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SEOUL (Reuters) - South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks fresh revenue to cover rising welfare costs, its finance ministry said on Monday.
(Reuters) -Two major chipmakers this week gave very different views of whether soaring demand for semiconductors will start to ease in the second half of the year, and it may take another round of earnings next week to settle the question.
Chipmakers from Taiwan to the US are cranking up production to address shortages that have hammered automakers and other customers as they try to emerge from the coronavirus pandemic.
BERLIN (Reuters) - BMW said on Tuesday nearly all its German plants were affected by an ongoing shortage of semiconductors that are currently preventing the luxury carmaker from completing around 10,000 cars.
As Tokyo again prepares to host the Games this week, Japan is in a technological funk. Its heyday of setting the pace in televisions, recording devices and computers is far behind it.
(Reuters) -Semiconductor manufacturer GlobalFoundries said on Monday it will build a second factory near its in Malta, New York, headquarters, and spend $1 billion to boost output to address the global chip shortage.
TAIPEI (Reuters) -Taiwan's TSMC posted record quarterly sales and forecast revenue for the current quarter will jump by at least a fifth, boosted by a pandemic-led surge in global demand for semiconductors that power smartphones, laptops and cars.
FRANKFURT (Reuters) - Volkswagen first-half operating profit is expected to come in at around 11 billion euros ($13 billion), it said on Friday, even surpassing pre-pandemic levels on the back of strong demand in Europe and the United States.
France's automobile industry continues to struggle as the global semiconductors shortage forces the industry to lower production.
There is plenty of scepticism surrounding the technology. While millimetre wave frequencies offer fast speeds and massive bandwidth, they don't travel very far.