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Search resuls for: "Alexandra Alper Stephen Nellis"


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WASHINGTON/SAN FRANCISCO, March 15 (Reuters) - A chip plant that South Korea's Samsung Electronics Co Ltd (005930.KS) is building in Taylor, Texas, will cost the world's biggest memory chipmaker over $25 billion, up more than $8 billion from initial forecasts, according to two people familiar with the matter. The increase in cost is primarily due to inflation, the people said, declining to be named because the information was not public. "The higher construction cost is about 80% of the cost increase," one of the sources said. Meanwhile, Intel Corp (INTC.O) announced a $20 billion chip factory in Ohio that it could expand to cost up to $100 billion. Samsung, the world's No.2 contract chip manufacturer, announced its Taylor, Texas, plant in 2021.
REUTERS/Aly Song/File PhotoJan 30 (Reuters) - The Biden administration has stopped approving licenses for U.S. companies to export most items to China's Huawei, according to three people familiar with the matter. Qualcomm Inc (QCOM.O) in 2020 received permission to sell 4G smartphone chips to Huawei. Licenses for 4G chips that could not be used for 5g, which might have been approved earlier, were being denied, the person said. American officials placed Huawei on a trade blacklist in 2019 restricting most U.S. suppliers from shipping goods and technology to the company unless they were granted licenses. But U.S. officials granted licenses that allowed Huawei to receive some products.
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