A unit of Samsung C&T is considering investing $673 million in building solar power plants in Texas, aiming to start commercial production in December 2023, documents reviewed by Reuters showed.
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TAIPEI (Reuters) -Taiwan’s key semiconductor industry has years of growth ahead of it with no worries about oversupply despite a massive capital investment programme and only a few competitors in the next decade or so, a senior government minister said on Friday.
Taiwan National Development Council Minister Kung Ming-hsin poses during an interview with Reuters in Taipei, Taiwan, April 23, 2021. REUTERS/Ben Blanchard
Kung Ming-hsin, the head of Taiwan’s economic planning agency, the National Development Council, told Reuters the business opportunities presented by the global transformation to a digital economy were “very, very enormous”.
Kung also sits on the board of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) as a representative of the largest shareholder, the government’s National Development Fund, which holds around 6% of the stock of the world’s most valuable semiconductor company.
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PARIS/BERLIN (Reuters) -European industry chief Thierry Breton will hold discussions with the chief executive of chipmaker Intel and a top executive of Taiwanese competitor TMSC on April 30, as the EU seeks to shield itself from shocks in the global supply chain.
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Breton will meet Intel CEO Pat Gelsinger in Brussels next Friday and will also hold a video conference with Maria Marced, President of TMSC Europe, on the same day, the European Commissioner said.
“Increasing our autonomy does not mean isolating ourselves in a world where supply chains are global,” Breton told Reuters.
“In parallel to exploring how we can increase Europe’s capacity.we will continue to build bridges with international partners - but with us in the driving seat,” he added, confirming the meetings.
Japanese shares jumped on Thursday as investors scooped up cyclical and chip-related shares after they fell sharply in the previous two sessions, with sentiment aided by an upbeat finish on Wall Street overnight.
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LONDON (Reuters) -Alphawave, a Toronto-based silicon IP firm, is planning to list in London to expand the reach of its chip connectivity technology and could be valued at up to $4.5 billion based on cornerstone agreements with two major investors.
About $500 million would be raised by issuing new shares, it said, and existing investors would also offer stock.
Alphawave, founded in 2017 and profitable since 2018, said BlackRock and Janus Henderson had agreed to subscribe for $510 million of offer shares at a price that would give the firm an equity value of up to $4.5 billion at admission.
“We have chosen to come to the UK because of its incredible technology and semiconductor industry ecosystem,” Chief Executive Tony Pialis said on Thursday.