A workers' union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning of more damaging action against the country's most powerful conglomerate than its one-day walkout last month.

SINGAPORE – Singapore’s manufacturing output turned positive in May, fuelled by a rebound in the key electronics sector.

Total output grew a better-than-expected 2.9 per cent year on year in May, after a revised 1.2 per cent drop in April and the 9.2 per cent contraction suffered in March.

Economists in a Bloomberg poll had predicted a 1.4 per cent expansion.

HANOI - Foxconn Singapore has been awarded a licence to invest US$383 million (S$518 million) in a factory to produce printed circuit boards in Vietnam, state media reported on June 24.

The plant in the northern province of Bac Ninh will produce 2.79 million products a year, Cong Thuong newspaper reported.

Summary:
Areas targeted include semiconductors, quantum computing and AI
Proposed rules include exceptions for transactions in U.S. national interest
Focus on China, Macau and Hong Kong, with potential for expansion

Summary:
Singapore firm announced Italian plant in March.
At least three Italian regions competed to host plant.
Selected site expected to be announced next week.

According to a report from Nikkei citing sources, memory giant Micron Technology is building a pilot production line for advanced high-bandwidth memory (HBM) in the United States and is considering producing HBM in Malaysia for the first time to capture more demand from the AI boom.

GlobalWafers Co (環球晶圓), the world’s third-largest silicon wafer supplier, yesterday said revenue would increase at a much slower pace this year due to customers’ inventory adjustments and lackluster chip demand for smartphones, vehicles and industrial devices.

June 18 (Reuters) - Apple, opens new tab has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro.

LIMITING THE IMPACT: Due to the discovery at the site of the firm’s first advanced packaging plant in Chiayi, plans are being made to begin work on its second plant

SCOTTSDALE, Ariz. – June 19, 2024 – Electrification, renewables and artificial intelligence are global megatrends converging and driving unprecedented demands for advanced power semiconductors capable of optimizing energy conversion and management. In a strategic move toward addressing these demands, onsemi announced plans to establish a state-of-the-art, vertically integrated silicon carbide (SiC) manufacturing facility in the Czech Republic. The site would produce the company’s intelligent power semiconductors that are essential for improving the energy efficiency of applications in electric vehicles, renewable energy and AI data centers.