US grants Samsung up to US$6.4 billion in funding to produce advanced chips in Texas

“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department. A general view of Samsung Electronics’ semiconductor plant under construction in Taylor, Texas, on January 2, … Read more

Generative AI could be smart glasses’ killer app and Hong Kong-founded Brilliant Labs is betting big on the trend

Singapore-based smart lenses start-up Brilliant Labs has become the latest company to introduce a pair of smart glasses, as a slew of tech companies, including several in China, try to make wearing glasses “cool”. The company’s new Frame smart glasses, announced on Friday, are imbued with a custom artificial intelligence (AI)-powered assistant called Noa, which … Read more

Semiconductor manufacturing giant TSMC pushes development of second chip plant in Japan with new investor Toyota

TSMC, the world’s largest contract chip maker, said that Toyota Motor Corp will be joining as a new investor of Japan Advanced Semiconductor Manufacturing (JASM), the Taiwanese firm’s majority-owned manufacturing subsidiary in Kumamoto Prefecture on the southwestern island of Kyushu. The TSMC board approved an injection of no more than US$5.26 billion in JASM, though … Read more