Japan approves $3.9 billion in subsidies for chipmaker Rapidus
By Sam Nussey TOKYO (Reuters) - Japan's industry ministry said on Tuesday it has approved subsidies worth up to 590 billion yen ($3.9 billion) for chip foundry venture Rapidus as Tokyo pushes forward with plans to rebuild the country's chip manufacturing
Japan chipmaker Rapidus to open U.S. office by year-end
By Kaori Kaneko TOKYO (Reuters) - Japanese chip foundry venture Rapidus plans to open an office on the West Coast of the United States by the end of this year, TV Tokyo reported on Tuesday citing the company's president. "It is extremely
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 to protest plans to take their rural land for cutting-edge chip
Chipmaker GlobalFoundries seeks funding under CHIPS Act
By Jaspreet Singh (Reuters) - Contract chipmaker GlobalFoundries said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its local manufacturing facilities. The CHIPS and Science Act provides a total of $52.7 billion
Chip shortage in Germany’s car industry will last years
By Riham Alkousaa Chip shortage: BERLIN (Reuters) - Semiconductor shortages that have created bottlenecks for Germany's car industry will take years to resolve despite chipmakers' plans to build factories in the country, a senior Audi manager was quoted as saying on
Nvidia launches new AI chip configuration
By Max A. Cherney (Reuters) - Nvidia announced a new configuration on Tuesday for its advanced artificial intelligence chips that is designed to speed generative AI applications. The new version of the Grace Hopper Superchip boosts the amount of high-bandwidth memory, which
Chinese chipmaker Hua Hong seeks up to $2.95 billion in mainland listing
By Dominique Patton and Amy Lv BEIJING (Reuters) - Chinese chipmaker Hua Hong Semiconductor said on Sunday it aims to raise up to 21.2 billion yuan ($2.95 billion)in a listing on the Shanghai stock exchange. The country's second-largest chip foundry will sell
Apollo Global leads debt investment in chipmaker Wolfspeed
By Chandni Shah (Reuters) - A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing
South Korea vows support for its chip sector amid China-US tension
By Joyce Lee SEOUL (Reuters) - South Korea pledged support for its chip sector on Thursday, with President Yoon Suk Yeol describing competition in the industry as an "all-out war" amid heightened Sino-U.S. tension. Earlier in the day, Yoon met with about