Samsung Electronics Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts’ estimates showed. Operating profit for the world’s biggest memory chip and smartphone maker likely hit 15.2 trillion won ($12.7 billion) in the quarter ended December, according to a […]
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Citing an improved supply of automotive computer chips, General Motors raised its financial guidance on Wednesday and said it expects to return to a normal production rate by the end of next year. Chief Financial Officer Paul Jacobson told investors on a virtual chat with Credit Suisse that the company has seen improvement in the […]
Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg Abbott said in announcing the project Tuesday. Samsung said it […]
Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root cause of the shortages of just about everything. Even as the pandemic has dragged on, U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt […]
Silicon Valley’s chip production is lurching to enlarge its investments in Chinese semiconductor firms, as Washington’s rising tension of upholding its status in global innovation could be overthrown by Beijing’s bid for chip-sector sovereignty. One of the companies joining the semiconductor progression is Intel Corp. The chip manufacturer is backing Chinese company Primarius Technologies Co., […]
Japanese electronics maker Sony and TSMC of Taiwan said Tuesday they plan to jointly build a computer chip plant in Japan with an initial investment of $7 billion. The plant in the southwestern city of Kumamoto will be the first foundry in Japan for TSMC, one of the world’s leading chipmakers. Construction will start next […]
The shortage in computer chips needed to make the Nintendo Switch machine is a serious problem unlikely to be resolved soon, the president of the Japanese video-game maker said Friday. “The extremely tight situation remains, and the future is uncertain,” Shuntaro Furukawa told reporters. Furukawa said the dearth of computer chips, which is affecting manufacturing […]
China is facing the worst power shortage in its history as the electricity crunch and authorities force manufacturers to cut down on production, an act that could unleash chaos within the tech supply chain. Companies are bracing themselves for what could be the pinnacle of production after COVID-19 merely ravaged the industry. Now, another factor […]
As supply-chain shortages continue to extend into 2022 due to COVID-19, chip manufacturing giants are exhibiting what the future could hold, and it won’t include the same price list pre-pandemic. While the ongoing chip shortage managed to reconcile its situation, the same cannot be expressed about its pricing list. The state of the semiconductor industry […]
The European Union’s top official outlined ambitious plans to help beef up the bloc’s chipmaking capability in the face of intensifying global competition for semiconductors. European Commission President Ursula von der Leyen unveiled the European Chips Act on Wednesday to provide official support for the bloc’s “chip ecosystem” so that the continent can stand on […]