UMC starts mass production in Singapore; Citi sees improving outlook

Commercial buildings illuminated at dusk in Singapore, on Monday, Feb. 2, 2026. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Taiwan’s second-largest contract chipmaker, United Microelectronics Corporation (UMC), announced Tuesday its first mass-produced silicon photonics wafers manufactured within its Singapore facility. UMC is aiming to address the growing demand for high-speed…

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AI is changing older workers’ careers, research finds

Franckreporter | E+ | Getty Images Artificial intelligence has prompted concerns that workers — particularly young professionals — could be replaced by advancing technology. Yet signs are emerging that older workers are also affected, according to a new paper from the Center for Retirement Research at Boston College. Workers aged 55-plus in AI-exposed industries are…

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