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Tuesday 28 May 2024
LGES retools its first North American plant amid soft EV demand
Battery maker LG Energy Solution will enhance its plant in Michigan to strengthen the facility's role as the mother factory in North America. The South Korean company is building...
Monday 27 May 2024
China creates US$47.5 billion chip fund to back nation's firms
China has set up the country's largest-ever semiconductor investment fund to propel the development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency...
Monday 27 May 2024
US lawmakers, Nvidia boss visit Taiwan after Chinese drills
A bipartisan delegation of US lawmakers and Nvidia boss Jensen Huang arrived separately in Taiwan on Sunday, a day after China ended its biggest military exercise in a year around...
Monday 27 May 2024
Automakers have rearranged supply chain to respond intensifying trade war
The economic conflict centering on EVs is heating up. Tesla CEO Elon Musk recently said he does not support the US tariff hike on China-made EVs. However, Tesla has rearranged its...
Monday 27 May 2024
Taiwan fab tool makers see demands rising in US and Europe
Onshoring efforts of semiconductor manufacturers have spurred the demand for more cost-effective fab tools. Fab machinery makers in Taiwan, including the supply chain partners of...
Monday 27 May 2024
Mature processes make comeback amidst US-China race to expand production
Based on the scale of the subsidies for fab construction given through the US Chips Act, advanced manufacturing processes remain the gold standard in chip manufacturing. This is especially...
Friday 24 May 2024
Biden moves to secure Chips Act funding for Kenya's Ruto
The US is proposing to make Kenya the first country in Africa to benefit from funding in the Chips and Science Act, according to White House officials, underscoring the countries'...
Friday 24 May 2024
Musk's xAI nears close of deal valuing startup at US$24 billion
Elon Musk's artificial intelligence startup X.AI Corp. is slated to complete a funding round in June that could value the company at more than US$24 billion including its latest influx...
Friday 24 May 2024
Absolics becomes first materials firm to get US CHIPS Act subsidy
Absolics, an affiliate of South Korean chemical material firm SKC and invested by Applied Materials, signed a Preliminary Memorandum of Terms (PMT) with the US Department of Commerce...
Friday 24 May 2024
TSMC obtains permanent VEU license for Nanjing fab from US
The US Department of Commerce on March 23 issued a validated end-user (VEU) license to TSMC Nanjing, replacing the previous temporary exemption given in October 2022, according to...
Friday 24 May 2024
Carmakers take three different strategies in US to respond slow EV demand
According to supply chain sources, automakers have taken three distinct approaches in the US in response to the market headwind.
Thursday 23 May 2024
Seven hours in Geneva hotel highlights US-China struggle on AI
For seven hours at a Geneva hotel earlier this month, top US and Chinese officials locked into talks on collectively managing their biggest fears around artificial intelligence —...
Thursday 23 May 2024
South Korea sets aside record US$19 billion to fuel chipmaking
South Korea has unveiled a $19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics Co. and SK Hynix Inc. as they race to stay ahead in an increasingly...
Thursday 23 May 2024
Generative AI not a bubble, market scale to hit US$1.5 trillion by 2030
Generative AI (GenAI) is a subset within the AI realm, and it is expected to be one of the most critical driving forces for global economic growth in the next 5-10 years.
Thursday 23 May 2024
US tariff hike on Chinese EVs, batteries, steel to take effect on August 1
The first group of China-made products that the US Biden administration targets will see their tariffs rise on August 1, 2024, according to an announcement from the Office of the...