- Reuters
Wolfspeed plant delayed as EU's chipmaking plans flounder
Wolfspeed has delayed plans to build a $3 billion plant in Germany, highlighting the European Union's struggle to increase semiconductor production and reduce its reliance on Asian chips. The planned plant in the state of Saarland, which would make computer chips used in electric cars, has not been scrapped entirely and the company is still seeking funding, a spokesperson said. But, having cut capital spending following weakness in the European and U.S. EV markets, North Carolina-based Wolfspeed is now focused on ramping up production in New York, the spokesperson added.
- Benzinga
Malaysia Targets Ambitious $107B Investment to Boost Semiconductor Sector
Malaysia aims to attract at least 500 billion ringgit ($107 billion) in investments for its semiconductor sector, Prime Minister Anwar Ibrahim has reportedly said. The planned investments are targeted at integrated circuit design, advanced packaging, and semiconductor chip manufacturing equipment, reported Reuters. Malaysia plays an important role in the semiconductor market, contributing to 13% of global testing and packaging. Major firms, including Intel Corp (NASDAQ:INTC) and Infineon Technol
- Motley Fool
Forget Nvidia: 3 Semiconductor Stocks to Buy Instead
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