South Korea's Ministry of Economy and Finance announced on Monday that the government will invest $1.7 billion in industrial clusters focused on new technologies, according to Yonhap. Around $300 million will be used in 2024 for industrial zones "specialized in strategic and medical industries," while...
The United States announced it will cooperate with the Costa Rican government on semiconductors as the US strives to diversify and grow its chip partnerships.
The State Department said the first step will include a review of Costa Rica’s current semiconductor industry development, regulatory...
A spokeswoman for the European Commission said that the European Union is worried that China's latest decision to restrict the exports of certain rare metals used in the chip-making process, more specifically germanium and gallium, is not related "to the need to protect the global peace."
During a...
Chipmaker GlobalFoundries and aerospace giant Lockheed Martin announced a strategic partnership on Monday to secure a domestic supply of semiconductors for the United States defense systems. The collaboration aims to mitigate the impact of global chip shortages and supply chain...
South Korean President Yoon Suk Yeol vowed on Thursday to support the nation's chip sector, describing the industry's competition as an "all-out war" in the context of escalating US-China tensions. Earlier today, Yoon held discussions with around 60 industry leaders and state officials about how to retain...
South Korean Finance Minister Choo Kyung-ho (pictured) remarked the country is seeing signs of recovery in exports despite them going down for the eighth consecutive month in May.
"Exports for May fell by two digits, but there were also some positive signs," Choo stressed at a meeting with...
The United States' alleged attempt to convince South Korea against investments in China threatens the security and stability of the global supply chains, the latter country's commerce ministry (MOFCOM) stated on Thursday.
The ministry's spokesperson told reporters that, in case the allegations turn...
British chipmaker Arm has called on manufacturing partners to create its own semiconductor as its parent SoftBank seeks to attract new investors ahead of a planned IPO in New York.
According to a report published by the Financial Times on Sunday, Arm has already created its own advanced...
Taiwan Semiconductor Manufacturing Company Limited Board of Directors passed a resolution approving $3.5 billion-worth investment in its wholly-owned subsidiary in Arizona, the company announced in a statement on Tuesday.
The board of directors also authorized TSMC's capital budget...
American companies manufacturing equipment for semiconductor production are moving their staff and facilities out of China, Nikkei reported on Friday. These include Applied Materials Inc., Lam Research Corp. and KLA Corp., which account for 35% of the chip tool market, according to the...
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