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    Hi Everyone! A very nice but non-descript building in a Windsor Mill industrial park is home to a bakery company that turned out its first cookie in 1881. According to the company website, that was the year Adam Otterbein immigrated to Locust Point and started a business that, now, is run by the fifth generation of the family. READ MORE: Premier League Clubs Arsenal, Everton To Play In Baltimore This Summer, Bolstering City's World Cup BidWhen “K2” and I arrived Ben Otterbein introduced us to his employees, he knows them all by name. On air, he was very quick to point out that in a family business, the employees are family and are treated as such. These folks make millions of cookies every year, and the six flavors are all mixed, baked, packaged and boxed by hand, then shipped out quickly to ensure freshness. Otterbein’s six types of cookies are chocolate chip, double chocolate chip, ginger, sugar, lemon sugar, and oatmeal raisin. Ben and his management team are very current, progressive, and are growing the business like the...
    Semiconductor Manufacturing International Corp. (SMIC), China’s top maker of computer chips, said on Thursday its factories in Shanghai have resumed production under a “closed-loop system” that has about 60 percent of the staff sleeping at the factory to comply with Shanghai’s grueling coronavirus lockdown. SMIC said in a post on China’s Weibo social media platform that it began implementing the closed-loop system on March 1 at its plant in the Zhangjiang district. The company said production is running at fairly normal levels in the sealed plant. Shanghai officials on April 15 prepared a “white list” of 666 enterprises that would be allowed to resume operation during the lockdown using closed-loop management systems. About 70 percent of the companies on the white list have reportedly taken the city’s offer. SMIC is one of the largest and most important companies on the list since it is key to achieving China’s goal of self-sufficiency in computer chip supply. Another is Elon Musk’s Tesla electric car company, which has a huge “gigafactory” in Shanghai. Supply chains across China and around the world are imperiled...
    Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips. Intel CEO Pat Gelsinger said Tuesday that acquiring Tower will help expand Intel’s newly formed “foundry” business that makes microprocessors for other firms. Intel will “benefit from decades of experience that Tower brings in how to run a global foundry,” Gelsinger said on an investor call about the deal. Tower, based in Migdal Haemek, Israel, specializes in making analog chips used in cars, mobile devices and in industrial, medical and military sectors. The companies said it could take a year for the deal to close. It’s been approved by each company’s board of directors but will face scrutiny from government regulators and must be approved by Tower’s shareholders. Amid growing demand for semiconductors and an ongoing global chip shortage, Santa Clara-based Intel said the deal also will help expand its manufacturing capacity and global footprint. Many chipmakers have been seeking to diversify their supply chains to prevent the disruptions...
    (CNN)Ford (F) shares were down about 1% in trading Monday after the company announced it is suspending or slowing production at several of its North American factories this week due to short supplies of computer chips. Ford is stopping production at its Chicago Assembly plant, which builds Ford Explorer and Lincoln Aviator SUVs. Ford's Cuautitlan, Mexico assembly plant, which builds the Mustang Mach-E electric SUV, is also being shut down this week."The global semiconductor shortage continues to affect Ford's North American plants -- along with automakers and other industries around the world," Ford spokeswoman Kelli Felker said in an email.Some production is also being halted at other Ford factories, including Ford F-150 production at the automaker's Kansas City Assembly Plant. Production of Transit vans will continue there, though, with the factory running on just one shift instead of the usual two. Ford's Dearborn Truck Plant, which builds F-150 pickups near the company's Michigan headquarters, will also run on just one shift this week. The Dearborn factory has normally been running three shifts.The Ford F-series line of trucks is the most...
                 Computer giant Intel Friday officially announced its intention to build a multi-billion dollar semiconductor factory in Ohio. “Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio,” a corporate press release said. “The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy. To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.” The announcement comes just a week after it was confirmed that a large semiconductor factory would be built in New Albany, part of Jersey Township. Gov. Mike DeWine (R) celebrated the announcement. “Today’s announcement is monumental news for the state of Ohio,” he said. “Intel’s new facilities will be transformative for our state, creating thousands of good-paying jobs in Ohio manufacturing strategically...
    Computer chip maker Intel will reportedly be investing $20 billion to develop a new chip manufacturing site in New Albany, Ohio. Intel CEO Pat Gelsinger told TIME in an interview that the chipmaker expects the location to become “the largest silicon manufacturing location on the planet,” adding that the plant could expand to 2,000 acres. Gelsinger said that the new site could become the “Silicon Heartland.” The Verge reports that chipmaker Intel will be spending $20 billion to construct a new chip manufacturing site in New Albany, Ohio, close to Columbus. The 1,000-acre manufacturing plant will contain two chip factories and will employ at least 3,000 people and “tens of thousands” more across suppliers and company partners. Construction of the facility is set to begin this year, with the site becoming fully operational in 2025. Intel CEO Pat Gelsinger told TIME in an interview that the chipmaker expects the location to become “the largest silicon manufacturing location on the planet,” adding that the plant could expand to 2,000 acres. Gelsinger said that the new site could become the “Silicon Heartland.” A close-up shows an Intel Nahuku...
    Korean tech giant Samsung recently announced that it plans to invest around $17 billion to build a semiconductor manufacturing facility in Taylor, Texas. The plant will be Samsung’s largest investment in the United States, and according to Gov. Greg Abbott, the “largest foreign direct investment in the state of Texas ever.” The Wall Street Journal reports that on Tuesday, Samsung announced plans to invest around $17 billion in a semiconductor manufacturing facility in Taylor, Texas. This marks the latest chip manufacturing commitment this year in the middle of a global chip shortage. Gov. Greg Abbott (R) called the plan “the largest foreign direct investment in the state of Texas ever,” speaking at a press conference with Samsung officials. David McNew/Getty Images Louie Mueller BBQ in Taylor, Texas (Krista/Flickr) Samsung stated that the factory would be the company’s largest U.S. investment and would primarily be used to produce high-end chips used in smartphones and other devices, likely employing 2,000 Texans in high-tech jobs. Construction for the facility is scheduled to start next year and the first chips should be made at the factory in...
    Seoul (CNN Business)Samsung is planning to build a $17 billion semiconductor manufacturing facility in Texas as part of efforts to tackle a global shortage of chips. Announcing its largest ever investment in the United States, the South Korean electronics giant said Tuesday that the factory would create 2,000 high-tech jobs directly, and thousands more in the local economy once it is in full operation. The facility is expected to begin operations in the second half of 2024"With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain," Kinam Kim, Vice Chairman and CEO of Samsung Electronics, said in a statement.The company said that it chose the city of Taylor in Texas for its new plant based on multiple factors, including its proximity to Samsung's current manufacturing site in Austin, the local semiconductor ecosystem, and government support. Tesla will move its headquarters to Texas, Elon Musk saysThe Taylor site will span more than 5 million square meters and is expected to serve as a...
    Semiconductors are seen on a circuit board.Justin Sullivan | Getty Images Samsung is planning to build a $17 billion semiconductor factory in Taylor near Austin, Texas, over the next three years as part of an effort to increase its manufacturing capacity and alleviate the global chip shortage. The South Korean tech giant announced the 5 million square meter facility Tuesday, a day after The Wall Street Journal broke the news. The factory will aim to help boost production of advanced logic semiconductors, which are used in phones and computers. Samsung said it expects building work to commence in the first half of 2022 and it hopes to have the site in operation by the second half of 2024. The total expected investment of $17 billion will be the largest investment Samsung has ever made in the U.S. The figure includes buildings, property improvements, machinery and equipment. Samsung began operations in the U.S. in 1978 and it employs over 20,000 people across the country. The latest investment will bring Samsung's total investment in the U.S. to more than $47 billion, the...
    AUSTIN, Texas (CBSDFW.COM/AP) – Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg Abbott said in announcing the project Tuesday, Nov. 23. READ MORE: Trusted Travel Programs - Which Should You Choose?Samsung said it will start building the Texas plant next year and hopes to begin operations in second half of 2024. The South Korean electronics giant chose the site based on a number of factors, including government incentives and the “readiness and stability” of local infrastructure, said Samsung Vice Chairman Kinam Kim, speaking alongside the Republican governor. The chip shortage has emerged as both a business obstacle and a serious U.S. national-security concern. Short supplies of semiconductors kicked off by COVID-era shutdowns have hampered production of new vehicles and electronic devices for more than a year. New questions of economic and national security are also at stake since many U.S. companies are dependent on...
    Samsung is planning to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. Texas Gov. Greg Abbott has scheduled a press conference Tuesday to make an economic announcement; he is expected to unveil the Samsung investment at that time, according to a person familiar with the plan who wasn’t authorized to speak about it publicly ahead of the official announcement. News of the Samsung announcement was reported earlier by the South Korean news agency Yonhap. The chip shortage has emerged as both a business obstacle and a serious national-security concern. Short supplies of semiconductors kicked off by COVID-era shutdowns have hampered production of new vehicles and electronic devices for more than a year. New questions of economic and national security are also at stake, since many U.S. companies are dependent on chips produced overseas, particularly in Taiwan. “It’s a concentration risk, a geopolitical risk” to be so reliant on Taiwan for much of the world’s chip production, said Nina Turner, an analyst at IDC. She...
    A huge Nissan factory in Smyrna, Tennessee, that employs 6,700 workers will close for two weeks starting Monday due to computer chip shortages brought on by a coronavirus outbreak in Malaysia, the automaker said Tuesday. The shutdown is among the longest at any U.S. auto plant of this size since the semiconductor shortage, which has hobbled auto production worldwide, started to hit late last year. Nissan said Tuesday that it ran short of chips due to a COVID-19 outbreak at a chip factory in Malaysia. It expects production to resume Aug. 30. The 6 million-square-foot Tennessee factory with 6,700 workers produces six Nissan models, including the Rogue small SUV, the company's top-selling U.S. vehicle. Analysts say the closure of such a large Nissan factory for two weeks is a sign that the semiconductor shortage may not be coming to an end late this year as many auto executives had hoped. America's microchip problem 13:14 Few U.S. factories have been down for two weeks in a row, and they usually are plants that make lower-volume, less-profitable vehicles, such as...
    DETROIT (AP) — Nissan says its huge factory in Smyrna, Tennessee, will close for two weeks starting Monday due to computer chip shortages brought on by a coronavirus outbreak in Malaysia. The shutdown is among the longest at any U.S. auto plant of this size since the semiconductor shortage, which has hobbled auto production worldwide, started to hit late last year. Nissan said Tuesday that it ran short of chips due to a COVID-19 outbreak at a chip factory in Malaysia. It expects production to resume Aug. 30. The 6 million-square-foot Tennessee factory employs 6,700 people and makes six Nissan models, including the Rogue small SUV, the company’s top-selling U.S. vehicle. Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    In this article XPEV LI NIO Employees make checks at an inspection line during a media tour of the Nio Inc. production facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Chinese electric car start-up Nio said Friday it is shutting a factory for five days due to the global shortage in semiconductors. The production halt beginning March 29 will reduce Nio's first-quarter deliveries by at least 500 vehicles, the company said. That puts expected deliveries for the first three months of the year at 19,500, versus the previously announced forecast of 20,000 to 20,500. Even with the reduction, Nio is on track for more car deliveries to start 2021 than rivals Xpeng and Li Auto. Global automakers have announced production halts due to a shortage in semiconductors. The highly specialized supply chain for chips has suffered from the impact of the coronavirus pandemic and trade tensions between China and the U.S. that began under the Trump administration.VIDEO7:2907:29Why this company is called China's TeslaCNBC Explains
    By Stephen Nellis (Reuters) - Micron Technology Inc on Tuesday said it will put a chip factory in Lehi, Utah up for sale as it quits making a type of memory chip it jointly developed with Intel Corp nearly a decade ago. Lehi is Idaho-based Micron's only factory making what it calls 3D Xpoint memory, a form of memory chip that aimed to find a price-to-performance sweet spot between the two dominant forms of memory chip: DRAM, which is fast but pricey, and NAND, which is slower but cheaper. The factory will be sold in a transaction expected to close by the end of this year, company officials told Reuters. Micron introduced its first products https://www.reuters.com/article/us-micron-tech-idCAKBN1X32FE based on the technology in 2019 with a set of solid-state drives aimed at data center customers. Sumit Sadana, Micron's chief business officer, told Reuters in an interview that they received a tepid response from customers because they would have had to re-write large portions of their software to take advantage of the new type of memory. Low demand means Micron cannot scale up...
    FRANKFURT (Reuters) - German technology group Bosch said on Monday it would open an automotive chip factory in Dresden in June to build on its leadership in sensor chips that will boost the electric car industry. The 1 billion euro ($1.2 billion) plant will produce sensor chips to be installed in electric and hybrid electric vehicles. The chips help increase the range of electric vehicles. Bosch began testing the fully automated production of prototype chips, a step towards starting full-scale production at the end of the year, it said. The plant will not produce the kind of semiconductor chips now in short supply, causing disruptions to the global car industry. The factory, partly financed by the Free State of Saxony and federal government in Berlin, will employ 700 people. Plans for the plant were announced in 2017. The local and federal governments want to make Dresden a centre for semiconductor research and manufacturing. ($1 = 0.8409 euros) (Reporting by Ilona Wissenbach, writing by Vera Eckert; Editing by Edmund Blair) Copyright 2021 Thomson Reuters. Tags: European Union, Middle East, international trade,...
    Samsung is looking at four sites in three different US states where it could build a $17 billion computer chip plant, records show. The South Korean tech giant is considering two locations in Arizona and one in New York in addition to a site in Austin, Texas, where it’s seeking nearly $1.5 billion in tax breaks for the semiconductor facility, according to documents filed with Lone Star State officials. Samsung said it’s in “active negotiations” with the other three potential hosts, each of which have offered a combination of property tax abatements, grants or tax credits to support the “highly competitive” project. The company did not identify the cities it’s courting besides Austin. But The Wall Street Journal has reported that it’s eyeing a big industrial campus in Genesee County, New York, and two sites in the Phoenix area. “All three alternative sites have the necessary land and are capable of scaling up the required infrastructure within the requisite period of time to meet the project’s accelerated timetable,” Samsung said in a submission to the Texas state comptroller’s office...
    More On: samsung Samsung heir sentenced to prison again in bribery case Prosecutors seek 9-year prison term for Samsung chief Lee Jae-yong Samsung reportedly scrapping free charging bricks with new phones Apple falls to fourth place in global smartphone market Samsung is looking at four sites in three different US states where it could build a $17 billion computer chip plant, records show. The South Korean tech giant is considering two locations in Arizona and one in New York in addition to a site in Austin, Texas, where it’s seeking nearly $1.5 billion in tax breaks for the semiconductor facility, according to documents filed with Lone Star State officials. Samsung said it’s in “active negotiations” with the other three potential hosts, each of which have offered a combination of property tax abatements, grants or tax credits to support the “highly competitive” project. The company did not identify the cities it’s courting besides Austin. But The Wall Street Journal has reported that it’s eyeing a big industrial campus in Genesee County, New York, and two sites in the Phoenix area....
    By Stephen Nellis and Hyunjoo Jin (Reuters) - Analog Devices Inc is delaying the closure of a California chip factory as sales boom and supplies remain tight, the company's chief executive told Reuters after the company reported better-than-expected quarterly results. ADI previously said it would close its semiconductor factory in Milpitas, California, which makes chips for the automotive industry, sometime before the company's fiscal year ends in October. In December, ADI told California regulators the plant's 255 employees would be laid off by Feb. 19. But ADI Chief Executive Officer Vincent Roche on Wednesday said the plant will stay open longer due to tight supplies that could persist through October. "We'll likely keep that facility open a bit longer to be able to fill any gaps in supply," Roche said. "We're pretty much on track to go ahead with the closure by the end of the (fiscal) year." Automakers from General Motors Co to Honda Motor Co Ltd are battling chip shortages, which led to suspensions of factories, as consumer demand has snapped back unexpectedly quickly from the coronavirus crisis....
    A year into the pandemic, thousands of students still cant get reliable WiFi for school. The digital divide remains worse than ever. Key Democrat asks Trump to testify under oath for impeachment trial Chip Shortage Forces Ford to Cut Output of Cash-Cow F-150 Again (Bloomberg) -- Ford Motor Co. will cut production of its most profitable product, the F-150 pickup, next week at two U.S. factories because of a shortage of semiconductors. © Bloomberg Ford Motor Co. F-150 pickup trucks for sale at a Ford Motor Co. dealership in Colma, California, U.S., on Monday, Feb. 1, 2021. Ford Motor Co. is scheduled to release earnings figures on February 4. This is the second time Ford has reduced output of its best-selling model due to chip constraints that are roiling the global auto industry and could cost carmakers $61 billion this year. Ford is in the midst of launching a redesigned version of the truck that is critical to its finances. Load Error The automaker said Thursday it will slow its Dearborn assembly plant to one shift from three...
    TAIPEI, Taiwan (AP) — A Taiwanese maker of processor chips for Apple Inc. and other customers plans to invest $3.5 billion to set up a U.S. subsidiary amid American concern about relying too heavily on sources in Asia for high-tech components. Taiwan Semiconductor Manufacturing Co., the world’s biggest contract producer of semiconductors, said its board approved the plan Tuesday to set up the subsidiary in Arizona. It gave no details of what functions it will perform. U.S. officials worry their country relies too too heavily on factories in Taiwan, South Korea and China for semiconductor chips used in smartphones, medical equipment and other products. Those anxieties increased after the coronavirus pandemic disrupted global shipping. The Wall Street Journal reported in May that TSMC was talking with Apple, one of its biggest customers, about the possibility of building a U.S. factory. TSMC said then it was looking at possible locations for its first factory outside Taiwan and had talked to the U.S. Commerce Department but had no concrete plans. Last year, the U.S. Government Accountability Office said in a report that...
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