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The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s. If effective, they could hobble China's chip manufacturing industry by forcing American and foreign companies that use U.S. technology to cut off support for some of China's leading factories and chip designers. The rules published on Friday also block shipments of a broad array of chips for use in Chinese supercomputing systems. "The U.S. should stop the wrongdoings immediately and give fair treatment to companies from all over the world, including Chinese companies." On Saturday, China's foreign ministry spokesperson Mao Ning called the move an abuse of trade measures designed to reinforce the United States' "technological hegemony".

☆ AMD revenue warning signals deep chip slump; shares dive 4%
▼ + stars: | 2022-10-06 | by ( ) edition.cnn.com time to read: +2 min

Chipmaker Advanced Micro Devices Inc on Thursday provided third-quarter revenue estimates that were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than expected. AMD shares dropped 4% in after hours trading, dragging down shares of Nvidia Corp and Intel Corp by over 2%. The company said it expects third-quarter revenue of about $5.6 billion. AMD is the latest chipmaker to be hit by the sector’s slump. Nvidia Corp and Intel Corp both delivered much worse than expected earnings in their latest reports.

read more read moreAmong the 11 S&P 500 sector indexes, technology (.SPLRCT) was the sole decliner, down 1.2%. read moreEli Lilly & Co , which is also developing an Alzheimer's drug, rose 7.7% and was the biggest boost to the S&P 500 index. In the previous session, Wall Street's main indexes sank deeper into a bear market, with the S&P 500 recording its lowest close in almost two years on rate hike worries. read moreAdvancing issues outnumbered decliners by a 3.55-to-1 ratio on the NYSE and by a 2.45-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and 29 new lows, while the Nasdaq recorded 16 new highs and 140 new lows.

☆ Qualcomm CFO Focuses on Investing in Budding Automotive Business
▼ + stars: | 2022-09-27 | by ( Mark Maurer | Qualcomm Cfo Akash Palkhiwala | ) www.wsj.com time to read: +6 min

The company estimated $1.3 billion in auto revenue for the fiscal year ended Sunday, up 33% from the prior year. Ninety percent of Qualcomm’s auto-related revenue forecast through 2026 is based on existing design wins from across the business line, Mr. Palkhiwala said. “It’s a business that’s important to us,” Mr. Palkhiwala said about the auto-chips division. Like Qualcomm, chip companies such as Intel Corp. and Nvidia Corp. are wading deeper into the auto market. Nvidia reported $566 million in revenue for its auto business in the year ended in January, up 5.6% from the prior-year period.

☆ Intel expands developer cloud to enable customers to try out new chips
▼ + stars: | 2022-09-27 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

Sept 27 (Reuters) - Intel Corp (INTC.O) plans to expand the Intel Developer Cloud to allow customers to try a range of new chips before they hit the market, a move it hopes will lure more application developers to use its processors, the company said on Tuesday. Chip companies are increasingly enabling software and hardware developers to test out chips virtually in the cloud before they are shipped to save time. A strong software developer ecosystem is increasingly becoming a competitive edge for semiconductor hardware manufacturers. He said Intel is trying to make the developer cloud easier to use and also trying to hook the next generation of developers to make applications for Intel chips. Cheruvu said young developers face a lot of pain points in understanding the technology and experimenting with them, and that the developer cloud was helping to address some of the issues.

People visit a Qualcomm booth at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. The jump in future business was thanks to its Snapdragon Digital Chassis product used by car makers and their suppliers, said Qualcomm at its Automotive Investor Day. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology as well as in-car infotainment and cloud connectivity. Earlier this week, chipmaker Nvidia Corp (NVDA.O) also unveiled a new automotive central computer called drive thor to provide autonomous and assisted driving as well as in-car digital entertainment and services. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jane Lanhee Lee and Akash Sriram; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Nvidia CEO sees 'large space' for China sales despite U.S. restrictions
▼ + stars: | 2022-09-21 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Nvidia Corp CEO Jensen Huang holds one of the company's new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022. He said that the rules leave "a large space for us" in the Chinese market. At the news conference, Huang said that both chips are part of larger chip lineups with a "large number of products" that can still be sold in China. Huang also said that Nvidia will seek licenses from the U.S. government for Chinese customers who want its top chips. Register now for FREE unlimited access to Reuters.com RegisterReporting by Stephen Nellis, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ We see two reasons for Nvidia's dramatic price hikes on its newly unveiled graphics cards
▼ + stars: | 2022-09-21 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

A top complaint coming out of this week's Nvidia GTC conference is sticker shock over the company's newly unveiled 40 series graphics processing units for video gamers and creators. For reference, the 4080 and 4090 series chips start at $899 and $1,599, respectively. Put another way, if we were to adjust for inflation, a comparable 40 series price tag (think 2020 dollars) would be about $770 for the 4080 and $1,650 for the 4090. In the end, if you want the most cutting-edge chips, one thing nobody can deny is the incredible performance boost of the 40 series versus prior generations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Nvidia unveils new gaming chip with AI features, taps TSMC for manufacturing
▼ + stars: | 2022-09-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Nvidia Corp CEO Jensen Huang holds one of the company's new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022. But the company's roots are in graphics chips, which still provided 59% of its $26.9 billion in revenue in its most recent fiscal year. The new Lovelace chips use AI to improve video game graphics. Computing what each pixel on the screen should look like is hard, so Nvidia chips use AI to predict how some pixels should look without doing the entire set of computations. The Lovelace chips have extended that technique to generate entire frames of a game using AI.

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 13, 2022. read more"The key to tomorrow is going to be indications by the Fed chief as to what's the next possible move. The benchmark U.S. 10-year Treasury yield hit 3.54%, its highest level since April 2011, in anticipation of the rate hike, while the closely watched yield curve between two-year and 10-year notes inverted further. ET, Dow e-minis were down 153 points, or 0.49%, S&P 500 e-minis were down 22.25 points, or 0.57%, and Nasdaq 100 e-minis were down 78.75 points, or 0.65%. read morePayPal Holdings Inc (PYPL.O) fell 2.6% after Susquehanna Financial Group downgraded the fintech company's stock to "neutral" from "buy".

REUTERS/Tyrone SiuSept 20 (Reuters) - Chip giant Nvidia Corp (NVDA.O) on Tuesday unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment. General Motor's (GM.N) autonomous driving unit Cruise last week said it had developed its own chips to be deployed by 2025. It currently uses Nvidia chips. read moreThe first customer Nvidia announced for DRIVE Thor is China's Geely-owned (GEELY.UL) ZEEKR. Shapiro said its current computer system called DRIVE Orin will be used in Chinese car company XPeng's new smart SUV and Chinese autonomous driving startup QCraft.

☆ Nvidia CEO tries to soothe investor angst over gaming as new graphics cards are set to launch
▼ + stars: | 2022-09-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Fresh off the unveiling of Nvidia 's (NVDA) newest computer graphics card, CEO Jensen Huang on Tuesday tried to assuage investor concerns about the video gaming market, which has lately dogged the Club holding's stock. Still, Nvidia has accumulated too many computer graphics cards, Huang acknowledged, and said the semiconductor firm needed to address the issue. While those steps have led to short-term financial pain, the CEO suggested they were appropriate given the newest gaming chips are set to hit the market imminently . These latest computer graphics cards are hitting the market during a financially precarious moment for Nvidia's gaming business. "Of course, that resulted in Q2 and Q3 being a lot lower than we originally anticipated, but the overall gaming market remains solid," he added.

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.47%. The Fed regards a recession as regrettable, but necessary to fight inflation," Grisanti said. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 27.72 points, inching closer to a more than two-month high. Focus will also be on new economic projections, due to be published alongside the policy statement at 2 p.m.

☆ Futures fall on rate hike worries
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Andrew KellyRegister now for FREE unlimited access to Reuters.com RegisterSummarySummary Companies Futures down: Dow 0.92%, S&P 0.97%, Nasdaq 1.02%Sept 19 (Reuters) - Wall Street futures fell on Monday, with rate-sensitive technology and growth stocks leading the declines as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S. economy into a recession. Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.46%. Focus will also be on new economic projections, due to be published alongside the policy statement at 2 p.m. ET, Dow e-minis were down 285 points, or 0.92%, S&P 500 e-minis were down 37.75 points, or 0.97%, and Nasdaq 100 e-minis were down 121.75 points, or 1.02%. Register now for FREE unlimited access to Reuters.com RegisterReporting by Devik Jain in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Nancy Pelosi's husband just invested millions in 2 tech companies with lots at stake on Capitol Hill
▼ + stars: | 2021-07-12 | by ( Kimberly Leonard | Dave Levinthal | ) www.businessinsider.com time to read: +8 min

The House speaker's husband, Paul Pelosi, made two million-dollar stock trades. Pelosi's husband buys up more stocksHouse Speaker Nancy Pelosi's husband, Paul Pelosi, bought stocks in Google's parent company, Alphabet, and in Nvidia Corporation, which designs graphics-processing units for the gaming market. Drew Hammill, the speaker's spokesman, said she did not own any stock and complied with all disclosures, which require members of Congress to post stock trades for spouses and dependent children. Rep. Pat Fallon, a Republican from Texas, in a group photo with freshman members of the House Republican Conference on the House steps of the US Capitol on January 4. By federal law, members of Congress have 30 days from when they become aware of a stock trade to formally disclose it.

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