Latest Semiconductor device 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...

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...

Shortages cause 'bottleneck recession' for German industry

Sep. 24, 2021 10:18 AM EDT

FRANKFURT, Germany (AP) — Shortages of semiconductor chips and other raw materials are continuing to hit Germany's manufacturers, as bottlenecks leave companies struggling to fill orders from a rebounding global economy. Widespread friction in supply chains sent a...

Lee freed on parole, showing Samsung's might in South Korea

Aug. 13, 2021 02:10 AM EDT

SEOUL, South Korea (AP) — Samsung leader Lee Jae-yong walked out of prison Friday a year early in a parole decision demonstrating the conglomerate's outsized influence in South Korea as well as continuing leniency for bosses who commit corporate corruption. Wearing a...

South Korea to release Samsung scion on parole

Aug. 09, 2021 08:32 AM EDT

SEOUL, South Korea (AP) — South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of the country’s previous president. ...

GM posts $2.8B profit, but cautious tone sinks share price

Aug. 04, 2021 17:45 PM EDT

DETROIT (AP) — General Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors. The Detroit automaker made the strong profit despite a global shortage of computer chips that have forced...

Carmaker Stellantis reports record 1H margins, $7b profits

Aug. 03, 2021 11:11 AM EDT

MILAN (AP) — Stellantis said operations are meshing faster than expected since the company's creation with France's Peugeot PSA;s takeover of the Italian-American car maker Fiat Chrysler, yet snarled global supply chains clipped production by 700,000 vehicles. In the...

Square, ON Semi rise; TG Therapeutics, Foot Locker fall

Aug. 02, 2021 16:27 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Square Inc., up $25.12 to $272.38. The digital payments company is buying Afterpay in an all-stock deal valued at about $29 billion. ...