South Korean trucker strike plans to block shipments of materials for semiconductors

A general view of the Busan Port on November 05, 2021 in Busan, South Korea. South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to severely curtail shipments of raw materials for semiconductors and petrochemical products. Chung Sung-jun | Getty Images News | Getty Images South Korean truckers embarked on … Read more

Ford’s US sales decline narrows in May amid tight supplies

The Mustang Mach-E is Ford’s first new all-electric vehicle under an $ 11 billion investment plan in electrified vehicles through 2022. Michael Wayland / CNBC Ford Motor said Thursday that its US sales fell just 4.5% in May from a year ago, a narrower decline than in recent months, as it continued to see white-hot … Read more

New South Korea president Yoon Suk-yeol faces foreign policy hurdles

South Korea’s new president Yoon Suk-yeol isn’t going to “have much of a honeymoon period,” said Kathleen Stephens, president and CEO of the Korea Economic Institute of America and former US ambassador to South Korea. “I think he said the right thing as he is inaugurated, about his desire to see Korea play a larger … Read more

Wall Street banks pick their top semiconductor stocks as electric vehicle production soars

The auto sector is undergoing a major transformation, according to Bank of America and Cohen. Here are their top stock picks to cash in.

Why Intel’s CEO was a guest at Biden’s State of the Union address

US first lady Jill Biden and others applaud her guest Intel CEO Patrick “Pat” Gelsinger in the first lady’s box as President Joe Biden mentions Gelsinger during his State of the Union address to a joint session of the US Congress in the House of Representatives Chamber at the Capitol in Washington, US March 1, … Read more

Global chip sales in 2021 top half a trillion dollars for first time

Server chip Yitian 710, developed by Alibaba’s in-house semiconductor unit T-Head, on display during the Apsara Conference 2021 on Oct. 19, 2021 in Hangzhou, China. Xu Kangping | Visual China Group | Getty Images Global semiconductor sales topped half a trillion dollars for the first time, as companies ramped up production to meet demand amid … Read more

Chinese chipmaker SMIC posts record revenue despite U.S. sanctions

A logo atop the Semiconductor Manufacturing International Corp. (SMIC) headquarters in Shanghai, China, on Tuesday, March 23, 2021. Qilai Shen | Bloomberg | Getty Images China’s largest chipmaker Semiconductor Manufacturing International Corporation reported record revenue and a surge in profit last year amid a global chip shortage but strong demand. SMIC recorded 2021 revenue of … Read more

Europe will need help from US, Asia to achieve goals

A technologist inspects a computer chip. Sefa Ozel | E + | Getty Images European Union lawmakers have laid out ambitious plans to significantly ramp up production of semiconductors in the bloc and become a global leader in the industry. To do that, it will need some of the key players from Asia and the … Read more