The first-generation 3nm process can reduce power consumption by up to 45% compared with conventional 5nm chips, the group says. Chinese companies are likely among its initial customers.

GlobalWafers said the plant, which will make 300-milimetre silicon wafers, will start being built this year and it will generate up to 1,500 jobs in Sherman, Texas

Country plans to increase local production of chips as well as displays, advanced chemicals, networking and telecom equipment, batteries and electronics

The model is for Japanese and US businesses to jointly establish a new company, or else Japanese firms could set up a new manufacturing hub in the US

A Korean firm that produces isopropyl alcohol, a raw material for cleaning chip wafers, is facing problems shipping to a Chinese firm that supplies wafers to a Samsung factory in China

The decision to centralize procurement is a sign that chip shortages may persist and are forcing companies to implement more aggressive measures

Apple supplier Foxconn and chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) are among firms looking to access Japanese know-how.

New facility near coastal city Shanghai will represent the company's biggest electronics investment in China to date.

Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter

The Taiwanese group, which is a key supplier for Apple, reported a 4% rise in first-quarter revenue despite chip shortages, supply chain issues and reduced demand for electronics

US Commerce Secretary Gina Raimondo says Beijing is pushing US executives, companies and business groups to fight against China-related bills in Congress

Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist