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☆ Bank of America says this chip stock is ready for its AI moment and to buy it before next week's event
▼ + stars: | 2024-04-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Marvell Technology will reap the benefits from the growth of artificial intelligence due to its deep and broad base of intellectual property, Bank of America predicts. On Thursday, the bank reiterated its buy rating ahead of the chipmaker's AI presentation next Thursday. MRVL YTD mountain Marvell Technology year to date At the event, analyst Vivek Arya expects Marvell Technology to outline a $20 billion to $30 billion incremental total addressable market. He also expects Marvell to reinforce its competitive differentiation in custom chips compared to lower-priced Taiwan rivals, similar to an argument recently made by Broadcom . Arya also expects management at the AI event to address Marvell's leadership in inter- and intra-data center AI optics and its ability to transition to silicon photonics.

Persons: Vivek Arya, Arya, Marvell Organizations: Marvell Technology, Bank of America, Marvell, Broadcom, photonics Locations: CY24E, Taiwan

☆ A TikTok ban could be terrible news for Apple and Tesla
▼ + stars: | 2024-03-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

China could retaliate against Apple and Tesla via brand damage campaigns or stifling local ops. AdvertisementA potential TikTok ban in the US could spell trouble for Apple, Tesla, and other American companies operating in China. And on Wednesday, China's foreign ministry warned TikTok ban attempts would "eventually backfire on the US." Deepwater Asset Management managing partner Gene Munster told Business Insider he believes a TikTok ban has a 25% chance of materializing. In a world where there is a TikTok ban, Munster said, "Chinese leadership could expand its anti-iPhone campaign beyond the government."

Persons: TikTok, —, Gene, Munster, Dan Ives, Tesla Organizations: Apple, Service, Asset Management, Gene Munster, Business, Wedbush Securities, BI, Wynn Resorts, Las Vegas Sands, Texas Instruments, IPG Photonics, Financial Times, Huawei Locations: China, United States, Las Vegas, Qualcomm, Munster, —

☆ 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

☆ Scientists used a laser beam to bend a bolt of lightning for the first time
▼ + stars: | 2023-10-05 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

For the first time, scientists were able to show they can bend lightning from a storm with a laser. The project, 20 years in the making, required a super powerful laser to be shot into the sky. A powerful laser was able to deflect a lightning bolt almost 200 feet before it hit a lightning rod, greatly improving the rod's function. The Laser Lightning Rod is seen in place on top of a Swiss mountain. AdvertisementAdvertisementEventually, the scientists were able to record a natural lightning bolt that, for the first time, followed the laser beam before hitting the tower.

Persons: —, Aurélien Houard, Appliquée, they'd, Houard, Jean, Pierre Wolf, Benjamin Franklin, we've, Wolf, Houart Organizations: Service, EPFL, University of Geneva, Polytechnique, Street, Nat, CNN, Street Journal, Photonics Locations: Swiss, EPFL, Switzerland, France, Germany, Säntis

☆ These 10 stocks have the most exposure to China's 'stalling' economy, BofA warns
▼ + stars: | 2023-09-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

China's "stalling" economy is putting some US companies at risk, according to Bank of America. The bank highlighted the top 10 stocks that have the most revenue exposure to China. Applied MaterialsApplied Materials’ new corporate signage photo in Santa Clara California ReutersTicker: AMATMarket value: $122.6 billionRevenue exposure to China: 33%9. Wynn ResortsAdvertisementAdvertisementFILE PHOTO: Wynn Resorts Ltd property in Las Vegas ReutersTicker: WYNNMarket value: $10.7 billionRevenue exposure to China: 40%4. ReutersTicker: LVSMarket value: $38.2 billionRevenue exposure to China: 67%Other companies that have considerable revenue exposure to China include: Intel (27%), Tesla (26%), and Nvidia (26%).

Persons: Savita Subramanian, Santa Clara California, Lam, Shanghai Aly Song Organizations: Bank of America, Service, Santa Clara California Reuters, Broadcom Reuters, IPG Photonics, Wynn, Wynn Resorts Ltd, Las Vegas Reuters, WYNN, Qualcomm, China, Vegas Sands Corp, Reuters, Intel, Nvidia Locations: China, Wall, Silicon, Santa Clara, Las Vegas, Shanghai, Macau

☆ Stocks stage a comeback, while two Club tech names report — and what's on tap for next week
▼ + stars: | 2023-09-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

All three major U.S. stock indices rebounded this past week following a lackluster August, delivering their best one-week performances since July. Here's a quick update on the past week: The August ADP employment report numbers came in lower than expected. Earnings : No Club companies report next week. Over 99% of S & P 500 companies have now reported earnings results for the second-quarter season, according to FactSet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Nonfarm payrolls, Dow Jones, Buster's, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dow Jones, Nasdaq, Federal Reserve, Labor, U.S . Labor Department, ISM Manufacturing, Broadcom, VMware, PMI, Photonics, Akoustis Tech, GameStop, Eagle Outfitters, SAIC, Brands, ABM Industries, Kroger, KR, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Asana, ASAN, New York City

☆ 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

☆ TSMC does not expect direct production impact from China's metal export curbs
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, July 6 (Reuters) - Taiwan's TSMC (2330.TW), the world's largest contract chipmaker, said on Thursday it does not expect any direct impact on its production from China's decision to restrict exports of two metals widely used in semiconductors and electric vehicles. That followed the U.S. decision to impose export restrictions to curb China's access to key technologies used for artificial intelligence. "After evaluation, we do not expect the export restrictions on raw materials gallium and germanium will have any direct impact on TSMC's production," Taiwan Semiconductor Manufacturing Co said in an emailed statement. China's restrictions will have a very limited impact on the company's short-term procurement and wafer production and delivery, WIN added. Visual Photonics Epitaxy said it had noticed little effect so far from China's export restrictions.

Persons: TSMC, chipmaker, Janet Yellen's, Yellen, Liao Chien, Ben Blanchard, Roger Tung, Tom Hogue, Jamie Freed Organizations: Apple, Nvidia, Taiwan Semiconductor Manufacturing, Treasury, Capital Securities Corp, WIN Semiconductors, Reuters, WIN, Visual Photonics, Photonics, Thomson Locations: TAIPEI, Beijing, U.S, Taiwan, Taipei, China, Germany, Japan

☆ There's a big venture capital funding downturn — except for this one set of investors
▼ + stars: | 2023-06-28 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Venture capital funding into startups has drastically slowed. Corporate venture capital grew in 2022 and looks to grow again in 2023, bucking the broader downturn. Continuing a pullback in funding activity in 2022, venture capital into European startups fell by 32.1% in Q1 of 2023, per Pitchbook data. Faced with the prospect of raising down rounds at slashed valuations, startups are turning to an alternative mode of funding — corporate venture capitalists. A corporate venture capital firm, or CVC, is the investing arm of a specific business.

Persons: Ekaterina Almasque, Almasque, Sabrina Maniscalco, Luis Valente, Valente, iLoF, Charlie Bullock Organizations: Corporate, GV, Google, Catalyst, Catalyst Fund, Presidio Ventures, Japan's Sumitomo Corporation, Microsoft, OSRAM Ventures

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, SoFi, ServiceNow, Meta, Netflix, Splunk and more
▼ + stars: | 2023-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Piper Sandler initiates Domino's as overweight Piper said it sees an attractive risk/reward for Domino's shares. Piper Sandler reiterates Meta as outperform Piper Sandler raised its price target on the stock to $310 per share from $270 and said ad spend is "holding up." Citi downgrades Logitech to neutral from buy Citi downgraded the stock due to the unexpected departure of CEO Bracken Darrell. Citi reiterates Accenture as buy Citi said the Dublin-based IT company is an AI beneficiary. Piper Sandler initiates Bentley Systems as overweight Piper said the company is a "high quality industrial software franchise operating with scale."

Persons: Piper Sandler, Piper, Wolfe, it's bullish, Bernstein, Gordon Haskett downgrades, Gordon Haskett, Needham, ServiceNow, Bracken Darrell, Guy Gecht, Raymond James, Dave, Buster's, Riley downgrades Cinemark, Riley, Li, Morgan Stanley, Tesla, Splunk, TD Cowen, Wingstop, Cowen, it's, Estée Lauder, Berenberg, Roth, Morgan, Bud Light Organizations: Barclays, Netflix, FedEx, Apple, TAM, Citi, Logitech, Materials, SVB Securities, PayPal, Linde, LIN, Bank of America, Oculis, Dave, Cinemark Holdings, Inc, Accenture, IT Services, Li Auto Citi, China, Li, SSS, Bentley Systems, Photonics, Technologies, AMD Data Center, JPMorgan, DG, Anheuser, Busch InBev, Molson Coors, & $ Locations: 3Q22, 4Q22, 2H23, Latin America, Dublin, Bergamo

☆ Stocks making the biggest moves midday: Logitech, Toyota, UnitedHealth, AMD and more
▼ + stars: | 2023-06-14 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Logitech — Shares tumbled 12.3% after the company announced president and CEO Bracken Darrell is departing. Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Lumen Technologies — The telecommunications stock gained 6% during midday trading Wednesday, adding to the 16% advance that was made Tuesday. Earlier in the week, the company announced a new partnership with electric vehicle software charging company ev.energy. Advanced Micro Devices — The chip stock gained nearly 2% in midday trading, a day after the company announced its latest artificial intelligence chips.

Persons: Bracken Darrell, UnitedHealth — UnitedHealth, John Franklin Rex, Akio Toyoda, Lumen, Roth MKM, Goldman Sachs, Bernstein, Bud, Raymond James, Buster's, Cinemark, Riley, Li Auto, Morgan Stanley, Wolfe, it's bullish, Gordon Haskett, SVB, — SoFi, Estée Lauder —, — CNBC's Michelle Fox, Yun Li, Sarah Min, Hakyung Kim Organizations: Logitech, Swiss Federal Institute of Technology of, Citi, Goldman, Global Healthcare, Toyota, Lumen Technologies, Google, Microsoft, Maxeon, Technologies, Reuters, Services, AMD, Anheuser, Busch InBev —, Netflix, Wolfe Research, Barclays, SVB Securities, Berenberg Locations: Swiss Federal Institute of Technology of Lausanne, Lausanne, Switzerland, Japan, Latin America

☆ Japan's Hamamatsu Photonics says Denmark denies approval for NKT Photonics acquisition
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

TOKYO, May 8 (Reuters) - Japan's Hamamatsu Photonics KK (6965.T) said on Monday that Danish authorities had rejected a European subsidiary's application to acquire Copenhagen-based fibre laser manufacturer NKT Photonics A/S from NKT A/S (NKT.CO). Hamamatsu Photonics had announced plans for the takeover last June for about 205 million euros ($226 million) to expand application of its laser diode business based on compound semiconductor manufacturing technology. NKT Photonics' lasers could be used for inspection of cutting-edge semiconductor devices, among other applications, it had said. "We are currently considering further actions in relation to the decision," Hamamatsu Photonics said in a statement on Monday. The Danish Business Authority said the denial was in accordance with the Danish Investment Screening Act.

☆ Ukrainian soldiers are using a handheld video game console to operate machine gun mounts, per reports. The US Navy has also utilized Xbox controllers in the past.
▼ + stars: | 2023-05-02 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Photos show Ukrainian soldiers using a Steam Deck to operate the Sabre weapon system. The US Navy has used Xbox controllers in some submarines since 2018. Valve, the maker of Steam Deck, did not immediately respond to Insider's request for comment. It's not the first time a military has utilized video game hardware. In 2017, the US Navy announced it would begin using Xbox 360 controllers to operate the photonics masts, which replaced periscopes, on submarines.

☆ Wafer maker IQE flags potential demand hit in first half of 2023 fiscal
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: 1 min

Jan 16 (Reuters) - IQE Plc (IQE.L) said on Monday it expected destocking in the wider industry to weigh on demand from its existing customers in the first half of the current fiscal year, after the chip components supplier forecast an 8% revenue growth in 2022. The company, which makes semiconductor wafers for chips used in Apple (AAPL.O) products, said 2022 trading was boosted by revenue from its photonics division in the second-half period, partially offsetting softness in its wireless markets. Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Move over Ben Franklin: Laser lightning rod electrifies scientists
▼ + stars: | 2023-01-16 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

[1/4] The Laser Lightning Rod, an experimental lighting protection device that diverts the path of lightning bolts using a high-power laser, is seen in action at the top of Mount Santis in Switzerland in this undated photograph. Scientists now are moving to improve on that 18th century innovation with 21st century technology - a system employing a high-powered laser that may revolutionize lightning protection. With further development, this Laser Lightning Rod could safeguard critical infrastructure including power stations, airports, wind farms and launchpads. In experiments during two months in 2021, intense laser pulses - 1,000 times per second - were emitted to redirect lightning strikes. Houard anticipated that 10 to 15 years more work would be needed before the Laser Lightning Rod can enter common use.

☆ This startup wants to use light-based chips to make driverless cars safe. Check out the pitch deck Scantinel Photonics used to raise its $10 million Series A.
▼ + stars: | 2022-11-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Scantinel Photonics has raised $10 million in Series A funding from PhotonDelta. The German startup uses photonics chips to make autonomous driving more precise and safe. The startup says the game-changer is its use of photonics chips. These photonics chips are used to make LiDAR solutions and devices — which are integrated into AVs, and key in helping vehicles to sense objects and estimate distances on the road. Scantinel says it is pioneering a "new wave of LiDAR technology" that's more immune to interference and precise in its imaging, said managing director Dr. Michael Richter.

☆ Analysis: Wanted: an oxygen monitor reliable for all races
▼ + stars: | 2022-11-02 | by ( Nancy Lapid | ) www.reuters.com time to read: +6 min

Expert advisers to the U.S. Food and Drug Administration met virtually on Tuesday to discuss improvements in standards for pulse oximeters. Imarc Group market research firm forecast the global pulse oximeter market reaching $3.25 billion by 2027. Pulse oximeter problems "suddenly became enormous" during the pandemic, said Dr. Philip Bickler, director of the University of California, San Francisco's (UCSF) Hypoxia Research & Pulse Oximeter Test Facility. Current rules require that pulse oximeters be tested in a minimum of just 10 subjects, only two of whom must be "darkly-pigmented." While the devices are still useful, UCSF's Bickler said, doctors "should not base patient care only on pulse oximeter findings."

☆ Italy's Brembo sets up venture capital arm to invest in tech startups
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 19 (Reuters) - Premium brakes maker Brembo (BRBI.MI) said on Wednesday it had set up an internal venture capital unit, called Brembo Ventures, to accelerate the development of technologic solutions to be applied to the automotive industry. A spokesman for the group said Brembo Ventures was a unit and not set up as a proper venture capital fund with an initial financial endowment. Register now for FREE unlimited access to Reuters.com RegisterBrembo Ventures will invest in startups globally, focusing on artificial intelligence, big data, sensors, mechatronics, energy efficiency and sustainability, it said in a statement. "With Brembo Ventures, we are even more structured to seize the market opportunities that can contribute to our goal of redefining future of braking systems and mobility," Brembo's Chief Business Development Officer Roberto Grazioli said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari; editing by Agnieszka FlakOur Standards: The Thomson Reuters Trust Principles.

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