chip shortage News Updates

Business, Technology, Fuel

North Carolina Wins Wolfspeed Semiconductor Materials Plant

RALEIGH, N.C. — A North Carolina-based semiconductor company announced Sept. 9 it will build a $5 billion manufacturing plant in its home state to produce silicon carbide wafers, which is emerging as a favored part for renewable energy products and electric vehicles.

September 9, 2022
Government, Business, Technology

Chip Delivery Times Shrink in August

Chip delivery times shrank again in August, a sign the global shortage is easing further, but some types of semiconductors remain hard to find.

September 8, 2022
Government, Business, Technology

Samsung Warns Chip Industry Is Headed for Tough Close to 2022

South Korea’s Samsung Electronics Co. is warning that the semiconductor industry could be in for a rocky close to 2022.

September 7, 2022
Government, Business, Technology

New US Rules Threaten Chip Exports to China, Spark Share Drop

The latest U.S. effort to restrict chip exports to China from Nvidia Corp. and Advanced Micro Devices Inc. sparked concern that escalating government actions could cut off some of the semiconductor industry’s biggest companies from the largest market for their products.

September 1, 2022
Government, Business, Technology

Biden Signs Order to Fast-Track CHIPS Law Implementation

President Joe Biden signed an executive order Aug. 25 to fast-track implementation of a law aimed at boosting domestic semiconductor manufacturing and helping the U.S. compete with China’s dominance in the industry.

August 25, 2022
Government

Biden Administration Lowers Deficit Forecast by $400 Billion

WASHINGTON — The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending and an economy that has recovered all of the jobs lost during the multiyear pandemic.

August 23, 2022
Government, Business, Technology, Equipment, Logistics

Wanted: 7,000 Construction Workers for Intel Chip Plants

JOHNSTOWN, Ohio — Ohio’s largest-ever economic development project comes with a big employment challenge: how to find 7,000 construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.

August 22, 2022
Government, Business, Technology

Micron’s Warning Adds to Evidence of Collapsing Demand for Chips

Micron Technology Inc., the leading U.S. maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.

August 9, 2022
Government, Business, Technology, Logistics

Congress Approves Semiconductor, Supply Chain Bill

Legislation to boost domestic semiconductor manufacturing while improving freight access along the nation’s supply chains was sent to President Joe Biden’s desk July 28.

July 28, 2022
Government, Business, Technology, Logistics

Chipmakers Get $52 Billion in Senate Bill to Boost Domestic Output

The Senate on July 27 passed legislation that includes $52 billion in grants and incentives for U.S. semiconductor manufacturing, an industry that has steadily lost ground to foreign competitors in recent years.

July 27, 2022