Chipmaking equipment supplier BE Semiconductor (BESI) on Thursday forecast a big drop in third-quarter revenue as soaring prices dampens demand. The maker of semiconductor assembly and packaging equipment said it expects its revenue to decline by 20 percent to 30 percent in the three months to Sept. 30 year-on-year, following a fall of 5.4 percent […]
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Germany’s Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry’s supply chain, the companies said on Wednesday. The move illustrates how Volkswagen, Europe’s biggest carmaker, is striving to gain greater control over the supply of chips, found in ever greater number in new […]
The COVID-19 pandemic altered the dynamic on a global scale, hitting all sectors and industries, be it public or private sectors. The overtake of the pandemic entered the world in a digital revolution no one had forecasted. Digital transformation directed the societies and industries towards a hasty adaptation of the new norm, altering every dynamic […]
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 […]
The White House held a classified briefing on Wednesday with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production. White House National Economic Council Director Brian Deese told reporters “the best estimates are the lack of […]
Semiconductors power the modern world. They are tiny chips that hold the key to components in every electronic device we use today. Fridges, washing machines, laptops, cellphones, cars, and even military equipment and countrywide power grids are powered by a bit of chip no bigger than a toddler’s fingernail. Even the machines that produce semiconductors […]
Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers, on the other hand, expect a recovery to take longer. During their quarterly results reporting over the past two weeks, GM CEO Mary Barra projected the semiconductor shortage would […]
India on Wednesday announced a $10.2 billion plan to try to attract global chipmakers to set up shop in the country and transform it into a production hub of semiconductors. The plan unveiled by Information Technology and Telecom Minister Ashwini Vaishnaw comes amid a severe shortage of semiconductors caused by the COVID-19 pandemic, which has […]
Consulting firm, Deloitte, released on Wednesday its latest report addressing the ongoing global semiconductor crisis, with predictions of the crunch to last till early 2023. Deloitte’s research stated that even though the chip shortage crisis’ intensity will be far less severe than it is now, chances are customers will wait around 10 to 20 weeks for a […]
Taiwan’s Economy Minister Wang Mei-Hua revealed on Tuesday that the U.S. discussed with its country potential plans to address the semiconductor chip shortage, in addition to finding the needed approaches to counter China’s economic “coercion.” During the second session of an economic dialogue initiated last year, the discussion followed a week after a virtual meeting […]