Samsung will receive up to $7 billion next week, according to two sources speaking with knowledge of the matter. The US subsidy will help Samsung build more factories in Taylor, Texas.
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Japan has announced a 75 billion yen subsidy for silicon wafer producer Sumco. This is part of a wider 2 trillion yen earmarked for semiconductor subsidies over the next couple of years.
China is changing its strategy to support its semiconductor industry by providing easier access to subsidies to some companies. This comes amidst tight U.S. controls over chip-making equipment.
The Biden administration has said that companies receiving funds from the CHIPS subsidy will be required to pay the government if they do exceedingly well and accrue "excess profits".
As sales of consoles stagnate across the board, Microsoft is looking to energise sales of its console, with a new Xbox 360 4GB + Kinect bundle for $99 upfront, subsidised by a $15 monthly subscription.
Microsoft Corp. plans a hefty subsidy on its next generation gaming console, the Xbox 360, when it hits store shelves this fall, according to industry estimates. The company provided little financial information when it unveiled...
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