Global chip shortage might exacerbate due to new COVID-19 outbreak in Asia

Global chip shortage might exacerbate due to new COVID-19 outbreak in Asia

A new report from The Wall Street Journal suggests the renewed outbreaks of COVID-19 in Asia could create delays in the global supply chain and exacerbate the global semiconductor shortage. Powerhouse countries in terms of global chip production like Taiwan are currently experiencing a surge in COVID-19 cases. Yesterday, Taiwan’s Central Epidemic Command Center announced … Read more

US government to support the chip industry by investing around $52 billion

US government to support the chip industry by investing around $52 billion

According to the latest news, US Commerce Secretary, Gina Raimondo has proposed a new 52 billion US Dollar funding that will boost the government’s efforts for semiconductor production and research. It might eventually lead to seven to ten new chip factories across the country. Reuters reported that the government official proposed the funding earlier this … Read more