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☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ A mortgage advisor shares how to get the 3.5% down payment on an FHA loan fully covered — and the 3 best strategies real-estate investors can use to maximize leverage from government loans
▼ + stars: | 2024-05-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This was achieved by allowing first-time buyers to purchase a home with a smaller down payment — as low as 3.5%. The program is still around, and it's often a great way for real-estate investors to get started. Advertisement3 ways to make the most of government loan programsWelgan also shared two strategies that real-estate investors can use to maximize the leverage offered through government loans. Buyers can now purchase up to a four-unit property with a down payment of as little as 5%. "That's been a game changer for real-estate investors," Welgan said.

Persons: —, Jeff Welgan, Fannie Mae, Buyers, Welgan, Fannie Mae's, That's, ADUs, Dave Meyer, Fannie, I've Organizations: Service, Act, Business, Federal National Mortgage Association, Mortgage, Urban Locations: Los Angeles County , California, Michigan, California

☆ Why the Miami Grand Prix is the most distinctive race in Formula 1
▼ + stars: | 2024-05-01 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.

Persons: —, Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel

☆ An options trade that wins if stocks continue to struggle into May
▼ + stars: | 2024-04-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Note that the last time, the 10-day moving average crossed above the 21-day moving average was back in late October/early November when the markets were just beginning a new bull run. Based on this thesis I want to make a bearish bet on DIA using a trade structure called a bear put spread. The Trade: DIA is a highly liquid ETF and if you look at its option chain, you will notice that it offers $1 wide strikes. DIA YTD mountain SPDR Dow Jones Industrial Average ETF Trust YTD Amazon and Apple report earnings this week. These are all significant market moving events and so a solid risk management plan needs to be in place for any trades taken this week.

Persons: Dow Jones Organizations: Dow, Dow Jones, Trade, DIA, Apple

☆ Bonds offer income and some volatility protection. Pick out the right bond fund for your portfolio
▼ + stars: | 2024-04-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

That said, in general, most investors would be best served buying a diversified bond fund, said Mulach. What to look for in bond fundsThere are several factors to consider when investing in a bond fund. Intermediate-core durations typically range between 75% and 135% of the three-year average of the effective duration of the Morningstar Core Bond Index. Top Morningstar Bond Funds Ticker Fund Morningstar Category Type 30-day SEC yield Adj. Aggregate Bond ETF can be a great option to simply replicate that index, he said.

Persons: Morgan Stanley, shouldn't, Morningstar, Mike Mulach, Chuck Failla, Failla, Mulach, You'll, Baird, BSBSX Baird, Morningstar's Organizations: Treasury, Federal Reserve, Sovereign Financial, Morningstar, SEC, Mutual, FLTB Fidelity, Fidelity, Hartford, Aggregate

☆ Trump will go from the trial to the trail and back again
▼ + stars: | 2024-04-29 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Donald Trump will make his most concentrated effort yet to turn his criminal trial into a political asset in the next two days, heading from the courtroom to the campaign trail and back again. Not surprisingly, a majority of Democrats feel that Trump is being treated more leniently than others, while a majority of Republicans think the opposite. But there’s also a risk Trump’s loose tongue out on the trail could get him into trouble following his alleged violations of Merchan’s gag order. They were also tied in Pennsylvania, a third swing state Biden flipped from Trump four years ago. Trump is following a similar playbook as he fuses his criminal defense as a supposed victim of partisan persecution with his political offensive for a White House comeback.

Persons: Donald Trump, Trump, They’ve, Michael Cohen, Trump’s, Stormy Daniels, Joe Biden, Juan Merchan, he’s, —, “, ”, David Pecker, Matthew Colangelo, Todd Blanche, It’s, Biden, there’s, “ I’m, Republican Sen, Lindsey Graham of, Joe Biden’s, Mike Johnson Organizations: CNN, White, Trump, Conservative Political, Republicans, Biden, Republican, White House, CBS News, Sunday, GOP, Democratic, Capitol, Democratic Party, Columbia University, National Guard Locations: New York, Wisconsin, Michigan, Trump, Georgia, Florida, North Carolina, Bedminster , New Jersey, Lindsey Graham of South Carolina, “ State, Pennsylvania, Waukesha , Wisconsin, Gaza, Charlottesville , Virginia, Washington

☆ Eat, sleep, live luxury: LVMH is building whole cityscapes centered on their designer stores
▼ + stars: | 2024-04-28 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.

Persons: —, Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais

☆ Activist Jana Partners calls for a strategic review at Wolfspeed. Here’s how it may develop
▼ + stars: | 2024-04-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. Wolfspeed is the world's leading producer of silicon carbide, or SiC, and a manufacturer of silicon carbide applications. Jana also recommends that the board commences a review of strategic alternatives, including a possible sale of the company. At Freshpet, Jana also made operational and capital allocation recommendations in addition to reviewing a sale of the company. Here, there has been no such mention of a "Jana Dream Team," but it is a little too early for that.

Persons: Jana, Barry Rosenstein, Rosenstein, John Palmour, Wolfspeed, Renesas, Ken Squire Organizations: John Palmour Manufacturing, Silicon Carbide, Mitsubishi Electric, 13D Locations: Siler City, N.C, Marcy, N.Y, North Carolina, Mohawk, New York, Germany, Freshpet

☆ Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants
▼ + stars: | 2024-04-25 | by ( Madeleine Ngo | Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

Micron will use the grants to help construct two leading-edge chip manufacturing plants in New York and another facility in Idaho, Biden administration officials said before the president’s trip to Syracuse, N.Y., for the announcement. The federal government will also provide up to $7.5 billion in loans to Micron. The legislation gave the Commerce Department $39 billion to distribute as grants to incentivize chipmakers to construct and expand manufacturing plants across the United States. On Wednesday, he secured the endorsement of the North America’s Building Trades Unions, largely because of his bipartisan infrastructure package. He also is fresh off signing a $95.3 billion package of aid for Ukraine, Israel and Taiwan after months of congressional gridlock, reaffirming a central focus of his foreign policy agenda.

Persons: Biden, incentivize, Chuck Schumer Organizations: Micron Technology, Micron, Commerce Department, Unions Locations: New York, Idaho, Syracuse, N.Y, United States, Ukraine, Israel, Taiwan

Instead, the Israel Defense Forces will partner with the US military to anchor the causeway to the shore in Gaza “on day one,” the military official said. Dire humanitarian situationThe pier’s construction comes as the humanitarian situation in Gaza has become dire, a senior administration official said Thursday. The official confirmed that USAID will be working with the UN to distribute the aid once it reaches Gaza. Two command and control cells have been set up to facilitate the delivery of the aid via the pier, the military official said. The US role in the effort has been complex, with the military carrying out a high-stakes construction mission in a warzone and diplomats helping to organize a dangerous and highly politicized aid distribution operation.

Persons: ”, Patrick Ryder, Joe Biden, Biden, “ Organizations: CNN, Pentagon, USNS, Israel Defense Forces, US Army, IDF, US Navy, USAID, UN, United Locations: United States, Gaza, ”, Cyprus, Cypriot, Israel, Hatzor, Ashdod, American, Cardigan

☆ Ryōyū Kobayashi flies 291 meters through the air in landmark ski jump, but his effort wasn’t ‘in line with FIS regulations’
▼ + stars: | 2024-04-25 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +3 min

CNN —Ryōyū Kobayashi might have bettered the world ski jump record by nearly 40 meters on Wednesday, but the International Ski and Snowboard Federation (FIS) says it won’t recognize the Japanese jumper’s landmark effort as it didn’t meet the governing body’s competition conditions. Kobayashi flew through the air for around 10 seconds before delivering a smooth landing on Wednesday, video shows. “A ski flying competition must be based on a FIS-certified distance measuring system and take place on a ski flying hill homologated by FIS in order to stand up to comparison with other flights and be eligible for an official ski flying record,’ added the FIS. Austrian Stefan Kraft holds the FIS record for the longest competitive ski jump for a male after landing a 253.5m (831 ft 8.31 in) jump in Vikersund, Norway, in 2017. Even if I’m worried, I’ve no choice.”Kobayashi, aiming to jump some 984 ft (300 meters) still has his sights set on that landmark.

Persons: Ryōyū Kobayashi, Red Bull, Kobayashi, Bull, Kobayashi’s, ’, “, Austrian Stefan Kraft, ”, I’m, I’ve, ” Kobayashi Organizations: CNN, Snowboard Federation, FIS, “, Red Locations: Akureyri, Iceland, Austrian, Vikersund, Norway

☆ Apple shares could be primed for a rebound, according to the charts
▼ + stars: | 2024-04-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Investors have gotten so used to the stock making new highs every year that during the times in which this doesn't happen, concerns intensify. AAPL vs. its 200-day moving average AAPL has also been trading below its 200-day moving average for over two months. Indeed, it's spent more time below the long-term moving average over the years, but reclaiming the line has triggered newfound strength in the past. The big topping pattern is not bearish Another potential positive is that Apple's sporting a big bearish topping pattern on its weekly chart. DISCLOSURES: Cappelleri personally owns AAPL stock.

Persons: There's, it's, Said, AAPL, Cappelleri Organizations: Apple, Downside

☆ A bearish options trade on this health care giant that's starting to show signs of cracking
▼ + stars: | 2024-04-23 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, with broader market indicators showing signs of weakness, UNH is starting to reveal cracks — and the once-strong rally appears to be losing steam. The trade setup The trade structure I am using here is called a "bear put spread." Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you. Since the width of our spread is $495– $490 = $5, I can buy the spread for $2.50. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: UnitedHealth, UNH, ADX, Nishant Pant Organizations: Change, ½

☆ Can this ocean-based carbon plant help save the world? Some scientists are raising red flags
▼ + stars: | 2024-04-21 | by ( Laura Paddison | ) edition.cnn.com time to read: +9 min

Fans will pump air through the alkaline stream, which causes carbon dioxide to form solid calcium carbonate, the material from which seashells are formed, which will look like a fine sand, as well as dissolved bicarbonate. The seawater will also be sent back into the sea, ready to absorb more carbon dioxide from the atmosphere. The ambition is to scale up to 100,000 metric tons of CO2 removal a year by the end of 2026, and from there to millions of metric tons over the next few decades, Sanders told CNN. Equatic has already signed a deal with Boeing to sell it 2,100 metric tons of hydrogen, which it plans to use to create green fuel, and to fund the removal of 62,000 metric tons of CO2. It will remove just under 4,000 metric tons of carbon dioxide a year, with the aim of scaling up to 100,000 metric tons a year by the end of 2026.

Persons: Jean, Pierre Gatusso, “, ”, Patrick T, Fallon, Equatic, Gaurav Sant, Edward Sanders, Sanders, Sant, Lili Fuhr, Fuhr, James Niffenegger, Niffenegger, “ we’re, ” Fuhr, It’s, Gatusso, ” Equatic, UCLA’s Sant, ” Sant Organizations: CNN, University of California, Sorbonne University, Getty, UCLA, National Water Agency, Port, Boeing, Center for International Environmental Law, National Renewable Energy Laboratory Locations: Vietnam, France, Singapore, Tuas, Los Angeles, LA, AFP, Port of Los Angeles

☆ Micron Will Receive $6.1 Billion to Build Semiconductor Plants
▼ + stars: | 2024-04-18 | by ( Madeleine Ngo | Don Clark | ) www.nytimes.com time to read: +1 min

The Biden administration will give Micron up to $6.1 billion in grants to help build its semiconductor plants in New York and Idaho, the latest multibillion dollar award aimed at ramping up the nation’s production of vital semiconductors. More than a year ago, Micron announced plans to expand its manufacturing footprint in the United States. In September 2022, the company said it would build a $15 billion factory in its hometown, Boise, Idaho, the first new U.S. memory chip plant in 20 years. The complex could eventually include up to four new manufacturing plants. Company officials have said the investment is expected to create roughly 50,000 jobs, including about 9,000 direct positions at its plants.

Persons: Biden, Chuck Schumer Organizations: Micron, Biden Locations: New York, Idaho, United States, Boise , Idaho, U.S, Syracuse, N.Y

☆ A US Navy transport ship deployed to help operate the floating port in Gaza returned home after an engine fire
▼ + stars: | 2024-04-18 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +5 min

A US Navy ship deployed to help build a floating pier in Gaza returned home after an engine fire. USNS 2nd Lt. John P. Bobo deployed to transport equipment to operate the temporary port. AdvertisementAn M1A1 Abrams tank is off-loaded from the USNS 2nd Lt. John P. Bobo off the shore of Pohang, Republic of Korea. AdvertisementUSNS 2nd Lt. John P. Bobo and USNS Pililaau anchor off the coast of Pohang, Republic of Korea. Australian dock workers secure USNS 2nd Lt. John P. Bobo while members of the U.S. Navy, Marine Corps and Australian Defence Force begin offloading.

Persons: John P, Bobo, —, Pat Ryder, Cpl, Mark W, Stroud, MV Roy P, Baldomero Lopez, Sal Mercogliano, Military.com, Frank S, Besson, Joshua Fulton, Mercogliano, horrendously, I've, You've, Scott Reel, Ryder Organizations: US Navy, USNS, Service, Navy, Pentagon, Army, MV, sealift, Naval Beach, USNI News, U.S . Navy, Marine Corps, Australian Defence Force, Defense Department Locations: Gaza, Jacksonville , Florida, Pohang , Republic of Korea, Tenerife, Africa, Azores, Souda, Greece

☆ Comcast launches prepaid and month-to-month internet and phone plans
▼ + stars: | 2024-04-17 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Comcast announced Wednesday that it is launching a prepaid and month-to-month low-cost internet and phone plan program called NOW. The new plan is designed to be simple for customers to opt into or cancel at any time using Xfinity and unlimited 5G. NOW TV, which offers Xfinity internet customers on-demand and live streaming from more than 40 networks for $20 per month. The NOW program supplements Comcast's long-standing low-income internet option, called Internet Essentials, which packages 50 Mbps for $9.95 per month. Comcast has been experiencing a lack of broadband growth over the past year, reporting net broadband losses in multiple quarters.

Persons: Dave Watson, we've, Watson Organizations: Comcast, NOW Mobile, CNBC

☆ Citadel's Ken Griffin wants to build a massive NYC skyscraper that the city hopes will lure more workers back to the office
▼ + stars: | 2024-04-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Citadel's Ken Griffin filed plans alongside Vornado and Rudin for a 62-story NYC skyscraper. The mayor's office said the building would bolster an ongoing revitalization of midtown. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Real estate developers Vornado Realty Trust and Rudin Management filed plans for the project alongside Griffin (whose Citadel and Citadel Securities will serve as anchor tenants), the mayor's office said Tuesday. The prices they paid will fund upkeep for both churches, the Mayor's office said, to the tune of $150 million.

Persons: Citadel's Ken Griffin, Rudin, Griffin, —, Ken Griffin, Adams, Griffin doesn't Organizations: Vornado, Service, Realty, Rudin Management, Citadel Securities, Saint Bartholomew's, Midtown, Bloomberg, Citadel, Business, Miami Locations: Miami, New York, St, Patrick's, Midtown Manhattan, Chicago, United States

☆ U.S. Awards Samsung $6.4 Billion to Bolster Semiconductor Production
▼ + stars: | 2024-04-15 | by ( Madeleine Ngo | Don Clark | ) www.nytimes.com time to read: +1 min

The Biden administration will give up to $6.4 billion in grants to Samsung, one of the world’s largest chipmakers, the latest in a slew of awards intended to shore up domestic production of cutting-edge semiconductors. The money will help Samsung, the South Korean company, fund its new chip manufacturing hub in Taylor, Texas, and expand an existing site in nearby Austin. Samsung will now build an additional manufacturing plant and upgrade a facility under construction in Taylor. Federal officials said the grants would help create a U.S. hub for the development and production of leading-edge semiconductors. The announcement follows other awards that federal officials have made to semiconductor manufacturers in recent weeks.

Persons: Biden Organizations: Samsung, South Korean, Federal, Commerce Department Locations: Taylor , Texas, Austin, Taylor, Texas, U.S, United States

☆ These are Goldman's top tactical stock picks going into earnings season
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Analysts expect the S & P 500 to have a year-over-year earnings growth rate of 3.2%, FactSet data shows. If that's the case, it would mark the third consecutive quarter of earnings growth. The reporting period could also be a good time for tactical opportunities in the stock market. The bank also expects these names to see sharp moves after posting earnings, based on what the options market shows. The options market implies a 4.1% move for Nasdaq on after the April 25 report is released.

Persons: Goldman Sachs, John Marshall, Goldman, Lizzie Dove, Per Goldman, Toshiya Hari Organizations: JPMorgan Chase, Citigroup, Royal Caribbean Cruises, Nasdaq, Semiconductor, Broadcom Locations: Wells, China, Asia

☆ Why the next 10 trading days are a make-or-break moment for this bull market
▼ + stars: | 2024-04-10 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The S & P 500 has been higher two weeks later all five times. The S & P 500 popped 1.1% on the day of the release. If this happens, it could finally infect the S & P 500, however. The first clue would be seeing the S & P 500 down two weeks after a CPI report. Ultimately, the S & P 500 can pull back to the 4,800 zone and remain above the breakout zone.

Persons: we've, –, hasn't, …, We'll Organizations: Treasury

☆ Microchip giant TSMC strikes $11.6 billion deal with Biden to boost production in Arizona
▼ + stars: | 2024-04-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Taiwan Semiconductor is set to receive almost $12 billion in grants and loans from the US government. The Biden administration is eager to onshore production and rely less on China as tensions mount. AdvertisementThe White House is giving the world's largest chipmaker government grants and loans worth almost $12 billion to expand production in Arizona. The agreement with Taiwan Semiconductor Manufacturing Co. (TSMC) announced an initial deal in a press release on Monday. TSMC generated about $67 billion in revenue last year and and $26 billion of net income.

Persons: Biden, —, They've, Warren Buffett's Berkshire Hathaway, Buffett Organizations: Taiwan Semiconductor, Service, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, Rivals, Intel, Samsung, Technology Locations: Taiwan, Phoenix , Arizona, China, Arizona, TSMC

☆ The exclusive island where people keep giving away homes for free — even though the typical house costs $3.6 million
▼ + stars: | 2024-04-06 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

But in stark contrast to the eight-figure homes is another common Nantucket practice: giving away homes for free. It is much cheaper, however, to move a "free" house onto a property than to construct an entirely new dwelling. Some of the 'free' homes do good for the communitySome of Nantucket's year-round workforce lives in repurposed "free" homes. Maremagnum/Getty ImagesBuyers of the "free" homes fall into three main categories, Cohen told Business Insider. Since 1994, Housing Nantucket has repurposed 39 "free" homes into income-capped rentals on the island.

Persons: —, Stephen Schwarzman, Dave Portnoy, Anne Kuszpa, It's, Steven Cohen, Cohen, they're, there's, Kuszpa Organizations: Service, Blackstone, Barstool, Wall Street Journal, Housing, Business Locations: Nantucket, Massachusetts, Cape Cod, Housing Nantucket, Miacomet

☆ Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.

Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S

☆ The Taiwan earthquake is a stark reminder of the risks to the region’s chipmaking industry
▼ + stars: | 2024-04-03 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

Chipmakers and governments, including the US government, have in recent years invested billions in efforts to diversify chip production, but many experts worry that process is not happening fast enough. TSMC produces an estimated 90% of the world’s most advanced semiconductor chips, which power countless devices people rely on daily. Still, even an hours-long shutdown of certain chip production could take weeks to recover from. The race to diversify chipmakingWednesday’s earthquake will likely only add pressure to efforts underway for years to grow chipmaking capacity outside of Taiwan. Experts say it’s a sign that the diversification of the chip supply chain is not moving quickly enough to account for the risks of remaining concentrated in Taiwan.

Persons: chipmaker, TSMC, ” TSMC, ”, David Bader, ” Bader, facilites, wasn’t, Joe Unsworth, Foxconn —, Angelo Zino, Joe Biden Organizations: New, New York CNN, Taiwan Semiconductor Manufacturing Company, Apple, Qualcomm, Nvidia, AMD, Institute for Data Science, New Jersey Institute of Technology, Barclays, Tech, United Microelectronics Corporation, Micron Locations: New York, Taiwan, chipmaking, China, United, Japan, Germany, United States, Arizona

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