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The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. Intel's investment in Italy is part of a wider plan announced by the U.S. chipmaker last March to invest as much as 80 billion euros ($77.5 billion) over the next decade in building capacity across Europe. A spokesperson for Intel did not comment as negotiations are ongoing and confidential. Intel and the government had also initially considered sites in the Lombardy, Apulia and Sicily regions. The sources declined to provide further details, but Reuters has previously reported that Rome is ready to fund as much as 40% of Intel's total investment in Italy.
REUTERS/Aly SongSHANGHAI, Sept 23 (Reuters) - Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout in tech shares. Two of the ETFs will invest money into the stocks of the 50 biggest chipmakers listed on Shanghai's STAR Market, including Semiconductor Manufacturing International Corporation (SMIC) (0981.HK) and Montage Technology Co (688008.SS). read moreIt also comes amid heightened geopolitical tensions and tech rivalries between China and the United States. The Biden administration took fresh steps in recent weeks to support domestic tech sectors and cut economic reliance on China, sending shares in Chinese biotech and new energy lower. Shanghai's tech-focused STAR Market - which Beijing hopes will fund China's tech self-sufficiency - has tumbled roughly 30% this year.
People visit a Qualcomm booth at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. The jump in future business was thanks to its Snapdragon Digital Chassis product used by car makers and their suppliers, said Qualcomm at its Automotive Investor Day. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology as well as in-car infotainment and cloud connectivity. Earlier this week, chipmaker Nvidia Corp (NVDA.O) also unveiled a new automotive central computer called drive thor to provide autonomous and assisted driving as well as in-car digital entertainment and services. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jane Lanhee Lee and Akash Sriram; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company. There were no further details provided by SoftBank on what a strategic alliance would entail, but it could mark a big shift in strategy for Son and his vision for Arm. I'd like to talk with Samsung about a strategic alliance with Arm," Son said in a statement. SoftBank CEO Masayoshi Son said he is seeking a "strategic alliance" between chipmaker Arm, which is owned by the Japanese giant, and South Korean tech conglomerate Samsung . Since then, SoftBank tried to sell arm to chipmaker Nvidia but the deal fell through in February.
Orders for telecommunications products rose 3.1% in August from a year ago due mostly to cellphone orders, the ministry said. A trend of working and studying from home that started during the COVID-19 pandemic has fuelled a growth in orders for Taiwanese electronics for more than two years. The ministry said it expected this month's export orders to be between 7% and 9.4% lower than those of September 2021. Taiwan's August orders from China fell 25.5% from a year earlier, compared with an annual fall of 22.6% in July. Export orders from Europe rose 14.6%, versus an annual contraction of 5.1% in July, while those from Japan rose 2.2%.
FedEx hasn't exactly been a perfect company in recent years, and Subramaniam acknowledged to Jim that FedEx needs to get its own house in order. However, the traditional recession playbook involves selling energy stocks due to fears of demand collapsing. Mixed bag The stocks discussed here have a mixture of economically resilient and sensitive characteristics to them, such as Microsoft (MSFT) and Apple (AAPL). (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Semiconductor chips are the tiny brains that power our technological world, from cars and cellphones to fighter jets and advanced missile systems. Right now China is awash in money for tech, but you need the right people and customers that trust you. Why China needs the chipsThe Chinese economy is big, but it isn't wealthy. In other words, China needs a more lucrative line of business the same way someone with credit-card debt needs a raise. The Made in China 2025 plan lays out a goal for domestically manufactured chips to meet 70% of China's semiconductor needs within three years.
Every quarter, management teams walk through their earnings reports with analysts and investors on an interactive call, typically on the same day those reports are released. They are also one of the best ways for investors to understand what drove a company's financials and where the business goes from here. In our view, the sellers decided that comment meant that the second half won't be up as much as previously thought. And management still expects an increase in subs in the second half to exceed the first half. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
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