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Semiconductors

Reuters | Equities.com |

SHANGHAI (Reuters) - U.S. curbs on Chinese tech firms amid the intensifying Sino-U.S. battle for tech supremacy are feeding an investment boom across China’s semiconductor industry, driving prices of both publicly traded and venture-backed companies into bubble territory. Investors have pushed the share prices of the country’s 45 listed chipmakers to over 100 times the companies’ earnings, making semiconductors the priciest sector in the stock market. ...


Reuters | Equities.com |

SAN FRANCISCO (Reuters) - Apple Inc on Monday will hold its annual conference for software developers, rolling out new features in its operating systems for iPhones and iPads and possibly signaling a departure from Intel Corp’s almost 15-year run supplying Mac computer processors. Apple’s Worldwide Developer Conference comes as paid services sold through the App Store have become central to the Cupertino, California, company’s revenue growth as consumers have slowed the g...


Reuters | Equities.com |

HSINCHU, Taiwan (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd prevent sales to the Chinese firm, the company’s chairman said on Tuesday. TSMC’s clients include Huawei’s chip division HiSilicon. However, the U.S. blacklisting of Huawei over security concerns and trade disputes with China has left the world’s biggest contract chipmaker exposed to diplomatic developments between two countries where it also has production bases. The company last month unveiled plans for a $12 billion plant in the United States just hours before the U.S. Commerce Department outlined a proposal to amend chip export rules - a move that would restrict TSMC’s sales to Huawei.


AP News | Equities.com |

Image: Five-day chart, S&P 500 Index. Source: Yahoo Finance By Alex Veiga and Damian J. TroiseStocks capped another wobbly day of trading on Wall Street with modest gains Friday, though the S&P 500 still ended with its biggest weekly loss in nearly two months.The benchmark index rose 0.4% after falling 1.3% earlier in the day as investors weighed more grim data showing how badly the coronavirus pandemic is crippling the economy.The government reported that U.S. retail sales sank a reco...


Reuters | Equities.com |

By Stephen Nellis and David Shepardson (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd, the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China. The plan, which will create over 1,600 jobs, comes as U.S. President Donald Trump steps up criticism of Chinese trade practices and Beijing’s handling of the novel coronavirus ahead of the Nov. 3 U....


Reuters | Equities.com |

By David Shepardson and Karen Freifeld WASHINGTON (Reuters) - The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China. The U.S. Commerce Department said it was amending an export rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.” Reuters first reported the news ahead of the departm...


Reuters | Equities.com |

(Reuters) - Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly results and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbreak.Shares of the company were up 5% in trading after the bell. The company forecast total revenue of between $4.4 billion and $5.2 billion for its third quarter. Analysts had estimated a revenue of $4.89 billion, according to IB...


Reuters | Equities.com |

Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it could not make a forecast for the full year because of economic uncertainty caused by the coronavirus pandemic. Intel’s shares fell 6% in extended trading, as executives tried to brace investors for the possibility that a short-term bump in demand for its processor chips from cloud computing centers and l...


Reuters | Equities.com |

The electric vehicle maker’s unconventional CEO has shown two sides in recent court proceedings — one polite and respectful, the other evasive and taunting.


Stephen L Kanaval | Equities.com |

The deal still needs approval from China’s State Administration for Market Regulation (SAMR) .