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Germany to support quantum computing with 2 billion euros

By Reuters Staff
2 Min Read
BERLIN (Reuters) - Germany will spend about 2 billion euros ($2.4 billion) to support the development of its first quantum computer and related technologies in the next four years, the economy and science ministries said on Tuesday.
FILE PHOTO: German Economy Minister Peter Altmaier addresses a news conference in Berlin, Germany, April 27, 2021. John Macdougall/Pool via REUTERS
The science ministry will spend 1.1 billion euros by 2025 to support research and development in quantum computing, which uses the phenomena of quantum mechanics to deliver a leap forward in computation.
The economy ministry will spend 878 million euros backing practical applications. ....

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U.S. Commerce chief holding meetings on chips shortage - sources

3 Min Read
WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said Thursday she held meetings with three dozen senior industry leaders on a semiconductor chip shortage and said the United States could help boost transparency in the market.
FILE PHOTO: Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Committee hearing to examine the American Jobs Plan, on Capitol Hill in Washington, D.C., U.S., April 20, 2021. Oliver Contreras/Pool via REUTERS
The meeting included General Motors Co, Ford Motor Co, Stellantis NV, chip suppliers and other users of chips.
Raimondo and the Biden administration back $50 billion in U.S. government spending to dramatically boost U.S. semiconductor production and research, but it will take significant time for that spending - if approved by Congress - to boost supply. ....

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Taiwan's TSMC says no impact on output from possible water curbs

By Reuters Staff
1 Min Read
FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang
TAIPEI (Reuters) - There will be no impact on production by Taiwan Semiconductor Manufacturing Co Ltd (TSMC), from water usage curbs set to take effect on June 1, the world’s largest contract chipmaker said on Wednesday.
If there is no significant rain by month-end, tech powerhouse Taiwan will step up the restrictions in the major chip making hubs of Hsinchu and Taichung as it battles an islandwide drought, the government said.
Reporting by Yimou Lee; Editing by Clarence Fernandez ....

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Timeline: ByteDance founder who put TikTok on global map to quit as CEO

6 Min Read
SINGAPORE/BEIJING (Reuters) - Zhang Yiming will step down as chief executive of TikTok-owner ByteDance, handing over to college roommate, long-time colleague and current human resources head Liang Rubo.
FILE PHOTO: Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. Picture taken March 4, 2020. REUTERS/Shannon Stapleton
Zhang, 38, turned ByteDance into a social media powerhouse which has also had many brushes with global regulators.
This is a timeline of key events in the emergence of ByteDance and TikTok.
2012 - Zhang Yiming founds ByteDance in Beijing.
2016 - Launches Douyin, the Chinese version of TikTok. ....

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UPDATE 4-Taiwan's TSMC says suffered a brief power dip, electricity now restored

By Reuters Staff
(Adds power resumed, UMC comment)
TAIPEI, May 13 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s biggest contract chipmaker, said some of its facilities experienced a “brief power dip” on Thursday after an island-wider power outage, raising concerns that a global chip shortage could worsen.
The shortage began late last year and has since affected several industries, from automobiles to smartphones and home appliances, forcing many car makers to halt production lines.
It was worsened in recent months by a fire at a chip plant in Japan and blackouts in Texas, where a number of chipmakers have factories. ....

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