Commentary The United States and South Korea are getting tougher on technology leaks. The two countries have extensive tech industries to protect. Most important is their technological lead, along with the Netherlands, in small and powerful computer chips used for economic and military applications around the world. Countries that steal these technologies include China, Russia,…
The Big Tech Spy Hunt
May 19, 2023
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Business & MarketsBusiness Columnistscomputer chipsOpinionSouth Koreatechnology leaksThe Chinese Communist PartyThe United StatesThinking About China
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Intel Slashes Dividend by 65 Percent as It Pushes to Cut Costs After Big Loss
February 22, 2023
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Business & MarketsCompaniescomputer chipsdividendeconomyIntel Corp.InvestmentMarketsMedia & Big Techpersonal financestocksUS
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Intel Corp. slashed its quarterly dividend by almost two-thirds, as it proceeds to cut costs after major losses. The U.S.-based chip manufacturer will reduce its fourth quarterly dividend from $0.365 to $0.125, a loss of more than 65 percent, the chipmaker announced on Feb. 22. This comes after the company announced the implementation of a series of…
Micron to Build $100 Billion Computer Chip Plant in New York
October 4, 2022
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Business & MarketsChip FactoryCompaniescomputer chipseconomic policieseconomyInvestmentLocal NewsMarketsMedia & Big TechmicronNew YorkRegional-Local NewsUS
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Micron will build a new $100 billion computer chip factory over the next two decades in upstate New York. The company will build the manufacturing facility at White Pine Commerce Park, in Clay, a suburb of Syracuse, N.Y. in Onondaga County. The project is expected to bring tens of thousands of jobs to the region,…
US Would Face ‘Deep and Immediate Recession’ If Chips from Taiwan Stop Flowing, Warns Commerce Secretary
July 21, 2022
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Business & MarketsChinaCompaniescomputer chipseconomyMarketsMedia & Big TechNational SecurityTaiwanThreat from Communist ChinaUSUS-China relations
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The United States would face a “deep and immediate recession” if access to Taiwan’s computer chips plants are cut off, said Commerce Secretary Gina Raimondo on July 21 to CNBC. The secretary’s comments come as Congress is gathering key votes on a bill to fund semiconductor manufacturing at home, called the CHIPS Act. The Senate voted…
ASML Attempts to Supply Chipmakers With Critical Equipment as Chip Shortage Worsens
March 22, 2022
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Asia & PacificASMLBusiness & Economycomputer chipseconomyEuropeInvestmentMarketsRussia-Ukraine Warsupply chain crisisUSWorld
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Major computer chip makers are facing a critical shortage of manufacturing equipment for the second year in a row as they attempt to increase production in the middle of a supply chain crisis. A global shortage has been causing problems for many chip-reliant industries since the waning of the initial COVID-19 pandemic, with manufacturers struggling…
Volkswagen Expects Semiconductor Shortage to Ease in the Second Half of 2022
Volkswagen (VW) said on Feb. 16 that it expects auto production to slow down due to a continued shortage of semiconductor chips in 2022, but that it should be able to ramp up production in the second half of the year. Automakers around the world have been hit by a shortage of semiconductors caused by…
GM Profit Surges to $2.98 Billion on Sales of Higher-Margin Trucks
Detroit—General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips. Despite the semiconductor shortage, GM stuck with full-year pretax earnings guidance of $10 billion to $11 billion issued earlier in the year and said earnings would…
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