chip makers

In a significant development, Samsung Electronics Co. (OTC:SSNLF) is reportedly on the verge of securing over $6 billion from the U.S. government to expand its chipmaking operations in the country. What Happened: As per a Bloomberg report released on Thursday, citing people familiar with the matter...

Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) who makes chips for Apple Inc (NASDAQ: AAPL) iPhones, delivered disappointing quarterly results along with bad news of postponing production launch at its U.S. plant to 2025. TSMC CEO Dr. C.C. Wei noted that although the increase...

Major Wall Street indices closed over 1.5% lower on Wednesday after witnessing a volatile session during Federal Reserve Chair Jerome Powell’s policy announcement.  Although markets initially cheered the 75 basis points rate hike, which was in line with expectations, along with...

A shortage of computer chips is causing automakers to scale back production and raising questions over supplies to other sectors such as consumer electronics. Here's the latest: "Manufacturers are doing what they should," said Taiwan Economy Minister Wang Mei-hua, as reported by...