Senior U.S. chip company executives are holding meetings with Biden administration officials on Monday to discuss China policy as the U.S. considers new restrictions, a source told Reuters.
Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.
Alphabet Inc's Google has delayed the release of a fully custom chip for its Pixel smartphones until 2025, The Information reported on Thursday, citing two people familiar with the matter.
A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment Corp will take over JSR , which makes light-sensitive chemicals vital to manufacturing semiconductors, among other things. It will help Tokyo bolster its technology supply chains as the country looks to capitalise on jitters around Taiwan, home to many major chipmakers and suppliers.