SK Hynix aims to select a US site for its advanced chip packaging plant and break ground there around the first quarter of next year, two people familiar with the matter said, helping the United States to compete as China pours money into the burgeoning sector.

Nvidia on Monday warned its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business, sending the chip designer's shares down about 5% in early trading.

Shipments to iPhone assembler Pegatron's factory in China were being held for scrutiny by Chinese customs officials a day after the company's senior executive met with US House speaker Nancy Pelosi in Taipei.

Samsung Electronics has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending.

Keith Krach, former Under Secretary of State for Economic Growth, Energy, and the Environment in the Trump administration, speaks on the significance of the CHIPS Act, which has since been passed by the House in a 243-187 vote.

The Biden administration has been weighing a potential ban for months, but has elected to order the Commerce Department to issue a new rule that will effectively block the export of chip design software that's required to make chips with an emerging technology called gate all around, according to a person familiar with the administration's plans.

Apple reported an almost 11% decline in profit after weathering supply constraints and shutdowns in China, although iPhone sales continued to grow, remaining resilient despite economic challenges.

China has signalled that it may miss its annual economic growth target, as Covid restrictions weigh on the world's second largest economy.

China has begun a series of investigations into key figures responsible for shaping chip policy and investment, raising questions about the impact on Beijing's blueprint for challenging US dominance of a US$550 billion industry.

The US economy has shrunk for the second quarter in a row, a milestone that in many countries would be considered an economic recession.

STMicroelectronics expects its factories to run at full steam well into 2023 as the chipmaker's backlog is filled by the car and smartphone industries, prompting it to raise its 2022 outlook and build new production lines.

The European Central Bank (ECB) has raised interest rates for the first time in more than 11 years as it tries to control soaring eurozone inflation.

Hyundai Motor, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components.

SoftBank has put on hold plans for a London initial public offering of Arm because of the political turmoil in the UK government, throwing doubt on Britain's place as the future home of the Cambridge-based tech giant.

Intel has informed customers it will raise prices on a majority of its microprocessors and peripheral chip products later this year, citing rising costs, Nikkei Asia learned.

China's economy contracted sharply in the second quarter of this year as widespread coronavirus lockdowns hit businesses and consumers, with its GDP falling by 2.6% sequentially.

Intel today announced that its board of directors has declared a quarterly dividend of $0.365 per share ($1.46 per share on an annual basis) on the company's common stock. The dividend will be payable on Sept. 1, 2022, to stockholders of record on Aug. 7, 2022.

Bosch will invest EUR3 billion (US$3.01 billion) in chip production by 2026, including on opening two new development centres and expanding a wafer factory in Dresden, the company said on Wednesday.

A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China's latest COVID lockdown, and the war in Ukraine dampened consumer spending, especially on PCs and smartphones.

Instead of using an Exynos SoC for the upcoming Galaxy S23 series, perhaps Samsung should fully embrace Qualcomm.

The US is pushing the Netherlands to ban ASML Holding from selling to China mainstream technology essential in making a large chunk of the world's chips, expanding its campaign to curb the country's rise, according to people familiar with the matter.

The British government has delayed for another two months its final judgment on whether to allow the acquisition of Britain's largest semiconductor plant by a Chinese company.

Apple is previewing a groundbreaking security capability that offers specialized additional protection to users who may be at risk of highly targeted cyberattacks from private companies developing state-sponsored mercenary spyware. Apple is also providing details of its US$10 million grant to bolster research exposing such threats.

South Korea's export growth slowed sharply in June, partly due to a shorter work month but also as a result of softer global demand, as the nation ran a trade deficit for a third consecutive month.

Facebook-owner Meta Platforms has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.

Taiwan's industrial sector, including the world's largest contract chipmaker, will be hit with the island's first power price increase in four years as the state-owned utility grapples with soaring fuel costs.

US Commerce Department Secretary Gina Raimondo on Monday stepped up pressure on Congress to approve $52 billion in funding for chipmakers to expand operations, warning that firms would abandon American expansion plans without the legislation.

Two people died this week when a Nio electric car crashed to the ground from the third floor of a parking lot in Shanghai.

Japan's Ministry of Economy, Trade and Industry (METI) will offer subsidies worth up to JPY476 billion (US$3.5 billion) for a semiconductor plant being built in Kumamoto Prefecture by TSMC, Sony and Denso, the ministry said on Friday.

When the Senate passed a rare bipartisan measure last summer to spend US$52 billion subsidizing computer chip manufacturing and research in the United States, it seemed like an easy legislative priority for both parties. But one year later, the funding still isn't signed into law.

SoftBank's founder and Chief Executive Masayoshi Son on Friday reiterated the Japanese conglomerate was most likely to list British-based chip designer unit Arm on Nasdaq, while stressing no decision has been made.

Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies' nascent digital worlds compatible with each other.

Qatar's wealth fund isn't interested in investing in cryptocurrencies, though it believes in the underlying blockchain technology, according to Chief Executive Officer Mansoor Al Mahmoud.

Samsung Electronics vice chairman Lee Jae-yong has secured additional extreme ultraviolet (EUV) lithography equipment, which is essential to production of next-generation semiconductors, from ASML.

Denso, a key supplier to Toyota Motor, may consider spinning off its chip business, the company's chief technology officer said Friday.

Japan's semiconductor material makers are moving to raise prices, as strong demand and the Ukraine war tighten supplies. The upward pressure on costs could translate into higher prices for products such as cars and home appliances.

Intel has frozen hiring in the division responsible for PC desktop and laptop chips, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures.

IBM is among a long list of companies that suspended operations in Russia when President Putin invaded Ukraine in February.

Users can personalize their Lock Screen, keep family photos in iCloud Shared Photo Library, recall sent messages, schedule mail, and discover more with Live Text and Visual Look Up.

It is unclear if the talks addressed a particular issue, or just represented the heads of the world's top two chipmakers getting together for a chat while Gelsinger was in town.