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Semiconductor Chips

Samsung Vice Chair Lee in US To Finalize $17 Billion Chip Plant Site, Meet With Moderna on Vaccines

Kimberly Redmond | Equities.com |

Samsung Electronics Co vice president Jay Y. Lee has embarked on a high-profile business trip to the US to finalize the company’s plant to build a $17 billion semiconductor plant and discuss COVID-19 vaccines with Moderna Inc. 

Reuters reported that Samsung’s decision on where it will locate its new plant with coincide with Lee’s trip, which kicked off Sunday. https://www.reuters.com/business/samsungs-lee-visits-us-ahead-likely-17-bln-chip-plant-decision...


US Officials Grant Licenses Authorizing Companies To Supply Chips to Huawei for Auto Components

Kimberly Redmond | Equities.com |

US officials have given permission to American companies to sell microchips to blacklisted Chinese telecommunications giant Huawei Technologies Co for its growing auto components business.

Citing sources familiar with the matter, Reuters reported on Wednesday that the license application approvals are worth hundreds of millions of dollars.


Senate Pushing Toward Sweeping Legislation To Boost Chip Manufacturing and Compete With China

AP News | Equities.com |

What started as a pragmatic effort to boost scientific research and development has morphed into sweeping Senate bill aimed at making the U.S. more competitive with China and other countries, including $50 billion in emergency funds to shore up domestic computer chip manufacturing.

The American Innovation and Competition Act is key to President Joe Biden’s infrastructure plans and was heading toward final passage despite some glitches late Thursday. It’s also a test of whether the split 50-50 Senate can accomplish bipartisan achievements at a time when there’s pressure on Democrats to change the rules to push past obstruction and gridlock.


Intel To Start Making Chips for Auto Industry in Six to Nine Months, As Biden Seeks Answers To Fill Gap

Reuters | Equities.com |

U.S. President Joe Biden met with executives from major companies on Monday to discuss the global chip shortage that has hit automakers and spurred Intel Corp to announce it plans to make chips for car plants at its factories in the next six to nine months.

During the meeting, Biden said he had bipartisan support for legislation to fund the semiconductor industry. He previously announced plans to invest $50 billion in semiconductor manufacturing and research as part of his drive to rebuild U.S. manufacturing under a $2 trillion infrastructure plan.


GM and Ford To Cut More Vehicle Production Due to Semiconductor Chip Shortage

Reuters | Equities.com |

General Motors Co and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry.

The White House plans a summit on the chip shortage issue next Monday that is expected to include GM Chief Executive Mary Barra and Ford Chief Executive Jim Farley and top technology firm executives.


Apple Delays Production of Some MacBooks and iPads Amid Global Semiconductor Shortage

Kimberly Redmond | Equities.com |

Apple Inc (Nasdaq: AAPL) has postponed production of some MacBooks and iPads as the global semiconductor shortage continues, Nikkei Asia reported on Thursday.

According to the report, MacBook production is being hit by a lack of chips that are mounted on the computer’s circuit board, while the iPad is being slowed by issues in the supply chain for display components.


Auto Industry Group Urges Biden Administration To Help Amid Global Semiconductor Shortage

Reuters | Equities.com |

A U.S. auto industry group on Monday urged the government to help as it warned the global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months.

The U.S. Commerce Department should dedicate a portion of funding in a proposed bill to expand U.S. semiconductor production to auto sector needs, the Alliance for Automotive Innovation said in written responses to a government-initiated review.


Taiwan Semiconductor To Invest $100 Billion in Next Three Years

Kimberly Redmond | Equities.com |

Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, plans to invest $100 billion over the next three years to expand its manufacturing capacity to keep up with rising demand. 

On Thursday, the Taiwan-based company said it will use the funds to “increase capacity to support the manufacturing and [research and development] of advanced semiconductor technologies.” 


IHS Markit Sees Disruptions to Global Auto Production of 1.3 Million Vehicles in Q1

Reuters | Equities.com |

A recent fire at a Japanese semiconductor factory and severe weather in parts of the United States in February have exacerbated an ongoing chip shortage plaguing the global auto industry, data firm IHS Markit said on Wednesday.

IHS said it now expects disruptions to the production of nearly 1.3 million global light vehicles, up from a prior forecast of 1 million in the first quarter.


Samsung Electronics Says Production at Texas Plant Is Close to Normal

Kimberly Redmond | Equities.com |

Samsung Electronics Co said production at its US semiconductor plant in Texas has returned to near-normal levels following more than a month of disruption.

The South Korean chipmaker’s Austin plant was ordered to temporarily halt production amid power outages and severe winter weather last month.


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