Florida Gov. Ron DeSantis warned about China’s malign influence in the Sunshine State after reports showed Chinese investors having spent billions of dollars buying U.S. farmland and other real estate. Calling China the United States’ “number-one adversary,” DeSantis told Fox News on July 23 that companies linked to the Chinese Communist Party (CCP) shouldn’t be…
Chinese Investors Shouldn’t Be Allowed to Buy US Properties: DeSantis
July 24, 2022
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Business & MarketsChinaChina Business & EconomyChinese Commuint PartyConfucius Institueseconomic policieseconomyFloridaGov. Ron DeSantisInvestmentLocal NewsPolicies & ImpactsPoliticsRegional-Local NewsRepublicanssemiconductorUSUS NewsUS-China relations
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Volkswagen to Develop New Semiconductor With STMicro Amid Chip Crunch
PARIS/BERLIN—Germany’s Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry’s supply chain, the companies said on Wednesday. The move illustrates how Volkswagen, Europe’s biggest carmaker, is striving to gain greater control over the supply of chips. It is Volkswagen’s first direct relationship with…
South Korea Given Deadline to Join US-Led Chip Alliance Amid Mounting Pressure from Beijing
South Korea once again faces a significant strategic dilemma amid growing calls to participate in the U.S.-led chip alliance designed to decouple countries from China. The semiconductor powerhouse was asked to make a decision by the end of August. The United States has reportedly asked South Korea to inform it whether it will join the…
TSMC Raises Expectations for Revenue Growth Despite a Slowdown in Chip Industry
TSMC, a world-leading chip maker located in Taiwan, has seen its shares drop sharply amid an overall slowdown in the industry but is expected to maintain its dominant position with stronger revenue growth targets than last year. Speaking at an investor conference on July 12, TSMC CEO C.C. Wei said that the company has raised this…
Biden Says US Would Use Force Against Iran; Manchin Raises Alarm on Inflation
Democratic Senator Joe Manchin raised the alarm on inflation, calling on the White House and congressional leaders to cut back on spending. The Biden administration is pressing for quick passage of a U.S. semiconductor bill. Lawmakers say it’s a national security issue. Ballot abuse in a local election in Arizona. The former mayor of a…
Japan Business Mood Worsens on Hit From China’s Lockdown, Rising Costs
TOKYO—The mood among Japan’s big manufacturers’ soured for a second straight quarter in the three months to June, a central bank survey showed on Friday, hit by rising input costs and supply disruptions caused by China’s strict COVID-19 lockdowns. But confidence among big non-manufacturers improved in the quarter, the “tankan” quarterly survey showed, suggesting service-sector…
TSMC Says It Will Have Advanced ASML Chipmaking Tool in 2024
SANTA CLARA, Calif.—Taiwan Semiconductor Manufacturing Co. executives said on Thursday the world’s biggest chipmaker will have the next version of ASML Holding NV’s most advanced chipmaking tool in 2024. The tool called “high-NA EUV” produces beams of focused light that create the microscopic circuitry on computer chips used in phones, laptops, cars, and artificial intelligence…
GM CEO Says ‘We Are Selling Every Truck We Can Build’
DETROIT—General Motors Co. Chief Executive Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker’s annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric vehicles for…
US, South Korea Strengthen Economic Ties Through ‘Semiconductor Alliance’
May 28, 2022
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Asia & PacificBusiness & Economyeconomic policieseconomyExecutive BranchHyundaiPoliticsSamsungsemiconductorSouth KoreaUSWorld
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New Analysis South Korea-U.S. economic ties are changing amid supply chain worries, high-tech competition, and concerns over national security. Having China as its largest trading partner, South Korea had, for over a decade, managed to mostly maintain balanced economic ties between the two powerhouses. However, recently, Seoul has made a clear shift in cementing a…
Toyota Cuts June Output Plan Again as China Lockdowns Bite
May 28, 2022
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Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniessemiconductorToyota Motor Corp
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TOKYO—Toyota Motor Corp. on Friday cut its global production plan for June for the second time this week and signaled its full-year output estimate could be lowered, highlighting the pain from the supply chain crunch and China lockdown. Global automakers’ production has been hit by the microchip shortage and also by China’s COVID-19 lockdowns. The…
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