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The Latest Breaking News on Asian tech

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

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.

WEKU

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.

Top News

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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.

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.

The Hindu

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.

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

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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.

Tom’s Hardware

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:

Dynamite News

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….

StockNews.com

3 Chip Stocks Surging Towards Profitability

Solid chip demand for numerous applications, backed by advancements in digital technologies, is propelling the semiconductor industry’s growth and expansion. Hence, investors could consider buying chip stocks Skyworks Solutions (SWKS), Taiwan Semiconductor (TSM), and NXP Semiconductors (NXPI), which are marching toward profitability. Read more….

StockNews.com

Construction of $106B SK hynix Mega Fab Site Moving Along, But At Slower Pace

When a major industry slowdown occurs, big companies tend to slowdown their mid-term and long-term capacity related investments. This is exactly what happened to SK hynix's Yongin Semiconductor Cluster, a major project announced in April 2021 and valued at $106 billion. While development of the site has been largely completed,…

AnandTech

SK hynix to spend $90 billion to build 'world's largest mega fab complex' — first fab operational in 2027

Termed the Yongin Semiconductor Cluster, SK hynix's upcoming quadruple fab complex will be the largest in the world.

Tom’s Hardware

No late payment penalty on March electricity bills for urban consumers in Karnataka following glitches in online portal post software upgrade

With March 20 being the due date for most consumers, there were also huge queues outside Bescom offices. Even there, the payment was reportedly not going through for some consumers due to technical glitches.

The Hindu

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The Hindu

Hitachi Group firm GlobalLogic opens office in Mahbubnagar

GlobalLogic opens 180-seater office in Mahbubnagar near Hyderabad, part of hub-and-spoke strategy to tap into local talent.

StockNews.com

MU Pre-Earnings Analysis: Is Micron Technology a Strong Buy?

In its most recent quarter, Micron Technology (MU) broke a five-quarter streak of revenue declines, signaling a much-awaited positive growth. However, it also observed a waning in cash reserves. With this mixed performance, is it wise to invest in MU before its second-quarter earnings release? Let's find out….

Tom’s Hardware

TSMC considering advanced packaging facility in Japan: report -- with two fabs already in the works, this would be a major boost to country's chip industry

After building chipmaking fabs, TSMC reportedly considers an advanced chip packaging facility in Japan.

The Hindu

Elections in India and EU holding up FTA talks, hope to start later this year: Irish Minister

Delays in India-EU trade agreement due to elections, Ireland's Minister criticizes Israel's actions in Gaza.

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International Business Times

The Gen-Z Students At The Heart Of Vietnam's Chip Plans

Nguyen Phuong Linh is among a crop of young electronics students crucial to Vietnam's ambitions to become a chips hub.

Tom’s Hardware

Malaysia's semiconductor manufacturing flourishes in the face of U.S. and China's Chip War

Malaysia's place in the Chip War as an alternative place to manufacture semiconductors and chips without drawing ire of US politicians and regulations.

Dynamite News

PM Modi to lay foundation stone of three semiconductor facilities worth about Rs 1.25 lakh crore

Prime Minister Narendra Modi will participate and address the youth in the 'India's Techade. Read further on Dynamite News:

StockNews.com

3 Semiconductor Stocks Climbing to Success

The semiconductor industry is positioned for long-term growth and expansion, driven by the expanding usage of chips across various sectors. Hence, investors could consider buying fundamentally strong semiconductor stocks such as Tower Semiconductor (TSEM), Taiwan Semiconductor Manufacturing Company (TSM), and United Microelectronics (UMC). Read on.

The Hindu

Southern Railway: Modi to launch 205 ‘One Station One Product’ stalls

Prime Minister Narendra Modi will inaugurate ‘One Station One Product’ (OSOP) stalls at 205 railway stations across Southern Railway

The Hindu

Tata Technologies, TS govt. join hands to transform 65 ITIs into skill development centres

Tom’s Hardware

China and Japan gave TSMC over $1.5 billion in subsidies to build and equip new fabs as US CHIPS Act payouts stall

China and Japan boost grants to TSMC as it builds new fabs and expands capacities.

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