STMicroelectronics (STM), a leading chipmaker supplying companies like Tesla and Apple, has slashed its full-year revenue and profit forecasts for the second time. The company attributed the revision to a “longer and more pronounced correction …
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US to Award $400 Million to GlobalWafers for Semiconductor Production
The US Commerce Department announced plans to award Taiwanese semiconductor company GlobalWafers up to $400 million in government grants. This funding aims to significantly increase the production of silicon wafers, a crucial component in advanced …
Continue readingTaiwan President Thanks Micron CEO for Trust and Investment in Semiconductor Industry
Taiwan President Lai Ching-te made a rare public gesture towards a senior foreign tech executive by meeting with Micron CEO Sanjay Mehrotra. The meeting, which took place amidst heightened tensions between Taiwan and China, signaled …
Continue readingSamsung Q2 Profit Skyrockets on AI Chip Boom, Memory Prices Surge
Samsung Electronics is poised for a record-breaking second quarter, with estimates indicating a staggering 15-fold increase in operating profit. The surge is attributed to the artificial intelligence (AI) boom, which has driven up semiconductor prices …
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