DIRS.INFO The most relevant business & tech news

☆ United Methodist Church embraces the LGBTQ after decades of division
▼ + stars: | 2024-05-05 | by ( Chelsea Bailey | ) edition.cnn.com time to read: +8 min

Courtesy Neighborhood Church AtlantaA church at war with itselfThe United Methodist Church has been at war with itself for decades over its stance on homosexuality. In 2019, the United Methodist Church’s governing body opened a temporary window for congregations to petition to leave over the issue. Andy Oliver reacts after the United Methodist Church removes a rule forbidding "self-avowed practicing homosexuals" from being ordained or appointed as ministers. And yet you stay, and you fight because you know, a better church is possible.”A sign outside the Allendale United Methodist Church in St. Petersburg, Florida. Andy OliverThe Real Work BeginsThe United Methodist Church, is one of the largest mainline Protestant Christian denominations in the United States, according to the Pew Research Center.

Persons: Andi Woodworth, Woodworth, Anjie, ”, “, that’s, ” Woodworth, Anjie Woodworth, Rev, Kristin Stoneking, “ We’ve, “ There’s, ” Anjie, she’s, …, Andy Oliver, Chris Carlson, Robert “ BJ ” Jackson, Oliver, Jackson, Tim, Tim’s, he’s, ” Oliver, Jackson’s, ‘, BJ, – John Wesley –, Billy Hester, Hester, disaffiliate, ” CNN’s Justin Gamble Organizations: CNN, Neighborhood Church, United Methodist Church, Methodist, Church, United Methodist, Christian, “, Conference, Network, Allendale United Methodist Church, Pew Research Center, Asbury Memorial Church Locations: Atlanta , Georgia, Atlanta, Church Atlanta, Allendale, St . Petersburg , Florida, United States, Savannah , Georgia, Savannah

☆ 10 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-01-27 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.

Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile

☆ Taiwan chipmaker UMC sees demand stabilising, with 'rush' PC, smartphone orders
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of United Microelectronics Corporation (UMC) is seen at the company’s lobby at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. The semiconductor industry has come under pressure as global economic woes dent demand for chips used in everything from tablets to cellphones and cars. In an earnings release, UMC (2303.TW) co-President Jason Wang said it expected demand to gradually stabilise in the last three months of the year. "For the fourth quarter, with the recent rush orders from PC and smartphones, we expect demand has gradually stabilised," he said. However, the company kept its guidance for capital spending this year at $3 billion, compared with $2.7 billion for last year.

Persons: Ann Wang, TSMC, chipmaker, Jason Wang, Ben Blanchard, Jan Harvey Organizations: United Microelectronics Corporation, Hsinchu Science, REUTERS, United Microelectronics Corp, Qualcomm Inc, Germany's Infineon, UMC's, Thomson Locations: Hsinchu, Hsinchu Science Park, Taiwan, TAIPEI, U.S, UMC's Taipei

The logo of Powerchip Semiconductor Manufacturing Corp's Japanese business in pictured in Tokyo, Japan July 21 2023. REUTERS/Sam Nussey/File Photo Acquire Licensing RightsSINGAPORE/TOKYO, Oct 17 (Reuters) - Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp (6770.TW) is considering around five sites in Japan, including Mie prefecture, for setting up a potential $5.4 billion factory as talks on subsidies progress, sources said. Powerchip is looking at around five sites for the factory, the source said. One option is Mie prefecture in central Japan, two sources said, close to the industrial hub of Nagoya and fabs operated by Taiwan's UMC (2303.TW) and Japan's Kioxia. A factory from Powerchip would mark a further commitment by Taiwanese chipmakers into manufacturing in Japan, with TSMC (2330.TW) building a factory in Kyushu in western Japan and eyeing a second.

Persons: Sam Nussey, Powerchip, Taiwan's UMC, eyeing, chipmaker, Fanny Potkin, Miho Uranaka, Muralikumar Organizations: Powerchip Semiconductor Manufacturing, REUTERS, Rights, Powerchip Semiconductor Manufacturing Corp, SBI Holdings, SBI, Reuters, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, TOKYO, Taiwan, Mie, Nagoya, Powerchip, Kyushu

☆ How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry
▼ + stars: | 2023-10-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.

Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia

☆ Taiwan chipmaker UMC sees 'uncertain' demand, gearing up for AI
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

SummaryCompanies Wafer demand 'uncertain' in Q3UMC says gearing up to meet AI demandQ2 revenue -21.9% y/y, +3.8% q/q2023 capex guidance unchanged at $3 blnTAIPEI, July 26 (Reuters) - Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday that it sees "uncertain" demand in the third quarter but stuck to its 2023 capital spending plans as its gears up to meet customer demand for artificial intelligence (AI). The semiconductor industry has come under pressure as global economic woes dent demand for chips used in everything from cars to cellphones. "Looking into the third quarter, wafer demand outlook is uncertain given prolonged inventory correction in the supply chain," he added. However, the company kept its guidance for capital spending this year at $3 billion, compared with $2.7 billion for last year. "We are gearing up to offer the necessary silicon interposer technology and capacity to fulfil emerging AI market demand from customers," Wang said.

Persons: TSMC, Jason Wang, Wang, UMC, Ben Blanchard, Christina Fincher Organizations: United Microelectronics Corp, chipmaker, Qualcomm Inc, Germany's Infineon, UMC's, Thomson Locations: TAIPEI, U.S, UMC's Taipei, Taiwan

Many Western companies are reviewing their supply chains and reliance on China as a manufacturing base, with Washington stepping up curbs in particular aimed at hobbling Beijing's chip ambitions and slowing its technological and military advances. Asked on an earnings call about U.S. and European chip designers shifting orders away from Chinese factories, UMC (2303.TW) co-President Jason Wang said their customers were starting to "evaluate their supply chain resilience". UMC could benefit from that, given the company makes chips in Taiwan, China, Singapore and Japan, Wang added. Global tech demand has slumped in recent months as soaring inflation, rising interest rates and a gloomy world economic outlook have led consumers and businesses to tighten spending. ($1 = 30.6960 Taiwan dollars)Reporting by Sarah Wu and Ben Blanchard Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ UBS says this semiconductor stock is a ‘buy’ — and doubles its price target
▼ + stars: | 2023-04-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

UBS is upgrading Taiwanese foundry United Microelectronics from "neutral" to "buy." The Swiss investment bank raised its price target on the stock from 37 Taiwan dollars ($1.20) to NT$75, representing a potential upside of nearly 50% from its closing price on Wednesday. UMC's year-to-date rerating reflects the "increasing optimism" about the semiconductor industry's recovery and the greater profitability of the stock, the analysts said. UBS isn't the only bull UBS isn't the only bank bullish on United Microelectronics. In a note on April 19, the bank maintained its "outperform" rating on the stock and raised its price target on the stock to NT$60.

☆ Taiwan chipmaker UMC imposes strict cost controls over weak demand
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

"To manage this period of weakness, the company is implementing strict cost control measures and deferring certain capital expenditures where possible." The company reported a 14.8% year-on-year rise in fourth-quarter revenue to T$67.84 billion ($2.24 billion), although that was 10% down compared to the previous quarter with wafer shipments falling 14.8% quarter on quarter. Shares in UMC closed 1.1% down on Monday, underperforming a 0.7% rise in the broader market (.TWII). They have gained 10.3% so far this year, giving the company a market value of $18.7 billion. ($1 = 30.3030 Taiwan dollars)Reporting by Ben Blanchard; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.

☆ Champagne makers celebrate record sales ahead of Christmas
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

REIMS, France, Dec 21 (Reuters) - Champagne sales are expected to reach a new record this year, despite inflation that could have made consumers shun the expensive bubbly, producers said ahead of the start of year-end celebrations around the world. Champagne sales reached an all-time high last year at 5.7 billion euros ($6.05 billion), as the relaxation of pandemic-related curbs fuelled a surge in exports. "We will very likely beat this record again and 2022 will be the new champagne record in terms of turnover," David Chatillon, chairman of the Union of Champagne Houses (UMC), told Reuters in Reims, in eastern France, home to some of the most famous Champagne makers. REUTERS/Sarah Meyssonnier 1 2 3Export sales were also expected to reach record highs. The war in Ukraine and sanctions against Russia had little impact on Champagne sales as bottles were re-dispatched to meet strong demand from other markets, Chatillon said.

Starting with the Trump administration, the United States has been tightening the noose around China's high-tech ambitions. But why worry about older chip technology? “28 nanometer” refers to a chip technology commercially used since 2011. But it is a giant in older technology, including chips that regulate power flows in electronics. The importance of older chip technology hit the industry in the face in 2021 as a shortage of those chips prevented manufacturing of millions of cars and consumer electronics.

☆ Chipmaker UMC cuts capex in readiness for prolonged downturn
▼ + stars: | 2022-10-26 | by ( Sarah Wu | ) www.reuters.com time to read: +3 min

The company has revised 2022 capital expenditure down to $3 billion, compared with a previous plan for $3.6 billion, said finance chief Chitung Liu. However, expansion in Singapore and Tainan in southern Taiwan are progressing as planned to meet long-term supply commitments, Wang said. However, UMC will continue to monitor developments and "take risk-management measures as necessary", he added. Shares in UMC closed 3.4% down on Wednesday and have fallen about 41% this year. ($1 = 32.1210 Taiwan dollars)Reporting by Sarah Wu Additional reporting by Ben Blanchard Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Studiu: Bărbaţii sunt mai predispuşi la infectarea cu COVID-19
▼ + stars: | 2020-05-11 | by ( ) tvrmoldova.md time to read: +3 min

Sângele bărbaţilor are niveluri mai ridicate ale unei enzime cheie folosite de noul coronavirus pentru a infecta celulele decât cel al femeilor, au arătat rezultatele unui studiu european publicat luni. În COVID-19, boala respiratorie cauzată de noul coronavirus, se crede că aceasta ar juca un rol în modul în care infecţia progresează în plămâni. Cercetătorii au început studiul înainte de pandemia de coronavirus, au spus aceştia, şi astfel nu au fost incluşi pacienţi cu COVID-19. ACE2 este un receptor de pe suprafaţa celulelor care se leagă de noul coronavirus şi îi permite să intre şi să infecteze celulele. Numărul de decese şi infecţii indică faptul că bărbaţii sunt mai predispuşi decât femeile să contracteze boala şi să sufere complicaţii severe sau critice dacă se îmbolnăvesc.

Persons: Voors, Pandemia Organizations: Heart Journal, Universitatea, Mediafax Locations: Universitatea Groningen, Olanda, Groningen

Search resuls for: "UMC"

13 mentions found