Tag: Chipmaking

South Korea's semiconductor inventory rose 28% in January, marking the fastest increase since 1996. With chips comprising 12% of exports, the surge highlights a prolonged tech recession dampening economic growth. Global demand downturn and geopolitical tensions further complicate recovery prospects.

IBM collaborates with Rapidus, a new Japanese government-backed chipmaker, to develop cutting-edge semiconductor technology. This partnership aims to help Japan regain its competitive edge in chip production amid global technological tensions and supply chain challenges.

Taiwanese economic officials express concerns about recent US semiconductor legislation potentially harming Taiwan's critical chip export industries. The $50 billion Chips and Science Act aims to reduce reliance on Taiwanese technology, creating uncertainty for the island's tech manufacturing sector.

SK Hynix will invest 15 trillion won ($10.9 billion) to build a new semiconductor facility called M15X in Cheongju, south of Seoul. Construction begins in October 2023 and is expected to complete in early 2025, expanding the company's memory chip manufacturing capabilities.

Intel CEO Pat Gelsinger announced an ambitious $88 billion investment plan to expand semiconductor manufacturing across Europe, targeting Germany, Ireland, France, and Italy. The decade-long strategy seeks to address global chip supply challenges and meet growing demand for advanced semiconductor technologies.