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Bringing simulation of real and virtual worlds to everything from self-driving vehicles to avatars to robotics to modeling the planet's climate, Nvidia founder and CEO Jensen Huang has introduced technologies to transform multitrillion-dollar industries.
Company release
The video conference meeting between the two leaders, which lasted more than three-and-a-half hours represented their most substantial discussion since Biden took office in January, and comes at a time of particularly high tension.
Guardian
Amkor Technology has announced plans to build a state-of-the-art smart factory in Bac Ninh, Vietnam. The first phase of the new factory will focus on providing advanced SiP assembly and test solutions to the world's leading semiconductor and electronic manufacturing companies.
Company release
The Biden administration spurned a plan by Intel to increase production in China over security concerns, dealing a setback to an idea pitched as a fix for US chip shortages, according to people familiar with the deliberations.
Bloomberg
The Japanese government said it will make an aggressive push to help domestic semiconductor companies expand globally, with a goal of increasing their annual revenue to more than JPY13 trillion (US$114 billion) by 2030.
Bloomberg
Beijing is hunkering down after experiencing more Covid infections in the current cluster than at any time in the past 17 months, with officials asking for events and activities to be moved online.
Bloomberg
That seems to be the message investors are sending as they push market indexes to new highs daily right after several technology companies warned supply-chain bottlenecks, labor shortages and delivery problems would crimp their holiday results. But investors might be missing something. Disappointing results from three key chip companies could mean cracks are forming around the bull narrative. And they may turn out to be the warning signs this upturn is nearing its end.
Bloomberg
Every major semiconductor company has pledged to comply with a US request for information pertaining to the global chip shortage, Commerce Secretary Gina Raimondo said on the day of a deadline set by the government.
Bloomberg
Advanced Micro Devices (AMD) on Monday said it has won Meta Platforms as a data center chip customer, sending AMD shares up more than 11% as it cemented some of its gains against Intel.
Reuters
TSMC is struggling with its latest cutting-edge manufacturing technique, which shrinks the size of transistors on chips to 3 nanometers, a change that will allow Apple to include more powerful, less energy-hungry processors in its devices without dramatically increasing their size, according to two people briefed by TSMC on the project.
The Information
Yahoo has shut down access to its services in China, becoming the latest American tech company to exit the country.
CNN
Apple has cut back sharply on iPad production to allocate more components to the iPhone 13, multiple sources told Nikkei Asia, a sign the global chip supply crunch is hitting the company even harder than it previously indicated.
Nikkei Asia
GlobalFoundries debuted on the Nasdaq this week, valued at over $25 billion, as it became increasingly evident that a global chip shortage could persist through 2023 or later.
CNBC
SK Hynix, the world's second-largest memory chip maker, said on Friday it will acquire South Korea-based Key Foundry, a chip contract manufacturer, for 576 billion won ($492.41 million).
Reuters
Sony Group on Thursday confirmed it is considering a plan to join with Taiwan Semiconductor Manufacturing Co. in building a chip factory in the western Japanese prefecture of Kumamoto.
Nikkei Asian Review
Facebook rose to prominence over the past two decades with some of the world's most recognizable branding: a big blue-and-white letter F. No longer. On Thursday, the social networking giant took an unmistakable step toward an overhaul, de-emphasizing Facebook's name and rebranding itself as Meta.
New York Times
Total consolidated revenue was a quarterly record of KRW73.98 trillion (US$63.4 billion), a 10% increase from a year earlier, which was the previous high. Operating profit increased 26% from the previous quarter to KRW15.82 trillion, the second-highest ever, as favorable market conditions continued in the memory market while the foundry and display businesses achieved robust sales.
Company release
The global semiconductor chip shortage cost Volkswagen and Stellantis a combined 1.4 million vehicles in lost production in the third quarter, Europe's two biggest carmakers said on Thursday, though both reported some early signs of improvement.
Reuters
Personal consumption slowed sharply, due in part to a drop in outlays for cars, Commerce Department data showed Thursday. That subtracted 2.39 percentage points from gross domestic product growth and drove the decline in goods spending in the period, as automakers had a tough time keeping dealer lots full.
Bloomberg
Today at its inaugural Intel Innovation event, Intel returned to its developer roots, highlighting a renewed commitment to the community and a developer-first approach across software and hardware. Announcements spanning new products, developer tools and technologies underscore Intel's focus on empowering an open ecosystem, ensuring choice for developers to use the tools and environments they prefer, and building trust and partnership across cloud service providers, open source communities, startups and others.
Company release
SK Hynix is expected to acquire Key Foundry to strengthen its foundry business.
BusinessKorea
Few people could have predicted the downward spiral for Alibaba, when founder Jack Ma delivered a blunt criticism of China's financial system last October.
Bloomberg
Intel's plans for a multibillion-dollar investment in a new US semiconductor plant hang in part on Congress moving on a stalled plan to bolster the domestic chip industry, the company's chief executive said.
Bloomberg
BOE, CSOT and Samsung Display were all developing the OLED panel that Samsung Electronics plans to use on its Galaxy A73 smartphone launching next year, TheElec has learned.
TheElec
Micron Technology said on Wednesday it is considering building a new memory factory in the United States but that state and federal subsidies will be needed to offset costs that are higher than its factories in Asia.
Reuters
Micron Technology is planning to build a DRAM plant in Hiroshima prefecture, western Japan, for as much as JPY800 billion (US$6.98 billion), the Nikkan Kogyo newspaper reported Wednesday, without attribution.
Bloomberg
For around a year now, Apple has been switching to its own M-family processors across the Mac range - starting with the M1-equipped Mac mini, MacBook Air and entry-level MacBook Pro in November 2020, and culminating most recently in the high-end MacBook Pros with M1 Pro and M1 Max chips announced last night. In the process the company has abandoned Intel's processors after 15 years of collaboration.
MacWorld
Chipmaker GlobalFoundries and major shareholder Mubadala Investment Co. plan to raise as much as $2.6 billion in a US initial public offering.
Bloomberg
JP Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple's iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.
Reuters
Apple is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product, according to people with knowledge of the matter.
Bloomberg
Samsung Electronics is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts' estimates show.
Reuters
In an exclusive interview with Time magazine, TSMC chairman Mark Liu said his team has to triangulate different data points to decipher which customers were truly in need and which were stockpiling.
Time
GlobalFoundries plans to seek an initial public offering, according to a Monday filing with the Securities and Exchange Commission.
MarketWatch
The semiconductor chip shortage that is hamstringing the production of products ranging from cars and computers to appliances and toothbrushes will extend into 2022 and potentially beyond that, the CEO of semiconductor company Marvell Technology said.
CNBC
New car sales plunged over the last three months in the United States despite strong demand, as the shortage of computer chips and other supply chain issues caused shutdowns at auto factories and choked off the supply of vehicles.
CNN
The Biden administration is pressuring companies involved in the semiconductor supply chain to be more transparent as the global chips shortage continues to wreak havoc across many industries, officials said.
Bloomberg
ASML increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products.
Reuters
Renesas Electronics on Wednesday unveiled plans to raise its capacity to supply a key component in cars and electronics more than 50% by 2023, as some industry watchers predict a global chip shortage could last into next year and beyond.
Nikkei Electronics Asia
Micron Technology forecast current-quarter revenue below analysts' expectations and warned that shipments for its memory chips were set to dip in the near term as its customers making personal computers face shortages of other parts.
Reuters
Power rationing and forced cuts to factory production in China are widening amid electricity supply issues and a push to enforce environmental regulations.
Bloomberg
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