Another source familiar with the situation said the money would likely be used to expand capacity at the company's Beijing plant, specifically to quickly ramp-up production of chips using 65nm technology.
The world's major industrial economies can't all export their way to prosperity.
But analysts called the measures too timid in the face of the problems plaguing Japan's export-oriented economy.
New York Times
SMIC, China's largest foundry chipmaker, is close to receiving tens of millions of dollars from the China government in a move that could help its earnings this year.
There have been a number of positive developments regarding wage growth and government stimulus that will help move China forward towards a more consumption-oriented economy. But keep in mind that China is a save-first economy, so 20-25% wage inflation doesn't instantly equal 20-25% more consumer spending.
Korea Finance, a state-run financing group, plans to provide more than US$80bn in policy loans over the next five years to support Seoul's push into strategic industries such as renewable energy and nuclear power plants.
The Financial Times
China's economy accelerated more than expected in the first quarter, while consumer and wholesale inflation - though mixed - indicated a broadly rising trend, stoking further concerns of economic overheating in the economy.
Marketwatch.com (Dow Jones)
South Korea plans to invest 60 billion won (US$54 million) until 2015 to build up its analog chip industry to help local companies expand their presence in the global semiconductor market, according to the government.
Renewable energy investment may rise by 23% this year as government stimulus funds mainly in the US and Europe are spent wind turbines and solar panels.
Applied Materials has ramped up its lobbying effort during the last three months of 2009, spending close to a half-million dollars trying to sway lawmakers on energy policy and other issues.
Anyone who buys an electric car will be able to take advantage of a subsidy of up to 5,000 pounds (US$7,684) under plans to be set out by the government.
The Financial Times
Sharp's solar business is on track to turn its first annual profit as the company looks to expand production and forge partnerships with corporations worldwide to expand the use of solar power generation.
A homeowner could earn up to 900 pounds (US$1,433) each year for a typical 2.5 kilowatt solar PV system and save an additional 140 pounds on their annual electricity bill, according to an announcement by the UK's Department of Energy and Climate Change.
India has seen how the Gulf state of Abu Dhabi has, with a budget of US$10 billion, set about manouvering its way into a key place in the semiconductor industry with the creation of Globalfoundries.
China has said its economy expanded by 8.7% in 2009, exceeding even the government's own initial expectations.
"China's exports largely consist of low-value everyday goods like cheap electrical appliances and textiles - but that's a long way from where it wants to be..."
China's exports probably ended a 13-month slide in December, aiding an economic rebound that has so far depended on government stimulus measures and a credit-fueled building boom.
A recent research by SEMI indicates China is committed to narrow the gap between its IC production and consumption. "In addition to investments in the macro economy, the Chinese government also remains the biggest investor in the semiconductor industry in China..."
China streaked ahead of its western and Asian rivals at the weekend by unveiling the world's fastest long-distance passenger train service. The improvement illustrates how China's huge investment in infrastructure is dramatically shrinking the country.
The Financial Times
Beijing's top negotiator for Taiwan and his Taiwanese counterpart have signed a series of business accords, and said agreements on free trade and IP rights would be negotiated in talks slated for the first half of 2010. Critics fear that the move will eventually lead to unification with the Chinese mainland.
The Korean government and private sector will jointly inject 58.4 billion won (US$50.5 million) over the next three years into building up the local semiconductor manufacturing equipment sector, according to government officials.
The sector's recovery depends on what happens at the global climate change summit taking place in Copenhagen and incentives for the renewable resource in China, according to Mark Pinto, CTO and general manager of Applied's Energy and Environmental Solutions group.
The fall in cost is due to the increased lifetime, according to the independent EU Energy Institute.
Thailand's economy grew for a second straight quarter as government stimulus spending and an improvement in manufacturing propelled its recovery from recession.
Intel is now completing its first chip-fabrication plant in China; it will lag the technology used by other factories by two years, but the factory will still affect local know-how.
Wall Street Journal
The German government is funding a research project aiming at developing manufacturing processes for large-area OLED illuminants. In the Light InLine (LILi) project, Applied coordinates the activities of a team formed of its own experts as well as professionals from OLED materials manufacturer Merck KGaA and from the Technical University of Braunschweig (Germany).
The International Monetary Fund has warned Asian nations not to withdraw their stimulus spending too soon.
The Obama administration has made increasing US exports a key part of its strategy to reduce unemployment and is moving on several fronts to do that, Commerce Secretary Gary Locke has said.
Taiwan's government will invest in an innovative memory chip company to a maximum of NT$10 billion, and only if such an enterprise can secure core technology and help Taiwan to stay competitive in the field, Minister of Economic Affairs Shih Yen-shiang said on October 15.
Consumer sentiment as measured by the Reuters/University of Michigan index fell to 69.4 in early October, below the 73.5 print in late September, which economists were expecting would remain unchanged.
Beijing's four-trillion-yuan (US$586 billion) stimulus package, unveiled in November 2008, "has played a very good role in the recovery of the Chinese economy," said Xiong Bilin, a vice director general of the National Development and Reform Commission.
AFP (via Google)
Germany's next government plans to reduce incentives to generate solar power as early as 2010, the energy spokesman for Chancellor Angela Merkel's Christian Democrats said.
"People are printing money, gold is going up," according to investor Jim Rogers in an interview on Bloomberg Television.
The European Commission's new proposal to boost solar technology development focuses too much on research and not enough on deploying commercial technologies, according to the European Photovoltaic Industry Association (EPIA).
As China primes its energy market for explosive growth, the country could see one gigawatt of solar power generation capacity by 2011, said a new report by GTM Research.
Japan's export recovery slowed in August, pointing to slower growth in production and fuelling concern that the economy may lose momentum as the impact of stimulus spending around the world fades.
Reuters (via Forbes.com)
Micron Technology will begin to pursue manufacturing of LED devices with the help of a US$5 million federal economic stimulus grant announced Sept. 24.
Idaho Business Review
Leaders of the G20 group of the world's most powerful countries pledged to bring the world economy out of recession when they met in London in April. As they meet in Pittsburgh five months later, just how far have their governments gone in meeting some of their key commitments?
Recent signs that recession has ended in some major economies, including China's major trading partner Japan, suggest that exports may pick up again.
Chinese Premier Wen Jiabao pledged to continue his government's aggressive stimulus efforts, saying the world's third-largest economy faces persistent problems and uncertainties from the global recession despite an upturn in growth.
Wall Street Journal