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Japan boosts support for Rapidus with over ¥1 trillion to advance 2nm chip production
Japan strengthens investment to rebuild advanced chip manufacturing November 24, 2025 /SemiMedia/ — Japan will provide more than 1 trillion yen in additional funding to Rapidus over the next two fiscal years, expanding support for the state-backed chipmaker as it accelerates development of 2-nanometre and next-generation process technologies. The Ministry of Economy, Trade and Industry plans to…
GlobalFoundries cuts staff at New York Fab 8 amid $16 billion expansion
September 1, 2025 /SemiMedia/ — GlobalFoundries has made staff reductions at its Fab 8 plant in Saratoga County, New York, though the company did not disclose the number of employees affected or the roles involved. The chipmaker said the move is aimed at improving efficiency and aligning its workforce with long-term strategic priorities. While trimming headcount in certain areas, the company…
South Korea’s May Exports Likely Fell as U.S. Tariffs Weigh on Trade Despite Strong Chip Demand
South Korea is expected to report its first export decline in four months, as the negative impact of U.S. tariffs begins to outweigh resilient demand for high-tech semiconductors, according to a Reuters poll of economists.
Exports from Asia’s fourth-largest economy likely dropped 2.7% year-on-year in May, based on a median forecast from 16 economists. If confirmed, it would mark the first annual decline since January.
The country's May trade figures will be released on Sunday, June 1, at 9 a.m. local time (0000 GMT), providing an early pulse on global trade momentum.
In April, South Korea surprised markets with a 3.7% increase in exports, despite a sharp 6.8% drop in shipments to the U.S.. That performance was driven by robust semiconductor sales, particularly high-end chips used in artificial intelligence.
However, economists caution that recent strength in chip exports may be temporary. “The strong semiconductor numbers could be due to front-loading of orders ahead of potential U.S. tariffs,” said Chun Kyu-yeon, economist at Hana Securities.
Data from the first 20 days of May revealed a 2.4% decline in overall exports, with exports to the U.S. plunging 14.6% and shipments to China down 7.2%, hinting at broader trade headwinds.
President Donald Trump’s administration has imposed 25% tariffs on imported automobiles and steel from South Korea and hinted at further duties on semiconductors and pharmaceuticals. While a 90-day pause in U.S.-China trade tensions was agreed upon in May, key tariff deadlines in July and August still loom, injecting uncertainty into the global trade outlook.
“There are worrying signs that the export slowdown is not limited to the U.S.,” said Stephen Lee of Meritz Securities. “Falling shipments to China point to a more widespread deceleration in global demand.”
Lee expects South Korea’s exports to decline in the second quarter, extending a contraction seen in the previous quarter — the country’s first in over 18 months.
Meanwhile, imports are also forecast to have fallen by 3.1% year-on-year in May, following a 2.7% decline in April, reflecting softer domestic demand and raw material costs.
Despite the drop in trade activity, South Korea’s trade surplus is expected to remain solid at $4.61 billion, only slightly below April’s $4.88 billion.
Economists caution that the outlook remains uncertain. “It’s too early to call a turning point in the tariff landscape,” said Oh Suk-tae of Societe Generale, pointing to the unresolved deadlines that could reignite trade tensions later this summer.
Intel's Leadership Change and Innovations in AI: Insights from Hard Fork
Listen to and Follow ‘Hard Fork’ Available on: Apple | Spotify | Amazon | YouTube | iHeartRadio Hosted by: Kevin Roose and Casey Newton Produced by: Rachel Cohn and Whitney Jones Edited by: Jen Poyant Engineered by: Daniel Ramirez Original Music by: Dan Powell, Elisheba Ittoop, Marion Lozano, and Diane Wong This week, Pat Gelsinger has officially stepped down as the chief executive of Intel, a…
Chip industry under stress, with new US restrictions on sales to China
Chip industry under stress, with new U.S. restrictions on sales to China #chipindustry #semiconductors #China #US #Exports #technology
Chip Industry world over is under stress now, with new US restrictions on exports. Businesses all around the world started to consider the effects of broad U.S. restrictions on the export of chips and machinery for making chips to China. In order to continue running its operations in China, the South Korean manufacturer of memory chips SK Hynix Inc. announced on Friday that it would apply for a…
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