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☆ Micron poised to get $1.5 bln from Japan for next-gen chips - Bloomberg News
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 17 (Reuters) - Micron Technology Inc (MU.O) is poised to get about 200 billion yen ($1.48 billion) in financial incentives from Japan to help it make next-generation memory chips in the country, Bloomberg News reported on Wednesday, citing people familiar with the matter. Micron will use the funding to install advanced, extreme ultraviolet (EUV) chipmaking equipment from ASML Holding NV (ASML.AS) at its Hiroshima facility to fabricate DRAM chips, the report said. DRAM chips are memory chips that lose the memory when the power is off. Micron is also expected to contribute its own capital to the Hiroshima expansion with some support from the city, Bloomberg added. Micron, ASML and Japan's Ministry of Economy, Trade and Industry did not immediately respond to Reuters requests for comment.

☆ Hua Hong Semiconductor's $2.6 billion China listing approved by exchange
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, May 18 (Reuters) - Chinese chipmaker Hua Hong Semiconductor Ltd (1347.HK) said it had received Shanghai Stock Exchange approval for its planned $2.6 billion share listing, which is expected to be one of the country's biggest this year. Hong Kong-listed Hua Hong's plan for a secondary listing on Shanghai's STAR Market has been approved by the bourse's listing committee, and it will submit an application for registration to China's securities regulator, the company said late on Wednesday. Hua Hong joins a growing list of Chinese chipmakers to sell shares publicly on the mainland amid a Sino-U.S. rivalry that has seen Washington stepping up efforts to restrict exports to Beijing's semiconductor industry. Hua Hong, which competes with bigger Chinese rival Semiconductor Manufacturing International Corp (0981.HK), has said it plans to raise up to 18 billion yuan ($2.60 billion) to fund investment and innovation. ($1 = 6.9121 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Chipmakers look to Japan as worries about China grow
▼ + stars: | 2023-05-18 | by ( ) edition.cnn.com time to read: +2 min

Japanese Prime Minister Fumio Kishida said he welcomed and expected more investment from global chipmakers, after meeting top executives on Thursday before a Group of Seven summit. Growing Taiwan and US tensions with China have brought serious challenges to the semiconductor industry. “I am very pleased with your positive attitude towards investment in Japan, and would like the government as a whole to work on further expanding direct investment in Japan and support the semiconductor industry,” Kishida said. Japan's Prime Minister Fumio Kishida meets executives of major global chipmakers ahead of a G7 summit. In particular, Kumamoto prefecture in southwestern Japan is quickly becoming a hotbed for tech investment from companies including TSMC and Fujifilm Holdings Corp (FUJIF).

☆ Asia stocks shrug off China data disappointment, Japan index pierces 33-year high
▼ + stars: | 2023-05-16 | by ( Selena Li | ) www.reuters.com time to read: +3 min

HONG KONG, May 16 (Reuters) - Asia stocks mostly held firm on Tuesday, despite weaker-than-expected Chinese economic data, with Japan's broad share index hitting a 33-year high on a rally in chipmakers following U.S. tech sector gains. read moreJapan's Topix (.TOPX) was up 0.5% to 2,125.45 in afternoon trade, after earlier hitting 2,126.14, its highest since August 1990. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged 0.32% higher. The dollar index fell 0.029%, with the Japanese yen strengthening 0.10% versus the U.S. currency at 135.98 per dollar. China's benchmark stock index keeping the momentum from Monday's rally and climbing 0.93%.

☆ 'Really exciting': Fund manager picks A.I. stocks and names an opportunity 'we haven't seen yet'
▼ + stars: | 2023-05-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Big tech isn't dead, according to portfolio manager Trent Masters, who identified his favorite stocks to play artificial intelligence and more. While there were minimal changes to earnings estimates in aggregate, this was better than feared heading in," said Masters, global portfolio manager at Sydney-based Alphinity. Masters said that one "really exciting area" yet to be explored is the creation of verticals that sit on top of large language models like ChatGBT. Large language models, or LLMs, are programmed to understand human language and generate responses based on large sets of data. Microsoft Masters said Microsoft is "the first port of call" for investors who want to delve into AI.

☆ Tiger-cub hedge fund Coatue drastically increases Big Tech holdings, doubles down on chip stocks
▼ + stars: | 2023-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Meta became Coatue's biggest holding at the end of March, with a stake worth $1.7 billion, the filing showed. The Facebook parent has been one of the biggest winners in the tech sector this year, rising nearly 100%. Chip giant Nvidia was Coatue's second-biggest holding at the end of March after the hedge fund raised the stake slightly. The New York-based fund also upped its AMD stake dramatically last quarter, making it its seventh-largest holding. The hedge fund also picked up Taiwan Semiconductor , building a new stake worth more than $500 million.

☆ Western Digital Corp sees weak fourth quarter on slower recovery for memory chips
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

May 8 (Reuters) - Memory chip firm Western Digital Corp (WDC.O) forecast fourth-quarter revenue below Wall Street estimates and a bigger current-quarter loss, signaling that memory chip demand will take longer to recover as cloud spending also shrinks. Seagate Technology Holdings (STX.O), which makes hard disks for storage like Western Digital, last month said it was seeing a "more elongated customer inventory correction" and that it expects demand recovery to begin only towards the end of 2023. While memory chipmakers have been cutting production to alleviate oversupply and prop up memory chip pricing, a weak global economic outlook has clouded the hopes for a quicker recovery. Western Digital expects fourth-quarter revenue between $2.40 billion and $2.60 billion. However, Western Digital reported third-quarter revenue of $2.80 billion, beating estimates of $2.70 billion.

☆ Qualcomm to acquire Israeli auto-chip maker Autotalks
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety. The company had credited the jump to its Snapdragon Digital Chassis product used by car makers and their suppliers. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. Qualcomm on Monday said it would incorporate Autotalks' solutions into Snapdragon Digital Chassis product portfolio, but did not elaborate on the financials of the deal. The acquisition will be made through its unit Qualcomm Technologies, Qualcomm added.

☆ Saturna Capital's 3 stock funds are all out-earning their competitors while sticking to Islamic investing rules. Its managers told us how the combination works.
▼ + stars: | 2023-05-05 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Saturna follows Islamic rules, which also prohibit speculation and profiting from interest. The firm's Amana Income fund is the fourth-best US large company stock fund over the 12 months that ended March 31, according to Kiplinger. The firm's Developing World Fund has out-returned 92% of competing funds over the last five years. Scott Klimo is the chief investment officer and co-manages three stock funds for Saturna Capital. Buying an unprofitable or high-priced growth stock and hoping it goes on a rocket ride is not.

☆ A Baillie Gifford manager who oversees a $564 million fund details 4 of the top investing themes she's pursuing, including 3 stocks she likes right now
▼ + stars: | 2023-05-03 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

The firm is known for growth investing, but she says she's picking defensive, stable winners. Mileva told Insider about some of the industries and stocks she likes the most today. How is a company that's known for board games and fantasy figurines anything like a company that owns world famous luxury brands with products like high fashion accessories, champagne, and yachts? That's the view of Milena Mileva, the manager of Baillie Gifford's $564 million Developed EAFE All Cap fund, and an expert on international stocks. These are the ones that historically have been the most successful examples," she told Insider in a recent interview.

☆ AMD revenue drops 9% as PC chip sales decline sharply
▼ + stars: | 2023-05-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

AMD reported first-quarter results on Tuesday that showed revenue dropping 9% on an annual basis. While earnings and sales beat Wall Street expectations, AMD's guidance for the current quarter was light and shares dropped over 3% in extended trading. AMD reported $739 million in sales in the category, a 65% decrease from $2.1 billion in sales during the same period last year. AMD management also said that the category is likely to grow in the current quarter. Last week, Intel, AMD's primary competitor in the PC and server chip markets, reported that its overall sales dropped 36%.

☆ ON Semi jumps after results while Nvidia hits 13 month high
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

May 1 (Reuters) - ON Semiconductor's (ON.O) shares jumped 7% on Monday after the chipmaker's quarterly guidance beat Wall Street's expectations, spurring other chip stocks with heavyweight Nvidia (NVDA.O) hitting its highest level in over a year. The Philadelphia Semiconductor index (.SOX) climbed 0.7%, outperforming the Nasdaq's (.IXIC) 0.1% rise. Nvidia, the world's most valuable chipmaker, climbed 3.5% to its highest since March 2022. Lattice Semiconductor (LSCC.O) rose 1.8% ahead of its quarterly report expected after the bell. The Philadelphia chip index has rebounded nearly 40% from its closing low in October 2022, but is down 25% from its high in 2021.

☆ STMicroelectronics, GlobalFoundries win EU approval for French chip factory
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of electronics and semiconductors manufacturer STMIcroelectronics is seen outside a company building in Montrouge, near Paris, France, July 12, 2022. REUTERS/Sarah MeyssonnierBRUSSELS, April 28 (Reuters) - Chipmakers STMicroelectronics and GlobalFoundries (GFS.O) secured EU approval on Friday to build a chip factory with French state aid in France. The United States and the European Union are offering billions in state subsidies for home-grown chip factories to cut dependency on Asian suppliers. The EU wants to double its global market share to 20% in 2030 under its Chips Act agreed earlier this month. ($1 = 0.9103 euros)Reporting by Foo Yun Chee, editing by Marine StraussOur Standards: The Thomson Reuters Trust Principles.

☆ We expect chip market to recover in the second half of the year, financial services firm says
▼ + stars: | 2023-04-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect chip market to recover in the second half of the year, financial services firm saysDaniel Yoo of Yuanta Securities says stock prices are stabilizing despite poor profit numbers from chipmakers.

☆ KLA Corp forecasts upbeat fourth-quarter on robust demand for chip tools
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - Chip tools maker KLA Corp (KLAC.O) forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, riding on plans by chipmakers to expand production and build new factories in Europe and the United States. Chipmakers are scrambling to boost capacity and tool makers including KLA and Applied Materials (AMAT.O) will gain from this. KLA makes tools for inspecting the silicon wafer discs, on which semiconductors are built, for defects. KLA forecast current-quarter revenue between $2.13 billion and $2.38 billon, compared to analysts' estimates of $2.17 billion, according to Refinitiv data. Revenue in the third quarter ended March 31 rose 6.3% to $2.43 billion, beating estimates of $2.38 billion.

☆ Club meeting recap: Banks in focus, Big Tech earnings, Palo Alto
▼ + stars: | 2023-04-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Equities rise with banks in focus Bullish on tech Palo Alto is a buy 1. Bullish on tech Two Big Tech Club holdings — Alphabet ( GOOGL) and Microsoft (MSFT) – reported quarterly beats Tuesday, despite gathering macroeconomic clouds. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Atomera, STMicro sign deal to use new chipmaking material
▼ + stars: | 2023-04-26 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

Atomera said the deal allows STMicro to install Atomera's technology in its factories, and manufacture and distribute chips made with it. Atomera has developed a new material that can slot into existing semiconductor manufacturing processes to improve transistors, the tiny electrical switches at the heart of all chips. Atomera claims its material in some cases can improve transistors as much as jumping to a new-generation technology, but with lower costs. Atomera Chief Executive Scott Bibaud told Reuters that STMicro, with the new deal, is now Atomera's closest customer to moving to mass production. Bibaud said there is no firm timeline for when chips with Atomera technology will be in production, but it could be within 12 to 18 months.

The firm's loss widened as a global economic slowdown worsened a memory chip glut during the first quarter, prompting sluggish demand and falling prices, SK Hynix said. However, "we expect revenue to rebound in the second quarter after bottoming out in the first, driven by a gradual increase in sales volume," SK Hynix said. Such cuts will reduce inventory across the industry and improve market conditions from the current quarter, SK Hynix said. The loss is the biggest since SK Group acquired Hynix in 2012, and is the second in a row after the fourth quarter's 1.9 trillion won loss. SK Hynix shares traded up 2.1% versus a 0.2% decline in the wider market (.KS11), after the firm flagged a market rebound.

April 25 (Reuters) - Texas Instruments (TXN.O) forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker's end-markets. The company's revenue in both the personal electronics segment and the division that caters to data center servers fell 30% in the first quarter from the fourth quarter. Industrial market revenue was flat. Still automotive was a bright spot in the first quarter, with revenue up mid-single digits, the company said. The company forecast revenue in the current quarter in the range of $4.17 billion to $4.53 billion versus estimates of $4.44 billion.

☆ South Korea's chip dilemma gets sharper
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

China's security review of the $66 billion Micron is largely seen as retaliation against U.S. export controls on chipmaking technology. Yet Yoon has reason to do what America asks at the expense of South Korean companies. Bolstering the security alliance amid rising nuclear risks from North Korea will be on the top of his agenda; negotiating better terms for South Korean electric-car and chip investments into the United States will be another. As the chip war heats up, and threatens to widen, Seoul will find keeping its top two trading partners happy even tougher. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Why the U.S. needs support from countries like South Korea for its China chip curbs to be effective
▼ + stars: | 2023-04-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. needs support from countries like South Korea for its China chip curbs to be effectiveThe U.S. asked South Korea to push its chipmakers not to fill the gap if American firm Micron is banned in China, the FT reported. The move is the latest in Washington's push to cut China off from key chips and tools just as Beijing continues to invest in its domestic semiconductor industry, CNBC's Arjun Kharpal reports.

☆ Factbox: What's on the agenda at the South Korea-US summit?
▼ + stars: | 2023-04-24 | by ( Ju-Min Park | ) www.reuters.com time to read: +4 min

Yoon has been pushing to increase South Korea's say in operating "extended deterrence" while calls are growing in South Korea for it to develop its own nuclear weapons. At the summit, Biden will pledge "substantial" steps to underscore the U.S. commitment to deter a North Korean nuclear attack, a senior U.S. official said. South Korea's defence ministry said the allies have been exploring ways to support Ukraine but declined to confirm specific discussions. His comments prompted an angry exchange of words between Beijing and Seoul with South Korea summoning the Chinese ambassador. South Korea's comment on Taiwan was "the worst" since the establishment of diplomatic relations between China and South Korea in 1992, China's state-run Global Times said on Sunday.

☆ US urges South Korea not to fill China shortfalls if Beijing bans Micron chips, Financial Times reports
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +1 min

April 23 (Reuters) - The United States asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans memory chipmaker Micron (MU.O) from selling chips, the Financial Times reported on Sunday. The United States made the request as South Korean President Yoon Suk Yeol prepares to travel to Washington on Monday, the newspaper reported, according to four people familiar with the talks. China's cyberspace regulator Cyberspace Administration of China (CAC) said in March that it would conduct a cybersecurity review of products sold in the country by Micron. In a response, Micron said that it is cooperating with the Chinese government and that its operations in China are normal. It has blacklisted a number of China's largest chip firms, including Micron rival Yangtze Memory Technologies Co Ltd.

☆ Chipmaking tool firms expect boom in China sales despite export rules
▼ + stars: | 2023-04-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

April 20 (Reuters) - Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment used to make cutting-edge semiconductors. Lam is subject to the U.S. export restrictions, and ASML will face new rules from the Dutch government on China sales later this year. But those rules so far have only affected equipment used in making the most advanced chips. In Lam's case, it had originally estimated that the China restrictions would cost it between $2 billion and $2.5 billion of revenue in 2023. That's a jump from November, when ASML said China made up 18% of its then 38 billion euro backlog.

The two-year Treasury yield , most reflective of short-term rate expectations, hit a one-month high and the 10-year yield hit a four-week high as traders scaled back expectations of rate cuts later this year. Earnings from regional banks were mixed, with Citizens Financial Group Inc (CFG.N) falling 3.4% after its first-quarter results missed estimates. Western Alliance Bancorp (WAL.N) rallied 17.3% after the regional bank posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis. Declining issues outnumbered advancers by a 3.70-to-1 ratio on the NYSE and a 2.40-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 17 new highs and 57 new lows.

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