UMC to pour CNY3.5 billion into China 12-inch fab operation

Semiconductor Manufacturing International (SMIC), China's most advanced and largest pure-play foundry, has set its capex target this year at US$4.3 billion in which the majority will be spent on its non-FinFET capacity expansion......»»

Eight-inch foundry Vanguard International Semiconductor (VIS) has budgeted NT$5.1 billion (US$182.33 million) in capex for 2021, up from the NT$3.54 billion allocated last year......»»

Melvin Capital is down 30% this year as day traders have bid up stocks in.....»»

The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has reported.   read more.....»»

Volkswagen, Germany’s largest company, knows where its future lies. The Wolfsburg-based giant, with quarterly revenues of $69 billion, has committed $91bn to electric vehicles (also shortened to NEVs, or new energy vehicles)… The po.....»»

China's SMIC has reportedly received US licenses to import equipment for use in mature-node processes, which may help relieve the global 8-inch foundry capacity shortages, according to industry sources......»»

The company ended 2020 with a bang, acquiring a famed New York streetwear brand for $2.1 billion......»»

TSEC has disclosed a plan to invest NT$700 million (US$24.3 million) to set up monthly production capacity of 350-400MWp for 10- to 12-inch solar cells, with operation to begin at the end of first-quarter 2021......»»

Tatung, through transformation of business operation in five aspects, aims to increase annual consolidated revenues from about NT$20 billion (US$693 million) at present to NT$100 billion in 2025, according to new company chairman Ming-kuang Lu......»»

Once hailed as the standard-bearers of China’s economic and technological ascendancy, Alibaba and its compatriots now face increasing pressure from regulators worried about the speed with which they’re amassing clout Ali.....»»

U.S. stock futures were little changed Tuesday morning after Congress passed a $900 billion COVID-19 aid package......»»

Chinese billionaire Jack Ma's reported offer came after he publicly scorned the government and before China pulled Ant's groundbreaking IPO. Wang HE/Getty Images Jack Ma offered to give parts of An.....»»

China's software industry consisting of 40,187 companies generated revenues of CNY6,554.162 billion (US$940.69 billion) in January-October 2020, growing 11.7% on year, according to the Ministry of Industry and Information Technology (MIIT)......»»

ASK THE BUILDER | A new stiff 1.5-inch putty knife and a hammer will help you remove the sink......»»

Chipmaker Taiwan Semiconductor Manufacturing Co's $12 billion investment in the United States will increase U.S. economic independence from China, Secretary of State Mike Pompeo said in a statement early on Friday......»»

Taiwan Semiconductor Manufacturing Co Ltd , the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration's efforts to wrestle global tech supply chains back from China......»»

China-based pure-play foundry Semiconductor Manufacturing International (SMIC) has revised upward its capex outlook this year to US$4.3 billion, up US$1.1 billion or about 34% from its previously-set target......»»

World equity markets inched higher and safe-haven bonds fell on Tuesday as stronger economic data from China and upbeat corporate earnings in Europe overshadowed concerns about a potential second wave of coronavirus infections......»»

Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the global financial crisis a decade ago, according to a new analysis by the U.S.-China Investment Project......»»

LafargeHolcim has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world's biggest cement maker said on Monday......»»