Mackenzie Hawkins
@mackhawk.bsky.social
I cover tech/geopolitics for @bloomberg.com & mostly write about chips. mhawkins71@bloomberg.net/mackhawk.71 on Signal
in recent weeks, we'd heard that companies making drones for the war in Ukraine had seen supplies capped or cut off. next big escalation in trade war. here's the story (w/ @mackhawk.bsky.social, @gmvolpi.bsky.social & others)🎁link
China Is Cutting Off Drone Supplies Critical to Ukraine War Effort
China’s escalating conflict with the US over trade is now extending to the drones that have become a vital part of Ukraine’s defense.
bloomberg.com
China imposed new export controls on the US for critical minerals. Will they be effective? We're skeptical. Read the full piece on the Terminal. blinks.bloomberg.com/news/stories...
Microchip CEO Sanghi’s remarks about pausing the company’s Chips Act application speak to one of the key challenges of semiconductor industrial policy Government officials have to make long-term bets in an industry that’s intensely cyclical:
Mackenzie Hawkins@mackhawk.bsky.social · 2y agoMicrochip has paused its Chips Act application process, the CEO said Tuesday, confirming our earlier reporting The company was in line for $162m. It’s struggling with too much inventory & said Monday it’ll shutter a plant in Arizona www.bloomberg.com/news/article...
Microchip has paused its Chips Act application process, the CEO said Tuesday, confirming our earlier reporting The company was in line for $162m. It’s struggling with too much inventory & said Monday it’ll shutter a plant in Arizona www.bloomberg.com/news/article...
Microchip Pauses Chips Act Application After Scaling Back Plans
Microchip Technology Inc. is pausing its application for US semiconductor subsidies, people familiar with the matter said, making it the first known company to step back from a program designed to rev...
bloomberg.com
In response to new US chip curbs: - Beijing banned exports to US of gallium, germanium, antimony & superhard materials; will place tighter controls on graphite - Chinese internet, semiconductor & auto industry groups urged caution when buying US chips www.bloomberg.com/news/article...
China Targets Critical Metals in Tit-for-Tat Response to US
China announced an outright ban on exports of several materials with high-tech and military applications, in a tit-for-tat move after US President Joe Biden’s government escalated technology curbs on ...
bloomberg.com
Intel CEO Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry Via my colleagues Ian King, Liana Baker & Ryan Gould www.bloomberg.com/news/article...
Intel CEO Forced Out After Board Grew Frustrated With Progress
Intel Corp. Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the techn...
bloomberg.com
Japan is spending another $9.9 billion in chips and AI to keep pace with China and the US on technologies policymakers see as key to national security www.bloomberg.com/news/article...
Japan Earmarks Extra $9.9 Billion for Chips and AI This Year
Japan is allocating another ¥1.5 trillion ($9.9 billion) to boost its chip and artificial intelligence endeavors including moonshot foundry project Rapidus Corp.
bloomberg.com
Biden admin plans to unveil new chip export controls on China as soon as next week, as WIRED first reported (though timing has slid before & could slide again) Latest draft — not yet final — includes fewer Huawei supplier sanctions than earlier proposals www.bloomberg.com/news/article...
US Preps China Chip Curbs That Stop Short of Early Proposals
The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short o...
bloomberg.com
South Korea is eyeing $10.2 billion in support for domestic chipmakers next year www.bloomberg.com/news/article...
South Korea Eyes $10 Billion in Support for Chipmakers in 2025
South Korea plans to bolster its fiscal support for domestic chipmakers next year, shoring up an industry that may face unfavorable policies from the incoming Trump administration and more intense cha...
bloomberg.com
Intel has reached a final deal for a nearly $7.9b Chips Act grant & will get at least $1b of that this year The award is smaller than what was proposed in March (not bc of Intel’s financial woes, but rather bc of a military chips deal) Free link &🧵: 1/ www.bloomberg.com/news/article...
Intel Gets $7.9 Billion Chips Award for US Factory Expansion
The Biden administration has finalized a deal to give Intel Corp. nearly $7.9 billion in federal grants, the largest direct subsidy from a program to boost domestic semiconductor manufacturing.
bloomberg.com