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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)......

Samsung Elec picks Taylor, Texas as new $17 bln U.S. chip plant site

Reuters
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji/Files Register now for FREE unlimited access to reuters.com Register SEOUL, Nov 24 (Reuters) – South Korean tech giant Samsung Electronics Co Ltd (005930.KS) said on Wednesday it had picked Taylor,......

Applied Materials sales forecast misses estimates on supply chain woes

Reuters
Nov 18 (Reuters) – Applied Materials Inc (AMAT.O) forecast first-quarter sales and profit below market estimates on Thursday, as chip shortages slowed the supply chain of the world’s biggest maker of tools for making chips. The forecast sent its shares down nearly 6.7% in extended trading. Applied, which makes machines......

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)......

China Telecom U.S. unit asks court to block U.S. FCC action

Reuters
Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and......

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......

Biden signs legislation to tighten U.S. restrictions on Huawei, ZTE

Reuters
WASHINGTON, Nov 11 (Reuters) – U.S. President Joe Biden on Thursday signed legislation to prevent companies like Huawei Technologies Co (HWT.UL) or ZTE Corp (000063.SZ)that are deemed security threats from receiving new equipment licenses from U.S. regulators. The Secure Equipment Act, the latest effort by the U.S. government to crack......

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......

Chinese auto giant Geely launches electric truck, its rival to Tesla’s Semi

CNBC
CNBC – For more and to sign up click here Geely’s commercial vehicle unit Farizon Auto, launched a new energy semi-truck in Shanghai on Nov. 8. The company is aiming for production and rollout of the vehicle in 2024. Geely SHANGHAI — China’s Geely on Monday launched a new electric......

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......

America Movil, Telefonica, Telecom Italia win bids in Brazil’s 5G auction

Reuters
SAO PAULO, Nov 4 (Reuters) – Local units of America Movil, Telefonica and Telecom Italia won their bids for the 3.5 GHz spectrum band dedicated to fifth-generation (5G) wireless technology on Thursday in Brazil’s largest-ever cellular auction. Claro, owned by Mexican billionaire Carlos Slim’s America Movil SAB de CV (AMXL.MX),......

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......

Apple cuts iPad production to feed chips to iPhone 13 -Nikkei

Reuters
Apple’s iPhone 13 models are pictured at an Apple Store on the day the new Apple iPhone 13 series goes on sale, in Beijing, China September 24, 2021. REUTERS/Carlos Garcia Rawlins Nov 2 (Reuters) – Apple Inc (AAPL.O) has cut back production of iPad tablets to allocate more components to......

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......

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