Japan is expected to announce a new defence agreement among several deals with Thailand on Monday during a visit by Prime Minister Fumio Kishida, the last leg of his three-nation tour of Southeast Asia. The agreement, details of which have yet to be disclosed, would facilitate transfers of defence hardware and technology from Japan to […]
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Chipmaker Intel Corp forecast second-quarter revenue and profit below Wall Street expectations on Thursday on worries of weak demand in its largest market, PCs, and increased supply-chain uncertainty due to COVID-19 lockdowns in China. Shares of the company fell 5 percent in after-market trading. Rising inflation, resurgence of COVID-19 in China and uncertainties around the […]
Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy’s contraction in the first quarter. The Facebook parent surged 17.6 percent after the social network reported a larger-than-expected profit and rebounded from a drop in users. […]
Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100 percent renewable energy, a person familiar with the matter said, as partners such as Apple Inc push it for action against climate change. Samsung, the world’s biggest chipmaker, is late to the green power pledge: It’s been […]
The U.S. Department of Justice on Monday announced the indictment of two Europeans for allegedly conspiring with a recently sentenced American cryptocurrency researcher to help North Korea evade U.S. sanctions. Alejandro Cao de Benos of Spain, who founded a pro-Pyongyang affinity organization, and Christopher Emms of Britain, a cryptocurrency businessman, were accused of recruiting the […]
Taiwanese electric scooter maker Gogoro Inc has all the chips it needs for now, founder and Chief Executive Horace Luke said on Tuesday, but could face a squeeze by year-end as it pushes big plans to grow in China, India and Southeast Asia. While a global shortage of semiconductors has slammed auto makers, Luke told […]
Mercedes-Benz aims to produce electric cars consuming as little as 10 kilowatt hours of energy per 100 km (62 miles), its chief technology officer (CTO) said on Thursday, a third more efficient than the current average for electric cars. Speaking as the carmaker celebrated the successful test drive of its EQXX prototype vehicle over more […]
Taiwan’s premier has called for the swift passage of revisions to laws mandating tougher punishments to prevent China from stealing its chip technology, saying the threat from the “red supply chain” needed an effective deterrence. In February, Taiwan’s Cabinet proposed toughening the rules, amid rising concern in Taipei that Beijing, which claims the democratically ruled […]
U.S. House and Senate lawmakers said Thursday they have chosen negotiators to hammer out a deal on a bill to provide $52 billion in government subsidies for semiconductor production after months of discussion. House Speaker Nancy Pelosi, a Democrat, and Republican House Leader Kevin McCarthy named about 80 House lawmakers including the chairs and top […]
Taiwan’s spy catchers have launched probes into around 100 Chinese companies suspected of illegally poaching semiconductor engineers and other tech talent, a senior official at the island’s Investigation Bureau told Reuters. That comes on top of seven prosecuted since the start of last year and includes 27 which have either been raided or whose owners […]