Bipartisan Senate Group Said To Plan $52 Billion Bill To Address Chip Shortage forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
IBM elicits praise, celebration locally after 2nm chip breakthrough
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1of8A 12-inch silicon wafer with IBM s new 2 nanometer chips that were developed at its research lab at Albany Nanotech.IBMShow MoreShow Less
4of8Buy PhotoGlobalfoundries CEO Tom Caulfield, left, celebrates with U.S. Senate Majority Leader Charles Schumer, right, during an announcement that GlobalFoundries will move its company headquarters to their Fab 8 manufacturing facility in Malta on Monday, April 26, 2021, during a press conference at Globalfoundries in Malta, N.Y. (Will Waldron/Times Union)Will Waldron/Albany Times UnionShow MoreShow Less
5of8Buy PhotoGlobalfoundries CEO Tom Caulfield, left, and U.S. Senate Majority Leader Charles Schumer, right, announceme that GlobalFoundries will move its company headquarters to their Fab 8 manufacturing facility in Malta on Monday, April 26, 2021, during a press conference at Globalfoundries in Malta, N.Y. (Will Waldron/Times Union)
May 03, 2021
One of the key measures business leaders have been eyeing closely to gauge the recovery from the Covid-19 pandemic has been capital expenditures (capex), which took a huge hit in the first two quarters of 2020. The good news is that capex has been enjoying a boom, even outpacing the rebound in consumer spending.
“I think capex was one of the surprising areas of resilience in the last quarter of 2020, and the latest indicators point to solid capex growth right through the first quarter as well,” says Joe Lupton, economist at JPMorgan Chase in New York.
Lupton says that while consumer-goods spending slumped in November and December due to the second wave in US infections over Thanksgiving and Christmas, capex spending actually expanded at about 1.5% a month in the same period. The rest of the world has been slower to recover than the US economy, but there are signs that capex is ramping up elsewhere as well.
09:37 | GTX 1080 Ti Revival Rumors Are False
Just as a quick update: There was a story circulating this past week about the GTX 1080 Ti allegedly being revived, particularly by EVGA, as a means to quell some of the shortage concerns. We called EVGA and asked if the 1080 Ti was getting remade, and the official answer was “no, it is not being remade. The 1080 Ti is no longer in production.” The unofficial answer when we first posed the question was “HAHA! No.” Sorry to shoot that one down for 1080 Ti fans.
10:52 | Hong Kong Customs Seized Smuggled GPUs
Hong Kong news station TVB News reported on the Hong Kong Customs and Excise Department seizing a cache of 300 “unidentified” graphics cards, which was part of a much larger haul that was intercepted from a Chinese smuggling ring. The smuggling run included other technology products, with TVB primarily showing cell phones, video cards, and trays upon trays of RAM. We’d be open to shipping the Hong Kong customs department
Provided by Dow Jones
By Timothy W. Martin in Seoul and Kwanwoo Jun in Singapore Samsung Electronics Co. said it expects a 44% increase in operating profit for the first quarter, topping expectations during a global shortage of semiconductors and despite shutdowns of some U.S. chip-making facilities. The world s largest smartphone and memory-chip maker forecasts operating profit of 9.3 trillion South Korean won, equivalent to about $8.3 billion, during the first three months of the year. That compares with about 6.5 trillion won for the prior year s quarter. The Suwon, South Korea-based firm estimates revenue of 65 trillion won, up 17% compared with the prior year.