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May 23, 2022

Chip

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

Toyota warns profit to skid 20% as raw materials costs pile up

Reuters
A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares......

Kicking the China habit: South Korea hunts tungsten treasure

Reuters
S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts,......

U.S. Congress edges toward massive China competition bill, with Iran votes

Reuters
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 4 (Reuters) – The U.S. Congress edged closer on Wednesday toward completing......

Advanced Micro Devices CEO says the chip designer is gaining share. We say buy the stock

CNBC
CNBC – For more and to sign up click here “We believe we gained revenue share in our key markets,” AMD CEO Lisa Su told Jim Cramer after the chip designer’s first-quarter earnings. Source – Click here for more To Return to the Main Aggregate News Page – click here...

U.S. considers imposing sanctions on China’s Hikvision -FT

Reuters
Surveillance cameras are seen near the headquarters of Chinese video surveillance firm Hikvision in Hangzhou, Zhejiang province, China May 22, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – The United States is moving towards imposing sanctions on Chinese video surveillance company Hikvision (002415.SZ),......

Activist firm Elliott pushes Western Digital to split its businesses

Reuters
May 3 (Reuters) – Elliott Management on Tuesday disclosed it held a stake of nearly $1 billion in Western Digital and pushed the company to conduct a strategic review and split off its flash-memory business. New York-based Elliott, one of the world’s most prominent activist investors, argued in a letter......

Chip supply issues are still giving some of world’s biggest companies a major headache

CNBC
CNBC – For more and to sign up click here Apple CEO Tim Cook Brooks Kraft/Apple Inc/Handout via Reuters An ongoing shortage of chips and other basic materials is forcing some of the world’s biggest tech and automotive companies to scale back their targets this year. Apple CEO Tim Cook......

Intel CEO now expects chip shortage to last into 2024

CNBC
CNBC – For more and to sign up click here Intel CEO Pat Gelsinger told CNBC on Friday he now expects the semiconductor industry to suffer supply shortages until 2024. In an interview on “TechCheck,” Gelsinger said the global chip crunch may drag on due to constrained availability of key manufacturing......

Samsung Elec sees component shortages persisting in H2, solid server chip demand

Reuters
Reports record quarterly server chip sales in Q1 Smartphone market to continue to grow in H2 To increase portion of cutting-edge chip products SEOUL, April 28 (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Thursday it expects firm data centre demand for high-margin memory chips to continue in the......

Qualcomm revenue pops 41% driven by Android phone chip sales

CNBC
CNBC – For more and to sign up click here Qualcomm reported second-quarter earnings Wednesday, beating Wall Street expectations for sales and earnings, and driving the stock up over 4% in extended trading. Here’s how Qualcomm did versus Refinitiv consensus expectations: EPS: $3.21, adjusted, versus $2.91 expected, up 69% year-over-year......

Ukraine conflict, chip crisis dent Renault 1st quarter sales

Reuters
The logo of Renault is pictured at a dealership in Vertou, near Nantes, France, January 17, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, April 22 (Reuters) – Renault (RENA.PA), the Western carmaker most exposed to the Russian market, reported lower first-quarter revenues due to......

Mixed picture for Taiwan firms in COVID-hit China manufacturing hub

Reuters
TAIPEI, April 20 (Reuters) – Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning deliveries would be postponed until next month. China has put Shanghai under a tight lockdown since......

READ: Mark Meadows’ texts with Mike Lee and Chip Roy | CNN Politics

CNN
USA TODAY – For more and to sign up click here CNN  —  CNN has obtained text messages of separate conversations that then-White House chief of staff Mark Meadows had with Republican Sen. Mike Lee of Utah and Republican Rep. Chip Roy of Texas after the 2020 presidential election and......

Apple, others face shipment delays as China COVID curbs squeeze suppliers – analysts

Reuters
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, New York, U.S., March 18, 2022. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SHANGHAI/TAIPEI, April 15 (Reuters) –......

Stellantis CEO upbeat on U.S. as shareholders vote against pay package

Reuters
The logo of Stellantis is seen on a company’s building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register CEO sees North America sale to grow 3% this year Co confirms forecast for double digit margin in 2022 52.12% of......

We want to reduce our chip stock exposure including Nvidia — here’s our plan

CNBC
CNBC – For more and to sign up click here The Investing Club is adjusting its portfolio to respond to a more aggressive Fed, and lessening chip exposure is part of that pivot. Source – Click here for more To Return to the Main Aggregate News Page – click here...

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