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☆ Dutch defence ministry advised against ASML exports to China in 2020 -FD
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eva Plevier/File PhotoAMSTERDAM, Jan 20 (Reuters) - The Netherlands' defence ministry advised the government in 2020 not to allow semiconductor equipment supplier ASML Holding NV (ASML.AS) to export any of its most modern machines to China, Dutch newspaper Het Financieele Dagblad reported on Friday. The advice has been heeded, as ASML has not shipped EUV technology to Chinese customers. The publication comes as the Dutch government is weighing additional restrictions on ASML's exports of older equipment to China. Prime Minister Mark Rutte said on Jan. 17 he expected a "good outcome" to discussions with the United States on the matter after meeting with President Joe Biden in Washington. "In addition our most important strategic security partner, the United States, has made an urgent appeal to the Netherlands not to export the EUV technology to China."

☆ US-China Tech War: How Money for Semiconductor Factories Costs Americans
▼ + stars: | 2023-01-19 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +15 min

If the first Cold War was defined by the development of nuclear weapons, this Tech Cold War is defined by the computer chip. The massive Intel plant in Ohio is a key part of the race with China for the future of tech. Even before the Intel plant, the Columbus area was well acquainted with these sorts of trade-offs. But, the Ohio State study found, Columbus' residential tax-abatement programs did little to meaningfully address the housing problem, while draining the city's funds. Federal, state, and local subsidies add up to billions of dollars that Intel is saving on its new Ohio semiconductor factory.

☆ Deutsche Bank predicts this autonomous driving play is headed for a 'considerable revenue and earnings acceleration'
▼ + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Mobileye has the potential to further elevate its reputation in the autonomous and assisted-driving world, according to Deutsche Bank. Further, customer reception is gaining momentum, he said, as six carmakers have already signed up for one of its hands-off driving products called SuperVision. MBLY 1D mountain Mobileye stock Rosner expects Mobileye's revenue to hit nearly $6 billion by 2026 and exceed $18 billion by 2030 — up from the $1.8 billion revenue seen in 2022. Per-share earnings should grow similarly from 72 cents in 2022 to $2.40 by 2026 and nearly $8 in 2030. He also said there's also the potential for the company to secure relationships with large automakers such as Ford , Porsche and Audi.

☆ Dutch tech industry urges EU to take a stand on China chip exports
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Jan 17 (Reuters) - Dutch tech industry group FME on Tuesday called for the European Commission to draft a position on whether and how to restrict computer chip technology exports to China, saying "more unified and powerful action" was needed from Europe. The call comes as Dutch Prime Minister Mark Rutte visits U.S. President Joe Biden in Washington. "In these times ... of geopolitical tensions, national and European strategic autonomy is of great importance," said FME chairman Theo Henrar. The Dutch trade minister on Sunday said she shared U.S. concerns about over-reliance on Asian chipmakers and that chip technology had military applications, but the Netherlands would not simply adopt American rules. FME represents the interests of 2,200 Dutch technology firms, including ASML and smaller equipment maker ASM International (ASMI.AS).

☆ Intel CEO says chip supply chains will shape geopolitics more than oil over the next 50 years
▼ + stars: | 2023-01-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Global politics will be dominated by the availability, trade and investment in microchips for the next several decades, Intel CEO Pat Gelsinger told CNN Tuesday. The location of “oil reserves [has] defined geopolitics for the last five decades,” Gelsinger said in an interview with CNN’s Julia Chatterley at the World Economic Forum in Davos. Issues in the chip supply chain in recent years have caused shortages and shipping delays of everything from desktop computers and iPhones to cars. The CHIPS and Science Act will invest more than $200 billion to help companies grow US domestic chip-making and research. Because we’re assuming they’ll help us make these massive investments.”

☆ Apple to start using in-house screens from 2024 - Bloomberg News
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - Apple Inc (AAPL.O) is planning to start using its own custom displays in its mobile devices from 2024 onwards in an attempt to bring more components in-house, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The company intends to begin by swapping out the display in the highest-end Apple Watches by the end of next year. Apple plans to eventually bring these displays to other devices as well, including the iPhone, according to the report. Apple did not immediately respond to a Reuters' request for comment, while Samsung Display, a unit of Samsung Electronics (005930.KS), and LG Display (034220.KS) declined to comment. Bloomberg News had reported on Monday that Apple plans to replace Broadcom Inc (AVGO.O) chips from its devices with an in-house design in 2025.

☆ Apple to replace key Broadcom chip with in-house design - Bloomberg News
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Apple Inc (AAPL.O) plans to replace a Broadcom Inc (AVGO.O) chip from its devices with an in-house design in 2025, Bloomberg News reported on Monday, citing people familiar with the matter. Apple plans to replace Broadcom's Wi-Fi and Bluetooth chip, according to the Bloomberg News report, which added that Apple is the U.S. chipmaker's largest customer. The Cupertino, California-based company accounts for about 20% of Broadcom's revenue. Apple's decision is likely to hit Broadcom revenue by about $1 billion to $1.5 billion, said Stacy Rasgon, an analyst with financial services firm AB Bernstein. Apple and Broadcom did not immediately respond to a Reuters request for comments.

☆ Apple to drop key Broadcom chip in 2025 for in-house design - Bloomberg News
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

Jan 9 (Reuters) - Apple Inc (AAPL.O) plans to drop a Broadcom Inc (AVGO.O) chip used in its devices in 2025 and use an in-house design instead, Bloomberg News reported on Monday, according to people familiar with the matter. The iPhone maker is also looking to swap out Qualcomm Inc's (QCOM.O) cellular modem chips with its own by the end of 2024 or early 2025, according to the report. Apple, Broadcom and Qualcomm did not immediately reply to Reuters' requests for comments. For fiscal 2022, Apple accounted for about 20% of Broadcom's net revenue and contributed at least 10% of revenue for Qualcomm. Apple has been working to limit its reliance on other chipmakers.

☆ Amazon, Charles Schwab and Domino's: These are some of analysts' top picks for 2023
▼ + stars: | 2023-01-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.

☆ Jim Cramer says these 5 Nasdaq losers could rebound in 2023
▼ + stars: | 2023-01-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday named four stocks that he believes could mount a comeback this year. To come up with his picks, he parsed through last year's worst-performing stocks listed in the Nasdaq 100. MicronHe advised investors to wait several months to buy shares of Micron, but make sure to do so before the chip glut is over. Investors interested in the stock should buy it gradually on the way down, he added. IlluminaHe said that while the company is "superb," he'd rather own shares of DanaherDisclaimer: Cramer's Charitable Trust owns shares of Qualcomm and Danaher.

☆ Jim Cramer's top 10 things Thursday: Strong jobs, Amazon cuts staff
▼ + stars: | 2023-01-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

The life sciences and medical diagnostics company is doing so much to help its share price that I find this downgrade curious. Piper Sandler cuts price target on Cyberark Software (CYBR) to $160 per share from $190, suggesting more room to drop. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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.

☆ Dell looks to phase out Chinese chips by 2024 - Nikkei
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: 1 min

Jan 4 (Reuters) - Dell Technologies Inc (DELL.N) plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Qualcomm, Salesforce to build new connected vehicle platform for automakers
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 5 (Reuters) - U.S. chip designer Qualcomm Inc (QCOM.O) and cloud-based software firm Salesforce Inc (CRM.N) plan to develop a new connected vehicle platform for automakers, the companies said on Thursday. The platform for cars with internet access would use Qualcomm's Snapdragon digital chassis and Salesforce's cloud services to help automakers personalize user experiences using real-time data, according to the companies. The Snapdragon digital chassis, used by carmakers and their suppliers, can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. Earlier on Wednesday, Qualcomm unveiled a processor chip for cars called Snapdragon Ride Flex SoC that handles both assisted driving and cockpit functions, including entertainment. Japan's Sony Group Corp (6758.T) also said on Wednesday its newly unveiled prototype of the "Afeela" electric vehicles will use technology from Qualcomm, including its Snapdragon digital chassis.

☆ Qualcomm launches auto chip to handle both assisted driving and entertainment
▼ + stars: | 2023-01-04 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +1 min

OAKLAND, Calif., Jan 4 (Reuters) - Mobile chip maker Qualcomm Technologies, Inc (QCOM.O) on Wednesday unveiled a processor chip for the car called Snapdragon Ride Flex SoC that handles both assisted driving and cockpit functions, including entertainment. Previously those functions were handled on different chips and merging them can help bring down costs, said Nakul Duggal, Qualcomm’s head of automotive. The extra external components that you need, those go down,” Duggal told Reuters. Qualcomm has been steadily building up its automotive business in recent years and in September it said its automotive business "pipeline" increased to $30 billion. Duggal said automotive customers are already trying out the new chip and it would be commercially available in the first half of next year.

Foxconn, formally known as Hon Hai Precision Industry, is gearing up to supply cars, and the chips and batteries that go into them, to global marques. It sees automakers entrusting the company with production in Indonesia, Thailand, Saudi Arabia, the United States and beyond. Getting there requires Foxconn ditching a tried and tested business model. To make smartphones, the company relies on a few factories it owns in China and it has little say over the underlying supply chains and which components to use. Foxconn has also tied up with Ohio-based Lordstown Motors (RIDE.O) in the United States; its factory is already making electric pickup trucks and could start supplying to other American brands within a year.

☆ Samsung Elec to expand chip production at largest plant next year - media
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Dec 26 (Reuters) - Samsung Electronics (005930.KS) plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday. Samsung plans to expand its P3 factory in Pyeongtaek, South Korea, by adding 12-inch wafers capacity for DRAM memory chips, the Seoul Economic Daily reported, citing unnamed industry sources. It will also expand the plant with additional 4-nanometre chip capacity, which will be made under foundry contracts - that is, according to clients' designs - the paper said. P3, which started production of cutting-edge NAND flash memory chips this year, is the company's largest chip manufacturing facility. In October it said it was not considering intentionally cutting chip production, defying the broader industry's tendency to scale back output to meet mid- to long-term demand.

☆ ‘The reshoring craze is real’ — These companies should benefit, experts say
▼ + stars: | 2022-12-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

A lot has been said about reshoring, as companies look to bring manufacturing back to their home countries, particularly the U.S. Reshoring is essentially companies returning operations to their original country from overseas. "The reshoring craze is real, especially as you continue to hear more and more about this general theme of deglobalization," he said. "They sell into the construction of the factory, they sell into the equipment of the factory, the automation of the factory." The company's equipment is needed for big semiconductor manufacturing plants as companies test chips as they are produced, Snyder said.

☆ Micron's weak results indicate Nvidia, AMD and Qualcomm are not out of the woods yet
▼ + stars: | 2022-12-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

But based on what Micron had to say, we're not expecting to see shares of Nvidia, AMD and Qualcomm take off yet. Micron's PC forecast is in line with those from Intel (INTC) and other third-party estimates, Wells Fargo said in a note to clients. Data center/cloud In general, data center chips have been relatively resilient compared with the weakness in consumer-focused areas like PCs and mobile phones. But as concerns mount about a potential recession, there's been concerns that data center could be the next shoe to drop. As mentioned, our investment thesis in Nvidia and AMD rests largely on the long-term growth of their data center businesses.

☆ Jim Cramer's top 10 things to watch in the market Thursday: Stock drop, Micron, AMC
▼ + stars: | 2022-12-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Piper Sandler raises price target on Dollar General (DG) to $288 per share from $273; makes DG a top pick for 2023. Planet Fitness (PLNT) named a top pick for 2023 at Piper, which boosts price target to $93 per share from $79. Truist raises price target on Vail Resorts (MTN) to $292 per share from $270. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

The final estimate of third-quarter U.S. GDP revealed gross domestic product increased at a 3.2% annualized rate, above the previous estimate of 2.9%. Micron Technology Inc (MU.O) slipped 3.2% after the chipmaker forecast a bigger-than-expected second-quarter loss, sparking declines in peers. Declining issues outnumbered advancers for a 5.83-to-1 ratio on the NYSE and a 3.28-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week highs and nine new lows, while the Nasdaq recorded 27 new highs and 180 new lows. Reporting by Shubham Batra, Amruta Khandekar, Ankika Biswas and Johann M Cherian in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

ChatGPT — an artificial intelligence-powered chatbot — is having a viral moment, offering a high-profile glimpse at the maturing technology's capabilities. Like other GPT models, ChatGPT can generate text in a variety of styles and formats, including responses to questions, descriptions, and even entire conversations. The growth of Azure is central to our long-term investment thesis in Microsoft, and artificial intelligence is playing an increasingly prominent role in cloud computing. Additionally, Club holding Alphabet is no stranger to artificial intelligence — and, more specifically, machine learning. While all three models — ChatGPT, Sparrow and LaMDA — have their differences, they share a foundational network architecture known as Transformer.

The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday, slowing down from four back-to-back 75 bps hikes, although Fed Chair Jerome Powell said recent signs of slowing inflation have not brought any confidence yet that the fight had been won. The Fed's policy-setting committee projected it would continue raising rates to above 5% in 2023, a level not seen since a steep economic downturn in 2007. Money market participants currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% by May next year, before falling to around 4.4% by year-end. Wall Street's main indexes have staged a strong recovery since hitting 2022 lows in October on hopes of a less aggressive Fed, but the rally stalled in December due to mixed economic data and worrying corporate forecasts. Tesla Inc (TSLA.O) fell 2.9% after CEO Elon Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion this year and frustrating investors as the company's shares wallow at two-year lows.

☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
▼ + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Asia's year in review: Who had it good — and who had it bad — in 2022
▼ + stars: | 2022-12-15 | by ( Curtis Chin | Jose Collazo | ) www.cnbc.com time to read: +7 min

As the new year approaches, we turn again to our annual look at Asia's winners and losers. Government and business leaders in every major economy — China now included — may well hope 2023 is the year when draconian pandemic-related lockdowns become a matter of history. Underscoring the Taiwanese tech industry's critical role, a Semiconductor Industry Association (SIA)/Boston Consulting Group 2021 study found that 92% of the world's most advanced semiconductor manufacturing capacity is located in Taiwan. With numbers like those, Taiwan's semiconductor industry ends the year on the move, still building ties and winning growing support from business and government in the United States and elsewhere. Mixed Year: Asia's 'love' for cryptoAs in much of the world, investors in Asia — once bedazzled if not bewitched by the crypto industry — end the year in a mixed mood.

A combination of targeted subsidies and local demand will help. China's dependence on foreign suppliers for lithography machines, used to print patterns onto silicon wafers, light-resistant wafer coatings known as photoresists and other vital tools cannot be understated. A 2021 report found that Chinese chipmakers buy less than a fifth of their equipment by value from local suppliers and that the country has localised less than 8% of annual equipment demand. China's equipment specialists, such as little-known firms NAURA Technology Group (002371.SZ) and Advanced Micro-Fabrication Equipment (688012.SS), are probably too small to effectively absorb massive amounts of government funding anyway. The majority of the funds will be used to subsidise the purchase of domestic semiconductor equipment by Chinese chipmakers.

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