The Latest Breaking News from Semiconductor

Move comes as Biden administration outlines plans to boost domestic production of semiconductors

The U.S. Department of Commerce detailed Tuesday how it plans to roll out around $50 billion in funding for domestic semiconductor chip manufacturing.

WASHINGTON — Commerce Secretary Gina M. Raimondo on Tuesday unveiled a strategy for the Commerce Department’s disbursal of $50 billion that Congress approved to boost domestic manufacturing of semiconductor chips, saying she expected the first money to flow in the spring of 2023.

The price action in Broadcom (NASDAQ: AVGO) and other semiconductor companies has been trending lower over the past quarter or two but, in the case of Broadcom at least, that trend appears to be over.

Despite solid demand and government support, the electric vehicle (EV) industry is grappling with supply chain disruptions and semiconductor chip shortages. The lack of enough charging infrastructure and inoperable charging stations have also been a significant challenge for companies in this space. Given this backdrop, fundamentally-weak EV stocks Rivian Automotive…

Administration unveils strategy for chip spending as Biden and Senate candidate Tim Ryan plan to attend Intel groundbreaking in Ohio.

Speaker of the House Nancy Pelosi has been one of the most high-profile members of Congress when it comes to buying and selling stocks and options thanks to her husband Paul Pelosi, a venture capitalist.

Rising recession fears, slowing demand, and production challenges make the semiconductor industry’s near-term outlook bleak. However, growing government and corporate investments to ease chip shortages and the adoption of advanced technologies should help the industry stay afloat amid the current uncertain economic backdrop. Therefore, it could be worth watching semiconductor…

New York (AFP) - Semiconductor giant Micron announced Thursday it will invest $15 billion over the next decade to expand its operations in the US state of Idaho to build memory capacity for automotive and other sectors.

Arizona Gov. Doug Ducey is hailing economic and educational cooperation with Taiwan, marked by a $12 billion investment in his state by Taiwan Semiconductor Manufacturing Corp. Ducey spoke Thursday at a meeting with Taiwanese President Tsai Ing-wen, the latest of a series of visits by U.S. political leaders that have…

Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, on Thursday, the latest in a string of senior officials from the county to visit.