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Samsung Secures $4.75B Federal Grant for Texas Semiconductor Facilities

Samsung Electronics has secured $4.74 billion in funding from the U.S. Department of Commerce to establish semiconductor manufacturing facilities in Texas. The South Korean tech manufacturer plans to construct two new plants in Taylor, Texas, with additional investments planned for its existing Austin......

Taiwan Faces Major Disruptions as Typhoon Kong-rey Strikes

Taipei, Taiwan,Typhoon Kong-rey made landfall on Taiwan's east coast on Thursday, marking the largest storm to impact the island in nearly three decades. The typhoon has prompted significant disruptions, including the closure of financial markets, the cancellation of hundreds of flights, and reduced......

Nvidia's Historic $279 Billion Plunge Rattles Global Chip Market

Global semiconductor stocks experienced a significant downturn on Wednesday, following a steep decline in Nvidia’s share price in the U.S. overnight. The plunge in Nvidia’s stock value, amounting to a staggering $279 billion, marked the largest one-day market capitalization drop for a U.S.......