The South Korean giant has applied for incentives in 11 potential chip manufacturing facilities in Texas, according to documents filed with state authorities.

Chief executive Hidetoshi Shibata said a shortage of supplies of raw materials in Europe and North America was a greater risk than boosting production in Japan

The US Senate this week gave its nod to a much-debated semiconductor bill that seeks to hand billions of dollars in sops for the computer chips industry

Samsung and SK Hynix are already among the world's top semiconductor brands, but President Yoon seeks to bolster supply chain stability and resources

US senators backed a procedural move that sets up potential votes to pass a semiconductor bill by next week that aims to provide billions of dollars in subsidies and tax credits for the chip industry

Plans for SoftBank to hold an IPO in London for Arm, the British computer chip and software design group, have been put on hold because of the collapse of Boris Johnson's government

Tech experts say China will be dependent on foreign suppliers for years, so carmakers, who face a boom in demand and long supply delays, sometimes have to pay a premium to chip brokers

Trimmed version of Congress bill is expected to include $52 billion in subsidies for the industry and tax credits for firms that make semiconductors in the US

TSMC, a key Apple supplier and the world's largest contract chipmaker, said profit soared by 76% in the April-June period, to T$237 billion ($7.9 billion)

Taiwan is weighing a fine of up to T$25 million ($835,600) on Foxconn for funding struggling Chinese chip conglomerate Tsinghua Unigroup without government approval

Analysts said the yen's tumbling value against the dollar caused share price boosts for automakers and microchip producers

Taiwan has told Foxconn it must seek permission to invest in Tsinghua Unigroup, after reports that a China-listed subsidiary wants to invest $1.5bn as part of its push into computer chips