Why Is Samsung Building a Semiconductor Factory in Texas? 

Samsung announced it will assemble a $17bn semiconductor factory in Texas, during the global shortage of chips used in phones, cars, and other electronic devices. The factory will be the South Korean company’s biggest North American asset and is expected to commence operation in the second half of 2024.  Real Reasons?  There are commercial reasons, […]

AI Boost Lifts Broadcom Forecast amid Lingering Enterprise Weakness

Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. In a deteriorating economy, where both consumer and enterprise spending is on a decline, AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, due […]

U.S. Wants at Least 2 Advanced Computer Chip Centers Built, Commerce Chief Says

U.S. Commerce Secretary Gina Raimondo on Thursday said the government will encourage companies to build at least two advanced domestic computer chip factories employing thousands of union workers, as part of a $52.7 billion dollar initiative. The centers would also include a “robust supplier ecosystem,” Raimondo said in a speech in Washington. “America needs to […]

Chips, EVs Power Biden’s Big Bet on America’s Industrial Policy

A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]