Closer ties with the EU ``would be very helpful for our companies for their attention towards and knowledge of Europe," said Taiwan Deputy Economy Minister Chen Chern-chyi.

Business secretary Kwasi Kwarteng has put off a decision on whether to permit the sale of Newport Wafer Fab

A Foreign Ministry spokesman said reports that the US wants to restrict the export of DUV lithography machines were an example of 'coercive diplomacy' and abuse of US power

The 11% rise in earnings was attributed to demand for memory chips from server customers, which offset inflation-hit smartphone sales

China chipmakers lack the technology to keep it at the forefront of chip design and manufacture, says Jefferies Group analyst Edison Lee.

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