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| TSMC's revenue beat forecasts in Q2 on AI demand |
7/11/2024 |
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Taiwan Semiconductor Manufacturing Co. reported second-quarter revenue of $20.67 billion, an increase of 32% year over year that surpassed market forecasts. The surge in demand for AI applications from Apple and Nvidia has contributed to the growth.
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| Texas governor seeks more investments from Samsung, LG |
7/10/2024 |
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Texas Gov. Greg Abbott is visiting South Korea to attract additional investments from major tech companies, including Samsung Electronics and LG. Abbott aims to strengthen the state's ties with companies in the technology and manufacturing sectors, in part by offering incentives.
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| Sony and other Japan chipmakers to spend $30bn in production race |
7/10/2024 |
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Sony Group and Mitsubishi Electric are among Japanese semiconductor makers planning to invest $31 billion over the next five years to help advance the manufacturing of power devices and image sensors, particularly for AI and electric vehicles, according to data compiled by Nikkei. The Japanese government is supporting these efforts with subsidies that target a significant increase in semiconductor sales by 2030.
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| China to assert state control over rare-earth metals |
7/3/2024 |
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China plans to take state ownership in October of its rare-earth materials used in semiconductor production, covering the entire supply chain from mining to export. The move aims to secure national interests amid a trade war with the US, and China emphasizes the regulation's principles of sustainability, innovation and safety.
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| TSMC to boost 2nm tech spend to rival Samsung |
7/3/2024 |
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Taiwan Semiconductor Manufacturing Co. is set to increase its investment next year and expand its 2-nanometer semiconductor production capacity, sources say, as competition with Samsung Electronics grows. TSMC's capital expenditure for 2025 will likely range from $32 billion to $36 billion, according to sources
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