Commentary Japan seems to be planning an end-run around China’s trading power. As chair of the G-7 meetings scheduled for this May in Hiroshima, Japan, Prime Minister Fumio Kishida is leveraging concerns about supply chain reliability to range this group of powerful economies—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—against China….
China Seeking to Dominate Fourth Industrial Revolution: Expert
March 28, 2023
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China is striving to dominate the Fourth Industrial revolution, according to David Goldman, Spengler columnist for Asia Times and PJ Media. Although the concept of a science, data, and technology-driven “Fourth Industrial Revolution” first stemmed from the World Economic Forum in 2015, it has since been adopted by the Chinese Communist Party. “From the mechanization…
Dutch Government Blocks China From Access to Key Semiconductor Technology
March 11, 2023
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The Dutch government agreed to block China from having access to chip manufacturing technology, heating up a longstanding conflict over semiconductors with Beijing. Chinese Communist Party (CCP) authorities slammed The Hague and accused the European Union state of siding with the United States in an ongoing chip war. The Minister for Foreign Trade and Development…
Chipmakers Will Abandon Plans for US Plants Unless Congress Passes $52 Billion Funding, Warns Raimondo
U.S. Commerce Department Secretary Gina Raimondo urged lawmakers to quickly approve $52 billion in funding for chipmakers as multiple companies have stalled their expansion plans in the country. “Mark my words … if Labor Day comes and goes and this Chips Act isn’t passed by Congress, these companies will not wait and they will expand…
Samsung Electronics Co. Investing $360 Billion to Build Chips, Boost Biotech Business
May 24, 2022
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Samsung Electronics Co. will spend 450 trillion won (about $360 billion) over the next several years until 2026 to boost its businesses, from semiconductor chips to pharmaceutical drugs. The investment is expected to drive long-term growth in strategic sectors like the chip industry. Samsung expects investments in the biopharmaceutical sector will help make it as…
ASML Chief Warns Critical Equipment Crisis Is Dampening Chipmakers’ Ambitious Expansion Plans: FT
ASML Holding NV CEO Peter Wennink warned about the critical equipment crisis as the supply chains struggled to drive production, the Financial Times reports. Wennink saw the crisis impeding chipmakers’ multibillion-dollar expansion plans over the next two years, Intel Corp. CEO Pat Gelsinger acknowledged that the crisis posed a challenge for the company’s expansion plans. Gelsinger…
Taiwanese Chip Manufacturer Fails to Acquire German Company, Will Decide on Greenfield Investment
February 9, 2022
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A Taiwan-based supplier of silicon wafers has announced that it will be diverting $4.98 billion earmarked for the acquisition of a German hyperpure silicon wafer manufacturer towards investing in a new greenfield. GlobalWafers said on Sunday that the all-cash tender offer for Siltronic AG, one of the world’s prominent manufacturers of hyperpure silicon wafers, failed…
Toyota Cutting Down on Vehicle Production Due to Semiconductor Shortages
January 19, 2022
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Toyota will manufacture 150,000 fewer cars in February, the company announced Tuesday, with the latest cut in numbers resulting in the automaker falling short of the total 9 million vehicles initially predicted for the year. A worldwide shortage of semiconductor chips has led to a series of cuts in production volumes over past months that…
Intel Investing $7 Billion in Malaysian Chip Factory
December 13, 2021
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Intel will invest 30 billion ringgit, a little over $7 billion, in a cutting-edge semiconductor packaging facility in Penang, a northwest state of Malaysia, the country’s authorities said on Monday. The investment will add to the company’s advanced chip packaging capabilities already on the island state. More details on the deal are expected at Wednesday’s…
Samsung Picks Texas City for $17 Billion Semiconductor Factory, to Create 2,000+ Jobs
November 25, 2021
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Samsung announced on Wednesday that it has chosen Taylor, Texas, for its $17 billion advanced chip-manufacturing plant, which is expected to create 2,000 direct high-tech jobs. “The new manufacturing facility will produce advanced logic chips that will power next-generation devices for applications such as mobile, 5G, high-performance computing (HPC), and artificial intelligence (AI),” Texas Gov. Greg…
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