(Bloomberg) -- A delegation of Japanese lawmakers and a US state governor are making overlapping trips to Taiwan, pushing back against Chinese efforts to isolate the island after House Speaker Nancy Pelosi’s visit earlier this month. Most Read from BloombergSaudi Prince Says Oil’s Disconnect May Force OPEC+ ActionHome Sellers Are Slashing Prices in Pandemic BoomtownsApple’s New iPhone 14 to Show India Closing Tech Gap With ChinaStocks Knocked Down as Torrid Rally Hits a Wall: Markets WrapCovid I
U.S. chipmaker Intel Corp said on Monday it will produce chips for Taiwan’s MediaTek Inc, one of the world's largest chip design firms. The manufacturing arrangement is one of the most significant deals Intel has announced since it launched its so-called foundry business early last year. A foundry business builds chips that other companies design and Taiwan Semiconductor Manufacturing Co (TSMC) is the top player in that space.
(Bloomberg) -- It’s getting complicated for investors in semiconductor stocks, with last year’s big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics.Most Read from BloombergElon’s OutTrump Lashes Out at Elon Musk and ‘Rotten’ Twitter DealWall Street Sours on Stocks in Anemic Trading Day: Markets WrapBiden Administration to Again Extend the Covid Public-Health Emergency Rivian Plans Hundreds of Job Cuts Following Surge in StaffingThe Co