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Tokyo Electron hits new high after China demand boosts outlook

Tokyo Electron hits new high after China demand boosts outlook
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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China's chip champion SMIC reports slump in revenue, income for 2023 amid weak market, stiff competition

Semiconductor Manufacturing International Corp, China’s top contract chip maker, reported lower revenue and net income for 2023 amid weaker global demand, stiff competition and high inventories.

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Samsung Display's record 4Q23 profits atone for feeble semiconductor performance

Samsung Display's record 4Q23 profits atone for feeble semiconductor performance
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US to announce billions in subsidies for advanced chips -WSJ

The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations. The executives expect some announcements to come before Biden's State of the Union address on March 7, according to the report.

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US to announce billions in subsidies for advanced chips

US to announce billions in subsidies for advanced chips
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Biden To Award Semiconductor Companies: US to announce billions in subsidies for advanced chips, ET Auto

Biden To Award Semiconductor Companies: Among the likely recipients of the subsidies, Intel has projects underway in Arizona, Ohio, New Mexico, and Oregon that will cost more than USD 43.5 billion, the paper said. Another likely recipient, Taiwan Semiconductor Manufacturing Co (TSMC) has two plants under construction near Phoenix for a total investment of USD 40 billion. South Korea's Samsung Electronics, also a contender, has a USD 17.3 billion project in Texas.

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SEOUL -- When he died after a long illness in October 2020, Lee Kun-hee, the former chairman of South Korea's Samsung Electronics, left a global elect

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U.S. to reportedly announce billions of dollars in subsidies for advanced chips

The Biden administration is expected to award billions of dollars in subsidies to top semiconductor companies in the coming weeks to help build new factories.

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