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November 30, 2021

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Micron, UMC to withdraw IP complaints against each other

Reuters
Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis Register now for FREE unlimited access to reuters.com Register Nov 25 (Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) and Taiwanese peer United Microelectronics Corp (UMC)......

Wall Street ends higher; Nvidia surge offsets Nordstrom, Gap slide

Reuters
Nordstrom, Gap tumble on weak earnings Core PCE index rises in October Real estate leads among S&P 500 sectors Nov 24 (Reuters) – Wall Street ended higher on Wednesday, lifted by gains in Nvidia and other tech stocks, while Gap and Nordstrom shares tumbled following weak quarterly reports. Nordstrom (JWN.N)......

EXCLUSIVE U.S.-China tech war clouds SK Hynix’s plans for a key chip factory

Reuters
The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji SEOUL, Nov 18 (Reuters) – Plans by Korea’s SK Hynix (000660.KS) to overhaul a huge facility in China so it can make memory chips more efficiently are in jeopardy, sources familiar......

Qualcomm forecasts post-Apple sales growth; shares rise

Reuters
A woman walks past a counter displaying mobile phones at the Qualcomm booth during the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2021. REUTERS/Florence Lo Nov 16 (Reuters) – Qualcomm Inc (QCOM.O) said on Tuesday it expects chip sales to Apple Inc (AAPL.O)......

Toshiba plans to split into three firms, shareholder reaction in focus

Reuters
The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon TOKYO, Nov 12 (Reuters) – Japan’s Toshiba Corp (6502.T) outlined plans on Friday to break up into three independent companies by spinning off two core businesses – its energy and infrastructure......

S&P 500, Nasdaq rise on chipmaker boost; Disney weighs on Dow

Reuters
Slowing subscriber growth slams Disney shares Rivian continues rise a day after market debut Nvidia gains on Susquehanna PT hike Dow down 0.14%, S&P up 0.28%, Nasdaq rises 0.84% Nov 11 (Reuters) – The S&P 500 and Nasdaq rebounded from two days of declines on Thursday as beaten-down chipmakers led......

Infineon sees chip shortage extending into 2022 as quarterly revenue beats

Reuters
The logo of semiconductor manufacturer Infineon is seen in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner Forecasts Q1 rev 3 bln euros vs estimate 2.93 bln euros Supply to lag demand in 2022 – CEO Shares up 2% STOCKHOLM, Nov 10 (Reuters) – German chipmaker Infineon (IFXGn.DE) expects the global......

TSMC, Sony to invest $7 bln for new Japanese chip plant

Reuters
TOKYO, Nov 9 (Reuters) – Taiwan Semiconductor Manufacturing Co (2330.TW) (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group (6758.T), a move that was welcomed by the Japanese government. Sony will invest about $500 million in the factory, it said separately. Construction......

AMD lands Meta as customer and takes on Nvidia, sending shares up 11%

Reuters
Nov 8 (Reuters) – Advanced Micro Devices Inc (AMD.O) on Monday said it has won Meta Platforms Inc (FB.O) as a data center chip customer, sending AMD shares up more than 11%as it cemented some of its gains against Intel Corp (INTC.O). It also announced a range of new chips......

Japan to create scheme to subsidise domestic chip output – Nikkei

Reuters
Japanese chipmaker Renesas Electronics Corp’s microcontroller is pictured at the company headquarters in Tokyo May 28, 2012. REUTERS/Yuriko Nakao TOKYO, Nov 8 (Reuters) – Japan will create a scheme to subsidise construction of domestic chip factories with a new plant planned by Taiwan’s TSMC (2330.TW) likely to be the first......

Japan to create scheme to subsidise domestic chip output – Nikkei

Reuters
Japanese chipmaker Renesas Electronics Corp’s microcontroller is pictured at the company headquarters in Tokyo May 28, 2012. REUTERS/Yuriko Nakao TOKYO, Nov 8 (Reuters) – Japan will create a scheme to subsidise construction of domestic chip factories with a new plant planned by Taiwan’s TSMC (2330.TW) likely to be the first......

Qualcomm forecast beats estimates as diversification efforts pay off

Reuters
Qualcomm logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Nov 3 (Reuters) – Qualcomm Inc (QCOM.O) on Wednesday forecast better-than-expected profits and revenue for its current quarter on soaring demand for chips used in phones, cars and other internet-connected devices. The......

Who’s building the metaverse? | Reuters

Reuters
Nov 1 (Reuters) – Facebook (FB.O) changed its name last week to Meta Platforms Inc to signal its focus on the metaverse, which it thinks will be the successor to the mobile internet. The metaverse broadly refers to the idea of a shared virtual platform that people can access through......

European shares end flat, but add nearly 5% in October on strong earnings

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 23, 2020. REUTERS/Staff STOXX 600 marks best month since March Rising yields help financials, hurt dividend stocks Daimler inches up on higher Q3 profit Oct 29 (Reuters) – European equities ended flat on......

S&P 500 hits record high on tech strength, earnings cheer

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021. REUTERS/Brendan McDermid GE rises on lifting 2021 earnings forecast UPS tops S&P 500 as results beat on e-commerce demand Indexes up: Dow 0.35%, S&P 0.54%, Nasdaq 0.62% Oct 26 (Reuters)......

SK Hynix sees rising demand for chips as quarterly profit surges

Reuters
The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji SEOUL, Oct 26 (Reuters) – SK Hynix (000660.KS) forecast steady growth in demand for memory chips on Tuesday as it posted its highest quarterly operating profit since 2018 on the back......

Strong quake shakes Taiwan, no damage reported

Reuters
TAIPEI, Oct 24 (Reuters) – Buildings shook in Taipei on Sunday as an earthquake of magnitude 6.5 struck northeastern Taiwan, but there were no reports of damage. It had a depth of 66.8 km (41.5 miles), and could be felt across the northern, eastern and western parts of Taiwan, with......

Wall St Week Ahead Tech giants’ earnings may be another test for markets at new highs

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo NEW YORK, Oct 22 (Reuters) – Investors are homing in on a flood of earnings reports from Wall Street’s tech and Internet giants, as the high-growth......

Nasdaq set for lower open after Intel’s margin warning

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid Snap tumbles on Apple tweak, drags social media giants AmEx rises on profit beat Futures: Nasdaq down 0.19%, Dow up 0.17%, S&P up 0.07%, Oct 22 (Reuters) –......

Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......

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