New Analysis Samsung, the pillar of South Korea’s economy, has seen its profit plunge in 2022 due to weak chip and smartphone demand. The company’s weak financial performance has impacted the overall South Korean economy. To reverse the weakening profitability, Samsung Electronics plans to invest 300 trillion won (about $227 billion) over the next 20 years…
Samsung’s Operating Losses Impact South Korean Economy, Aims to Build New Chip Center
March 28, 2023
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Orange County Partnership Gears Up to Attract Semiconductor Businesses
March 28, 2023
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The nonprofit that has driven Orange County’s high-value business growth for decades now sets its eyes on the burgeoning semiconductor industry. Orange County Partnership President Maureen Halahan and Vice President of Business Attraction Conor Eckert have been meeting with key industry players lately, seeking to bring home a share of the growing semiconductor supply chain. Primarily…
Biden Visits North Carolina to Promote Investing in America
March 28, 2023
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To promote his investing in America agenda, President Joe Biden visits semiconductor manufacturer Wolfspeed in Durham, North Carolina, at 2:30 p.m. ET on March 28. …
LIVE 2:30 PM ET: Biden Visits North Carolina to Promote Investing in America
March 28, 2023
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To promote his investing in America agenda, President Joe Biden visits semiconductor manufacturer Wolfspeed in Durham, North Carolina, at 2:30 p.m. ET on March 28. …
TSMC Founder: Chip Globalization Is Dead
March 17, 2023
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Taiwan Semiconductor Manufacturing (TSMC) founder Morris Chang declared that the globalization of the chip industry is over, and Taiwan is indispensable in the global chip industry for its unique work ethic. Speaking of the future of the chip sector, many countries strive to reshore manufacturers back to their territory to ensure supply chain resilience for…
China’s Imports and Exports Fell in January-February, Manufacturing Exports Fell Across the Board
March 14, 2023
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China’s General Administration of Customs released import and export figures for the first two months of 2023 on March 7, admitting that imports and exports had fallen year on year (YOY) and manufacturing exports had fallen across the board. According to the official data, China’s exports fell 6.8 percent from a year earlier to $506.3…
China Aids Russia’s War in Ukraine: Reports
February 15, 2023
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Recent reports show that the Chinese communist regime is providing technology to Russia for its war in Ukraine, despite international sanctions and export controls. According to a Wall Street Journal review of Russian customs data on Feb. 4, Chinese state-owned defense companies have been “shipping navigation equipment, jamming technology and jet-fighter parts to sanctioned Russian…
Hong Kong Exports Face Largest Drop Since 1950s, Chip Re-Exports Decline
Hong Kong’s exports have faced the largest decline in decades. Long-time trade in re-exporting electronic parts, particularly integrated circuits generating foreign currency, was likely impacted by U.S.-China trade sanctions and the U.S. restrictions on the Chinese Communist Party (CCP)’s semiconductor industry. Figures released by the Census and Statistics Department in Hong Kong showed exports recorded negative year-on-year…
Capitol Report: US Collects CCP Balloon Debris; Biden to Address Divided Congress
February 6, 2023
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The White House is now claiming Chinese spy balloons hovered over the United States during the Trump administration. What new details do we know about the balloon, as the former president fires back? There’s just one more day until President Joe Biden delivers his State of the Union Address. We take a look at his…
Dutch Foreign Minister Urges Semiconductor Makers to Prevent Chips Ending up in Russia
AMSTERDAM—The Dutch government on Tuesday called on semiconductor makers in the Netherlands to do more to prevent their chips from ending up in Russia, in violation of international sanctions. Foreign Minister Wopke Hoekstra told the Dutch parliament that the situation was “embarrassing,” following a report by national broadcaster NOS that found millions of Dutch-made chips…
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