Chip shortages drive expansion

Chip shortages drive expansion

Samsung considers four sites in U.S. for $17 billion chip plant.

  • #Samsung Electronics is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials.
  • Over the past decade, #Bitcoin has put increased stress on the grid of China’s Inner Mongolia. Now, officials have announced plans to ban new #cryptocurrency mining ventures and end existing activity.
  • China powered its way out of the coronavirus lockdown of 2020, becoming the only major economy in the world to grow last year, and its share of global output increased at the fastest pace in decades.

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