The Act aims to subsidize the production of semiconductors in the US but the legislation has been hanging as politicians debate why a well-funded sector needs government aid

Chip stocks were hammered after Micron signalled falling demand and AMD flagged a slowdown in PC sales this year

The first-generation 3nm process can reduce power consumption by up to 45% compared with conventional 5nm chips, the group says. Chinese companies are likely among its initial customers.

GlobalWafers said the plant, which will make 300-milimetre silicon wafers, will start being built this year and it will generate up to 1,500 jobs in Sherman, Texas

Toshiba shares rose 5.3% in Tokyo early on Thursday, outperforming a 0.8% rise in the benchmark Nikkei average

The "high-NA EUV" tool produces beams of focused light that create the microscopic circuitry on computer chips used in phones, laptops, cars and artificial intelligence devices

Country plans to increase local production of chips as well as displays, advanced chemicals, networking and telecom equipment, batteries and electronics

The world's largest maker of personal computers said it will acquire an 80% stake in Digital Era Enterprises and a 20% stake in PCCW Network Services, a holding company

The model is for Japanese and US businesses to jointly establish a new company, or else Japanese firms could set up a new manufacturing hub in the US

"The disruption ... on the international economic order; and the chance to grow would be much, much (more) significant than this one," chief trade negotiator John Deng said

A Korean firm that produces isopropyl alcohol, a raw material for cleaning chip wafers, is facing problems shipping to a Chinese firm that supplies wafers to a Samsung factory in China

An economist at a government-affiliated research institute warned that top chipmaker TSMC is speeding up expansion to the US and may decamp from Taiwan.