China’s science and technology policies should aim to build its strength and self-reliance, while the role of the government in pooling resources for key technological breakthroughs needed to be leveraged better, Premier Li Keqiang said on Sunday. The nation effectively countered external attempts to suppress and contain China’s development over the past five years by […]
Semiconductor Industry
The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration’s work on the new rules would in practice largely deal with U.S. […]
Billionaire investor Daniel Loeb on Thursday told investors in his hedge fund Third Point the firm has invested in chip designer Advanced Micro Devices, a source familiar with the matter said. Third Point, which occasionally pursues an activist strategy and pushes for changes at companies, is not planning to press for changes at AMD and […]
U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Wall Street indexes have had a volatile start to March after the latest economic data pointed to […]
Alibaba Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said. The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting […]
The Biden administration, which is making a $52 billion push to build more chips in the United States, said on Tuesday that it would require companies winning taxpayer funds for the initiative to give back excess profits and provide affordable childcare. As of 2020, the U.S. share of modern global chip manufacturing capacity had fallen […]
China’s annual parliament opens on Sunday and will implement the biggest government reshuffle in a decade as Xi Jinping tightens control while contending with a host of challenges, from an uneven post-COVID economic recovery to cratering U.S. relations. Nearly 3,000 delegates will gather in the Great Hall of the People west of Tiananmen Square for […]
The Biden administration on Tuesday said it will require companies winning funds from its $52 billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday is releasing its plans to begin accepting applications in late June for a $39 billion […]
Japan’s state-backed Rapidus said on Tuesday it would build its semiconductor plant in Chitose, a manufacturing hub on the nation’s northern island of Hokkaido. The factory and a Taiwan Semiconductor Manufacturing Co (TSMC) plant under construction on the southern island of Kyushu are the key pillars of Japan’s strategy to boost its capability to make […]
President Xi Jinping said China must resolve issues in key technological fields from the bottom up, state media reported, as the country deals with a growing number of mainly U.S. export controls on advanced technology. Xi said on Tuesday during a study session of the 24-person Politburo, one of the top decision-making bodies of the […]