Semiconductor

"Given the substantial investments required and the potential economic concerns for Taiwan, if it were to move a large portion of high-end manufacturing capacity offshore, we do not expect this process to happen swiftly. Still, any disruption to the supply of semiconductors from Taiwan will have effects beyond Asia-Pacific," Moody's Managing Director Michael Taylor said.

The export controls limit China's ability to "purchase and manufacture certain high-end chips used in military applications", which the US claimed was necessary to "protect US national security and foreign policy interests", reports news.com.au. The restrictions ban the export of US semiconductor equipment that any foreign competitor cannot provide, the report said.

Many countries far-off have to pay a heavy price while some are able to deal in excesses of these chips, acting as middlemen in some cases. However, of late, a number of countries have been actively trying to lure companies into manufacturing the same on their soil to usher in a new era of electronics manufacturing and obtain seamless access to chips overall.

According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7 per cent year on year to 24.7 billion units, marking the largest single-month decrease since 1997. This is also the second consecutive month of decline for chip manufacturing. In July, the output nosedived 16.6 per cent to 27.2 billion units.

According to data released by the National Bureau of Statistics, the production of integrated circuits (ICs) dropped 16.6 per cent year-on-year to 27.2 billion units last month, reports South China Morning Post. China had reported 27.5 billion and 28.8 billion units for May and June, respectively. "The weakness in chip production is a further setback for China's ambition to boost local semiconductor production and cut reliance on imported chips," the report mentioned.

PC shipments are set to decline by 13.1 per cent this year after recording growth in 2020 and 2021. Semiconductor revenue from smartphones is on pace to slow to 3.1 per cent growth, compared to 24.5 per cent growth in 2021. "Although chip shortages are abating, the global semiconductor market is entering a period of weakness, which will persist through 2023 when semiconductor revenue is projected to decline 2.5 per cent," said Richard Gordon, Practice VP at Gartner.

The aim is to enhance innovation across electronics systems for the Indian and emerging markets. Renesas will collaborate with Tejas for implementing next-generation wireless network solutions, including design and development of semiconductor solutions for radio units (RU) used in telecom networks, from 4G, 5G, to open radio access network (O-RAN) for the 5G era.

The chip-maker told ZDNet that it's not going ahead with the groundbreaking of Ohio facility as of now due to the ongoing delay of the CHIPS Act. "Unfortunately, CHIPS (Creating Helpful Incentives to Produce Semiconductors) Act funding has moved more slowly than we expected and we still don't know when it will get done," Intel said in a statement on Thursday.

According to various reports India and Taiwan signed a landmark Bilateral Investment Agreement in 2018 to promote investment flow between the two sides. The Agreement seeks to ensure protection for Taiwanese investments in line with international standards, as well as the safety and rights of Taiwanese investors in India. India's latest 'Act East Policy' and Taiwan's 'Southbound Policy' too buttress the economic cooperation between the two.

The global chip shortage has hit Ford and the automaker is set to start selling and shipping Explorer SUVs without the chips that power rear air conditioning and heating controls. According to a report in Automotive News citing sources, Ford Motor Co plans to ship and sell partially built vehicles that are awaiting semiconductors or related components that control non-safety critical features.