Chips

Berkshire’s Taiwan Semi buy, Qualcomm order cut are positives, but chips still have issues

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Chip Somodevilla Berkshire Hathaway’s recently announced stake in Taiwan Semiconductor (NYSE:TSM), along with Qualcomm’s (NASDAQ:QCOM) order cut at China’s Semiconductor Manufacturing International Corporation, have both been largely seen as “positives” for the semiconductor industry. However, according to Fubon Research the chip sector is not out of the woods yet. Analyst Sherman Shang noted that the … Read more

Apple Prepares to Get Made-in-US Chips in Pivot From Asia

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(Bloomberg) — Apple Inc. is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing the company’s reliance on Asian production. Most Read from Bloomberg Chief Executive Officer Tim Cook made the disclosure during an internal meeting in Germany with local engineering and retail … Read more

Japan to invest $500 mln to manufacture advanced chips

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Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Tim Kelly and Elaine Lies Article content TOKYO — Japan said on Friday it will invest an initial 70 billion yen ($500 million) in a new semiconductor venture led by tech firms including Sony Group Corp and NEC Corp as it rushes to … Read more

BofA reiterates buy on KLA, Applied Materials, Lam Research as CHIPS Act helps optimism

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PhonlamaiPhoto KLA Corp. (NASDAQ:KLAC), Applied Materials (NASDAQ:AMAT) and Lam Research (NASDAQ:LRCX) rose on Monday as Bank of America reiterated its buy rating on the semiconductor equipment companies, noting optimism from Lam Research’s recent report and optimism surrounding the CHIPS Act. Analyst Vivek Arya noted that even with risks relating to the export controls to China … Read more

Qualcomm CEO explains why the chips story is ‘probably as good as it gets’

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Semiconductor stocks have had a rough few months, and Deutsche Bank recently released a report projecting that this earning season could reveal more signs of weakness. Qualcomm (QCOM) CEO Cristiano Amon continues to project optimism about where demand for chips is headed — at least, long-term. He contends that the chip shortage that began at … Read more

China’s Underground Market for Chips Draws Desperate Automakers

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(Bloomberg) — In her two-bedroom apartment on the outskirts of Chinese tech hub Shenzhen, Wang woke to a deluge of messages. One read: “SPC5744PFK1AMLQ9, 300 pc, 21+. Any need?” Most Read from Bloomberg Within minutes, the 32-year-old was at her computer in the living room, hurriedly clearing away empty packets of instant noodles and pulling … Read more

Kazakhstan ‘chips away’ at its reliance on Russia

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As Russians fearing conscription fled to the country’s borders Kazakh president Kassym-Jomart Tokayev welcomed more than 200,000 of them, sympathising with their “hopeless” plight. “We must take care of them and ensure their safety. This is a political and humanitarian issue,” said Tokayev late last month after President Vladimir Putin’s mobilisation bill sparked the exodus. … Read more

U.S. scrambles to prevent export curbs on China chips from disrupting supply chain

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Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Jane Lanhee Lee and Karen Freifeld and Alexandra Alper Article content OAKLAND — The U.S. is scrambling to tackle unintended consequences of its new export curbs on China’s chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter … Read more