The production of chips has become a strategic priority in Europe as well as the US, after the shock of the pandemic choked off supply

Tesla decided against notifying customers as the part is considered a redundant backup and was not needed for level 2 driver-assistance features, CNBC reported

SoftBank reported a 97% drop in quarterly profit and the collapse of a deal worth up to $80 billion to sell chip designer Arm on Tuesday, adding to pressure on the group to boost its sagging shares

GlobalWafers said total capital expenditure may hit T$100 billion ($3.6 billion) between 2022 and 2024, including 'substantial greenfield investments'

The America COMPETES Act aims to increase US competitiveness with China and boost US semiconductor manufacturing. Now comes the difficult task of reconciling with the Senate version.

The German group, whose biggest customers are carmakers, also raised its revenue guidance for the current fiscal year to 13 billion euros

The US chip firm forecast second-quarter revenue between $10.2 billion and $11 billion, above analysts' estimates of $9.6 billion

The demise of GlobalWafers' $4.5bn bid to buy Siltronic was welcomed by German politicians, who said the country had to protect its security interests

The AFL-CIO, which represents 12.5 million workers, said in a letter to lawmakers the bill's $52 billion for chips is critical to "addressing the current chip shortage"

The bill authorises $45 billion to support supply-chain resilience and manufacturing of critical goods, industrial equipment, and manufacturing technology

SK Hynix, whose clients include Apple, reported 4.2 trillion won in October-December profit, its highest quarterly profit since 2018

Audacious promises face major challenges, from technology to regulation, as Tesla and other auto tech firms have missed targets to deploy self-driving cars for years