Latest Electronic parts manufacturing News

China's economy grows 8.1% in 2021, slows in second half

Jan. 17, 2022 05:53 AM EST

BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing. The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second...

GOP Ohio congressional delegation wants chip law funded

Jan. 14, 2022 16:52 PM EST

COLUMBUS, Ohio (AP) — GOP members of the Ohio congressional delegation Friday asked House and Senate leaders to fully fund a law meant to address a global shortage of semiconductor chips used in phones, cars and video games. The request comes as multiple media reports say Santa...

China's trade surplus surges to record $676.4B in 2021

Jan. 13, 2022 23:12 PM EST

BEIJING (AP) — China’s politically volatile global trade surplus surged to $676.4 billion in 2021, likely the highest ever for any country, as exports jumped 29.9% over a year earlier despite semiconductor shortages that disrupted manufacturing. The country’s monthly trade...

Angi, Elastic fall; KB Home, Delta Air Lines rise

Jan. 13, 2022 16:21 PM EST

Stocks that traded heavily or had substantial price changes Thursday: Taiwan Semiconductor Manufacturing Co., up $6.96 to $139.19. The chipmaker reported strong fourth-quarter financial results. KB Home, up $7 to $49.38. The homebuilder's...

Taiwan chipmaker TSMC says quarterly profit $6 billion

Jan. 13, 2022 02:00 AM EST

TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips, reported Thursday its quarterly profit rose 16.4% over a year earlier to $6 billion amid surging demand for chips for smartphones and other electronics. Revenue in...

Inflation at 40-year high pressures consumers, Fed and Biden

Jan. 12, 2022 15:30 PM EST

WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to...

Lithuania: Taiwan to set up $1B credit fund amid China spat

Jan. 11, 2022 10:38 AM EST

VILNIUS, Lithuania (AP) — Taiwan will set up a $1 billion credit program aimed at funding projects by Lithuanian and Taiwanese companies amid economic pressure from China over an office that the island opened in the European Union country, Lithuanian officials said Tuesday. It...

China locks down 3rd city, raising affected to 20 million

Jan. 11, 2022 10:33 AM EST

BEIJING (AP) — A third Chinese city has locked down its residents because of a COVID-19 outbreak, raising the number confined to their homes in China to about 20 million people. The lockdown of Anyang, home to 5.5 million people, was announced late Monday after two cases of the...

Computer chip maker to pay $32M for water pipeline

Jan. 08, 2022 00:06 AM EST

RIO RANCHO, N.M. (AP) — Computer chip maker Intel plans to pay one of New Mexico’s largest water utilities $32 million to build a pipeline to supply its factory with the much needed resource. Millions of gallons are needed at the plant in Rio Rancho each day to produce tiny...

Biden's economic challenge: Finding workers and goods

Jan. 07, 2022 16:59 PM EST

President Joe Biden enters the midterm election year of 2022 determined to address what economists call a “supply” problem — there aren’t enough jobseekers or goods to meet the country’s needs. This is also a political problem. The mismatch has obscured the strong growth...