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The Latest Breaking News from Semiconductor

Biden touts chip funding at virtual appearance at Michigan semiconductor manufacturer

President Joe Biden on Tuesday touted $52 billion in funding for domestic semiconductor chip production during a remote appearance at the Hemlock Semiconductor Corp. outside of Saginaw, Michigan.

Tribune News Service

5 Strong Dividend Stocks Around $10 to Buy Right Now

Despite posting record gains last month, the benchmark indexes plummeted on the first day of this month as worries about a potential recession dominated investor sentiment. As the market volatility is not expected to lessen anytime soon, it could be wise to invest in fundamentally strong dividend stocks ICL Group…

StockNews.com

Motorcycle output falls in H1, exports increase 2.94%

Thailand's motorcycle industry is being hit by the ongoing global semiconductor shortage, which caused production to fall by 1.26% year-on-year to 1.24 million units during the first half of 2022, says the Federation of Thai Industries (FTI).

Bangkok Post

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2 EV Stocks Facing Major Challenges Right Now

Concerns such as inflation, semiconductor chip shortage, and supply-chain disruptions have posed significant challenges for EV manufacturers. Despite the pent-up demand, the industry is grappling with ways to cope with the production challenges. Given this backdrop, we think avoiding fundamentally weak EV stocks NIO Inc. (NIO) and Lucid Group (LCID)…

StockNews.com

Is iShares Semiconductor ETF (SOXX) A Strong ETF Right Now?

The iShares Semiconductor ETF (NASDAQ: SOXX) made its debut on 07/10/2001, and is a smart beta exchange traded fund that provides broad exposure to the Technology ETFs category of the market. What Are Smart Beta ETFs?

Benzinga

Bumps, bipartisanship in long fight for semiconductor bill

President Joe Biden will soon be signing into law a major bill to revive the U.S. computer chip sector

The Independent UK

Optimised for performance

While the automobile industry faced semiconductor shortages as well as decreased consumer purchasing power during the first half of the year, automakers began to line up to launch a large number of new and updated models, particularly in the crossover/SUV segment.

Bangkok Post

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How Bernie Sanders and conservatives united against US semiconductor bill

Vermont senator opposed ‘corporate welfare’ to firms paying huge salaries to executives – but Chips and Science Act passed Congress

The Guardian - US

1 Trending Stock With Attractive Upside Right Now

The most awaited CHIPS-plus Act passed the Senate on Wednesday, which is expected to support domestic production and bolster investments. Semiconductor company Micron Technology (MU) might stand to benefit. Moreover, analysts expect a more than 25% upside in its stock. Hence, the stock could be worth buying now. Read on….

StockNews.com

Cluster launched to promote strength of North East semiconductor industry

The North East Advanced Material Electronics group will champion the industry and collectively address challenges

Birmingham Post

Nissan's profits plunge on COVID lockdown, chips crunch

Japanese automaker Nissan says its profit in the last quarter plunged to less than half of what it was a year earlier, as the COVID-19 lockdown in China and a global semiconductor shortage slammed production

The Independent UK

Samsung Electronics Says Operating Profits Up 12.18 Percent in Q2

South Korean chip powerhouse Samsung Electronics said Thursday that second-quarter operating profits were up 12.18 percent, with record profits in its system semiconductor division despite global supply chain woes. The company's "system semiconductor businesses...

Asharq Al-Awsat

The CHIPS Act Is Corporate Welfare Disguised as Industrial Policy

If you believe that moving most of our chip production onshore is good for national security, you should labor for regulatory reforms rather than subsidies.

Reason

The Better Semiconductor Stock to Buy: QCOM vs. AMD

The passage of the CHIPS Act is expected to boost domestic chip production and address the ongoing chip shortage. This, along with the growing demand for chips with lower latency and efficient performance, should drive the industry’s growth. Therefore, chipmakers Qualcomm (QCOM) and Advanced Micro Devices (AMD) should remain resilient…

StockNews.com

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The Independent UK

Senate passes computer chips bill to be more competitive with China

The legislation passed on a bipartisan basis

Tribune News Service

Semiconductor, science bill passes Senate, heads to House

WASHINGTON — A bill to bolster chip manufacturing and scientific research won Senate approval, setting Congress up to clear a trimmed economic competitiveness package after a yearlong-plus push.

The Independent UK

Senate passes bill to boost computer chip production in US

The Senate has passed a bill that's designed to encourage more semiconductor companies to build chip plants in the United States

Reason

Don't Give U.S. Chipmakers a $76 Billion Government Handout

Making the U.S. semiconductor industry dependent on subsidies is not the way to stick it to China.

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The Times of India

Tata Motors loss widens to Rs 4,951 crore in June quarter as JLR sales dip

NEW DELHI: Tata Motors on Wednesday reported a consolidated net loss of Rs 4,951 crore in the June quarter as chip shortage and Covid-19 lockdown in China impacted Jaguar Land Rover sales.

Roll Call

Semiconductor, science bill passes Senate, heads to House - Roll Call

A bill to bolster chip manufacturing and scientific research won Senate approval, setting Congress up to clear it by week's end.

Tribune News Service

‘Chips-plus’ bill advances toward final passage in Senate

WASHINGTON — An economic competitiveness package meant to boost U.S. semiconductor manufacturing and scientific research is on track to pass the Senate this week after overcoming a filibuster on Tuesday.

The Independent UK

Korean firm's $22B investment will mean new US jobs, WH says

South Korea’s SK Group plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience

The Texas Tribune

Top Texas Republicans, Biden administration look to grow the state’s semiconductor industry

As companies like Samsung and Texas Instruments expand their operations in the state, Gov. Greg Abbott and other state leaders are backing federal efforts to grow the industry.

Tribune News Service

‘Chips-plus’ bill advances toward final passage in Senate

WEKU

A bill to reduce reliance on China for semiconductors moves closer to a Senate vote

It would support domestic manufacturing of semiconductor chips that power the nation's smartphones, cars, computers and medical equipment. The bill cleared a procedural Senate vote Tuesday.

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