Warren Buffett’s Berkshire Hathaway purchased a $4.1bn stake in chipmaker Taiwan Semiconductor Manufacturing Company in the third quarter, vaulting a third tech company into the sprawling industrial conglomerate’s top stock holdings. The purchase of 60mn US-listed shares of TSMC, disclosed with US securities regulators on Monday, marked Berkshire’s largest new stock investment during the three … Read more
(Bloomberg) — GlobalFoundries Inc., the biggest US-based provider of made-to-order semiconductors, is beginning job cuts and has enacted a hiring freeze. Most Read from Bloomberg The company Friday informed its employees of the impending workforce reductions, without disclosing when exactly they would occur or which divisions would be affected. The chipmaker said Tuesday during an … Read more
Article content TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to $8.8 billion amid surging demand. Article content Quarterly revenue rose 47.9% over a year ago to $19.2 billion, the company … Read more
Japan -2.70%. Japan’s current account surplus for August shrank to 58.9 billion yen ($404 million), data from the finance ministry showed. That’s a 96.1% plunge from the same period a year ago. China -0.09%. Hong Kong -2.03%. Australia -0.34%. Australia September business confidence 5 (vs. prior 10). Australian monthly consumer confidence index falls in October, … Read more
(Bloomberg) — Chip-related stocks in Japan, South Korea and Taiwan slumped as a move by the Biden administration to curb China’s access to US semiconductor technology sparked a selloff that has wiped out more than $240 billion from the sector’s market value globally. Taiwan Semiconductor Manufacturing Co. plunged more than 7%, the most since May … Read more
Live news updates: Asian shares rise on back of bullish chipmaker sales Source link
Rising geopolitical tension, high inflation and a cyclical downturn in chip demand have triggered “some panic” in the chip industry, the chief of China’s largest semiconductor maker has warned, in comments that follow a week of Chinese military exercises near Taiwan. The overlap of factors that include the threat of “regional conflict overseas” had “brought … Read more
Taiwan, the world’s largest contract electronics maker, has become increasingly cautious about China’s ambition to boost its semiconductor sector Taiwan, the world’s largest contract electronics maker, has become increasingly cautious about China’s ambition to boost its semiconductor sector Taiwan’s national security officials want to persuade Apple Inc’s supplier Foxconn to unwind an $800 million investment … Read more
Taiwanese national security officials want to force Apple supplier Foxconn to unwind an $800mn investment in Chinese chip company Tsinghua Unigroup, as Taipei seeks to align itself more closely with the US in the face of escalating threats from Beijing. The investment by Foxconn, the world’s largest contract electronics manufacturer and the biggest private-sector employer … Read more
SMIC’s breakthrough puts the company’s semiconductors in the same league as Samsung and Taiwan’s TSMC Semiconductor Manufacturing International Corp (SMIC), China’s top chip manufacturer, has quietly produced chips to the highest Western standards, despite US sanctions specifically aimed at hampering its development of such technology, according to a report confirmed by Bloomberg on Thursday. The … Read more