By Reuters Staff
2 Min Read
TAIPEI (Reuters) -Contract chipmaker TSMC said on Thursday it plans to invest $100 billion over the next three years to increase capacity at its plants, days after Intel Corp announced a $20 billion plan to expand its advanced chip making capacity.
Taiwan Semiconductor Manufacturing Co Ltd, whose customers include Apple Inc and Qualcomm Inc, had already flagged a plan to spend of between $25 billion-$28 billion this year, to develop and produce advanced chips.
The move comes as global companies reel from a shortage of semiconductor chips that initially forced auto companies to cut production, but is now hurting makers of smartphones, laptops and even appliances amid a pandemic-fuelled rise in demand.
By Reuters Staff
2 Min Read
FILE PHOTO: Micron Technology s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis
(Reuters) - Micron Technology Inc and Western Digital Corp are individually exploring a potential deal for Kioxia Holdings Corp that could value the Japanese semiconductor firm at around $30 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
A deal for Kioxia, which is controlled by private-equity firm Bain Capital, isn t guaranteed, and it isn t clear how it might be structured, the report said, adding that should a deal come together, it could be finalized later this spring. (on.wsj.com/3rCJjvd)
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SHANGHAI (Reuters) - The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year.
“If you are an experienced player, you will remember that in 1999 there was a similar crisis in this industry, but it was way smaller,” Zhou, chairman of Semiconductor Manufacturing International Corp (SMIC), said in remarks at SEMICON China.
“We have to deepen our cooperation, we have to give more attention to innovation. Only by doing that our industry can control the challenges facing us.”
China is the world’s largest buyer of semiconductors, but domestic production is marginal. Sales in China grew 17.8% in 2020 from a year earlier to 891 billion yuan ($137 billion), according to CSIA.
By Reuters Staff
1 Min Read
(Reuters) - Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it would buy a 15.9% stake in chipmaker Fullhan Microelectronics for 1.54 billion yuan ($236.9 million) in a push to diversify its portfolio.
Legend’s unit Dongfangqihui bought 12.8 million shares between Sept. 1 and March 17 from privately held Quick Talent Holdings, the company said on Wednesday, with the last round of transaction for a 5.2% stake yet to settle.
Most well-known for its ownership of Lenovo, Legend, for years has sought to diversify its portfolio beyond the computer sector, including finance and car rental industries.
By Reuters Staff
2 Min Read
BEIJING (Reuters) - China’s market regulator on Tuesday tightened scrutiny over the country’s booming livestreaming e-commerce platforms, where internet influencers sell goods directly to consumers, citing concerns about poor quality products and misleading advertising.
The State Administration of Market Regulation (SAMR) recently met several livestreaming e-commerce companies, which presented self-disciplinary measures, the agency said in a statement, without naming the firms.
It said all livestreaming platforms should “quickly conduct self-control and comprehensive inspections” on product quality, and should punish livestreamers who sell shoddy goods.
The move is the latest in a series of measures by the regulator to rein-in a thriving “platform economy”, which includes popular livestreaming e-commerce platforms run by internet giants such as Alibaba’s Taobao, Kuaishou and ByteDance’s short video app Douyin.