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Samsung's Lee Jae-Yong Forges Strategic AI Chip Production Alliance With ZEISS

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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US to award Samsung up to $6.6 billion chip subsidy for Texas expansion, sources say

WASHINGTON (Reuters) -The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go toward construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center, one of the sources said. It will also include an investment in another undisclosed location, the source said, adding that Samsung will more than double its U.S. investment to over $44 billion as part of the deal. ....

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Apple chip supplier TSMC recovers production after Taiwan earthquake

TECH NEWS News: TSMC, Apple's supplier, quickly recovered 80% chip production post Taiwan quake. Limited impact expected on Apple's chip supply despite equipment dama ....

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