Qnity Electronics announced the acquisition of a new semiconductor research and manufacturing facility in Taiwan as part of a $61.5 million investment to expand production capacity and support growing global demand across the semiconductor industry. The new facility will support advanced chip manufacturing applications and will include production areas, clean rooms, warehousing infrastructure, res...
Qnity Electronics announced the acquisition of a new semiconductor research and manufacturing facility in Taiwan as part of a $61.5 million investment to expand production capacity and support growing global demand across the semiconductor industry. The new facility will support advanced chip manufacturing applications and will include production areas, clean rooms, warehousing infrastructure, research laboratories, and office space designed to enable high-performance manufacturing at scale. Located in Taiwan’s Hsinchu Science Park, the site expands Qnity’s existing presence in the region and reinforces the company’s strategy of maintaining manufacturing operations close to major customers. The company said its local-for-local operating model is designed to help partners meet rising demand driven by artificial intelligence, high-performance computing, and advanced connectivity technologies. The expansion comes as the global semiconductor industry continues to grow rapidly, with total revenues expected to approach $1 trillion in the coming years due to increasing demand for AI chips and data center infrastructure. Qnity said it has been expanding capacity across its semiconductor businesses over the past three years to keep pace with industry growth. The Taiwan investment builds on those efforts while strengthening supply assurance, improving operational agility, and positioning the company to meet evolving demands in next-generation chip manufacturing. The facility is expected to begin operations in early 2027, with additional research and development capabilities planned in future development phases. KEY QUOTE: “Growth in advanced-node manufacturing continues to accelerate, and our customers are scaling rapidly to support next-generation technologies. This investment expands our capacity to meet customer demand, enhances global supply chain resilience, and enables the innovation and performance our customers depend on. This facility represents more than just additi...
China’s consumer-price growth accelerated to the quickest in over three years and factory deflation moderated again, after a rally in energy markets and as household spending boomed during a later-than-usual Lunar New Year holiday. The consumer-price index climbed faster than all forecasts to 1.3% in February from a year earlier, after a 0.2% rise in January, according to data released by the Nati...
China’s consumer-price growth accelerated to the quickest in over three years and factory deflation moderated again, after a rally in energy markets and as household spending boomed during a later-than-usual Lunar New Year holiday. The consumer-price index climbed faster than all forecasts to 1.3% in February from a year earlier, after a 0.2% rise in January, according to data released by the National Bureau of Statistics on Monday. The median estimate of economists surveyed by Bloomberg was 0.9%. Producer prices narrowed their drop to the least since July 2024 even while declining for a 41st straight month. They fell 0.9% from a year earlier, less than the forecast for a 1.1% decrease. China is set for a gradual reflation this year after suffering its longest streak of declines in economy-wide prices in decades. The record spending surge during the long public holiday likely jolted some consumer costs upward, with signs already pointing to an easing of deflationary pressures in manufacturing and services . President Donald Trump ’s war with Iran is also pushing up the cost of oil globally and endangering an important source of discounted crude imports for China. Global benchmark Brent spiked as much as 20% on Monday to above $111 a barrel, the highest level since July 2022. “The transmission impact of global geopolitical conflicts on energy prices is starting to manifest itself,” NBS statistician Dong Lijuan said in a statement accompanying the data release. China’s domestic fuel prices rose 3.1% in February from the previous month, according to Dong, though they still declined sharply from a year earlier. The extent of the uplift in last month’s consumer inflation will probably prove temporary, caused in large part by the timing of the Lunar New Year. The festival is a moving holiday that ran from Jan. 28 to Feb. 4 in 2025 but fell entirely in February of this year. China’s top leaders last week issued their strongest pledge yet to end deflation , with a vow to “s...
(RTTNews) - The Indonesia stock market headed south again on Friday, one day after ending the three-day slide in which it had given up more than 650 points or 7.2 percent. The Jakarta Composite Index now sits just above the 7,585-point plateau and it's expected to open in the red again on Monday. The global forecast for the Asian markets is negative on surging oil prices and the ongoing war in the...
(RTTNews) - The Indonesia stock market headed south again on Friday, one day after ending the three-day slide in which it had given up more than 650 points or 7.2 percent. The Jakarta Composite Index now sits just above the 7,585-point plateau and it's expected to open in the red again on Monday. The global forecast for the Asian markets is negative on surging oil prices and the ongoing war in the Middle East. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion. The JCI finished sharply lower on Friday following losses from the financial shares, cement stocks and resource companies. For the day, the index tumbled 124.85 points or 1.62 percent to finish at 7,585.69 after trading between 7,500.08 and 7,700.32. Among the actives, Bank Mandiri tanked 2.83 percent, while Bank Danamon Indonesia retreated 1.50 percent, Bank Negara Indonesia dipped 0.23 percent, Bank Central Asia contracted 1.41 percent, Bank Rakyat Indonesia stumbled 2.13 percent, Indosat Ooredoo Hutchison plunged 3.57 percent, Indocement sank 0.85 percent, Semen Indonesia fell 0.37 percent, Indofood Sukses Makmur improved 0.80 percent, United Tractors rose 0.25 percent, Astra International crashed 3.16 percent, Energi Mega Persada plummeted 13.10 percent, Astra Agro Lestari added 0.34 percent, Aneka Tambang tumbled 2.18 percent, Vale Indonesia surrendered 1.98 percent, Timah cratered 3.34 percent, Bumi Resources lost 4.17 percent and Bank CIMB Niaga was unchanged. The lead from Wall Street is weak as the major averages opened lower on Friday and remained under water throughout the trading day, ending near session lows. The Dow dropped 453.19 points or 0.95 percent to finish at 47,501.55, while the NASDAQ tumbled 361.31 points or 1.59 percent to close at 22,387.68 and the S&P 500 sank 90.69 points or 1.33 percent to end at 6,740.02. The sell-off on Wall Street came amid an extended surge by the price of crude oil. Crude oil has skyrocketed over the past wee...
NVIDIA Corporation has been in a league of its own when it comes to AI chips and data center growth. The company could be looking to be among the early leaders for data centers in space, based on a viral job posting. Nvidia Hiring Orbital Datacenter System Architect Billionaire Elon Musk and companies such as Google are among those talking about looking to space for data centers to help with the g...
NVIDIA Corporation has been in a league of its own when it comes to AI chips and data center growth. The company could be looking to be among the early leaders for data centers in space, based on a viral job posting. Nvidia Hiring Orbital Datacenter System Architect Billionaire Elon Musk and companies such as Google are among those talking about looking to space for data centers to help with the growing demand for AI. While data centers in space could be an early concept today, Nvidia is looking to test it out and be an early leader. "Nvidia is looking for an Orbital Datacenter System Architect to help define and build products for AI in orbit," a tweet from space industry researcher Jack Kuhr said. Don't Miss: That tweet has nearly one million views on the social media platform X. The official job description from Nvidia highlights the goals and role of the potential candidate. "Nvidia is looking for an Orbital Datacenter Architect to help define and build products for AI in orbit. This is an opportunity to join the leader in AI systems at the inception of a completely new industry," Nvidia's job posting says. Among the items the candidate will be responsible for include: Drive architecture for orbital datacenter systems, including connectivity between satellites Work on a roadmap for future Nvidia products for space Analyze performance, power and cost of different solutions Collaborate with Nvidia's key customers and system development partners on strategies Nvidia is looking for someone with a bachelor's degree in fields like Computer Engineering, Computer Science, Electrical Engineering, or another related field. The candidate is expected to have 12 years or more experience in system architecture and hands-on experience with space systems. Trending: Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character Rights Salary will depend on location, experience and other factors, with the company saying the position's annual pay would be in a range of $2...