The US economy has shrunk for the second quarter in a row, a milestone that in many countries would be considered an economic recession.

STMicroelectronics expects its factories to run at full steam well into 2023 as the chipmaker's backlog is filled by the car and smartphone industries, prompting it to raise its 2022 outlook and build new production lines.

The European Central Bank (ECB) has raised interest rates for the first time in more than 11 years as it tries to control soaring eurozone inflation.

Hyundai Motor, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components.

SoftBank has put on hold plans for a London initial public offering of Arm because of the political turmoil in the UK government, throwing doubt on Britain's place as the future home of the Cambridge-based tech giant.

Intel has informed customers it will raise prices on a majority of its microprocessors and peripheral chip products later this year, citing rising costs, Nikkei Asia learned.

China's economy contracted sharply in the second quarter of this year as widespread coronavirus lockdowns hit businesses and consumers, with its GDP falling by 2.6% sequentially.

Intel today announced that its board of directors has declared a quarterly dividend of $0.365 per share ($1.46 per share on an annual basis) on the company's common stock. The dividend will be payable on Sept. 1, 2022, to stockholders of record on Aug. 7, 2022.

SK Hynix is considering cutting its 2023 capital expenditure by about a quarter to KRW16 trillion (US$12.2 billion) in response to slower electronics demand than anticipated, people familiar with the matter said.

Inflation, the rate at which prices rise, hit 9.1% in the 12 months to June and increased by 1.3% from May alone, according to the US Department of Labor.

Bosch will invest EUR3 billion (US$3.01 billion) in chip production by 2026, including on opening two new development centres and expanding a wafer factory in Dresden, the company said on Wednesday.

A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China's latest COVID lockdown, and the war in Ukraine dampened consumer spending, especially on PCs and smartphones.

Instead of using an Exynos SoC for the upcoming Galaxy S23 series, perhaps Samsung should fully embrace Qualcomm.

The US is pushing the Netherlands to ban ASML Holding from selling to China mainstream technology essential in making a large chunk of the world's chips, expanding its campaign to curb the country's rise, according to people familiar with the matter.

Global exports of semiconductors to Russia have plummeted by 90% since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, US Commerce Secretary Gina Raimondo said on Wednesday.

The British government has delayed for another two months its final judgment on whether to allow the acquisition of Britain's largest semiconductor plant by a Chinese company.

Apple is previewing a groundbreaking security capability that offers specialized additional protection to users who may be at risk of highly targeted cyberattacks from private companies developing state-sponsored mercenary spyware. Apple is also providing details of its US$10 million grant to bolster research exposing such threats.

South Korea's export growth slowed sharply in June, partly due to a shorter work month but also as a result of softer global demand, as the nation ran a trade deficit for a third consecutive month.

Facebook-owner Meta Platforms has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.

Taiwan's industrial sector, including the world's largest contract chipmaker, will be hit with the island's first power price increase in four years as the state-owned utility grapples with soaring fuel costs.

US Commerce Department Secretary Gina Raimondo on Monday stepped up pressure on Congress to approve $52 billion in funding for chipmakers to expand operations, warning that firms would abandon American expansion plans without the legislation.

"Both Berlin and Austin factories are gigantic money furnaces right now," the Tesla CEO said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday. The comments, part of a broader discussion filmed May 31, offer new insight into Tesla's operations in the days leading up to Musk's decision to cut costs by laying off employees. The reductions will affect about 10% of Tesla's salaried workers over the next three months, or about 3.5% of its global workforce.

Tesla Inc (TSLA.O) plans to suspend most production at its Shanghai plant in the first two weeks of July to work on an upgrade of the site, according to an internal memo seen by Reuters. After the upgrade, the U.S. automaker aims to boost the plant's output to a new record high by the end of July to get closer to its goal of producing 22,000 cars per week in Shanghai, according to the memo.

Tesla Inc. is taking steps to ramp up output at its factory in Shanghai, partly suspending manufacturing capabilities at various points through early August to upgrade production lines. The US-based electric carmaker plans to double its original planned annual target to 1 million cars, according to people familiar with the matter. It will halt most production on its Model Y assembly line for the first two weeks of July while an upgrade is underway.

Two people died this week when a Nio electric car crashed to the ground from the third floor of a parking lot in Shanghai.

Japan's Ministry of Economy, Trade and Industry (METI) will offer subsidies worth up to JPY476 billion (US$3.5 billion) for a semiconductor plant being built in Kumamoto Prefecture by TSMC, Sony and Denso, the ministry said on Friday.

When the Senate passed a rare bipartisan measure last summer to spend US$52 billion subsidizing computer chip manufacturing and research in the United States, it seemed like an easy legislative priority for both parties. But one year later, the funding still isn't signed into law.

SoftBank's founder and Chief Executive Masayoshi Son on Friday reiterated the Japanese conglomerate was most likely to list British-based chip designer unit Arm on Nasdaq, while stressing no decision has been made.

Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies' nascent digital worlds compatible with each other.

Qatar's wealth fund isn't interested in investing in cryptocurrencies, though it believes in the underlying blockchain technology, according to Chief Executive Officer Mansoor Al Mahmoud.

Samsung Electronics vice chairman Lee Jae-yong has secured additional extreme ultraviolet (EUV) lithography equipment, which is essential to production of next-generation semiconductors, from ASML.

Tesla has cancelled three online recruitment events for China scheduled this month, the latest development after CEO Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.

Denso, a key supplier to Toyota Motor, may consider spinning off its chip business, the company's chief technology officer said Friday.

Japan's semiconductor material makers are moving to raise prices, as strong demand and the Ukraine war tighten supplies. The upward pressure on costs could translate into higher prices for products such as cars and home appliances.

Intel has frozen hiring in the division responsible for PC desktop and laptop chips, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures.

IBM is among a long list of companies that suspended operations in Russia when President Putin invaded Ukraine in February.

Users can personalize their Lock Screen, keep family photos in iCloud Shared Photo Library, recall sent messages, schedule mail, and discover more with Live Text and Visual Look Up.

ASML said Zongchang Yu, a former employee, had transferred trade secrets to Dongfang Jingyuan Electron, a Chinese company supported by the country's Communist party.

Samsung Display, the display making arm of Samsung Electronics, is poised to fully shut down its unprofitable liquid crystal display panel business for televisions in June, after over 30 years of operation.

JAKARTA, May 30 (Reuters) - Indonesia?？ biggest tech company PT GoTo Gojek Tokopedia Tbk posted a 22.43 trillion rupiah ($1.54 billion) net loss last year, according to the firm?？ 2021 annual report filed to the stock exchange on Monday. Losses widened from 16.74 trillion rupiah in 2020, the report showed.