Business

EU wants to double microchip share by 2030

The EU aims to capture 20 percent of the world's semiconductors by 2030 as Europe looks to become a tech power to rival the US and China, officials said Tuesday.

Automotive

Chip shortage puts the brakes on automakers

A shortage of silicon chips is forcing automakers to cut back on production across the globe and may encourage efforts to cut reliance on Asian suppliers.

Business

Samsung Electronics profit spikes on pandemic-driven demand

Samsung Electronics, the world's biggest smartphone and memory chip maker reported fourth-quarter net profits up by more than a quarter year-on-year Thursday, with coronavirus-driven working from home boosting demand for ...

Business

Taiwan processor chip maker to set up $3.5 billion U.S. arm

A Taiwanese maker of processor chips for Apple Inc. and other customers plans to invest $3.5 billion to set up its second U.S. manufacturing site amid American concern about relying too heavily on sources in Asia for high-tech ...

Business

Coronavirus sales slump plunges VW into loss

German carmaker Volkswagen on Thursday reported a pre-tax loss of 1.4 billion euros ($1.6 billion) for the first half of 2020 after the coronavirus pandemic sent sales plummeting.

Robotics

Mobile robot cleaner takes production hygiene to a higher level

Production lines and hygiene zones have to be spotlessly clean. And absolute cleanliness is critical wherever food is processed and medical instruments are handled. Now Fraunhofer researchers have come up with a mobile cleaning ...

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