.N. Chief Minister; Piyush Goyal, Union Minister of Commerce Industry, Consumer Affairs, Food and Public Distribution and Textiles; T.R.B. Raja, Minister for Industries, Investment Promotions and Commerce; Venu Srinivasan, Chairman, TVS Motors; and foreign delegates releasing the Tamil Nadu Semiconductor and Advanced Electronics Policy during GIM 2024 in Chennai on Sunday. | Photo … Read more
National Security Advisor (NSA) Ajit Doval meets his United States counterpart Jake Sullivan, in New Delhi on Tuesday. | Photo Credit: ANI India’s National Security Adviser (NSA) Ajit Doval and the American NSA Jake Sullivan met in New Delhi on June 13 and discussed regional and global issues of mutual relevance, a press note issued … Read more
Beijing: China‘s Foreign Minister Qin Gang urged Japan to refrain from supporting US efforts to suppress the Chinese semiconductor industry, while his counterpart pressed for the swift return of a Japanese citizen detained by Beijing. During a meeting with his Japanese counterpart Yoshimasa Hayashi in Beijing on Sunday, Qin said a chip blockade will only … Read more
“There is no question related to the demand situation for next two-three quarters as there are supply side constraints impacting but despite all this adverse situation company’s profitability will improve in Q3 and interestingly semiconductor issue also seems to be now slowly getting much better,” says Mitul Shah, Reliance Securities. The street seems to be … Read more
Vedanta, the Indian multinational mining company, has reportedly selected Gujarat for its upcoming semiconductor project. This will be the company’s first major step in its $20 billion (roughly Rs. 1,59,070 crore) joint venture with Taiwanese electronics manufacturer Foxconn. The company has reportedly obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from … Read more
US President Joe Biden signed an order to implement the 2022 CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The US government’s implementation plan worth $52.7 billion (nearly Rs. 4,21,000 crore) aims at encouraging chip manufacturing and research in the country. The bill is expected to … Read more