For so long, the United States dominated the microchip market. But a new player, the Chinese regime, is pushing for competition. How are they doing it? They do so by stealing trade secrets and throwing money at the issue. But there are still more components to consider. How does Taiwan play into this? What does…
China Is Losing Microchip War to the United States; How the CCP Tries to Catch Up
South Korea to Release Samsung Scion on Parole
SEOUL, South Korea—South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of the country’s previous president. The announcement Monday by the Justice Ministry, which came with a…
Walmart To Give 740,000 US Store Workers Free Samsung Phones
CHICAGO—Walmart said on Thursday it would give nearly half its U.S. employees free Samsung phones by the end of the year so they can use an app the company has developed to manage shifts, clock in, and stay in “constant communication.” The world’s largest retailer, which employs nearly 1.6 million people in the United States,…
South Korea Seeks Tax Cuts for US Investment by Firms Such as Samsung
SEOUL—South Korea requested from the United States incentives such as tax deductions and infrastructure construction to ease the U.S. investment of Korean firms including leading chipmaker Samsung Electronics, its presidential office said on Friday. South Korean President Moon Jae-in, in Washington for a summit with U.S. President Joe Biden, told a gathering of U.S. Secretary…
Samsung Boosts Non-Memory Chip Investment to $151 Billion as South Korea Offers Bigger Tax Breaks
Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won ($151 billion) through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. Countries have also been working to bolster chip supply chains as the chip shortage affects production in industries such as autos. South Korea…
Samsung, Not Huawei, Chosen for SaskTel’s 5G Rollout
Saskatchewan’s SaskTel announced on March 15 that Samsung Electronics Co. Ltd. would be the sole vendor to supply its 4G/5G Radio Access Network (RAN) and Core. Korean-based Samsung will supply all hardware, software, and associated expertise to ensure the successful deployment of an end-to-end 5G solution. This would otherwise be a pedestrian corporate deal between…
NTD Business Full Broadcast (Feb. 5)
The Labor Department says January’s unemployment rate is down to 6.3% from 6.7% in December. Where are the job opportunities? NTD talks to Julia Pollak, a labor economist with Zip Recruiter. Why are car markers shutting down plants? NTD talks to an auto industry expert about the unprecedented computer chip shortage. Google tries to make…
Beijing Unlikely to Achieve Goal of Producing Most Microchips It Needs by 2025: Report
The Chinese regime’s semiconductor ambitions will fall short of its policy goal, according to a newly-released analysis by U.S. market research company IC Insights. The market researcher forecasted that China won’t be able to meet its goals of domestically producing 70 percent of its semiconductor needs by 2025, an objective under Beijing’s industrial policy of…
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