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Employee doubts are rising about TSMC's US$40 billion investment in an Arizona factory.
New York Times
Forrester Research analyst Rowan Curran told MarketWatch that ChatGPT is an "iPhone moment for AI," citing Apple's reinvention of consumer electronics in 2007.
MarketWatch
According to analysis by Swiss bank UBS, ChatGPT is the fastest growing app of all time. In January, only two months after its launch, UBS analysis estimates that ChatGPT had 100 million active users. For comparison, it took nine months for TikTok to reach 100 million.
ZDNet
German carmakers Mercedes-Benz (MBGn.DE) and VW (VOWG_p.DE) have urged the government to do more to scale up the number of electric vehicle charging stations across the country, German paper Bild am Sonntag wrote on Sunday. "To speed up the change (to electric vehicles), we need to be sure that the charging station infrastructure is being built up," Mercedes-Benz Chief Executive Ola Kallenius was quoted as saying by the paper. "That's also a question for politics."
Reuters
Australia's graphite developer Magnis Energy (MNS.AX) on Tuesday said it has signed a binding offtake deal with Tesla Inc (TSLA.O) to supply battery anode materials for a minimum three-year term beginning February 2025. The deal comes while automakers race to secure the supply of critical minerals as the world shifts to decarbonise and diversify global supply chains away from China, the world's biggest producer of electric vehicle batteries.
Reuters
Huawei Technologies Co is reportedly co-developing high-end electric vehicles with Anhui Jianghuai Automobile Group Co Ltd, according to a contractor, showing that Huawei is getting increasingly involved in the vehicle industrial chain to grow its revenue. Yu Chengdong, chief executive of Huawei's intelligent automotive solution business unit, said in a reply to news website Paper.com late on Tuesday that the company has no plans to make cars itself. It is partnering with JAC Motors to help the latter produce and sell cars in a better way.
China Daily
Battery giant Contemporary Amperex Technology has agreed to set up a battery joint venture with leading carmaker Changan Automobile Group and its new energy vehicle subsidiary, as NEV sales in China increase. The JV will have a registered capital of CNY1.5 billion (USD218.4 million), Changan Auto announced on Feb. 17. The Chongqing-based carmaker will contribute 19 percent, Changan NEV Technology 30 percent, and CATL the rest, it added.
Yicai Global
Lithium Chile Inc., one of three Canadian miners affected by Ottawa's snap decision to block Chinese investment in critical minerals, said the order has been satisfied, although it regrets losing an "incredible shareholder" that supplied valuable expertise.
Financial Post
Chinese mineral resource developers Sinomine Resource Group, Zangge Mining and Chengxin Lithium have been instructed by the Canadian government to withdraw their investments in Canadian miners due to heightened concerns about national security and the critical minerals supply chain.
Yicai Global
China will ramp up its internal hunt for minerals and energy resources to bolster strategic reserves and increase the sale of critical mining assets such as lithium, cobalt and nickel, as well as oil and gas, the Ministry of Natural Resources announced last month in a meeting laying out priorities for this year. The new policies will encourage investment in mining exploration and give priority to land use for extracting strategic elements.
Nikkei Asia
Tesla (TSLA.O) has paused plans to produce entire batteries in Brandenburg, Germany, and will instead carry out some production steps in the United States where tax incentives are more favourable, the Brandenburg economy ministry said on Tuesday. Reporting by Victoria Waldersee Editing by Mark Potter
Reuters
US curbs on China's access to advanced technology are killing its viability as a manufacturing base for exports, according to the head of Japan's Kyocera, as one of the world's largest makers of chip components shifts its production elsewhere and invests heavily in facilities at home.
The Financial Times
Major computer chip equipment maker ASML says a former employee in China stole information about its technology.
BBC News
Google has reached a key milestone in designing server processors aimed at reducing the cost of operating its data centers and keeping up with cloud business rival Amazon, according to one person with direct knowledge of the project and one person who was briefed about it. The progress means Google could start using the new chips by 2025, one of these people said.
The Information
By creating chatbot ChatGPT, artificial intelligence research and deployment company OpenAI has democratised AI, but, like all new technological developments, this carries the risk of challenges such as contextual errors, prejudice, information trustworthiness or credibility, analysts say.
Mail and Guardian
While chip sales reached the highest-ever annual total in 2022, the slowdown in the second half of the year substantially limited growth. A deeper dive into the year-end data reveals how this pattern is consistent with the semiconductor industry's predictable cycle and why the current short-term downturn does not change the reality that long-term growth prospects for this foundational technology remain very promising.
SIA
Advanced Micro Devices has captured nearly a third of the market for central processor units while British chip technology firm Arm's rise in the PC market slowed in the fourth quarter of 2022, according to an analyst report.
Reuters
SoftBank's chip technology firm Arm's China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to two sources familiar with the situation.
Reuters
It's hard to feel sorry for Silicon Valley tech workers. From high salaries and generous stock options to nap pods and unlimited time off, they're among the most privileged class of employees in the world. Conversely, there's no denying that these pampered staffers engineered a technology revolution that's brought untold economic and social value to the entire planet.
Bloomberg
Apple's earnings were an even bigger disaster than expected thanks to a combination of a stronger US dollar, global economic malaise, and more strife at its China factories. That analysts were unable to model for each of these known factors could signal that problems will persist even after supply returns to normal.
Bloomberg
The job cuts are expected to affect about 5% of its global workforce.
BBC News
Third-party retailers in China are offering discounts of as much as 10% on Apple's iPhone 14 Pro amid sluggish demand for smartphones.
Reuters
The Japanese government is drawing up plans to impose export restrictions on advanced semiconductor-making machines, Kyodo News reported. The move reflects a US-led deal with Japan and the Netherlands to limit the development of China's advanced semiconductor industry.
Bloomberg
Also, Tan said he was considering Intel as a potential new foundry partner, as an alternative to its main supplier, Taiwan-based TSMC.
The Financial Times
Texas Instruments suffered its first sales decline since 2020 and gave a tepid forecast for the current quarter, hit by an industry slump.
Bloomberg
Hesai Technology, a Chinese developer of sensor technologies used in self-driving cars, is planning to file for an initial public offering in the US that could raise about US$150 million, according to people familiar with the matter.
Bloomberg
South Korea and Taiwan will still be key semiconductor hubs in years to come, even as pressure to diversify supply chains leads to new competition from places like the US and Germany, according to John Lee, president and CEO of MKS Instruments.
Nikkei Asia
South Korean display panel maker LG Display on Friday posted a record operating loss in the December quarter, as global demand for smartphones, computers and televisions remains depressed amid an uncertain economic outlook.
NASDAQ.com
Intel reported a fourth-quarter loss, hurt by a souring market for its chips and growing competition from rivals, as it also issued a gloomy outlook for the current quarter.
Wall Street Journal
According to the agreement, Resonac will supply Infineon with SiC materials for the production of SiC semiconductors, covering a double-digit share of the forecasted demand for the next decade.
Company release
The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid.
Reuters
China's top nuclear-weapons research institute has bought sophisticated US computer chips at least a dozen times in the past two and a half years, circumventing decades-old American export restrictions meant to curb such sales.
Washington Post
The fight for dominance in the semiconductor sector is reshaping the global economy.
BBC News
Texas Instruments forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker's so far resilient markets.
Reuters
Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 million Switch consoles in the year ending March, according to people familiar with the matter.
Bloomberg
Microsoft is contemplating cutting about 5% of its workforce, or about 11,000 roles.
Reuters
Despite signs that inflation has started to recede, economists still expect higher interest rates to push the US economy into a recession in the coming year, according to The Wall Street Journal's latest quarterly survey.
Wall Street Journal
China has reported 60,000 Covid-related deaths in just over a month, the first major death toll released since the country stopped its zero-Covid policy.
BBC News
Taiwan's exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy's leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains.
Bloomberg
Apple is set to sign up Chinese contract manufacturer Luxshare Precision Industry to produce premium iPhone models, the Financial Times reported on Wednesday, citing sources familiar with the matter. Luxshare has been producing small numbers of the iPhone 14 Pro Max at its Kunshan plant, to make up for lost production at Foxconn's Zhengzhou factory last year.
Yahoo! Finance
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