Japan approved up to ¥590 billion (US$3.9 billion) in subsidies to chip venture Rapidus, committing more money to its ambition to catch up in semiconductor manufacturing. The additional funding will help Rapidus buy chipmaking equipment and also develop advanced back-end chipmaking processes, Economy Minister Ken Saito said. The amount is on top of billions of … Read more
China will host a forum next month to promote its digital-economy growth model and facilitate the development of digital infrastructure in partner nations of its Belt and Road Initiative (BRI), Beijing’s plan to grow global trade. The Digital Silk Road (DSR) Development Forum will open on April 16 in Xian, capital of western Shaanxi province, … Read more
Micron Technology, the largest US maker of memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence (AI) hardware. Revenue for its financial third quarter will be US$6.4 billion to US$6.8 billion, Micron said in a statement on Wednesday. That compares with … Read more
