By Reuters Staff
4 Min Read
TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said it is doing all it can to increase productivity and alleviate a worldwide chip shortage, but that tight supplies will likely continue into next year.
FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang/File Photo
The world’s biggest contract chipmaker, at an earnings briefing, said it is expanding capacity and working to keep pricing reasonable.
The comments come after the Taiwanese firm reported a 19.4% rise in first-quarter profit, beating market expectations, on strong chip demand amid a global shift to home working.
Nissan Motor Co will slash production at severalfactories in Japan next month, three sources with direct knowledge of the plan told Reuters on Thursday, in the latest hit to an automaker from a global shortage of semiconductors. Japan's third-largest automaker will idle.
2 Min Read
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves court on a lunch break in Vancouver, British Columbia, Canada March 15, 2021. REUTERS/Jennifer Gauthier/File Photo
VANCOUVER (Reuters) - Canada has called for two of Huawei Chief Financial Officer Meng Wanzhou’s main arguments in her fight against U.S. extradition to be dismissed, saying her claims are not backed with evidence and one issue has been ruled on, court documents released on Tuesday showed.
Meng, 49, was arrested at Vancouver International Airport in December 2018 on a warrant from the United States, where she faces charges of bank fraud for allegedly misleading HSBC about Huawei’s business dealings in Iran, causing the bank to break U.S. sanctions.
Italian government shields Milan-based company LPE Semiconductors deemed of strategic importance, Draghi says Rome bolstering anti-takeover powers in key assets
ROME, April 9 (Reuters) - Italy has prevented Chinese company Shenzhen Investment Holdings Co from buying a controlling stake in a Milan-based firm producing semiconductor equipment, two Italian government officials said, signalling a renewed commitment to shield strategic assets from foreign takeovers.
The two government officials told Reuters that a cabinet meeting on March 31 used its special vetting powers to block Shenzhen from buying a 70% stake in LPE, which produces components for power electronics applications.
Prime Minister Mario Draghi, speaking to reporters late on Thursday, said: “There was a case recently in which the government looked into . an Italian semiconductor company which was to be acquired by a Chinese company. It was blocked.”
By Reuters Staff
3 Min Read
TAIPEI (Reuters) - Taiwan said on Wednesday its chip companies will adhere to U.S. rules after Washington added seven Chinese supercomputing entities last week to an economic blacklist and after a Taipei-based chipmaker halted orders from one of the entities named.
FILE PHOTO: Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File Photo
The U.S. Commerce Department said the seven Chinese entities were “involved with building supercomputers used by China’s military actors, its destabilizing military modernisation efforts, and/or weapons of mass destruction programs.”