The United States and the European Union signed a trade agreement on a unified 14 % tariff to be applied to most sectors, including automotive, semiconductors, and pharmaceuticals.

“According to the EU, this unified tariff provides greater clarity and stability for companies on both sides of the Atlantic.” In addition, “zero-zero” tariffs were established on “strategic items such as aircraft parts, certain chemical products, semiconductor equipment, and specific agricultural products.”

The comprehensive trade agreement covers at least 44 % of global Gross Domestic Product and impacts 800 million people.

From Washington, however, they clarified that taxes on steel, aluminum, and copper will remain unchanged. That is, the EU “will continue to pay a 50 % rate, and the parties will discuss the security of the supply chains for these products.”

EU President Ursula von der Leyen noted that the agreement allows for forecasting in a turbulent context so that companies in the region can plan and invest. “We are guaranteeing immediate tariff relief. This will have a clear impact on our companies’ results. And with this agreement, we are ensuring access to our largest export market,” she emphasized.

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Source: dplnews

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US President Donald Trump issued instructions this Tuesday to lift import restrictions on semiconductors used in the development of artificial intelligence.

Former President Joe Biden had established these measures days before handing over the presidency to Donald Trump, and they were to take effect on May 15, further harming China.

The suspension of these restrictions comes at a time of negotiations between the United States and China regarding reciprocal tariffs.

“The US Department of Commerce has replaced these new rules with recommendations, which warn, among other things, the public of the potential consequences of allowing US chips to be used to develop Chinese AI models,” the media reported.

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Source: eleconomista

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New York Governor Kathy Hochul announced on Thursday, November 7, that the city will have the first semiconductor research center, called the NanoTech Complex.

The measure is part of the CHIPS and Science Act, approved in 2022, which aims to “improve the technological competitiveness of the United States against China and includes more than $52 billion in incentives for domestic semiconductor production.”

The NanoTech center will be located in the state capital, Albany, and will become a center specialized in “extreme ultraviolet (EUV) technology research and development and will be eligible for up to $825 million in federal funding,” Hochul said.

It is the first of three research centers that will make up the federal consortium of the National Semiconductor Technology Center (NSTC).

The Department of Commerce has indicated that it expects the center to begin operations in 2025, following the preliminary agreement, which will allow them to accelerate the mass production of smaller and faster microchips.

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The President of the United States, Joe Biden, and Nguyen Phu Trong, the highest Vietnamese authority, have formalized a historic agreement that elevates the bilateral relationship to the category of strategic partnership.

This step represents an important advance in the US strategy to counter China’s influence in the region.

Biden, during a press conference in Hanoi after his meeting with Nguyen Phu Trong, highlighted that this new status will be a pillar of prosperity and security in one of the most crucial regions in the world.

Strengthening relationships in the global context

Joe Biden framed the strengthening of relations with Vietnam within his extensive network of international alliances, which he has been weaving since his arrival at the White House in January 2021.

This pact joins other efforts, such as the revitalization of the QUAD defense alliance and the creation in 2021 of the AUKUS tripartite pact (which includes Australia, the United Kingdom and the United States).

In practical terms, the agreement aims to boost semiconductor production in Vietnam, which has already established itself as a leading manufacturing hub in the region.

Some American companies, such as Intel, view Vietnam as an alternative manufacturing destination to China.

This movement seeks to diversify the supply chain and reduce dependence on a single country in the production of key electronic components.

Taken and with information from Doble Llave

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The European Commission will review the acquisition of the Israeli semiconductor manufacturer Autotalks by the US multinational Qualcomm following requests from Spain and 14 other Member States to re-evaluate the merger proposal, considering that it may affect competition in their territories since it eliminates a relevant competitor in a concentrated market.

The proposed acquisition does not meet the notification thresholds set out in the EU merger regulation, and could not be notified in any Member State, but Belgium, France, Italy, the Netherlands, Poland, Spain and Sweden submitted initial referral requests based on the provision of the rule that allows them to request the Commission to examine a concentration that does not have a Community dimension but affects trade within the single market and threatens to significantly affect competition in the territory of the countries making the request.

Other countries from the European Economic Area had the opportunity to join the original referral requests and subsequently the Czech Republic, Denmark, Finland, Ireland, Luxembourg, Portugal, Romania and Slovakia joined the initial requests. This is the second time that the Commission has accepted referral requests.

Based on the information available to the Commission at this early stage, and without prejudice to the outcome of its full investigation, Brussels considers that the transaction meets the referral criteria in accordance with the regulation.

The Community Executive has asked Qualcomm to notify the transaction, which cannot be carried out without the authorization of the Commission, a merger that can combine two of the main suppliers of V2X semiconductors, a key technology to improve road safety, traffic management and reducing carbon dioxide (CO2) emissions, as well as for the deployment of autonomous vehicles.

In this sense, Brussels considers it important to guarantee that customers such as original equipment manufacturers or infrastructure managers maintain access to V2X technology at competitive prices and conditions.

Source: dpa

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South Korea’s National Assembly has passed its own law to boost the country’s semiconductor industry through tax breaks for manufacturers and investors, following a similar initiative by the United States.

The proposal, which has gone ahead by 179 votes in favor and 13 against, will increase the tax reductions to 15 % from the current 8 % for large companies that invest in production plants, while, in the case of small and medium-sized companies, this bonus will be 25 % compared to the previous 16 %. In this way, the main beneficiaries of the so-called ‘K-Chips Act‘ will be Samsung Electronics and SK Hynix.

Through these new incentives, South Korea hopes to unseat Taiwan as the leader in the manufacture of microchips, as well as promote its own industrial capacities in a sector with high added value and key in the Asian country’s exports. In fact, foreign sales of the technology sector represented 12 % of total exports in February.

This initiative is inspired by the US ‘CHIPS and Science Act’, approved by Congress at the end of July last year, and is endowed with 50,000 million dollars (49,982 million euros) for semiconductor manufacturers to build plants on the ground of the first world economy. “The United States must lead the world in producing these advanced chips. This law will do exactly that,” President Joe Biden said at the time.

Likewise, the plan included 80,000 million dollars (73,571 million euros) to promote innovation and research with the aim that the US does not lose technological and industrial supremacy in favor of China.

For his part, President Yoon Suk-yeol has already reported that he will give the go-ahead to the legislative project for its entry into force.

Samsung to build microchip factory in Seoul

In the middle of this month, Samsung Electronics announced that it will build a large microchip manufacturing complex on the outskirts of Seoul for 300 trillion won (212.310 million euros) to compete with the Taiwanese TSMC and the American Intel.

The factory will include, in 2042, five high-tech facilities, in addition to another 150 companies specializing in materials, components and foundry without a factory (‘fabless’). The plant will be built close to existing ones owned by Samsung Electronics itself and SK Hynix.

“The mega-complex will cover the entire semiconductor value chain,” the Korean Ministry of Commerce, Industry and Energy said. “The government will implement the necessary measures to position ourselves as leaders in the semiconductor industry without prejudice to cooperating with the private sector,” he added.

In fact, the plan was communicated by the South Korean President and confirmed by Samsung later. “The leading industries are the basis of economic growth, as well as security and strategic assets, which are clearly intertwined with employment and social welfare,” said the president. If completed, it will be the largest geographic concentration of the world’s semiconductor industry, according to the ministry.

In addition, the Yoon Executive champions an investment plan of 550 trillion won (389.235 million euros) until 2026, and which is part of this mega-complex for the chip, screen, battery, biotechnology, electromobility and robotics industries. The purpose is to create its own supply chain with high added value that reinforces the autonomy of South Korea in the technological field.

“The hegemonic competition between the United States and China for technological supremacy is devolving into all-out war,” warned Lee Chang-yang, Minister of Commerce, Industry and Energy.

Source: dpa

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Apple expects to stock up on semiconductors manufactured in a plant located in Arizona (United States) as of 2024, without specifying who exactly will be the supplier of these semiconductors.

The CEO of the technology company, Tim Cook, said in a meeting with workers and engineers in Germany that, in addition to focusing on the production of chips in his country of origin, he also hopes to expand his supply from plants located in Europe.

One of them would be located precisely in Germany, whose government would already be in talks with the company’s main supplier, Taiwan Semiconductor Manufacturing Co. (TSMC), to set up a component factory, as Bloomberg learned.

“We will source from Europe as these plans become more evident”, said the manager, also revealing that he has made the decision to purchase these components from a factory located in Arizona, scheduled to open in 2024.

From Bloomberg, they announced that this factory would be the one currently run by TSMC and that operates in the city of Phoenix. In addition, this manufacturer is also studying the possibility of building a second production center in the United States.

This news media also recalls that the US government launched a subsidy program, which is part of the law known as the Chips and Science Act, with which it hopes to encourage companies that manufacture these chips to expand in the country.

Currently, TSMC manufactures a large part of its products in plants located in Taiwan, which has a high production share (around 60% of the world supply of processors, according to Cook).

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Source: Muycomputer

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Toyota recently announced that despite being able to meet the car production quota for November this year, set at 800,000 vehicles, it will not reach its goal for 2023 due to the semiconductor crisis.

The automaker had set a cap of 9.7 million cars by the end of the current fiscal year. However, given the crisis that has generated the shortage of semiconductors and other issues that affect the global economy, the forecasts are downward.

Spokesmen for the manufacturer have described the situation as temporary and do not see the future of production clearly, due to the impact of “the shortage of semiconductors and other factors. The company says that the impact will continue, and that they closely monitor the supply of parts to consider all possible measures”.

The company strives to meet deliveries on time. In this sense, “of the 800,000 units that are expected to be assembled in November, 250,000 cars will correspond to its plants in Japan and the other 550,000 to the rest of its factories.”

For the quarter from September to November they had a goal of 900 thousand monthly units assembled. Toyota keeps all its production centers active.

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Source: americaeconomia

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Microsoft discontinued the Xbox One console, launched in 2013, in order to boost manufacturing of its next-generation hardware, Xbox Series X/S, after ceasing production of the Xbox One X models and the One S digital edition in July of 2020.

The senior director of Xbox Product Marketing, Cindy Walker, confirmed the change in strategy with which the company created by Bill Gates seeks to focus its efforts on the production of new models.

“To focus on Xbox Series X/S production, we stopped production of all Xbox One consoles at the end of 2020,” Walker said.

In July 2020, the company announced its decision to end production of the Xbox One X and the Xbox One S Digital Edition, ahead of the arrival of its next-generation hardware. So only Xbox One S remained.

This information follows Sony’s recent announcement. The Japanese technology company confirmed, according to Bloomberg, that it will face the shortage of components dedicated to the manufacture of its newest console, PlayStation 5, increasing the production of PlayStation 4 during 2022.

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Samsung Electronics will invest approximately $ 175 million over the next three years to underpin the South Korean giant’s leadership in industrial restructuring after the Covid-19 pandemic, which will translate into the creation of 40,000 jobs in a global way. direct.

Likewise, the company announced that, in addition to expanding the investment to ensure its leadership in strategic businesses, it plans to strengthen its position at a technological and market level through mergers and acquisitions.

In this way, Samsung will boost its presence in areas such as semiconductors, biopharmaceuticals, artificial intelligence or robotics in response to the acceleration of the “fourth industrial revolution”.

In this sense, the South Korean pointed out that semiconductors have emerged as a key industry capable of conditioning the competitiveness of all sectors and in which competition between countries for hegemony is intensifying.

“Semiconductors are the ‘security board’ of the Korean economy and the main industry of the fourth industrial revolution. Samsung’s aggressive investment is effectively a ‘survival strategy’ in the sense that once competitiveness is lost, it is almost impossible to recover”, the company said.

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Source: Notiamérica

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