The Nikkei rises as retail stocks soar on the back of a tourism boom and tech companies recover in Japan.

Gains in the retail sector due to an influx of foreign tourists and a reversal in the fortunes of the semiconductor industry helped the Nikkei share average in Japan recover some of the ground it had lost the day before. After opening in the red, the Nikkei gained 0.18 percent to close at 28,657....

Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.

This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...

Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.

The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...

Global GaN & SiC Power Semiconductor Market to Grow at 23.5% CAGR

High voltages and high currents can be handled by power semiconductors. They have a unique structure than typical semiconductors, which allows them to withstand high voltages and currents without being damaged. When researching for the next generation of efficient power converter switches, wide b...

US SENATE LEADER CHUCK SCHUMER PROPOSES $52 BN FOR PRODUCTION & R&D OF CHIP IN US

Highlights

• Unveiling the proposal, Schumer said “American manufacturing has suffered rather dramatically from a chip shortage.”

• Along with boosting chip production, this proposal also includes $49.5 billion in emergency supplemental appropriations to ...

TOYOTA MOTOR TO HOLD OFF PRODUCTION LINES OVER CHIP SHORTAGE

Highlights –

• Toyota Motor to hold off production lines over chip shortage.
• The company plans to halt two of its plants for around 8 days in June.
• The suspension of production will affect around 20,000 vehicles.
• Toyota expec...

DEMAND FOR ICT PRODUCTS IN S. KOREA ROSE 32.6 PERCENT IN APRIL

Highlights –

• Demand for ICT products in S. Korea rose 32.6 percent in April.
• In April, outbound shipments of ICT products were estimated at US$17.06 billion.
• Imports last month reached $10.78 billion, up 21.5 percent from a year earli...

CHIP SHORTAGE LEADS HYUNDAI & KIA TO SUSPEND FEW ASSEMBLY LINES

Highlights –

• Chip shortage leads Hyundai & KIA to suspend few assembly lines.
• Hyundai Motor said that it will halt the No. 5 Ulsan plant that produces Tuscon and Nexo.
• KIA will suspend the No. 2 Sohari plant that makes Stonic.

US AUTO INDUSTRY URGES GOVERNMENT TO HELP AS IT WARNS GLOBAL CHIP SHORTAGE

Highlights

• Warning about the global semiconductor shortage, a US auto industry group on Monday has called on the federal government to help

• President Biden had ordered several Federal agency actions to address the global chip shortage and is also $37 billion in f...

PRESIDENT BIDEN’S $2 TN INFRASTRUCTURE PROPOSAL INCLUDES $50 BN FOR US CHIP INDUSTRY

Highlights

• The President of the United States, Joe Biden has proposed a plan to develop country’s infrastructure, which is worth $2 trillion

• The sum of $50 billion will go toward production incentives and research and design, which also includes the creatio...

TAIWAN’S TSMC TO INVEST $100 BILLION TO EXPAND ITS MANUFACTURING CAPACITY

Highlights –

• Taiwan’s TSMC to invest $100 billion to expand its manufacturing capacity.
• Apple Inc. and Qualcomm Inc. mostly uses processor chips made by TSMC.
• The chip maker’s revenue was 18% higher in January-February per...

THE US AND TAIWAN ARE NATURAL PARTNERS IN WORLD’S SEMICONDUCTOR SUPPLY CHAIN: US AMBASSADOR

Highlights

• While the US and China have had on and off relationship over the past few years, the country has seen Taiwan as important part of its strategy to shift global supply chains away from China

• Christensen said “Both President Biden and President Tsai...

GLOBAL OUTPUT OF JAPANESE AUTOMAKERS FELL BY 4.5 PERCENT IN JANUARY

Highlights –

• Global output of Japanese automakers fell by 4.5 percent in January.
• Toyota Motor Corp. and Nissan Motor Co. saw their production rise in the month.
• Toyota’s global sales in January were up 4.6 percent.
• N...

JAPAN GOVT. REPORTS AN INCREASE IN EXPORTS IN JANUARY 2021

Highlights –

• Japan Govt. reports an increase in exports in January 2021.
• Exports posted the sharpest growth due to demands in China and other Asian countries.
• The data was compiled on a customs-cleared basis.
• Exports in Jan...

TOYOTA MOTOR EXPECTS ITS GLOBAL OUTPUT TO INCREASE BY 9.2 MILLION IN 2021

Highlights –

• Toyota Motor expects its global output to increase by 9.2 million in 2021.
• The target is said to be higher than the current record of 9.05 million units in 2019.
• In 2020 Toyota's global output fell by half from a year...

S. KOREA EXPECTS EXPORTS OF CHIPS TO TOP AT US$100 BILLION IN FY 2021

Highlights –

• S. Korea expects exports of chips to top at US$100 billion in FY 2021.
• The expected projection is said to increase by 10.2 percent on-year to $109.3 billion in 2021.
• The country’s two leading memory chipmakers are S...

KIAF REPORTS EXPORTS OF KEY INDUSTRIES LIKELY TO GROW BY 12% IN 2021

Highlights –

• KIAF reports exports of key industries likely to grow by nearly 12% in 2021.
• KIAF projected overseas shipments of chips, automobiles, and nine other major business sectors.
• The output of auto-industry is estimated to incr...

KOREA HITS MARKEDLY LOWEST BUSINESS EBB SINCE 2008

• The Korean economy dipped 1.4 percent in the first quarter of 2020 as a result of the coronavirus pandemic, registering the lowest growth rate since the 2008 global financial meltdown.
• Private consumption, in particular, recorded a sharp decline. Experts say the economic impact...

Economic Affairs Minister of Taiwan outlines goals

Economics Minister Shen Jong-chin (almost) said on Wednesday that his goals for this year's work are to promote investment by re-establishing Taiwanese companies and growing people's job opportunities, CNA announced on Wednesday.

The minister indicated that the ...

China is finally accepted as having replaced Russia as the main strategic threat to US global primacy

After 1945, the Atlantic Alliance has become the backbone of US foreign policy, with the consequence that Russia (then the USSR) once again replaced Germany as the primary threat. As a result, various technological regulation systems started to become active in the US and its partners, based on r...