US awards $1.5 billion to GlobalFoundries for domestic semiconductor production
By Doina Chiacu WASHINGTON (Reuters) – The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen…
Samsung sees tech devices demand recovering in 2024 after record chip loss
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter…
US to announce billions in subsidies for advanced chips
By Rishabh Jaiswal (Reuters) – President Joe Biden’s administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor…
SK Hynix logs surprise Q4 profit, aims to be ‘total AI memory chip provider’
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s SK Hynix Inc said on Thursday it will focus on high-end memory semiconductors used in artificial intelligence chipsets this…
US chip stocks tumble after strongest year since 2009
By Noel Randewich (Reuters) – U.S. chip stocks added to a string of losses on Wednesday, with Wall Street‘s main semiconductor benchmark tumbling from record highs following its strongest year…
U.S. wants to contain China’s chip industry. This startup shows it won’t be easy
By John Shiffman and Joshua Schneyer WASHINGTON (Reuters) – Last year, a veteran Silicon Valley software executive took the helm of a startup in his native China, company records show.…
From scarcity to AI, get prepared to the chip supremacy race
Semiconductors are the main element behind a multitude of products we use every day, from cars to generative artificial intelligence apps such as ChatGPT. Mckinsey called them “the unsung heroes…
Rapidus hunts for engineers to help Japan regain faded chip glory
By Sam Nussey, Miho Uranaka and Tim Kelly TOKYO (Reuters) – Government-backed Japanese chip foundry venture Rapidus is hunting high and low – including among industry veterans and overseas –…
Taiwan’s land squeeze pits advanced chips against ancestral temples
By Sarah Wu HSINCHU/LONGTAN, Taiwan (Reuters) – Wearing rain ponchos and holding photos of their ancestral temples near Hsinchu, Taiwan’s semiconductor capital, 40 residents braved lashing winds in early October…
Samsung Q3 profit set to slump 80% as chip losses persist
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses…