TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY
Govt eases certain SEZ rules for semiconductors, electronic components manufacturing
The government has relaxed land area regulations for Special Economic Zones (SEZs) dedicated to manufacturing semiconductors or electronic components, reducing the required contiguous land area from 50 to 10 hectares. This move aims to boost domestic production of essential electronic components, including display modules, batteries, and printed circuit boards.
Suzuki Motor halted Swift car production due to China's rare earth curb, Nikkei says
Suzuki Motor has stopped producing its Swift model cars in Japan. The production halt began on May 26. This is due to restrictions on rare earth elements imposed by China. The Japanese automaker initially planned to halt production until June 6. Suzuki has not yet provided an official statement regarding the matter.
China issues bounty for hackers it says are linked to Taiwan
Chinese authorities accused Taiwan of organising, planning and premeditating attacks on key sectors such as military, aerospace, government departments, energy and transportation, maritime affairs, science and technology research firms in China as well as in special administration regions Hong Kong and Macau, Xinhua said.
Trump renegotiating Biden-era Chips Act grants, Lutnick says
Biden in 2022 signed the CHIPS and Science Act to plow $52.7 billion into boosting semiconductor chips manufacturing and research in the U.S. and luring chipmakers away from Asia. The program rolled out billions in grants for semiconductor heavyweights including Taiwan's TSMC, South Korea's Samsung and SK Hynix, as well as U.S.-based Intel and Micron .
Nippon India Taiwan Equity Fund tops return chart with 22% in May. Can the momentum sustain?
Nippon India Taiwan Equity Fund topped equity fund returns in May with a 21.69% gain, driven by a surge in Taiwanese tech stocks. Experts highlight that while global funds may offer short-term gains, Indian markets offer better long-term prospects. Investors are advised to focus on fundamentals and risk appetite when considering international exposure.
GlobalFoundries boosts investment plans to $16 billion, with research focus
The Malta, New York-based company said it is working with the Trump administration to bring chip manufacturing technology and various components of that supply chain onto US soil.
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Global Foundries to set up design & testing centre in Kolkata, eyes future fab expansion
Global Foundries will establish a design and testing center in Kolkata. The West Bengal government will provide space for the project. There is a possibility of future expansion into fabrication. Santech Global Inc. has also expressed interest in setting up a semiconductor project in Kolkata. The government aims to create a robust semiconductor ecosystem.
US stock market futures today: Dow, S&P 500, Nasdaq futures steady as Trump’s tariff shock tests market nerves
US stock market futures today: Dow, S&P 500, Nasdaq futures held steady on Wednesday even as Donald Trump’s sharp tariff hike on steel and aluminum imports rattled trade talks. The President doubled duties from 25% to 50%, excluding only the UK. Despite rising tensions with China and the EU, Wall Street stayed calm thanks to a strong JOLTS job report and hopes for a solid May jobs report. Investors now eye the upcoming ADP employment data for more signs on the economy’s strength. Will the markets stay optimistic amid growing trade risks? Here’s everything you need to know.
Dixon awaits govt nod to make displays for sub-Rs 15k phones jointly with HKC
The company filed its application about six weeks ago and is now awaiting clearance, as the proposal falls under Press Note 3. Under this rule, India requires prior approval for foreign investments from countries with which it shares a land border. These include China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan.
Taiwan's TSMC has no plans to set up manufacturing plant in Middle East: Chairman & CEO TSMC
TSMC Chairman CC Wei refuted rumors of establishing a manufacturing plant in the Middle East, specifically the UAE, emphasizing the company's focus on regions with strong customer demand near its largest clients. Despite tariff concerns, TSMC maintains its 2025 sales growth projections, noting clients haven't altered order volumes.
Tata Electronics eyes Malaysia foray via chip fab acquisition
Malaysia's expertise in assembly, testing, marking and packaging (ATMP) along with its mature ecosystem, abundant skilled workforce, robust supply chain and government support make it a preferred destination, according to analysts. Also, the Malaysian government’s National Semiconductor Strategy, announced in May 2024, offers a significant incentive structure to attract investments.
Reliance only Indian firm in highly valued global technology companies list
Reliance Industries is the only Indian firm among the top 30 global tech companies by market value, ranked 23rd in a report on AI trends. The report highlights AI's rapid global impact, India’s lead in ChatGPT users, and massive investments fueling AI’s integration into products, infrastructure, and everyday life.
Experts speculate Samsung's spinoff of foundry business will boost trust and competitiveness, Samsung says it's too early
Samsung may separate its foundry business from its semiconductor division. This move addresses conflict of interest concerns. It mirrors a similar separation at Samsung Biologics. The foundry business makes chips for other firms. Concerns exist about technology leaks to competitors like Nvidia and Qualcomm. Experts suggest profitability is needed before the split.
Nvidia shares rise as sales hit from China export curbs not as bad as feared
Nvidia surpassed sales expectations due to AI chip stockpiling before new U.S. export restrictions to China. However, these restrictions are projected to cut $8 billion from the current quarter's sales, leading to a lower-than-expected forecast.
Karnataka: Cabinet committee clears sops for three semiconductor projects
Karnataka's Cabinet subcommittee has approved incentives for investments from Applied Materials, Lam Research, and Bharat Semi Systems, marking a significant step towards establishing the state as a semiconductor hub. These projects, totaling substantial investments, promise to boost the state's tech ecosystem and create thousands of jobs.
Intel, AMD former executives throw the hat into AI semiconductor ring
Executives from major semiconductor companies like Intel and AMD are leaving to launch AI chip startups in India, fuelled by government incentives and a growing demand for semiconductors. These ventures are attracting significant investment, aiming to capitalise on the projected $1 trillion global market by 2030.
India’s semiconductor ambitions: Bridging the gap with the US
India is strategically positioning itself in the global semiconductor industry through initiatives like the India Semiconductor Mission and PLI scheme, aiming to boost domestic chip design and manufacturing. Despite infrastructure deficits and workforce shortages, India focuses on enhancing education, fostering innovation, and building strategic alliances to become a significant player in the semiconductor landscape.
TSMC to open chip design centre in Munich, could later support AI development
Taiwan Semiconductor Manufacturing Co (TSMC) will open a design centre in Munich by Q3 2025 to support European clients in developing advanced AI, automotive, and industrial chips. This complements TSMC’s €10 billion Dresden plant, boosting Europe’s semiconductor capabilities through its ESMC joint venture with Infineon, NXP, and Bosch.
Sony to make case for finance arm spin-off in latest corporate transformation
The company plans to distribute just over 80% of its shares in Sony Financial Group, which includes banking and insurance, to shareholders through dividends in kind. It is the first partial spin-off in Japan taking advantage of a 2023 tax change and the first direct listing - set for September 29 - in more than two decades.
China accuses Taiwan of cyberattack on tech company
The foreign hacker organisation behind the attack was "supported by" Taiwan's Democratic Progressive Party (DPP), authorities in the capital of Guangdong province said, based on an initial police investigation.
Tatas rope in Intel veteran Tim McIntosh to steer Assam chip assembly plant
Tata Electronics strengthens its semiconductor assembly and testing (TSAT) capabilities by appointing Tim McIntosh, a former Intel executive, as VP and head of operations. TSAT is actively recruiting experienced professionals, particularly in Southeast Asia, with hiring drives planned in Malaysia and Singapore. The company aims to build a strong team to lead its new operations in India.
Foxconn among potential bidders for Singaporean chip assembly firm UTAC in $3 billion deal
Taiwan’s Foxconn is among potential bidders for Singapore’s semiconductor assembly firm UTAC Holdings, valued at around $3 billion. Owned by Wise Road Capital, UTAC offers chip assembly and testing services globally. The sale attracts interest amid US-China tech tensions, with bids due by month-end from buyers.
Foxconn among potential bidders for Singaporean chip assembly firm UTAC in $3 billion deal, sources say
Foxconn is reportedly among the potential bidders for Singapore's UTAC Holdings, a semiconductor assembly and testing business valued at approximately $3 billion. Wise Road Capital, UTAC's owner, has engaged Jefferies to manage the sale, anticipating non-binding bids by the end of the month. UTAC's China presence may limit interest from U.S. based entities.
Amid 'Jensanity', Nvidia signals plans to keep AI crown
Nvidia CEO Jensen Huang concluded a high-profile visit to Taiwan, highlighting new strategies amid slowing global AI spending. At Computex, he unveiled NVLink Fusion and enterprise AI servers to expand Nvidia's market reach. However, investors fear a drop in spending on artificial intelligence infrastructure as well as damage to sales from US trade friction.
Strong opportunities, but India will take time to be a chip hub: MediaTek executive
MediaTek executives caution that India's ambition to become a semiconductor hub may face delays due to a scarcity of skilled workers, potentially extending the time from facility groundbreaking to mass production. While India excels in chip design, its hardware and manufacturing expertise need development, requiring significant time or attracting foreign talent.
A tech hub's plan to upgrade for the AI age runs into Trump's tariffs
American companies have been manufacturing in Malaysia for decades. This has made Malaysia a key player in global tech. Now, Trump's tariffs threaten this industry.
TSMC declined India’s invitation to set up plant: Report
Taiwan Semiconductor Manufacturing Company declined India's plant invitation. India then partnered with Powerchip Semiconductor Manufacturing Corporation. They will build a wafer plant with Tata Electronics. TSMC is expanding in the US, Japan, and Germany. India is progressing towards chip manufacturing. Six chip fabrication facilities are approved. HCL and Foxconn have a joint venture.
Taiwan's president downplays tariff tensions with the US as 'frictions between friends'
Amidst ongoing trade negotiations with the U.S., Taiwan's President Lai Ching-te has downplayed tariff tensions as mere "frictions between friends." Despite initial 32% tariffs imposed by the U.S., later reduced to 10%, Lai remains optimistic, emphasizing the long-standing cooperation between the two regions.
Nvidia unveils plan for Taiwan's first 'AI supercomputer'
Nvidia boss Jensen Huang announced plans for Taiwan's "first AI supercomputer", as he showcased on Monday the company's latest advances in artificial intelligence. Huang said Nvidia would work with Taiwanese tech giants Foxconn and TSMC as well as the government to build Taiwan's "first AI supercomputer .. for the AI infrastructure and AI ecosystem".
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