Dutch chip manufacturer STMicroelectronics plans to invest €730M to build a chip materials plant in Italy to create a self-reliant supply chain amid shortages (Lauly Li/Financial Times)

Wall Street Journal:
Sources: TSMC plans to announce a second chipmaking factory north of Phoenix, Arizona, in the coming months, investing roughly $12B and aiming to make 3nm chips  —  New facility would produce cutting edge 3-nanometer semiconductors  —  Taiwan Semiconductor Manufacturing Co. …

Dina Bass / Bloomberg:
Microsoft unveils Supply Chain Center software in preview to help customers track supply chains by combining data from its own programs plus Oracle and others  —  Microsoft Corp. unveiled software that will help customers track and coordinate supply-chain systems by combining data …

Reuters:
Hua Hong Semiconductor, China’s second-largest chipmaker, receives approval for a ~$2.5B Shanghai IPO and plans to use the funds to build a plant in Wuxi, China  —  Chinese chip manufacturer Hua Hong Semiconductor Ltd (1347.HK) has received regulatory approval for an 18 billion yuan …

Reuters:
Japan plans to invest up to $500M in a new semiconductor company led by Japanese firms including Sony and NEC that aims to start manufacturing by the late 2020s  —  Japan said on Friday it will invest up to 70 billion yen ($500 million) in a new semiconductor company led …

Wall Street Journal:
A look at Apple’s efforts to reduce dependence on Foxconn; sources: Apple wants other suppliers in China, Vietnam, and India to actively plan product assembly  —  Burned by Covid lockdowns and worker protests at Foxconn plants, the iPhone maker is looking to diversify the supply chain that has powered its growth

Kyle Wiggers / TechCrunch:
Altana, which uses AI to find supply chain anomalies and identify potential risks and bad actors, raised a $100M Series B, bringing its total funding to $123M  —  Trade wars, military conflicts, the rise of e-commerce and sustainability concerns are driving changes to supply chain networks and trade flows.