Search results for "semiconductor"

EU opens door to giving aid for semiconductor production

The European Commission said Thursday that it could approve aid to fund production of semiconductors in the 27-nation bloc amid a global chip shortage and intense worldwide competition to fill the need. The EU’s executive arm expects that the scarcity of semiconductors — a key component in everything from smartphones to cars — will last, […]

ASML to fulfill European semiconductor demand

Dutch semiconductor equipment manufacturer ASML could witness an astonishing rise in share value as the U.S. rigidifies its grip on Chinese manufacturing, leading to one of the company’s highest production and valuation by 2030, fulfilled by directing Europe’s semiconductor demand. Since its emergence in the semiconductor manufacturing scene, ASML has globally played a massive and […]

Bosch opens $1.2B semiconductor factory in eastern Germany

German technology company Bosch on Monday opened a 1 billion euro ($1.2 billion) chip factory in the eastern city of Dresden to help meet the growing demand for semiconductors. A global shortage of semiconductors has forced major auto companies such as Volkswagen and BMW to slow vehicle production in recent months. “Bottlenecks on the semiconductor […]

Big Tech companies form coalition to fight semiconductor shortages

Several of the world’s largest tech companies including Apple, Microsoft, Amazon, and Google have teamed up with chipmakers such as Intel to announce the formation of a new lobbying group to pressure the U.S. government for chip manufacturing subsidies. The lobbying group – dubbed the Semiconductor in America Coalition (SIAC) – have called on congressional […]

China cuts taxes to spur semiconductor development

China announced tax breaks Monday to spur growth of its semiconductor industry following U.S. sanctions that alarmed the ruling Communist Party by cutting off access to American processor chips for tech giant Huawei and some other companies. Leaders declared accelerating efforts to transform China into a self-reliant “technology power” to be this year’s top economic […]

Semiconductor companies consider new plants in the U.S.

NEW YORK (AP) — Intel and a Taiwanese company are talking to the Trump administration about building new semiconductor plants in the United States amid concern about relying on suppliers in Asia for chips used in a wide variety of electronics. A spokesman for Intel, the biggest American chip maker, said Sunday that the company […]