Though it remains unclear if or how the Trump administration will pursue chip tariffs, Bloomberg suggests the Senate has passed major tax legislation that delivers a big win for chipmakers. The bill raises the investment tax credit for new U.S. semiconductor plants from 25% to 35%—exceeding the pr...

According to a report from TechNews, Taiwan Stock Exchange (TWSE) has released salary information of non-managerial full- time employees of domestic listed companies for 2024. MediaTek topped the list with an average annual salary of NT$4.31 million for non-managerial staff—the only listed company...

Fresh off its inaugural overseas Foundry Direct Connect event in Seoul last week, Intel—keen to sharpen its lead in AI chips—is reportedly teaming up with SK hynix to co-develop next-generation AI accelerators, South Korea’s Newsis reports. At the Intel AI Summit on July 1, SK hynix VP Jung...

Just a week after launch, Xiaomi’s second EV, the YU7, priced at 253,500 yuan ($35,360) and nearly 4% cheaper than Tesla’s Model Y, racked up 240,000 orders in just 18 hours, Reuters reports. Meanwhile, Commercial Times highlights TSMC as a big winner, since Qualcomm’s Snapdragon 8 Gen 3 and N...

Wolfspeed announced on June 30th that its Restructuring Support Agreement (RSA), recently signed with Japan’s Renesas, has also gained strong support from key stakeholders. To carry out the plan—aimed at cutting total debt by around 70%—the company has voluntarily filed for Chapter 11 bankrupt...