China on Wednesday criticized a US law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business. The law signed this week by President Joe Biden promises $52 billion (roughly Rs. 4,11,300 crore) in grants and other aid to investors in US chip factories. … Read more
US President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion (roughly Rs. 4,19,400 crore) in subsidies for US semiconductor production and research and to boost efforts to make the US more competitive with China’s science and technology efforts. “The future is going to be made in America,” Biden said, calling the measure “a once-in-a-generation … Read more
One aspect of Nancy Pelosi’s trip to Taiwan that has been largely overlooked is her meeting with Mark Lui, chairman of the Taiwan Semiconductor Manufacturing Corporation (TSMC). Pelosi’s trip coincided with US efforts to convince TSMC – the world’s largest chip manufacturer, on which the US is heavily dependent – to establish a manufacturing base … Read more
Italy is close to clinching a deal initially worth $5 billion (roughly Rs. 39,600 crore) with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters on Thursday. Intel’s investment in Italy is part of a wider plan announced by the US chipmaker earlier this year to invest $88 … Read more
The head of Taiwanese tech giant TSMC warned an invasion of the island would render his factory “not operable” as tensions rise ahead of a potential visit by US House Speaker Nancy Pelosi. On Monday, Pelosi kicked off an Asia tour that has been shrouded in secrecy, with much speculation but no confirmation on whether … Read more
President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion (roughly Rs. 4,14,800 crore) in subsidies to cut reliance on foreign sourcing for the vital component. Speaking to senior economic and national security staff and representatives from manufacturers and a trade union, Biden said government backing for … Read more
A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China’s latest COVID-19 lockdown, and the war in Ukraine dampened consumer spending, especially on PCs … Read more
Taiwan’s GlobalWafers will spend $5 billion (roughly Rs.39,320 crore) on a new plant in Texas to make silicon wafers used in semiconductors, switching to the United States after a failed European investment. The company said late Monday the new plant, manufacturing 300-milimetre silicon wafers, would start being built later this year and generate as many as … Read more
India on Friday said it will expand its incentives for those investing in semiconductor manufacturing, as its government woos global companies in a bid to become a key player in the global supply chain for chips. A $10 billion (roughly Rs. 76,523 crore) incentive plan to attract semiconductor and display makers has drawn applications from … Read more
India on Friday said it will expand its incentives for those investing in semiconductor manufacturing, as its government woos global companies in a bid to become a key player in the global supply chain for chips. A $10 billion (roughly Rs. 76,523 crore) incentive plan to attract semiconductor and display makers has drawn applications from … Read more