Latest Semiconductor device manufacturing News

Toyota profit down as chips shortage keeps customers waiting

Aug. 04, 2022 02:18 AM EDT

TOKYO (AP) — Toyota’s profit fell nearly 18% in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan’s top automaker. Toyota Motor Corp. reported Thursday a quarterly profit of 736.8 billion yen...

Nissan's profits plunge on COVID lockdown, chips crunch

Jul. 28, 2022 05:04 AM EDT

TOKYO (AP) — Japanese automaker Nissan's profit plunged in the last quarter 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. Nissan Motor Co. reported Thursday that its April-June net profit...

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

Jul. 26, 2022 16:13 PM EDT

WASHINGTON (AP) — South Korea's SK Group on Tuesday announced plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of domestic jobs while helping ease global supply chain...

Biden presses computer chips case in advance of Senate vote

Jul. 25, 2022 18:06 PM EDT

WASHINGTON (AP) — Calling semiconductors “the building blocks for the modern economy," President Joe Biden on Monday asked Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. The Senate...

Semiconductor bill unites Sanders, the right — in opposition

Jul. 24, 2022 14:14 PM EDT

WASHINGTON (AP) — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right. The bill making its way through the Senate is a top priority of the...

$1.8B semiconductor plant planned next to Purdue's campus

Jul. 20, 2022 15:46 PM EDT

WEST LAFAYETTE, Ind. (AP) — SkyWater Technology announced plans Wednesday to build a $1.8 million semiconductor manufacturing and research center adjacent to Purdue University's main campus that's expected to create 750 new jobs within five years of its opening. Bloomington,...

Editorial Roundup: Indiana

Jul. 19, 2022 23:54 PM EDT

Indianapolis Business Journal. July 15, 2022. Editorial: Tax refund plan is not only option for spending reserves It’s easy to forget, given the U.S. Supreme Court’s decision about abortion, that the original reason Gov. Eric Holcomb planned to call the...

Conagra, APA fall; Taiwan Semiconductor, First Republic rise

Jul. 14, 2022 16:12 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Taiwan Semiconductor Manufacturing Co., up $2.38 to $83.67. The chipmaker gave investors an encouraging revenue forecast after reporting strong second-quarter financial results. ...

'Silicon Heartland' boon for Ohio, but families mourn homes

Jun. 28, 2022 16:04 PM EDT

JOHNSTOWN, Ohio (AP) — When President Joe Biden applauded a decision by Intel Corp. to build a $20 billion semiconductor operation on “1,000 empty acres of land” in Ohio, it didn't sit well with Tressie Corsi. The 85-year-old woman has lived on 7 acres of that land since she...

Davos gathering overshadowed by global economic worries

May. 25, 2022 14:07 PM EDT

DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The risks to the global economy are many, leading to an increasingly gloomy view of the months ahead for...