SEMICONDUCTOR SUPPLIER
Gujarat eyes 1,500 apartments to house Tata fab staff, suppliers
The Gujarat government is facilitating the construction of 1,500 residential units in Dholera to accommodate Tata Group employees, suppliers, and expats involved in the semiconductor fabrication unit. Currently, 275 apartments are available, with 250 occupied, and an additional 1,000 units are expected by early next year.
Q-comm’s discount push, startup hiring picks up
Quick commerce firms are offering record-high discounts at a time when cash burn and competition continue to rise. This and more in today’s ETtech Morning Dispatch.
Taiwan adds China's Huawei and SMIC to export control list
Taiwan has escalated its restrictions on technology exports to China by adding Huawei and SMIC to its export control list, alongside entities like the Taliban. This move requires Taiwanese companies to seek government approval before supplying any products to these firms.
US-China trade truce leaves military-use rare earth issue unresolved, sources say
A renewed U.S.-China trade truce in London hit a snag over export restrictions tied to national security. China hasn't committed to clearing rare-earth magnet exports needed by U.S. military suppliers, while the U.S. maintains AI chip export curbs. This unresolved conflict threatens a comprehensive deal, with potential tariff extensions looming and pessimism surrounding breakthroughs before the August 10 deadline.
Taiwan adds China's Huawei, SMIC to export control list
Taiwan added China’s Huawei and SMIC to its export control list, requiring government approval for tech exports to them. The move tightens restrictions amid concerns over tech theft and growing U.S. pressure, as Taiwan seeks to safeguard its chip industry and national security.
China stocks near 3-week high as Sino-US trade truce sparks optimism
Chinese stocks surged to a near three-week high, fueled by optimism surrounding progress in U.S.-China trade negotiations. Investors are awaiting specific details of the agreed framework, particularly regarding rare-earth exports and semiconductor imports. While uncertainties remain, constructive dialogue between the two nations is currently supporting risk assets, boosting market sentiment.
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Disruption of rare earth magnet supplies beyond 30 days can impact vehicle production in India: Report
A potential disruption in rare earth magnet supplies from China threatens India's automotive sector, particularly EV production, due to export restrictions and clearance delays. Automakers are exploring alternative suppliers and optimizing inventories to mitigate the impact. The government is also focusing on building strategic reserves and boosting domestic production to reduce long-term import dependence.
Auto companies 'in full panic' over rare-earths bottleneck
Global automakers are alarmed by China's rare-earth export restrictions, fearing a new supply chain crisis. With limited alternative magnet sources, companies are stockpiling and seeking workarounds to avoid factory shutdowns. The industry's reliance on China for critical raw materials raises concerns about future leverage and potential disruptions.
Nikkei index jumps as chip stocks rally ahead of Sino-US talks
Japan's Nikkei share average advanced on Monday ahead of trade talks between the U.S. and China in London later in the day, with investors watching for any easing of restrictions on semiconductor shipments.
China okays rare earth licences to suppliers of top three US auto companies
China's dominance of the critical mineral industry, key to the green energy transition, is increasingly viewed as a key point of leverage for Beijing in its trade war with US President Donald Trump. China produces around 90% of the world's rare earths, and auto industry representatives have warned of increasing threats to production due to their dependency on it for those parts.
China's rare earth weapon changes contours of trade war battlefield
China is strategically weaponizing its supply chain, mirroring U.S. export controls. Recent rare earth export license issues, highlighted by a Trump-Xi call, reveal China's refined trade war tactics. Modelled after U.S. sanctions, China's system grants insight into critical supply chain points.
The world's auto supply chain is in the hands of a few Chinese bureaucrats
China's control over rare earth magnet exports, crucial for electric vehicles and other industries, has become a point of contention in the trade war with the U.S. Stricter export controls implemented in April have led to significant delays in license approvals, impacting global automakers and technology firms.
EU asks China to address ‘alarming’ rare earth disruptions
Automakers like Mercedes-Benz and BMW are preparing for possible supply crunches, drawing parallels to the semiconductor crisis.
European auto suppliers shut plants as China blocks rare earth flow, association says
European auto component plants are facing shutdowns due to a rare earth element shortage, triggered by recent Chinese export restrictions, CLEPA reports. Despite hundreds of applications for export licenses since April, only a quarter have been approved, causing significant disruption.
A new era of trade warfare has begun for the US and China
The U.S.-China trade conflict escalates into a supply chain battle, with both nations restricting critical technologies and minerals.
Global alarms rise as China's critical mineral export curbs takes hold
Global automakers are raising alarms about China's restrictions on rare earth exports, warning of potential production delays and economic disruptions. Following similar concerns from US and Indian manufacturers, German automakers have joined the chorus, highlighting the critical role of these minerals in various industries.
Chinese chip firm UniVista offers free product trial after US ban on chip design software
The move comes after the United States ordered a broad swathe of companies, including EDA software suppliers, to stop shipping goods to China without a licence and revoked licences already granted to certain suppliers.
Trump accuses China of violating trade deal, doubles steel and aluminum tariffs
President Trump accused China of violating a tariff rollback deal, escalating trade tensions by doubling steel and aluminum tariffs to 50%. He claimed China was slow-rolling export licenses for rare earth minerals, critical for U.S. industries. Despite ongoing concerns and stalled trade talks, both nations express hope for resolution through direct engagement between Trump and Xi.
Synopsys halts China sales due to US export restrictions, internal memo shows
Semiconductor design software company Synopsys on Thursday suspended its annual and quarterly forecasts after it received a letter from the Bureau of Industry and Security of the US Department of Commerce, informing it of new export restrictions related to China. To ensure compliance, Synopsys said it was blocking sales and fulfillment in China and halting new orders until it receives further clarification.
Export controls are endangering the fragile U.S.-China truce
Despite a recent truce on tariffs, the United States and China are engaging in supply chain warfare, wielding export controls over critical components. China has restricted rare earth magnet exports, impacting industries globally, while the U.S. has banned semiconductor sales to Huawei and restricted exports for China's C919 aircraft.
Synopsys suspends forecasts after US cracks down on China chip software exports
US has ordered a broad swathe of companies to stop shipping goods to China without a license and revoked licenses already granted to certain suppliers, Reuters reported on Wednesday, citing three people familiar with the matter. Firms that supply electronic design automation (EDA) software for semiconductors were sent letters last Friday saying that licenses would now be required to ship to Chinese customers.
Wafer supplier Soitec withdraws mid-term, year-ahead guidance; changes CFO
French semiconductor materials supplier Soitec withdrew its fiscal year and medium-term forecasts due to ongoing market uncertainties and a slump in automotive chip demand. It expects Q1 revenue to drop 20% year-on-year. CFO Lea Alzingre resigned, replaced by Albin Jacquemont, with full-year earnings to be presented Wednesday.
Tech's Trump whisperer, Tim Cook, goes quiet as his influence fades
Tensions escalate between Apple CEO Tim Cook and Donald Trump as Trump publicly criticizes Cook's absence from a Middle East trip and threatens tariffs on iPhones made overseas, particularly in India. This shift marks a stark contrast from their previously amicable relationship, raising concerns about Apple's future dealings with the administration amidst broader challenges for the company.
Tariff? Long arm of Trump law may not pluck Apple off India
Donald Trump may impose tariffs on iPhones not manufactured in America. The tariff could be at least 25%. Apple might face challenges diversifying production beyond China. India's electronics manufacturing sector could also be affected. Experts believe shifting production to the US is not feasible. Some see this as a negotiation tactic with India.
US stock market crashes: S&P 500, Nasdaq, Dow Jones, Russell 2000 suffer biggest daily losses in a month; Nvidia, Apple, Tesla share prices fall
Wall Street on Wednesday closed in red as S&P 500, Nasdaq, and Dow Jones fell.
Foxconn among potential bidders for Singaporean chip assembly firm UTAC in $3 billion deal
Taiwan’s Foxconn is among potential bidders for Singapore’s semiconductor assembly firm UTAC Holdings, valued at around $3 billion. Owned by Wise Road Capital, UTAC offers chip assembly and testing services globally. The sale attracts interest amid US-China tech tensions, with bids due by month-end from buyers.
Foxconn among potential bidders for Singaporean chip assembly firm UTAC in $3 billion deal, sources say
Foxconn is reportedly among the potential bidders for Singapore's UTAC Holdings, a semiconductor assembly and testing business valued at approximately $3 billion. Wise Road Capital, UTAC's owner, has engaged Jefferies to manage the sale, anticipating non-binding bids by the end of the month. UTAC's China presence may limit interest from U.S. based entities.
Strong opportunities, but India will take time to be a chip hub: MediaTek executive
MediaTek executives caution that India's ambition to become a semiconductor hub may face delays due to a scarcity of skilled workers, potentially extending the time from facility groundbreaking to mass production. While India excels in chip design, its hardware and manufacturing expertise need development, requiring significant time or attracting foreign talent.
Wall Street stocks tumble as worries mount about US debt
U.S. stocks plummeted on Wednesday as Treasury yields surged amid concerns over the potential increase in U.S. government debt due to President Trump's proposed tax-cut bill. All major Wall Street indexes experienced their largest daily losses in a month, with small-cap stocks also suffering significant declines.
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