Semiconductor Chips

Samsung Vice Chair Lee in US To Finalize $17 Billion Chip Plant Site, Meet With Moderna on Vaccines

Kimberly Redmond | |

Samsung Electronics Co vice president Jay Y. Lee has embarked on a high-profile business trip to the US to finalize the company’s plant to build a $17 billion semiconductor plant and discuss COVID-19 vaccines with Moderna Inc. 

Reuters reported that Samsung’s decision on where it will locate its new plant with coincide with Lee’s trip, which kicked off Sunday.

US Officials Grant Licenses Authorizing Companies To Supply Chips to Huawei for Auto Components

Kimberly Redmond | |

US officials have given permission to American companies to sell microchips to blacklisted Chinese telecommunications giant Huawei Technologies Co for its growing auto components business.

Citing sources familiar with the matter, Reuters reported on Wednesday that the license application approvals are worth hundreds of millions of dollars.

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