China’s chip imports fell 12.4 percent in September, according to official customs data published on Monday, continuing a decline amid tensions with the United States and an ongoing chip shortage. The country imported 47.6 billion chip units during the month, compared with 54.3 billion units in September 2021, according to the data, which had been […]
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The United States will hold talks with Taiwan next month to discuss new U.S. legislation designed to boost the American semiconductor industry, the top U.S. diplomat in Taipei said on Wednesday. Last month, U.S. President Joe Biden signed into law the Chips and Science Act, which authorised about $52 billion in government subsidies for U.S. […]
The U.S. Commerce Department said Tuesday it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production. Congress in August approved $52.7 billion for semiconductor manufacturing and research and a 25 percent investment tax credit for chip plants, estimated to be […]
President Joe Biden on Thursday signed an executive order on implementation of the $52.7 billion semiconductor chips manufacturing subsidy and research law, the White House said. Earlier this month, Biden signed the bill to boost efforts to make the United States more competitive with China’s science and technology efforts. By subsidizing U.S. chip manufacturing and […]
Cloud and data centers, the chip industry’s strongest sector, may be its next problem: Signs are showing growth could slow in what has been a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. Analysts say the cloud market has rarely had to weather a prolonged economic […]
President Joe Biden on Tuesday signed a landmark bill to boost U.S. chips and provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China’s science and technology efforts. “The future is going to be made in America,” Biden said, calling the […]
Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains – and hurting U.S. businesses. Reuters reported on Monday that the United States is considering limiting shipments of American chipmaking equipment to memory chip producers in China […]
President Joe Biden met virtually on Monday with the chief executives of Lockheed Martin Corp, Medtronic PLC and Cummins Inc along with labor leaders as part of the administration’s push for legislation to boost the U.S. semiconductor industry. “Congress must pass this bill as soon as possible,” Biden said. “There is an economic imperative…. This […]
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 […]
After the COVID-19 crisis took the world by surprise, global industries suffered the wrath of the pandemic on the economy. One industry, in particular, witnessed the most damaging crisis in its history. Manufacturers of graphic processing units (GPU) were exceptionally vulnerable to the economic outcomes of the pandemic, which was also catastrophically affected by the […]