samsung chips – pressnews

[ad_1] According to a Wall Street Journal report, US President Joe Biden will soon announce subsidies top semiconductor companies like Samsung, Intel, TSMC (Taiwan Semiconductor Manufacturing Co) and others to make advanced chips in the US. The strategy is to keep the US and its allies as ahead of fierce rivals like China as is possible. The windfall is expected to be in the billions of dollars and it will be announced in coming weeks and this will be to help them build new factories in the U.S. The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations. The announcement is expected to come before President Biden'...

[ad_1] Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion. Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion from the sector's global market value after the Biden administration imposed curbs on China's access to semiconductor technology. Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, plunged a record 8.3% on Tuesday. Samsung Electronics Co. and Tokyo Electron Ltd. also tumbled on concern US efforts to ensure international cooperation will crimp their ability to export to China. The selloff spread to currency markets. South Korea's won slumped more than 1.6% versus the greenback while the Taiwan dollar dropped 0.7% amid lo...

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Joe Biden set to rain subsidy windfall on Samsung, Intel, TSMC and others, for chips: Report

Chipmaker Rout Engulfs TSMC, Samsung With $240 Billion Wiped Out