Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chip maker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing Co (TSMC). Intel said the manufacturing unit had US$7 billion in operating losses for 2023, a steeper loss than the US$5.2 … Read more
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
Taiwan Semiconductor Manufacturing Company (TSMC) has promoted two senior executives to share chief operating officer responsibilities, heralding a new generation of leaders at the world’s largest contract chipmaker. The chip firm’s board on Thursday approved the appointment of Y.J. Mii and Y.P. Chyn as executive vice presidents and co-chief operating officers, according to a statement. … Read more
Intel Intel has announced a new collaboration with Microsoft, revealing plans for the tech giant to utilize its services in manufacturing a custom computing chip. Intel is optimistic about surpassing its internal deadline of 2025 to outpace its primary competitor, Taiwan Semiconductor Manufacturing Co (TSMC), in advanced chip manufacturing. The announcement came during an event … Read more
Delivering his acceptance speech on Saturday, Taiwan’s president-elect William Lai Ching-te vowed to spare no efforts to further develop the island’s critical chip and semiconductor industry. “As president, I will continue to assist the development of the semiconductor industry, from materials, equipment, research and development, integrated circuit design, manufacturing to wafer fabrication and testing for … Read more
A fund that outperformed most of its peers has added Tencent Holdings back to its portfolio recently, betting on the gaming company’s attractive valuation despite further industry curbs by the Chinese government. Federated Hermes Asia Ex-Japan Equity Fund, which beat 83 per cent of its peers for the past three years, made the purchase in … Read more
“Tailwinds are blowing,” said Kazuma Kishikawa, an economist at Daiwa Institute of Research. The Taiwanese company’s US$8.6 billion plant along with other vast spending plans by its peers such as Rapidus and Micron Technology could spur more investment and competition for talent and hence labour market liquidity and wage growth in broader sectors, he said. … Read more
