Latest Electronic parts manufacturing News

TSMC plans chip plant in Japan, says supply shortages easing

Oct. 15, 2021 02:02 AM EDT

Taiwan Semiconductor Manufacturing Corp. has confirmed it is planning to build a computer chip factory in Japan. TSMC’s CEO C.C. Wei said the company, the world’s biggest contract producer of semiconductors, was expanding to better serve its customers and enhance its...

Asian shares rise after technology-powered rally on Wall St

Oct. 14, 2021 23:58 PM EDT

Asian shares were higher Friday after technology companies powered the biggest gain on Wall Street since March. All major regional indexes advanced, with Tokyo gaining 1.4%. Taiwan shares jumped 2.2% on news that computer chip maker TSMC upgraded...

From cars to gasoline, surging prices match a 13-year high

Oct. 13, 2021 19:28 PM EDT

WASHINGTON (AP) — Another jump in consumer prices in September sent inflation up 5.4% from where it was a year ago, matching the largest increase since 2008 as tangled global supply lines continue to create havoc. U.S. consumer prices rose 0.4% in September from August...

US jobless claims fall to 326,000, first drop in four weeks

Oct. 07, 2021 09:01 AM EDT

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, another sign that the U.S. job market and economy continue their steady recovery from last year's coronavirus recession. Unemployment claims fell by 38,000 to 326,000, the first...

Editorial Roundup: New York

Oct. 06, 2021 17:42 PM EDT

Advance Media New York. October 3, 2021. Editorial: Why a computer chip factory is not another Amazon Central New York is reportedly getting closer to attracting a semiconductor factory to the White Pine Commerce Park in Clay, bringing 3,000 to 5,000...

Volvo plans $2.9B IPO to fund electric vehicle ambitions

Oct. 04, 2021 12:20 PM EDT

LONDON (AP) — Swedish automaker Volvo said Monday it plans to raise at least 25 billion kroner ($2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo Cars and its parent company, Chinese carmaker Geely, have applied to hold an...

China tightens political control of internet giants

Oct. 03, 2021 06:20 AM EDT

BEIJING (AP) — The ruling Communist Party is tightening political control over China’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology. Anti-monopoly and data security crackdowns starting in late...

US auto sales slump, stalled by car computer chip shortage

Oct. 01, 2021 18:46 PM EDT

DETROIT (AP) — In a normal month before the pandemic, Con Paulos' Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he's got nothing new in stock, and every car, truck or SUV on order has been sold. Last month, what...

Asian shares skid after S&P 500 logs 1st monthly drop of '21

Sep. 30, 2021 23:45 PM EDT

Asian markets tumbled Friday on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic. Tokyo skidded 2% and Australia’s benchmark sank 2.3%. Markets in Shanghai and Hong Kong were closed for holidays. The S&P 500...

US slightly revises up its GDP estimate for Q2 to 6.7%

Sep. 30, 2021 10:35 AM EDT

WASHINGTON (AP) — The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter's growth in the face of a resurgence of COVID-19 in the form of the delta variant. The...