Musk set to tout Starlink progress as cost, demand hurdles linger
Don Joyce, a Nokia director working from home at a remote lake cottage in Canada, recently abandoned his painfully slow phone-line internet in favor of satellite broadband service Starlink, offered by Elon Musk’s SpaceX.
U.S. Commerce chief urges Congress to act on chip funding by August
U.S. Commerce Secretary Gina Raimondo on Monday urged U.S. lawmakers to complete action on a $52 billion boost in government funding for semiconductor production and research before Congress leaves for its August recess.
Tech stock rally sends S&P 500 and Nasdaq to record highs
The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.
Volkswagen’s Mexico unit says it will resume production that was hit by chip shortage
Volkswagen AG’s (VOWG_p.DE) Mexico unit said on Sunday it expects to restart production of three segments from next week and in July after output was curtailed by a global semiconductor chip supply crunch.
U.S. senators propose 25% tax credit for semiconductor manufacturing
A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production.
Ford sees better-than-expected quarterly profit on higher vehicle prices
Ford Motor Co (F.N) said on Thursday its second-quarter operating profit will exceed expectations due to lower costs and rising prices for new and used vehicles amid the global semiconductor chip shortage.
Mexican auto parts lobby sees chip supply crunch over by December
Mexico’s main autopart association INA forecasts that the severe semiconductor chip shortage that has slammed the brakes on the global auto industry will subside in July and return to normal by the end of this year.
Biden supply chain ‘strike force’ to target China on trade
The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.
Nvidia asks Chinese regulators to approve $40 billion Arm deal – FT
Nvidia Corp (NVDA.O) has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter.
Asia shares hesitate, China imports underpin resources
Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers.
