The Wall Street Journal reports that China has established a 344 billion yuan ($48 billion) fund to support the growth of the semiconductor industry. Establishment of this fund is the third stage of the industrial support project. Its resources will be twice as large as the funds allotted in the...

Employers are growing more hesitant to hire members of the class of 2024, compounding the already difficult job market.   Indeed, according to a recent study of 1,268 business executives in the U.S. by higher education website Intelligent.com, 64% of employers stated they had grown...

The Information published a story on Saturday stating a presentation given to investors by American billionaire Elon Musk, who recently informed them that his artificial intelligence firm, xAI, intends to construct a supercomputer to power the next iteration of its AI chatbot, Grok.  ...

According to Counterpoint Research, SMIC, the largest chipmaker in China, ranked third globally in terms of sales during the first quarter of 2018.   Semiconductor Manufacturing International Co., a state-sponsored company, increased its market share to 6% in the first quarter of this year...

American Mondelez International Inc. has been penalized €337.5 million by the European Commission for breaking competition laws. According to a news release from the watchdog, the EC believes that the business obstructed cross-border trading of its goods within the European Union. Mondelez owns...

South Korean President Yoon Suk Yeol launched a stimulus package worth 26 trillion won, or more than $19 billion in an effort to boost the nation's semiconductor sector. The Korea Economic Daily writes that the action is intended to assist chipmakers, such as Samsung Electronics Co. and SK Hynix...

According to a statement from the firm, Amazon.com Inc. plans to invest €15.7 billion to expand its cloud infrastructure in Spain. Amazon Web Services (AWS), the company's cloud subsidiary, intends to build data centers in Aragon, Spain, with the backing of the local government. Amazon estimates...

According to a US congressional study, thousands of Mini Coopers were smuggled into the US using parts from a Chinese company that has been blacklisted. The parts were utilised by Jaguar Land Rover (JLR), Volkswagen (VW), and BMW, who are all connected to Chinese forced labour.   The Senate...

According to two people with knowledge of the situation, Foxconn, an Apple supplier, has been urged by Vietnamese authorities to voluntarily cut power use at its assembly factories in the country's north by 30% after power disruptions occurred there last year.   Two additional industry...