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A central processing unit (CPU) semiconductor chip is displayed among flags of China and U.S., in this illustration picture taken February 17, 2023. Following are some key details:'COUNTRIES OF CONCERN'The order lays out plans to regulate investments in certain "countries of concern," with a separate annex naming China, Hong Kong and Macau as initial targets. The outbound investment program would require notification of many investments while prohibiting only a few. It was considering requiring notification for investments in firms working on the design, fabrication, and packaging of less advanced integrated circuits. U.S. investments in Chinese production of quantum computers, development of certain quantum sensors, and quantum networking and communication systems could also be banned.
Persons: Florence Lo, Joe Biden, Janet Yellen, Andrea Shalal, Karen Freifeld, David Shepardson, Jonathan Oatis, Matthew Lewis Organizations: REUTERS, Wednesday, U.S . Treasury Department, Reuters, China, United, Treasury, European Union, Thomson Locations: China, U.S, Hong Kong, Macau, United States, Beijing, Washington, Britain, New York
The law also prohibits funding recipients from expanding semiconductor manufacturing in China or other countries deemed a national security risk by the United States government. A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The potential for federal funding has spurred some potential huge investments in the semiconductor sector. "The back-end semiconductor manufacturing sector that Integra participates in, operates on very thin margins that just don't make it possible without the CHIPS Act support to do this," Integra CEO Brett Robinson said. Intel, Taiwan Semiconductor Manufacturing Co. and silicon carbide producer Wolfspeed have all hired workers and started construction despite not receiving any federal CHIPS Act funding.
Persons: Raimondo, Gina Raimondo, Joe Biden, Brett Robinson, Robinson, Tom Sonderman, I've, Brian Harrison, It's Organizations: Department of Commerce, United, UAW, Integra Technologies, Integra, SkyWater Technology, of Commerce, Intel, Taiwan Semiconductor Manufacturing Co, Commerce Department Locations: America, China, United States, U.S, Taylor , Michigan, Wichita , Kansas, West Lafayette , Indiana, Arizona
Taiwan Semiconductor Manufacturing Company said on Tuesday it would team up with three German technology firms to build a facility in eastern Germany capable of producing up to 40,000 microchips each month as part of efforts to further diversify its production locations. TSMC, the world’s largest maker of semiconductors, said it would invest 3.5 billion euros ($3.8 billion) and own 70 percent of the joint venture, to be located in Dresden. The German companies Robert Bosch, Infineon Technologies and NXP Semiconductors will each control 10 percent. The combined private and public investment, “including strong support from the European Union and German government,” is expected to total €10 billion, the company said. The plant would be TSMC’s first location in Europe, and represents a win for Germany, which has been seeking out manufacturers of microchips, the tiny devices essential for the country’s large automotive industry and countless other devices.
Persons: Robert Bosch, Organizations: Taiwan Semiconductor Manufacturing Company, Infineon Technologies, European Union, Germany Locations: Germany, Dresden, Europe
Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to 5 billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said. "There is going to be a real ecosystem for semiconductor manufacturing in Germany," said economy minister Robert Habeck. VOTE OF CONFIDENCETSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. Semiconductor makers Intel (INTC.O) and Wolfspeed (WOLF.N) have already taken advantage of the subsidies on offer to set up shop in Germany. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.
Persons: Robert Habeck, TSMC, Germany's Bosch, Habeck, Ben Blanchard, Thomas Escritt, Louise Heavens, Mark Potter Organizations: Taiwan Semiconductor Manufacturing, European Union, Semiconductor Manufacturing Company, Infineon, Semiconductor, Intel, EU, Sony, Thomson Locations: Dresden, Arizona, TAIPEI, BERLIN, Germany, Europe, Taiwan, China, Asia, United States, Saxony, Netherlands, Ukraine, U.S, Japan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWolfSpeed CEO Gregg Lowe on government support for American-made semiconductor techCNBC's Kristina Partsinevelos speaks with WolfSpeed CEO Gregg Lowe discusses the CHIPS Act and the prospect of bringing more semiconductor manufacturing to America.
Persons: Gregg Lowe, Kristina Partsinevelos Locations: America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSkyWater Technology CEO Thomas Sonderman on the semiconductor manufacturing workforceCNBC's Kristina Partsinevelos speaks with Thomas Sonderman, president and CEO or SkyWater Technology, about the anniversary of the U.S. CHIPS Act, developing America's semiconductor workforce, addressing concerns about the delayed disbursement of funds from the U.S. CHIPS Act, and the time line for SkyWater's foundry development.
Persons: Thomas Sonderman, Kristina Partsinevelos Organizations: SkyWater Locations: U.S
Germany spends big to win $11 billion TSMC chip plant
  + stars: | 2023-08-08 | by ( ) edition.cnn.com   time to read: +4 min
Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home. TSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. The factory will cost around 10 billion euros in total. “There is going to be a real ecosystem for semiconductor manufacturing in Germany,” he said. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.
Persons: TSMC, Olaf Scholz, Michael Kretschmer, ” Kretschmer, Germany’s, NXP, Robert Habeck, , “ It’s Organizations: European Union, Intel, Taiwan Semiconductor Manufacturing, Germany, Semiconductor Manufacturing Company, Germany’s Bosch, Infineon, Semiconductor, EU, Sony Locations: Germany, Europe, Taiwan, China, Asia, United States, Dresden, Saxony, ” Saxony, Netherlands, Ukraine, Arizona, Japan
Carlos Bonilla, 22, enrolled in a two-year automotive technician training program with Ford. According to Bonilla's tuition bills viewed by Insider, he paid roughly $9,000, and it was not reimbursed. As a result, the ASSET program has incorporated more electric vehicle instruction into its curriculum, a Ford representative told Insider. Even though he's done with the program, Bonilla has had other opportunities to continue his education in the field. He said his dealer paid for him to get a variety of certifications, including one that allows him to work on hybrid and electric vehicles.
Persons: Carlos Bonilla, , Carlos Bonilla Carlos Bonilla, Bonilla, Carlos Bonilla Carlos Bonilla Bonilla, He's, he'll, he's Organizations: Ford, Service, Lincoln, Royal Lincoln, of Labor Statistics Locations: Wall, Silicon, Miami, doesn't
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntegra Technologies CEO Brett Robinson discusses CHIPS Act and American semiconductor manufacturingCNBC's Kristina Partsinevelos speaks with Brett Robinson, Integra Technologies CEO, to discuss the use of funds from the U.S. CHIPS Act, the hefty start-up cost of developing semiconductor facilities, and addressing the lack of semiconductor specialists in the United States.
Persons: Brett Robinson, Kristina Partsinevelos Organizations: Integra, Integra Technologies Locations: U.S, United States
Shares of the chipmaker opened on the Nasdaq-style Star Market at 58.88 Chinese yuan, according to Refinitiv data. That's a 13.2% jump from its offer price of 52 Chinese yuan ($7.23). The Shanghai-listed shares have since pared gains and were trading lower at 53.99 Chinese yuan on Monday afternoon. Hua Hong's Shanghai debut raised 21.2 billion yuan ($2.95 billion) — in what was the largest IPO in mainland China so far this year, according to EY's global IPO report. SMIC raised 46.28 billion yuan ($6.62 billion) during its IPO in 2020.
Persons: Hua Hong, Hua Hong's, Chips, Hong, Phelix Lee, Lee, SMIC Organizations: Huahong Group, Huahong, Getty, Shanghai Stock Exchange's, Semiconductor Manufacturing International Corp, Nasdaq, Morningstar Asia, Hua Locations: Shanghai, China, Hua Hong's Shanghai, Hong Kong, Beijing
Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File PhotoBERLIN, Aug 7 (Reuters) - Taiwanese semiconductor manufacturer TSMC's (2330.TW) board of directors will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources. The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources. TSMC, the world's largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or "fab", in Dresden. It will operate the factory in a joint venture with partners Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXPSM.UL), the sources told Handelsblatt.
Persons: Ann Wang, Bosch, Handelsblatt, Miranda Murray, Friederike Heine Our Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Infineon, European, Intel, Thomson Locations: Hsinchu, Taiwan, German, Dresden, Saxony, Berlin, Europe, Brussels
She enrolled in a 10-day semiconductor training course and landed a new job at Intel soon after. A few weeks later, she told Insider, she received an email about the "Quick Start" program — a 10-day crash course on how to be a semiconductor processing technician. The Quick Start program's website says that semiconductor companies will hire over 20,000 workers in Arizona in the coming years. Of 240 former Quick Start students who filled out an employment outcome form as of June 30th, 75, or 31%, said they had been "hired in field," per MCCC. "I start work at 5:45 AM, and I get off at 6:15 PM," she said.
Persons: Lisa Strothers, chipmakers, Strothers, Biden, Cesar Becerra, GlobalFoundries, , Lisa Strothers Lisa Strothers, Intel's, she'd, Cesar Becerra Cesar Becerra, I'm, that's, there's Organizations: Intel, Schools, Service, Taiwan Semiconductor Manufacturing Company, Mesa Community College, Science, Deloitte, Micron, MCCC, Labor Statistics Locations: Wall, Silicon, Arizona, Arizona's Maricopa County, Maricopa County, China, Taiwan, Phoenix
Taiwan Semiconductor Manufacturing Company, which is manufacturing the world’s most advanced microchips, conducts business on the island of Taiwan, dead center in one of the most geopolitically volatile places on the planet. That makes people in Washington very nervous. TSMC dominates the semiconductor industry; it’s a company that the United States can’t do without, 80 miles off the coast of China. The U.S. government has appropriated tens of billions of dollars to strengthen America’s own semiconductor sector and help fund TSMC’s nascent operations in the United States, far from China, which has never renounced the use of force to absorb Taiwan. But TSMC has invested billions of its own over nearly four decades growing deep roots in Taiwan.
Persons: TSMC Organizations: Taiwan Semiconductor Manufacturing Company Locations: Taiwan, Washington, United States, China, The U.S
The higher the rating, the more likely the investor can trust that principal and interest payments will arrive on time. Indeed, global investors use the interest rate on US Treasury bonds to determine the interest rate on other countries’ bonds. Consider the recent battle over increasing the Treasury debt limit and looming prospects for a government shutdown later this year. These so-called governance issues are central to Fitch’s decision to downgrade the nation’s debt. The last time was in the early 1990s when interest payments on the debt ballooned, and the fiscal outlook darkened.
Persons: Mark Zandi, CNN —, Fitch, , Thomas Jefferson, Alexander Hamilton, we’ve, Joe Biden, Bill Clinton, Newt Gingrich, Lore, Winston Churchill Organizations: Moody’s, CNN, AAA, Mark Zandi CNN, Treasury, European Union, US Treasury, Twitter, Facebook, Democrat, Republican, British
Even in a year with a huge tech stock rally, Columbia Global Technology Growth Fund (CTYRX) stands out for its outsized gains. The final bucket in the portfolio is value opportunity names, or stocks that Narang and his team believe have valuations cheaper than the entire portfolio. He cited data from Alliance Bernstein showing that tech stocks in the most expensive and least expensive quintiles tend to outperform historically — suggesting the attraction of a balanced approach. "Returns seesaw between growth and value over various periods of time," he added, noting this year's growth-oriented tech rally after last year's drubbing. Global mandate Over the last 11 years managing the fund, Narang called its "global mandate" both the biggest challenge and opportunity for him.
Persons: Rahul Narang, Narang, we're, It's, Bernstein, Morningstar Organizations: Columbia Global Technology Growth, Nasdaq, Morningstar . Columbia Management, California Polytechnic State, JPMorgan, Microsoft, Nvidia, Broadcom, Columbia, chipmakers, NXP Semiconductors, Taiwan Semiconductor Manufacturing Co, Samsung Locations: Morningstar, India
Foxconn will invest more than $600 million in India as part of a phone manufacturing project and separately a semiconductor equipment facility, according to the government of the state of Karnataka. The phone project will create employment opportunities for 12,000 people, Patil said, while the semiconductor facility will generate employment for 1,000 people. Foxconn has also, with little success so far, tried to enter the semiconductor manufacturing area. Applied Materials was not immediately available for comment. Modi attended a semiconductor event in India last week, at which senior executives from big U.S. chip firms including Applied Materials and AMD were present.
Persons: Foxconn, B Patil, Patil, Narendra Modi, Modi, Young Liu Organizations: Materials, Vedanta, CNBC, Applied Materials, AMD Locations: Krakow, Poland, India, Karnataka, U.S, China
Reuters was first to report the investment plans on Wednesday. The investment decisions follow a meeting between Foxconn Chairman Young Liu, Karnataka's IT minister Priyank Kharge, and Industries Minister MB Patil. Prime Minister Narendra Modi is also attracting investors for semiconductor manufacturing, which is his key business agenda currently. In Karnataka, Foxconn will collaborate with Applied Materials on a project for making semiconductor manufacturing equipment, and create jobs for around 1,000 people. India's Tamil Nadu state has also announced that Foxconn will invest $194 million in a new electronic components manufacturing facility that will create 6,000 jobs.
Persons: Ann Wang, Foxconn, Young Liu, Priyank Kharge, Liu, Narendra Modi, Munsif, Aditya Kalra, Himani Sarkar, Jane Merriman, Mark Potter Organizations: REUTERS, Applied Materials, Reuters, Industries, Patil, Micron, Materials, Thomson Locations: Taipei, Taiwan, BENGALURU, India's Karnataka, China, Karnataka, India, Gujarat, Tamil Nadu, Bengaluru
Here's how Bank of America, Morgan Stanley, and UBS recommend investing in AI. Bank of America, Morgan Stanley, and UBS are more optimistic about AI stocks after each expressed hesitations earlier this year as shares of companies tied to the technology exploded higher. In contrast, Morgan Stanley has dismissed concerns that AI stocks are in a bubble. "Inevitably, the market will compare AI to the dot-com boom," wrote Morgan Stanley analyst Shawn Kim in a July report. As for chipmakers, Morgan Stanley agreed with Bank of America that the path forward is bifurcated.
Persons: Morgan Stanley, Marcelli, Art Cashin, Michael Hartnett, Shawn Kim, Mike Wilson, Morgan, Vivek Arya, Wilson Organizations: Wall, Bank of America, UBS, Americas, Nvidia, Marvell Technology, Broadcom, Cadence Design Systems, Bank of, Accenture, Microsoft, Taiwan Semiconductor Manufacturing Company, Consumer Locations: California, Snowflake, OpenAI
Advanced chip packaging is a crucial technology that squeezes the most horsepower from the latest chip designs, and is crucial to chip contract manufacturers vying for business. The data from LexisNexis, released last month, indicates that TSMC and Samsung have steadily invested in advanced packaging technology for years, as Intel did not keep pace with its own filings. Packaging technology enabled the industry to stitch together several chips called "chiplets" - either stacked or adjacent to one another - within the same container. Samsung has been investing in advanced packaging for years but the South Korean chip giant established a dedicated team to pursue advanced packaging in December 2022, Moonsoo Kang, the unit's chief, said in a statement. Intel disputed the idea that the size of TSMC's patent portfolio indicated that it had developed more advanced technology.
Persons: Dado Ruvic, TSMC, , Marco Richter, Moonsoo Kang, Benjamin Ostapuk, Max A, Matthew Lewis Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Reuters, Samsung Electronics, Intel, LexisNexis, Samsung, Devices, Thomson Locations: San Francisco
BlackRock and MSCI are facing probes by lawmakers for facilitating investments in Chinese firms, the WSJ reported. The probes are related to investments in companies flagged by the US over security risks or human rights violations. The congressional panel said it found that American investors have funded 60 such companies and BlackRock has invested $429 million through five of its funds. The majority of our clients' investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies. With all investments in China and markets around the world, BlackRock complies with all applicable US government laws.
Persons: MSCI Organizations: BlackRock, Service, Wall Street, Chinese Communist Party, WSJ, US Locations: MSCI, China, Wall, Silicon, Xinjiang, US
Take Club stock Nvidia (NVDA) for example. You can't own Nvidia if that's the data you're using to generate your worldview of future demand, especially after the monstrous run shares have already had this year. After all, those buying Nvidia's chips will need to harvest profits on their investment at some point but 12 to 18 months is a lifetime in the stock market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Nvidia CEO Jensen Huang,speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.
Persons: Jim Cramer, That's, Bernstein, we're, Jim loves NVDA, It's, , ByteDance, NVDA, Jim Cramer's, Jim, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Semiconductor Manufacturing, Apple, Microsoft, Oracle, CNBC, Getty Locations: China, Taipei
TSMC reassures commitment to Taiwan amid global expansion
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: +1 min
HSINCHU, Taiwan, July 28 (Reuters) - TSMC (2330.TW) reaffirmed its investment commitment to Taiwan on Friday as the world's largest contract chip maker ramps up expansion abroad. Speaking at a ceremony to open a massive global research and development center in Taiwan's chip hub of Hsinchu, CEO C.C. Wei said he would like to take the opportunity to tell the people of Taiwan that the firm remained "rooted" on the island. The overseas investment has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a "goodbye to Taiwan" trend among chip firms. Reporting by Sarah Wu; Editing by Jacqueline Wong and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: TW, C.C, Wei, TSMC, Sarah Wu, Jacqueline Wong Organizations: Thomson Locations: HSINCHU, Taiwan, Hsinchu, U.S ., Arizona, Japan, Germany
BHUBANESWAR, July 28 (Reuters) - U.S.-based Silicon Power Group will invest 10 billion rupees ($121.73 million) to set up a facility in India's Odisha state to make 150 millimetre silicon carbide, a semiconductor component, the state's chief minister's office said late Thursday. The investment will be made by the group's Indian unit, RiR Power Electronics, and the company has committed to start operations in the next 18 to 24 months, the chief minister's office said in a statement. Silicon carbide is a component that goes into chips used in electric cars and other industrial power and energy applications. The move comes as top executives from Foxconn and semiconductor firms Micron and AMD are set to attend a conference in Prime Minister Narendra Modi's home state of Gujarat, an effort by the federal government to lure investments. ($1 = 82.1500 Indian rupees)Reporting by Jatindra Dash in Bhubaneswar, writing by Manvi Pant; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.
Persons: Narendra Modi's, Jatindra, Manvi Pant, Eileen Soreng Organizations: Power, Power Electronics, Micron, AMD, Thomson Locations: BHUBANESWAR, India's Odisha, Gujarat, India, Taiwan, Bhubaneswar
The glut came after companies began to stockpile chips amid the shortage to build up inventories. From profit boost to income plungeThe pandemic-induced shortage of semiconductors helped boost chip makers' profits as prices jumped. Meanwhile, SK Hynix swung to a loss in the second quarter versus a profit in the same period last year. Taiwan Semiconductor Manufacturing Company, the world's largest chipmaker, said last week that net income for the second quarter fell 23.3% from a year ago. Looking ahead, the PC market appears weak, which is likely to impact Samsung, SK Hynix and Micron.
Persons: Wong Yu Liang, Peter Hanbury, Hanbury, Sze Ho Ng Organizations: Bain & Company, CNBC, Samsung, SK Hynix, Micron, Taiwan Semiconductor Manufacturing Company, China Renaissance Securities Locations: oversupply
But NOAA puts the Ohio Valley at the low end of its Climate Extremes Index, which considers temperatures, precipitation, drought and hurricanes. 2023 Infrastructure score: 205 out of 390 points (Top States grade: C+) Climate Extremes Index: 8.7% Properties at risk: 2.1% Renewable energy: 12.3%8. 2023 Infrastructure score: 231 out of 390 points (Top States grade: B) Climate Extremes Index: 23.68% Properties at risk: 4.2% Renewable energy: 42.5%5. 2023 Infrastructure score: 254 out of 390 points (Top States grade: A-) Climate Extremes Index: 8.7% Properties at risk: 2.7% Renewable energy: 34.6%2. 2023 Infrastructure score: 193 out of 390 points (Top States grade: C) Climate Extremes Index: 19.78% Properties at risk: 9% Renewable energy: 84%1.
Persons: Jeremy Porter, they're, Porter, John Boyd , Jr, Seth Herald, Joe Biden, Adam J, Brian Snyder, Jim Mracek, Andrew Lichtenstein, Helen H, Richardson, Marshall, Jewel Samad, James McGath, Cole Ruud, Nicole Neri, Scott Olson, Biden, Daniel Acker Organizations: Street Foundation, The Boyd Company, Micron, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Tennessee, NOAA, Seth, AFP, Getty, Volunteer State, Michigan, Dewey, Anadolu Agency, Great, Great Lakes State, FEMA, Green, Nebraska, Corbis, Cornhusker, Colorado Firefighters, National Center for Atmospheric Research, Denver Post, Centennial, Kansas, Oklahoma Electric, Sooner State, Energy Department, Washington Post, North Star State, Mount, Iowa, Bloomberg Locations: New York, States, Memphis , Tennessee, Tennessee, Ohio, Royal Oak, MI, Metro Detroit, Royal Oak , Michigan, United States, Great Lakes, Michigan, Vermont, Montpelier , Vermont, Nebraska, Cass County, Boulder , Colorado, Colorado, Dodge City , Kansas, Kansas, Moore , Oklahoma, Sooner, Oklahoma, Minnesota, Stillwater, Stillwater , Minnesota, St, Croix, Dakota, Salem , South Dakota, Mount Rushmore, South Dakota, Gowrie , Iowa, U.S
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