Ashwini Vaishnaw reviews progress of semiconductor projects in Gujarat

November 3, 2025 3:57 PM

Ashwini Vaishnaw reviews progress of semiconductor projects in Gujarat

Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Monday reviewed the progress of four semiconductor chip plants currently under various stages of development in Gujarat. The review meeting, held in Gandhinagar, was attended by Chief Minister Bhupendra Patel, Deputy Chief Minister Harsh Sanghavi, and IT Minister Arjun Modhwadia. Speaking to reporters after the meeting, Vaishnaw said that all four projects are “showing good progress.” The minister highlighted tha...

US makes it harder for SK Hynix, Samsung to make chips in China

August 31, 2025 9:11 AM

US makes it harder for SK Hynix, Samsung to make chips in China

The United States is making it more difficult for chipmakers Samsung 005930.KS and SK Hynix 000660.KS to produce chips in China by revoking authorizations that allowed the companies to receive American semiconductor manufacturing equipment there, according to the Federal Register. The U.S. Commerce Department had given the companies exemptions to sweeping restrictions created in 2022 on the sale of U.S. semiconductor equipment to China. The companies will now need to obtain licenses to buy the...

Asia stocks down, yen slump keeps markets on intervention alert

June 27, 2024 10:27 AM

Asia stocks down, yen slump keeps markets on intervention alert

Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it. The dollar made six-week highs on sterling and the kiwi and at 160.7 yen traded just shy of Thursday's 38-year peak. The jittery mood had frothy sectors of financial markets especially vulnerable and Nasdaq futures dropped 0.5%. Shares in bellwether chipmaker Micron Technology slid 8% in U.S. after-hours ...