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The Latest Breaking News on Asian tech

The semiconductor industry’s growth prospects look promising thanks to the soaring chip demand across various end-use sectors and the rising penetration of AI, IoT devices, and machine learning. Therefore, it could be wise to buy quality chip stocks, KLA (KLAC), Taiwan Semiconductor Manufacturing (TSM), and Everspin Technologies (MRAM) to spark…

StockNews.com

IBD Stock Of The Day, Taiwan Semiconductor, Jumps On April Sales Report, Lifts Fabless Chipmakers

Contract chipmaker Taiwan Semiconductor Manufacturing hit a buy point following its April sales report.

Investors Business Daily

Hyderabad entrepreneur’s project Decode Millet to engage a million corporate employees

Decode Millet project by Vishala Reddy Vuyyala aims to promote millet consumption among corporate employees in eight cities.

The Hindu

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Storage manufacturer SK hynix raided by South Korean regulators — investigation into supplier FADU intensifies

SK hynix is the fifth organization to be raided by South Korea's watchdog group as part of its investigation into alleged securities fraud on the part of SSD and controller manufacturer Fadu.

Tom’s Hardware

Samsung accelerates race against Intel in glass chip packaging development — glass substrates boost performance

Samsung accelerates construction of glass substrates pilot line, plans to start test production in Q1 2025.

Tom’s Hardware

Global chip materials market declined in 2023 — China is the only country to experience growth

The global semiconductor materials market contracted to $66.7 billion in 2023.

Tom’s Hardware

Congress releases Telangana-specific manifesto for Lok Sabha polls

Congress party's Telangana-specific manifesto promises ITIR revival, a bench of Supreme Court in Hyderabad, and various development projects.

The Hindu

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Stock Market Sells Off; Taiwan Semi, ASML, Netflix, Tesla In Focus: Weekly Review

The stock market suffered significant losses for the week, with ASML and Taiwan Semiconductor slamming the chip sector. Tesla was a big loser.

Investors Business Daily

TSMC Posts Q1'24 Results: 3nm Revenue Share Drops Steeply, but HPC Share Rises

Taiwan Semiconductor Manufacturing Co. this week released its financial results for Q1 2024. Due to a rebound in demand for semiconductors, the company garned $18.87 billion in revenue for the quarter, which is up 12.9% year-over-year, but a decline of 3.8% quarter-over-quarter. The company says that in increase in demand…

AnandTech

Why Taiwan Semiconductor Stock Is Falling After Earnings

Taiwan Semiconductor beat expectations for the first quarter but its stock is notably lower. Here's why.

Kiplinger

Taiwan Chip Giant TSMC's Profits Surge On AI Demand

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon chips, which have been called the "lifeblood" of the modern world.

International Business Times

TSMC powers parts of Taipei with backup generators — Taiwan requests help as blackouts begin

Following the recent earthquake, TSMC was called on by Taiwan's state power company to provide extra power via its diesel backup generators.

Tom’s Hardware

Sharjah govt. highlights opportunities for Indian companies to expand business globally through UAE

MYSURU hosts "One-to-One Meetings" for Indian companies to expand globally through UAE with SAIF Zone and Govt. of Sharjah.

The Hindu

US To Grant Samsung Up To $6.4 Bn For Chip Plants

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas.

International Business Times

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WEKU

Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.

Top News

US Government To Invest .6 Billion In Semiconductor Chip Manufacturing

US government to invest .6 billion in TSMC for new chip plants in Arizona, boosting domestic chip production and enhancing economic security.

Investors Business Daily

Semiconductor Stocks Arm, TSMC Advance On Positive News

Semiconductor stocks moving on news Monday included Arm Holdings, Micron Technology and Taiwan Semiconductor Manufacturing.

The Hindu

ED attaches properties worth ₹25.2 crore belonging to Methuku Ravinder and his associates in Sun Parivar ponzi scheme

Enforcement Directorate attaches ₹25.2 crore properties in Sun Parivar ponzi scheme case in Hyderabad. Methuku Ravinder cheated 10,000 investors.

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The Hindu

A.P. CID files chargesheet against Chandrababu Naidu in alleged skill development scam case

A.P. CID files chargesheet against Chandrababu Naidu in alleged skill development scam case. Valuation of inventory given to the Centres of Excellence and technical Skill Development Institutes has shown excess charging, the investigating agency alleges.

Tom’s Hardware

Taiwan earthquake causes estimated $62 million in damage and disruptions for TSMC - EUV equipment reported to be safe and sound: Report

Key EUV equipment at TSMC is 'safe and sound,' with production back up to 70 or 80% capacity on the same day as the massive April 3 earthquake, according to a new report. However, the seismic interruption and damage incurred will cost TSMC approximately $62 million.

Investors Business Daily

Taiwan Quake Seen Having Minimal Impact On TSMC But Raises Concerns

The Taiwan quake renews concerns about having too much leading-edge semiconductor manufacturing located in one region.

Tom’s Hardware

TSMC resumes chip production following biggest earthquake in 25 years — incurred no damage to its critical tools

TSMC will resume production overnight following Taiwan's biggest earthquake in 25 years, saying there is no damage to "critical tools."

Tom’s Hardware

US urges South Korea to join the China sanctions regime, adjust export controls to prevent the country from getting chipmaking tools

The U.S. government asked South Korea to adjust its fab tool export controls to prevent shipments of advanced fab equipment from going to China. Whether South Korea will implement these adjustments remains to be seen.

Dynamite News

Consumers show faith in UPI, transactions surge by 56%, modest growth of 6% in card transactions

The latest report from Worldline has unveiled divergences in the trajectories of digital transactions in India. While UPI transactions. Read further on Dynamite News:

StockNews.com

3 Chip Stock Buys for Outsized Returns

The global semiconductor industry thrives on the increasing adoption of advanced technologies like AI and IoT. Hence, semiconductor stocks STMicroelectronics (STM), Photronics (PLAB), and Cirrus Logic (CRUS) might be ideal buys for their impressive capital appreciation potential. Read on….

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