Gov. Greg Abbott on Sunday touted Texas for its innovation amid the global chip shortage crisis that is impacting the production of automobiles and consumer electronics, declaring that his state will be the “home of semiconductor manufacturing going forward.” In an interview on Fox News’ “Sunday Morning Futures,” the Republican governor touched upon the chip crisis, which is estimated to cost…
Texas Gov. Abbott Declares State Will Be ‘Home of Semiconductor Manufacturing’ Amid Global Chip Shortage
December 7, 2021
admin
Business & Economychip shortageCompanieseconomyGreg AbbottLocal NewsRegional-Local NewssemiconductorTexasUSUS News
0 Comment
South Korean Tech Giants Face Choice Between US and China: Expert
News Analysis A major South Korean chip producer is planning to take cutting-edge equipment to a plant in China. The United States has pointed out that this is a military risk; and one expert says that it is crucial for Korean companies to move their production to the United States over China due to its…
Citi Sees 12.4 Percent Upside in This Semiconductor Company
Citi analyst Atif Malik raised the price target on Applied Materials Inc. to $175 from $160, implying 12.4 percent upside, and reiterated a Buy. The analyst updated his model to reflect the company’s balanced end-market mix and benefits from 3D devices. Applied Materials reported Q4 FY21 revenue of $6.12 billion, missing the consensus of $6.34…
Ambarella Shares Pop as Morgan Stanley Bumps up Price Target by 62 Percent
Morgan Stanley analyst Joseph Moore raised the price target on Ambarella Inc to $222 from $137, implying a 23 percent upside, and reiterated an Overweight. Morse bumped up the price target on the expectation of rising revenue leading to higher margins. Ambarella is a developer of semiconductor processing solutions for high-definition video capture, sharing, and…
Bi-partisan Tech Bill to Protect US Interests Stalls in the House
November 20, 2021
admin
ChinacongresshousePoliticssemiconductorSenateTaiwanTechTech NewsThreat from Communist ChinaUSUS NewsUS-China relationsUSA
0 Comment
A comprehensive bill to boost American science and technology to compete with China’s growing economic power and global influence, particularly regarding semiconductors capacity, has been stalled in the House of Representatives, after being passed by the Senate in June. As a result, proponents are looking for alternatives to turn it into legislation. The U.S. Innovation…
Experts Warn About Chinese Regime’s Infiltration of Taiwan Universities
November 12, 2021
admin
ChinaChinese RegimeinfiltrationsemiconductorSpecial TopicsSubverting TaiwanTaiwan’s National Tsing Hua University
0 Comment
After the recent media report of a Chinese communist regime organizations’ infiltration of Taiwan universities and research institutions, Taiwan’s Ministry of Education asked the group to leave immediately. The Education Minister pledged to make a comprehensive inspection of colleges and universities for similar violations. According to a report by the Central News Agency, on Nov….
Nine Governors Press US Lawmakers to Pass Semiconductor Funding Bill
November 10, 2021
admin
billBusiness & EconomyBusinesses in COVID-19CompaniescongressDemocratseconomic policiesEconomieseconomygovernorsIllinoislawmakersLocal NewsMichiganPoliticsRegional-Local NewsRepublicanssemiconductorTechTech NewsUSUS News
0 Comment
A bipartisan group of governors from nine states sent a letter on Wednesday to U.S. lawmakers urging them to pass subsidies for semiconductor factories that would produce chips for cars. The governors, who include Michigan Democrat Gretchen Whitmer, called on Congress to pass the $52 billion CHIPS Act, which would set aside $2 billion for…
Japanese Car Production Plunges Amid Supply Chain Disruptions
November 8, 2021
admin
automakersautomotiveBusiness & EconomyBusinesses in COVID-19chip shortageCompaniesJapansemiconductorsupply chainTSMC
0 Comment
Amid the global chip shortage, Japan’s eight largest automakers’ September domestic output stood at 398,075, falling 49.7 percent compared to the same period last year, the sharpest production decline since the 61.8 percent drop in May last year, according to Chinese state media. Among them, Toyota and Honda dropped more than 55 percent. TSMC’s Japanese…
Samsung Expanding US Chip Manufacturing
October 8, 2021
admin
Business & Economychip shortagechipsCompaniesLee Tae-KyuMoon Jae InSamsungsemiconductorShi ShanTaylorTexasWilliamson County
0 Comment
To help avert the global shortage of semiconductor chips, South Korea’s Samsung Electronics Co, Ltd is considering expanding its manufacturing operations in the southwest of the United States. The leading yet unconfirmed location for this new plant, contingent on subsidies and access to electricity and water, is the city of Taylor in Williamson County, Texas. South…
Nissan Plans Mexico Work Stoppages in October Due to Chip Shortage
MEXICO CITY—Japanese automaker Nissan will carry out temporary work stoppages at two Mexican plants for several days in October because of production adjustments needed to manage a shortage of semiconductor chips, its Mexico unit said on Wednesday. Nissan will halt operations at its plant 2 in the central state of Aguascalientes for 11 days in…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`