Samsung Electronics breaks ground for 6th domestic contract chip manufacturing facility

On Thursday, Samsung Electronics Co Ltd stated, it has broken ground for its sixth domestic contract chip production line which will produce logic chips. The development comes in the wake of Samsung’s efforts to reduce its reliance on the volatile memory chip sector. With this move, Samsung will be taking on bigger rival Taiwan Semiconductor…

Panasonic’s Q1 profits at Tesla’s Gigafactory boost investor confidence in EV market

On Tuesday, following Panasonic Corp’s first quarter report, shares of Asian companies in Tesla Inc’s battery supply chain surged. Panasonic’s battery venture with Tesla has boosted investor confidence in the U.S. electric vehicle (EV) maker. Panasonic’s first quarterly profit from its $1.6 billion investment in Tesla’s Gigafactory is also another validation of Tesla founder Elon…