News: Companies
In this section, we cover the latest news from companies around the world. This includes everything from the latest quarterly results to new product announcements to mergers and acquisitions, analyst rating changes, price target revisions, regulatory agency filings, license acquisitions, and much more.
Us-China Tech War: Shenzhen To Establish International Sourcing Platform For Semiconductors As Global Chip Shortage Persists
With critical online and physical infrastructure, the authorities want Shenzhen-based enterprises to group with each other and acquire bigger influence when purchasing hardware, electronic parts, and raw materials.
Stock Market News Live Updates: S&P, Dow Close Slightly Lower Following Fed Decision
"With inflation well over 2% and a healthy employment market, the Committee believes it will be reasonable to raise the target range for the federal funds rate," the Federal Open Market Committee declared in a report.
Chip Shortage Leaves U.S. Companies Dangerously Low on Semiconductors, Report Says
Commerce Secretary Gina Raimondo stated that the survey findings demonstrate the critical significance of Congress approving the U.S.'s The Innovation and Competition Act which contains a $52 billion investment to stimulate domestic semiconductor manufacturing.
Intel’s $20 Billion Ohio Plant Won’t End The Chip Shortage Overnight
Thus, does this suggest that the chip catastrophe that everyone has been raving about has passed us by? Not quite. The dilemma began when manufacturers reduced their chip orders at the outset of the epidemic, only for demand for automobiles to rise.
