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The Latest Breaking News on Asian tech

US Finalizes Up To $6.6 Bn Funding For Chip Giant TSMC

The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help build several plants on US soil, officials said Friday, finalizing the deal before a new administration enters the White House.

International Business Times

Local and foreign chip manufacturers flee China, expand in Vietnam — companies move to Southeast Asia as US-China tensions simmer

Many chip companies are expanding their presence in Vietnam, especially in back-end manufacturing, as the tensions between China and the U.S. continue to simmer.

Tom’s Hardware

South Korean engineer smuggled out shopping bags full of secret SK hynix docs to give to Huawei

SK hynix prohibits using USB drives on its sides, so its former engineer printed 4,000 pages to take away with her following her resignation.

Tom’s Hardware

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TSMC, GlobalFoundries Set To Win Final Chips Act Awards: Report

The Chips Act allocates $39 billion in grants, along with billions more in loans and 25% tax credits, to boost U.S. semiconductor manufacturing after much of the production moved to Asia.

International Business Times

Samsung reports 'major' progress in supply deal for AI chips

Samsung Electronics has reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter

The Independent UK

Samsung Q3 Operating Profits Soar To $6.6 Bn, Miss Forecast

South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers.

International Business Times

Tokyo Metro Shares Rocket On Debut

Shares in Tokyo Metro, one of the world's busiest subways, soared almost 50 percent on its debut Wednesday after its government owners raised $2.3 billion in Japan's biggest initial public offering in six years.

International Business Times

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Tokyo Metro: Asia's Oldest Subway Goes Public

Every day six and a half million people ride Tokyo Metro's nine lines, part of a dizzyingly complex transport network serving the Japanese megacity and its sprawling suburbs.

International Business Times

Japan's Retail Investors To Snap Up Shares Of Train System

Tokyo Metro Co. unveils perks in light of its public IPO listing scheduled for Wednesday.

International Business Times

Taiwan Semiconductor Stock Today: This Butterfly Trade Comes With A Twist, Could Earn $927

Take advantage of higher implied volatility as the undercurrent of markets shifts.

Investors Business Daily

Stock Market Fades Late As Nasdaq Erases Most Of Its Hearty Gain (Live Coverage)

Travelers gave a bullish boost in the Dow Jones.

Investors Business Daily

Taiwan Semiconductor Stock Hits a $1 Trillion Market Cap After Earnings

Taiwan Semiconductor stock is red-hot in Thursday's session after the chipmaker beat Q3 expectations and issued a strong outlook. Here's what you need to know.

Kiplinger

TSMC Stock Soars On Earnings Beat. Two Sectors Are Driving Demand.

Taiwan Semiconductor Manufacturing handily beat third-quarter estimates and guided higher for the current period.

Investors Business Daily

Nvidia, Broadcom Eye Breakouts. These 2 IPOs Join In.

As Nvidia stock, Broadcom and Monolithic Power target third-stage breakouts, two IPO stocks look to launch moves of their own.

Investors Business Daily

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Investors Business Daily

Option Trade Could Make $170 On Taiwan Semiconductor Earnings Move

A trader selling the Oct. 18 put with a strike price of 180 could generate around $170 in premium.

Newslaundry

Ratan Tata: An edifying snapshot of a corporate hermit’s life and works

Be it the workings of his business conglomerate and industrial enterprise, or the realm of public esteem and integrity, Ratan Tata’s life and work were edifying snapshots of India’s relations with private capital.

Newslaundry

‘Face detention or go home’: In Tamil Nadu, police continue crackdown on Samsung strike

As daylight broke on Thursday, October 10, the number of policemen near Echoor in Sriperumbudur kept increasing. This is the place where Samsung's workers have been protesting for over a month now – a protest that the Madras High Court on Wednesday said should be allowed to continue. But as…

Tom’s Hardware

Vietnam to build six semiconductor fabs — country aims to become a major player in the semiconductor industry by 2050

Vietnam outlines an ambitious plan for the semiconductor industry that spans 25 years, including building six fabs and establishing hundreds of semiconductor developers.

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Evening Standard

Who was Ratan Tata? Tributes paid to Indian tycoon after his death aged 86

Tributes pour in for Ratan Tata, the former Tata Group chairman and Indian tycoon, who has died at 86

International Business Times

Ratan Tata: Indian Mogul Who Built A Global Powerhouse

Industrialist Ratan Tata, who has died aged 86, was credited with transforming India's Tata Group into a globally renowned conglomerate with a portfolio ranging from software to sports cars.

International Business Times

Indian Business Titan Ratan Tata Dead At 86

Indian industrialist Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company said late Wednesday.

International Business Times

Samsung To Axe Thousands Of Jobs Amid AI Struggles: Report

Samsung is reportedly implementing workforce reductions in Southeast Asia, Australia and New Zealand as part of a broader strategy to cut thousands of jobs globally.

Tom’s Hardware

Two execs of China-based chipmaking tools producer resign to meet U.S. requirements

Two executives with U.S. citizenship had to step down from China-based AMEC due to U.S. export rules.

Tom’s Hardware

Polar Semiconductor receives $123M in CHIPS Act money — company named as the first CHIPS Act awardee

Polar Semiconductor, a manufacturer of power and sensor chips, is the first company to be officially awarded under the Biden administration's CHIPS Act.

Space

US Space Force partners with India to open a microchip factory for next-gen tech

The United States is partnering with India to establish a new factory that will manufacture microchips to enable next-generation technologies for the U.S. Space Force.

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