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☆ Buy these stocks that Oppenheimer sees having upside potential
▼ + stars: | 2024-02-22 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Oppenheimer has refreshed its monthly list of top stocks to include several new tech names. With this in mind, analysts Oppenheimer refreshed its list of top picks in the market. New additions to the list include NXP Semiconductors , CyberArk Software , AppLovin and Expedia . Take a look at some of the other names on the list below, and where Oppenheimer analysts see them going forward. CYBR YTD mountain CyberArk Software shares Athleisure company Lululemon is another one of Oppenheimer's favorite picks.

Persons: Oppenheimer, NXP, Rick Schafer, Ittai Kidron, Brian Nagel, Nagel, LULU, CNBC's Michael Bloom Organizations: Semiconductors, CyberArk, Software Locations: Netherlands

The U.S. Court of Appeals for the Federal Circuit reversed the jury's 2021 verdict that Intel infringed one VLSI patent, and sent the case back to Texas for a new trial to determine how much Intel owes for infringing a second VLSI patent. A Waco, Texas jury awarded VLSI $2.18 billion in the first trial from the dispute. The jury found that technology in Intel microprocessors infringed patents that VLSI had acquired from Dutch chipmaker NXP Semiconductors (NXPI.O). Intel defeated VLSI's bid for more than $3 billion in damages in another Waco jury trial later in 2021. A separate jury in Austin, Texas said that VLSI was entitled to nearly $949 million from Intel in a third patent case last year.

Persons: Florence, VLSI's, Blake Brittain, David Bario, Chizu Nomiyama, Sharon Singleton Organizations: Intel, China International, Chain, REUTERS, Monday, Technology, Intel Corp, U.S, Appeals, Federal Circuit, Fortress Investment, Thomson Locations: Beijing, China, Texas, Waco , Texas, Waco, Austin , Texas, Delaware, Northern California, Washington

☆ European "photonics" chip companies call for $4.5 bln in EU funding
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/4] The logo of Smart Photonics is seen at their headquarters in Eindhoven, Netherlands, November 7, 2023. "Currently, the EU has a vibrant and growing integrated photonics industry, however, without volume manufacturing, testing and packaging capacity we are incredibly vulnerable to global events and the policies of competitor countries," Johan Veenstra, CEO of SMART Photonics, said at the summit. Currently most photonics chips, like most chips, are made in Asia, with important intellectual property in the U.S. The statement said low levels of European manufacturing and over-reliance on Asia in manufacturing and packaging, "threatens the EU's economic security and resilience". The statement was signed by Germany's XFAB and Aixtron, the Netherlands' SMART Photonics and Phix Photonics Assembly, VLC Photonics of Spain, France's Almae, and Switzerland's Ligentec, as well as PhotonDelta, a public-private partnership in the Netherlands devoted to funding photonics.

Persons: de Wouw, Johan Veenstra, chipmaker, VDL, Germany's XFAB, France's Almae, Switzerland's, Toby Sterling, David Evans Organizations: Smart Photonics, REUTERS, Rights, European Union, EU, SMART Photonics, photonics, SMART, U.S, Phix Photonics Assembly, Photonics, Thomson Locations: Eindhoven, Netherlands, Asia, United States, Spain

☆ Chipmaker NXP forecasts profit above estimates on resilient auto, industrial
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Steve Marcus/File Photo Acquire Licensing RightsNov 6 (Reuters) - Chipmaker NXP Semiconductors (NXPI.O) forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets. NXP in September said automotive demand was "pretty good" across all its markets, including China, which contributes about 30% to the chipmaker's total revenue. However, NXP CEO Kurt Sievers said the company's communication infrastructure business performed "slightly below expectations" in the third quarter. The company forecast adjusted current quarter revenue in the range of $3.30 billion and $3.50 billion, compared to analysts' estimate of $3.43 billion, per LSEG data. Revenue in the third quarter was $3.43 billion, compared with estimates of $3.40 billion.

Persons: Steve Marcus, Kurt Sievers, NXP, Chavi Mehta, Krishna Chandra Organizations: Semiconductors, Electronics, Las Vegas Convention, REUTERS, Wall, NXP, Apple, Revenue, Nasdaq, Thomson Locations: Las Vegas , Nevada, U.S, China, Eindhoven, Netherlands, Bengaluru

☆ On Semiconductor forecasts robust Q3 revenue on silicon carbide strength
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

July 31 (Reuters) - Chipmaker ON Semiconductor Corp (ON.O) on Monday forecast third-quarter revenue above market estimates, on optimism that strong demand from the automotive sector will offset broader weakness in the semiconductor industry. Automotive chipmaker NXP last week forecast a strong third-quarter revenue and profit, exuding confidence over a steady automotive demand. Onsemi, which makes sensors and supplies chips to companies like Volkswagen (VOWG_p.DE), expects revenue between $2.10 billion to $2.20 billion in the third quarter. For the second quarter ended June 30, the company's revenue rose to $2.09 billion, ahead of analysts' expectations of $2.02 billion. The revenue was boosted by Onsemi's power solutions group, which provides power management chips, making up about 53% of total quarterly revenue.

Persons: Onsemi, Hassane El, Khoury, Zaheer Kachwala, Shailesh Organizations: ON Semiconductor Corp, NXP Semiconductors, chipmaker NXP, Volkswagen, Thomson Locations: Arizona, Bengaluru

☆ NXP forecasts third quarter above estimates on steady automotive demand
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

Growing electrification of cars and the use of advanced driver-assistance systems have kept demand for automotive chips steady, helping NXP, which made over half of its revenue from that sector last year. Revenue in those segments rose in the second quarter on a sequential basis. On an adjusted basis, the company forecast current-quarter revenue in the range of $3.30 billion to $3.50 billion, compared to analysts’ estimates of $3.31 billion, per Refinitiv data. Revenue in the quarter ended July 2 was $3.30 billion, compared to estimates of $3.21 billion. Excluding items, NXP earned $3.43 per share, beating estimates of $3.29.

Persons: ”, Kurt Sievers, NXP, Chavi Mehta, Pooja Desai Organizations: Wall, Nasdaq, Revenue, Thomson Locations: Eindhoven, Netherlands, United States, China, Bengaluru

☆ Dutch light chips company Smart Photonics gets $110 mln in debt funding
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 12 (Reuters) - Smart Photonics, a Dutch company targeting the market for photonic computer chips, said on Wednesday it has received 100 million euros ($110 million) in debt funding. The money includes 60 million euros from a Dutch government fund and 40 million from industry players including chip equipment giant ASML and chipmaker NXP, both based in the Netherlands. Photonic chips use particles of light to complete circuits and transmit information, rather than the electrons used in computer chips and electronics. "With this new round of funding, SMART Photonics will be able to strengthen its role as the leading manufacturer of next generation chips in a growing, resilient European photonic value chain," it said in a statement. Smart Photonics is seeking to become a foundry, or contract manufacturer of photonic chips for companies that design but do not manufacture such chips.

Persons: chipmaker NXP, VDL, Toby Sterling, Louise Heavens Organizations: Smart Photonics, SMART Photonics, Thomson Locations: AMSTERDAM, Dutch, Netherlands

VW, which relies on gallium and germanium for automotive products, said it was "ready to take measures together with its partners if necessary" but did not elaborate. The metals will play a role in future autonomous driving functions, a spokesperson for the German automaker said. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices, as well as satellite imagery sensors. But if prices rise as restrictions take hold companies would have another reason to shift supply chains. NXP makes some chips for the auto and communications sectors using gallium or germanium.

Persons: Yellen, Janet Yellen, Alastair Neill, Imelda Medina, Liao Chien, Taiwan's TSMC, chipmaker, NXP, Josephine Mason, Matt Scuffham, Catherine Evans Organizations: VW, WIN, Treasury, Beijing Pentagon, Volkswagen, U.S, Critical Minerals, U.S . Defense Department, REUTERS, Capital Securities Corp, WIN Semiconductors, Reuters, Apple, Nvidia, Thomson Locations: Beijing, TAIPEI, China, Puebla, Mexico, Germany, Japan, Taiwan

☆ Factbox-Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/IllustrationFollowing are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. * Dowa Holdings, the world’s top producer of high-purity gallium used in products such as wafers and LEDs, said it was investigating the situation. * A spokesperson for Fujitsu said the company “is currently not active in the semiconductor business, so we are not directly impacted by the export regulations. * Microchip Technology said its initial assessment is that there will not be a material impact. * Stellantis Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to “decouple” from China.

Persons: Florence Lo, chipmaker, Carlos Tavares, ” Tavares Organizations: Reuters, REUTERS, Semiconductor, Association of Japan, Dowa Holdings, Fujitsu, Nichia, Sumitomo Chemical, Nasdaq, Semiconductors, Technology, Intel, Infineon, European Union, Navitas Semiconductor Corp Locations: China, United States, U.S

☆ China's chipmaking export curbs 'just a start', Beijing adviser warns before Yellen visit
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +6 min

Shares in some Chinese metals companies rallied for a second session as investors bet that higher prices for gallium and germanium, which Beijing's export restrictions target, could boost revenues. China is the world's biggest producer of rare earths, a group of metals used in EVs and military equipment. Asked about the metals export curbs, Chinese foreign ministry spokesman Wang Wenbin said on Wednesday the government's actions were reasonable and lawful. WARNING SHOTSome larger chip manufacturers view China's export controls on gallium as more of a warning shot about what economic pain the country could inflict. China's germanium ingot was priced at 9,150 yuan per kg on Tuesday, also flat on the day and on the week, Refinitiv data showed.

Persons: Janet Yellen, Wei Jianguo, Wei, Yellen, Biden, China's, Wang Wenbin, Wang, Gecamines, Belgium's Umicore, Xi Jinping, Eikon, Brenda Goh, Amy Lv, Tian, Nick Carey, Muralikumar Anantharaman, Jacqueline Wong, Catherine Evans Organizations: Treasury, Thursday Analysts, Washington, Commerce, China Daily, China Center for International Economic, Independence, Analysts, Micron, Global Times, Union, Benchmark Mineral Intelligence, AMS, Democratic, Shanghai Cooperation Organisation, Shanghai Metal Exchange, Beijing, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, U.S, Japan, Netherlands, United States, Swiss, Teck Resources, North, Democratic Republic of Congo, Russia, Washington, Yunnan, London

☆ Factbox: Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. The German automaker said gallium and germanium played a role in future autonomous driving functions. * Taiwan's TSMC (2330.TW), the world's largest contract chipmaker, said it did not expect any direct impact on its production but would continue monitoring the situation. * Microchip Technology (MCHP.O) said its initial assessment is that there will not be a material impact. * Stellantis (STLAM.MI) Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to "decouple" from China.

Persons: chipmaker, Carlos Tavares, Tavares, Catherine Evans, Josephine Mason Organizations: Volkswagen, Nasdaq, Intel, Infineon, European Union, Navitas Semiconductor Corp, Thomson Locations: China, United States

VW, which relies on gallium and germanium for automotive products, said it was "ready to take measures together with its partners if necessary" but did not elaborate. The metals will also play a role in future autonomous driving functions, a spokesperson for the German carmaker said. The export curbs are likely to further strain U.S.-China relations as the countries vie for dominance in semiconductor and defence technologies. But if prices rise as restrictions take hold companies would have another reason to shift supply chains. Chipmaker NXP Semiconductors (NXPI.O) sees no material impact on its business.

Persons: Imelda Medina, Yellen, Janet Yellen, carmaker, Liao Chien, Taiwan's TSMC, chipmaker, NXP, Josephine Mason, Catherine Evans Organizations: Volkswagen, REUTERS, VW, WIN, Treasury, Capital Securities Corp, WIN Semiconductors, Reuters, Apple, Nvidia, Thomson Locations: Puebla, Mexico, Beijing TAIWAN, China, Beijing, U.S, Germany, Japan, Taiwan

☆ Wingtech-owned Nexperia denied German subsidy
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, June 8 (Reuters) - Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany. A spokesperson for Nexperia, based in Nijmegen, Netherlands, and owned by China's Wingtech (600745.SS), said the company had not been given an explanation for the rejection. Dutch newspaper Het Financieele Dagblad initially reported the news, citing a European Commission document. Nexperia has had several plans for projects in Europe disrupted by government concerns in the past year over its Chinese ownership. Nexperia is the former Standard Products division of chipmaker NXP (NXPI.O), spun off in 2016 and acquired by Wingtech in 2018.

Persons: China's Wingtech, Nexperia, chipmaker, Toby Sterling, Leslie Adler, Mark Porter Organizations: European, British, Standard Products, Wingtech, Thomson Locations: AMSTERDAM, Netherlands, Germany, Nijmegen , Netherlands, Europe, Delft, Newport , Wales

Nov 15 (Reuters) - A federal jury in Texas on Tuesday said Intel Corp (INTC.O) must pay VLSI Technology LLC $948.8 million for infringing a VLSI patent for computer chips. Last March VLSI won a nearly $2.2 billion verdict from Intel in a separate Texas trial over different chip patents, which Intel has appealed. VLSI lost another related patent trial against Intel the following month. An attorney for VLSI said at trial that Intel's chips cause "millions and millions of infringements per second." Two other patent cases brought by VLSI against Intel are still pending in Northern California and Delaware.

☆ Foxconn electric vehicle alliance plans boxy three-seater
▼ + stars: | 2022-11-08 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

TAIPEI, Nov 8 (Reuters) - Foxconn-led (2317.TW) electric vehicle consortium MIH announced plans on Tuesday for its first car, a boxy single row three-seater which it hopes will be popular with one-child families in Asia. Betting on strong demand in Asian markets for smaller electric cars, MIH Consortium plans to build its first car, which it calls Project X, in 2023 and start mass production the following year, though no customers have been confirmed, the company said. "Build your own vehicle with Project X," Cheng said, referring to the car's modular design. MIH is eyeing not only Taiwan, but also India, Thailand, Indonesia and Japan as prospective markets for the three-seater. "The American market tends towards large cars," Cheng told reporters, adding that this model would suit a single-child family.

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