FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse/File photo
FRENCH-Italian chipmaker STMicroelectronics NV is ramping up spending on new semiconductor capacity after a supply chain breakdown disrupted the automotive industry and piled pressure on the company to boost output.
The industry has been struggling to meet demand for chips powerful enough to run the latest generation of smartphones and manage an increasingly sophisticated array of functions in cars, after the pandemic and geopolitical tensions disrupted supply chains.
Chipmakers face the risk of investing in new production that could end up being underused if customers stop stockpiling. ST Chief Executive Officer Jean-Marc Chery said all of the company’s foundries are fully booked and it’s starting to see shortages of some materials.
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BRASILIA Brazil’s federal government is planning to commission a fifth-generation (5G) wireless network exclusively for its own use that will have security requirements for equipment suppliers separate from nationwide networks, according to a document seen by Reuters.
The plan, to be published in the official gazette later on Friday, calls for a 5G network limited to the Federal District, where the capital Brasilia is located. The plan comes as the government prepares a spectrum auction this year for 5G networks, weighing security concerns that have led some countries to excludes China’s Huawei Technologies Co as a supplier for those next-generation networks. (Reporting by Lisandra Paraguassu Writing by Anthony Boadle Editing by Brad Haynes)
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China’s imports of copper concentrate from Australia dried up completely in December, customs data showed on Wednesday, as smelters shunned Australian supply…