Samsung plans $23 billion Texas chip plant, creating 2,000 jobs
SEOUL (BLOOMBERG) – Samsung Electronics has unveiled plans to invest US$17 billion(S$23 billion) in a new advanced chip plant in Texas, a marquee project that will fortify the US semiconductor […]
Samsung says component shortages to affect some chip demand after 3-year profit high
SEOUL (REUTERS) – Samsung Electronics said on Thursday (Oct 28) it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly […]
Samsung Electronics says Q3 profit likely highest in 3 years on rising chip prices
SEOUL (REUTERS) – Samsung Electronics said on Friday (Oct 8) its third-quarter operating profit likely rose 28 per cent to the highest in three years, helped by rising memory chip prices […]
Chip crisis worsened by Delta variant threatens to cut auto output by 7.1 million cars
SOUTHFIELD, MICHIGAN (BLOOMBERG, REUTERS) – The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble […]
Intel in talks to buy chip giant GlobalFoundries for about $40.6 billion: WSJ
BENGALURU (REUTERS) – Intel Corp is in talks to buy chip giant GlobalFoundries, a big investor in Singapore manufacturing, for about US$30 billion (S$40.6 billion), the Wall Street Journal reported […]
Debrief: Consumers further hit as global chip crunch worsens
SINGAPORE – The global chip shortage, which has become more pronounced in recent months, is expected to last until next year. The onset of the Covid-19 pandemic made manufacturers more […]
Global chip shortage extends to more sectors, to last till 2022: Bain & Company
SINGAPORE (THE BUSINESS TIMES) – As the demand for chips continue to outstrip supply, carmakers are no longer the only ones bearing the brunt of the impact. The global chip […]
Samsung sees higher chip earnings as Q1 profit jumps 46%
SEOUL (REUTERS) – Samsung Electronics said on Thursday (April 29) it expects chip profits to increase in the current quarter after announcing its highest first-quarter operating profit since 2018. The […]
Ford says Q2 car output will fall 50% on chip shortage
NEW YORK (REUTERS) – Ford estimated on Wednesday (April 28) that the global semiconductor shortage will cut second-quarter auto production in half, and warned the supply crunch “will get worse […]
Samsung flags 26% rise in Q4 profit on chip, display sales
SEOUL (REUTERS) – Samsung Electronics said on Friday (Jan 8) that fourth-quarter operating profit likely rose 26 per cent, in line with analysts’ estimates, as pandemic-driven remote working fuelled sales […]