Apple has cut back sharply on iPad production to allocate more components to the iPhone 13, multiple sources told Nikkei Asia, a sign the global chip supply crunch is hitting the company even harder than it previously indicated.

GlobalFoundries debuted on the Nasdaq this week, valued at over $25 billion, as it became increasingly evident that a global chip shortage could persist through 2023 or later.

SK Hynix, the world's second-largest memory chip maker, said on Friday it will acquire South Korea-based Key Foundry, a chip contract manufacturer, for 576 billion won ($492.41 million).

Sony Group on Thursday confirmed it is considering a plan to join with Taiwan Semiconductor Manufacturing Co. in building a chip factory in the western Japanese prefecture of Kumamoto.

Facebook rose to prominence over the past two decades with some of the world's most recognizable branding: a big blue-and-white letter F. No longer. On Thursday, the social networking giant took an unmistakable step toward an overhaul, de-emphasizing Facebook's name and rebranding itself as Meta.

Total consolidated revenue was a quarterly record of KRW73.98 trillion (US$63.4 billion), a 10% increase from a year earlier, which was the previous high. Operating profit increased 26% from the previous quarter to KRW15.82 trillion, the second-highest ever, as favorable market conditions continued in the memory market while the foundry and display businesses achieved robust sales.

The global semiconductor chip shortage cost Volkswagen and Stellantis a combined 1.4 million vehicles in lost production in the third quarter, Europe's two biggest carmakers said on Thursday, though both reported some early signs of improvement.

Personal consumption slowed sharply, due in part to a drop in outlays for cars, Commerce Department data showed Thursday. That subtracted 2.39 percentage points from gross domestic product growth and drove the decline in goods spending in the period, as automakers had a tough time keeping dealer lots full.

Today at its inaugural Intel Innovation event, Intel returned to its developer roots, highlighting a renewed commitment to the community and a developer-first approach across software and hardware. Announcements spanning new products, developer tools and technologies underscore Intel's focus on empowering an open ecosystem, ensuring choice for developers to use the tools and environments they prefer, and building trust and partnership across cloud service providers, open source communities, startups and others.

SK Hynix is expected to acquire Key Foundry to strengthen its foundry business.

Few people could have predicted the downward spiral for Alibaba, when founder Jack Ma delivered a blunt criticism of China's financial system last October.

Intel's plans for a multibillion-dollar investment in a new US semiconductor plant hang in part on Congress moving on a stalled plan to bolster the domestic chip industry, the company's chief executive said.

BOE, CSOT and Samsung Display were all developing the OLED panel that Samsung Electronics plans to use on its Galaxy A73 smartphone launching next year, TheElec has learned.

Micron Technology said on Wednesday it is considering building a new memory factory in the United States but that state and federal subsidies will be needed to offset costs that are higher than its factories in Asia.

Micron Technology is planning to build a DRAM plant in Hiroshima prefecture, western Japan, for as much as JPY800 billion (US$6.98 billion), the Nikkan Kogyo newspaper reported Wednesday, without attribution.

For around a year now, Apple has been switching to its own M-family processors across the Mac range - starting with the M1-equipped Mac mini, MacBook Air and entry-level MacBook Pro in November 2020, and culminating most recently in the high-end MacBook Pros with M1 Pro and M1 Max chips announced last night. In the process the company has abandoned Intel's processors after 15 years of collaboration.

Chipmaker GlobalFoundries and major shareholder Mubadala Investment Co. plan to raise as much as $2.6 billion in a US initial public offering.

JP Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple's iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.

Apple is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product, according to people with knowledge of the matter.

Samsung Electronics is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts' estimates show.

In an exclusive interview with Time magazine, TSMC chairman Mark Liu said his team has to triangulate different data points to decipher which customers were truly in need and which were stockpiling.

GlobalFoundries plans to seek an initial public offering, according to a Monday filing with the Securities and Exchange Commission.

The semiconductor chip shortage that is hamstringing the production of products ranging from cars and computers to appliances and toothbrushes will extend into 2022 and potentially beyond that, the CEO of semiconductor company Marvell Technology said.

New car sales plunged over the last three months in the United States despite strong demand, as the shortage of computer chips and other supply chain issues caused shutdowns at auto factories and choked off the supply of vehicles.

The Biden administration is pressuring companies involved in the semiconductor supply chain to be more transparent as the global chips shortage continues to wreak havoc across many industries, officials said.

ASML increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products.

Renesas Electronics on Wednesday unveiled plans to raise its capacity to supply a key component in cars and electronics more than 50% by 2023, as some industry watchers predict a global chip shortage could last into next year and beyond.

Micron Technology forecast current-quarter revenue below analysts' expectations and warned that shipments for its memory chips were set to dip in the near term as its customers making personal computers face shortages of other parts.

Power rationing and forced cuts to factory production in China are widening amid electricity supply issues and a push to enforce environmental regulations.

Having said that, the rise of RISC-V cannot be ignored. Introduced in 2010, RISC-V ISA has become more reliable and promising with a series of new tape-outs from members and incremental ecosystem support.

Texas Instruments (TI) has announced its gallium nitride (GaN) technology and C2000 real-time microcontrollers (MCUs) are being combined with Delta Electronics' high-efficiency power electronics expertise in the design of an enterprise server power-supply unit (PSU) for datacenter applications.

Merck plans to invest more than EUR3 billion (US$3.5 billion) through 2025 in its electronics business to capitalize on rising demand for semiconductor and display panel materials.

Chinese auto-chip startup Black Sesame Technologies said on Wednesday that it had raised "hundreds of millions of dollars" from Xiaomi and other investors as China accelerates development of its semiconductor industry.

US automaker General Motors will source more semiconductors directly from manufacturers to adapt to the ongoing global chip shortage, its CEO Mary Barra said on Friday.

Infineon Technologies has opened its high-tech chip factory for power electronics on 300-millimeter thin wafers at its Villach site in Austria. At EUR1.6 billion (US$1.88 billion), the investment made by the semiconductor group represents one of the largest such projects in the microelectronics sector in Europe.

The project to link India's Unified Payments Interface (UPI) and Singapore's PayNow is targeted for operationalization by July 2022, both nation's central banks said on Tuesday. Users on either of the systems will be able to make transactions to one another without having to sign up to the second platform, the banks added.

Infineon Technologies and Robert Bosch were forced to halt key chip factories in Germany after a power failure, potentially exacerbating a global semiconductor supply crunch.

The EU must offer at least EUR20 billion (US$23.51 billion) in subsidies if it wants to "move the needle" on computer chipmaking in the bloc, according to the head of Soitec.

Battery plants in South Korea and Michigan operated by LG Energy Solution (LGES) have been identified by GM as the source of defects behind a rash of battery-related fires in the Bolt that have triggered three recalls and $1.8 billion in warranty set-asides by GM since last November - recalls for which GM still has not implemented a hardware fix.

New York Governor Kathy Hochul signed legislation on Wednesday that effectively bans the sale of new internal combustion engine cars, off-road vehicles, light-duty trucks and equipment by 2035.