Delving Into the Disconnect Over the U.S. Economy; Mester Says No Need to Rush Fed Rate Cuts By James Christie Good day. U.S. consumers are spending briskly, the jobless rate has been below 4%.
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Nvidia: Some of the funds are expected to be used to support Taiwanese chipmaker TSMC and chip foundry venture Rapidus, which aims to manufacture cutting-edge chips in Japan s northern island of Hokkaido.
The Southeast Asian electronics manufacturing hub already hosts US giant Intel s largest semiconductor packaging and testing plant worldwide and is home to several chip designing software firms. It is working on a strategy to attract more semiconductor investment, including from foundries, which focus on manufacturing chips.
Semiconductor: Meetings with half a dozen US chip firms took place in recent weeks, including with fab operators, Vu Tu Thanh, head of the Vietnam office of the US-ASEAN Business Council, told Reuters. He declined to identify the firms because talks were still at a preliminary stage.