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☆ Dutch curb chip equipment exports, drawing Chinese ire
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +4 min

"We have taken this step in the interest of our national security" said Dutch Trade Minister Liesje Schreinemacher, adding such equipment may have military applications. Schreinemacher said a "very limited" number of companies and product models would be affected, and China was not named. But the Chinese Embassy in the Netherlands described the move as an "abuse of export control measures" that violate trade rules. ASM International, which makes atomic layer deposition tools, said it did not expect a material change to its forecasts as a result of the Dutch rules, which also discuss that technology. The new Dutch list may later be adopted by other European countries or added to the EU list, though few European firms export high-end chipmaking equipment.

Persons: ASML, Liesje Schreinemacher, Schreinemacher, Toby Sterling, Louise Heavens, Mark Potter Organizations: Dutch Trade, Embassy, U.S, Washington, ASM International, Lam Research, Materials, Reuters, Union, EU, Zeiss, Thomson Locations: China, AMSTERDAM, U.S, Beijing, Netherlands, Dutch, Japan, Taiwan, ASML

☆ Amid US pressure, Dutch announce new chip equipment export rules
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, June 30 (Reuters) - The Dutch government on Friday announced new rules restricting exports of certain advanced semiconductor equipment, a move that comes amid U.S. pressure on its allies to curb sales of hi-tech components to China. "We have taken this step in the interest of our national security" said Trade Minister Liesje Schreinemacher, adding such equipment may have military applications. The rules, which will require companies that make advanced chipmaking equipment to seek a licence before they can export it, are expected to go into effect on Sept. 1. A technical document specifying which equipment will require a licence accompanied the announcement. Reporting by Toby Sterling Editing by Andrew Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Liesje Schreinemacher, Toby Sterling, Andrew Heavens, Mark Potter Organizations: Thomson Locations: AMSTERDAM, China

☆ US threat gives ASML new headache on China exports
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, June 30 (Reuters Breakingviews) - ASML (ASML.AS) now has to look to Washington, not its home government in The Hague, to determine which of its top-class chip-making machines it can still sell to Chinese companies. The Dutch government on Friday moved to restrict sales by the $294 billion semiconductor giant of EUV and certain types of its DUV lithography machines. That gives Biden reach over not only Dutch firms but also suppliers like Germany’s Trumpf and Zeiss, which make lasers and lenses respectively. ASML said Friday's Dutch announcement won’t have a material impact on its bottom line. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Joe Biden, Biden, ASML, Rebecca Christie, ’, crouch, George Hay, Pranav Kiran Organizations: Reuters, China’s, HK, Zeiss, Union, Twitter, Thomson Locations: BRUSSELS, Washington, The Hague, U.S, Netherlands, Japan, Brussels

☆ U.S., Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: +4 min

Japan, home to chip equipment makers Nikon and Tokyo Electron , has since adopted rules to restrict exports of 23 types of semiconductor manufacturing equipment that will take effect July 23. ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process.

Persons: Mark Rutte, Joe Biden, Liu Pengyu, ASML Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon, Tokyo, U.S, SMIC, International Locations: Netherlands, U.S, China, United States, Washington, Japan, ASML'S, Almere

☆ Exclusive: US, Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process. Other companies that could be impacted by the new Dutch rules include atomic layer deposition firm ASM International.

Persons: Liu Pengyu, ASML, Karen Freifeld, Toby Sterling, Anna Driver, Stephen Coates Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon Corp, Tokyo Electron, U.S, SMIC, International, Thomson Locations: United States, Netherlands, U.S, China, Washington, Japan, ASML'S, Almere, Amsterdam

☆ Factbox: Japan ramps up efforts to strengthen its chip industry
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +4 min

Below are investments in Japan announced by chipmakers and measures the government is taking to revive its semiconductor industry. Sony Group (6758.T) and auto parts maker Denso (6902.T), which will use the chips TSMC makes, are also investors. It said it would be the first chipmaker to bring EUV technology to Japan for production. It has offered TSMC a 476 billion yen subsidy, or about half the expected cost of the factory. Rapidus secured an initial 70 billion yen of funding from the government, and local media reported in April that the government was finalising a plan to provide an additional 300 billion yen.

Persons: TW, Rapidus, JIC, Makiko Yamazaki, Sam Nussey, Tim Kelly, Miho Uranaka, Miyoung Kim, Jamie Freed Organizations: Semiconductor, chipmakers, Taiwan Semiconductor Manufacturing, Sony Group, Micron Technology, Samsung Electronics, Reuters, Business Machines, IBM, Samsung, Nikon, Tokyo, Japan Investment Corp, Innovation Network Corp of Japan, Toshiba, Japan Industrial Partners, Thomson Locations: TOKYO, Japan, Kyushu, Denso, KS, Yokohama, Japan's, Chitose, Hokkaido, Rapidus, U.S, China, State

☆ Forget Nvidia: Fund manager says buy these two chip giants instead, giving one 30% upside
▼ + stars: | 2023-06-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But Jordan Cvetanovski, chief investment officer and portfolio manager at Pella Funds Management, told CNBC Pro this week that he wouldn't buy Nvidia as it's simply too expensive right now. "AI is a great story, Nvidia is a great story but a poor investment due to its valuation." ASML versus TSMC While ASML and TSMC will both benefit from AI, one has an edge over the other, according to Cvetanovski. "TSMC is arguably a great story at a great valuation making it a very strong investment for us. According to FactSet, analysts covering both TSMC and ASML give them around 10% upside each on average.

Persons: Jordan Cvetanovski, ASML, Cvetanovski, TSMC Organizations: Nvidia, Pella Funds Management, CNBC Pro, Apple, Investors Locations: Pella

☆ Two of the world's most critical chip firms rally after Nvidia's 26% share price surge
▼ + stars: | 2023-05-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Dutch firm ASML and Taiwan's TSMC , two of the world's most important semiconductor firms, got a share price boost on Thursday after Nvidia's earnings impressed investors. The rise in Nvidia's stock has sparked a rally in chip names globally. And TSMC relies on machines from ASML, which are required to manufacture the world's most advanced semiconductors. The stock price rally across the industry highlights the concentrated nature of the semiconductor supply chain. This tool is required to make cutting-edge chips, the likes of which are required by Nvidia for its top-end GPUs.

Persons: Taiwan's TSMC, Colette Kress, ASML Organizations: Nvidia, Wall, AI, chipmaker, Apple Locations: U.S, Netherlands, Taiwan

☆ EVs to avoid if you want to dodge battery replacements that can cost up to $20,000
▼ + stars: | 2023-05-22 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

EV battery replacements could cost anywhere from $5,000 to $20,000, according to Recurrent. One of the biggest concerns that prospective electric-car buyers have is if they'll ever have to make a costly battery replacement. Excluding major recalls for the Chevrolet Bolt EV and EUV and Hyundai Kona Electric, of the EVs studied by battery health reporting firm Recurrent, only 1.5% have received battery replacements. Including the two well-known EV battery pack recalls raises that percentage of battery replacements to 6.5%, according to Recurrent, or 975 of the 15,000. Automakers have a variety of EV battery warranties to assuage fears about potential replacements.

☆ Nvidia, AMD, Micron lead chip sector higher with AI, Japan in focus
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

May 18 (Reuters) - Shares in Nvdia Corp (NVDA.O), Advanced Micro Devices and Micron Technology (MU.O) on Thursday provided the biggest boosts to the chip sector, which outperformed the broader market as investors looked for ways to invest in artificial intelligence and in Japan. Shares in chip design software company Synopsys (SNPS.O) shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Nvidia, which is up 116% so far in 2023, is due to report quarterly results on May 24. Nvidia shares hit highest level since December 2021 while Micron shares touched highest point since June 2022. Trailing behind the chip sector, the S&P 500 technology index (.SPLRCT) was up 2.1% and the S&P 500 growth index (.IGX) rose at a slower 1.0% pace.

☆ Analysis: GM's 2025 EV output could be crimped by battery bottleneck
▼ + stars: | 2023-05-18 | by ( Paul Lienert | ) www.reuters.com time to read: +4 min

"We have not changed our targets," GM spokesman Jim Cain said. Those targets include cumulative EV production of 400,000 from early 2022 through mid-2024, a revised goal that CEO Mary Barra reiterated earlier this year. "We believe GM’s targets are hittable despite hurdles to get there," Wedbush auto analyst Dan Ives said. GM has not issued specific North American EV production targets for 2024 and 2025. GM’s North American EV production targets beyond 2025 “will continue to push the limits” of its battery plants, according to AFS, including a recently announced fourth factory with new partner Samsung SDI (006400.KS) that isn’t expected to open until 2026.

☆ Ahead of G7, Japan PM welcomes more investment from global chipmakers
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 18 (Reuters) - Prime Minister Fumio Kishida said he welcomed and expected more investment from global chipmakers in Japan, which is striving to revive its chip sector, after meeting top executives on Thursday before a Group of Seven summit. Growing Taiwan and U.S. tensions with China have brought serious challenges to the semiconductor industry, with Taiwan a major producer of chips used in everything from cars and smartphones to fighter jets. "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. In particular, Kumamoto prefecture in southwestern Japan is quickly becoming a hotbed for tech investment from companies including TSMC and Fujifilm Holdings Corp (4901.T). The G7 summit runs from Friday to Sunday, and Kishida is set to meet with U.S. President Joe Biden later on Thursday.

☆ Micron to invest $3.7 bln in Japan for new DRAM chips
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 17 (Reuters) - Micron Technology Inc (MU.O) said on Wednesday it plans to invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology over the next few years with support from the Japanese government. The latest extreme ultraviolet lithography (EUV) chipmaking machines will be used to make 1-gamma chips, which can be used for mass production of material required in complex applications such as image processing networks. Micron will be the first semiconductor company to bring EUV technology to Japan for production, the company said, adding that it expects to ramp EUV into production on the 1-gamma node in Taiwan and Japan from 2025 onwards. The announcement comes after the U.S. memory chip maker kicked off mass production of its new high-capacity low-power 1-beta dynamic random access memory (DRAM) chips at its plant in Hiroshima last year. DRAM chips are memory chips that lose the memory when the power is off.

☆ Japan PM expects more investment from global chipmakers
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

TOKYO, May 18 (Reuters) - Japanese Prime Minister Fumio Kishida said he expected additional investment from global chipmakers in Japan after meeting top executives on Thursday ahead of a Group of Seven (G7) summit. Executives from Micron Technology Inc (MU.O), IBM Corp (IBM.N), Applied Materials (AMAT.O) and Samsung Electronics (005930.KS), among others, also met Kishida. The company is also poised to get about 200 billion yen in financial incentives from Japan to help it make next-generation memory chips in the country, Bloomberg News reported on Wednesday. read moreKishida also said the government would work on expanding foreign direct investment in Japan. read more($1 = 135.0500 yen)Reporting by Kantaro Komiya Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ 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).

☆ Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
▼ + stars: | 2023-05-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

In this article HTZ Follow your favorite stocks CREATE FREE ACCOUNTTesla Model 3 electric vehicles at a Hertz neighborhood location. These deals began to roll out last year, after Hertz's first Teslas hit the road in 2021 and experiments with rental EVs extended back over the past decade. "At the end of [March], we had about 50,000 electric vehicles in our fleet, comprising approximately 10% of total cars," Scherr said. Hertz has also told analysts that the growing EV rideshare market can be a buffer against traditional quarterly peak to trough experienced in the leisure business. The benefits of using an EV begin with a $1 per ride credit to the driver for using an EV, Uber spokeswoman Alix Anfang said.

☆ Russia's scramble to find microchips for its weapons hints at struggles the US and China could face in a future war
▼ + stars: | 2023-05-11 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Russia's scramble to find microchips for its weapons hints at struggles the US and China could face in a future war. Russian strikes and microchipsA Ukrainian military official with electronics from a destroyed Russian T-90M tank in Kyiv in March. Oleksii Chumachenko/Anadolu Agency via Getty ImagesWestern-made microchips and processors power many of Russia's weapon systems, even its most advanced missiles and aircraft. ASML is the only firm that produces extreme ultraviolet, or EUV, lithography machines, which are needed to make advanced microchips. A US-Chinese clash over Taiwan, or some other disruption, like a Chinese blockade, that halts exports of advanced semiconductors would affect numerous other industries.

OAKLAND, California, May 4 (Reuters) - Impact Nano, a Massachusetts-based startup that makes specialty chemicals for the semiconductor industry and others, said on Thursday it raised $32 million in funding from investors including Intel Capital and Goldman Sachs Asset Management. And they are made in regions of political instability," said Matthew Stephens, CEO and co-founder of Impact Nano. Stephens said Impact Nano is inventing new ways to produce chemicals that chip makers use. Stephens also said Impact Nano is looking to apply for some of the CHIPS Act funding that will support the suppliers for semiconductor manufacturing. Goldman Sachs Asset Management is part of Goldman Sachs Group Inc (GS.N) and Intel Capital is the investment arm of U.S. chip giant Intel Corp (INTC.O).

☆ Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales
▼ + stars: | 2023-04-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTA Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBCDETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors . The Bolt EV would start at $26,595, followed by the Bolt EUV at $28,195. A 2019 Chevrolet Bolt EV caught fire at a home in Cherokee County, Georgia on Sept. 13, 2021, according to the local fire department. Cherokee County Fire DepartmentStill, GM touted the Bolt EV as proof of the concept for its electric-powered future.

☆ China's top chipmaker will 'struggle' to make cutting-edge chips competitively
▼ + stars: | 2023-04-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

China's largest chipmaker SMIC won't be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC. Vcg | Visual China Group | Getty ImagesChina's largest chipmaker SMIC won't be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC. Following the 2020 sanctions, the U.S. last year introduced sweeping export restrictions aimed at cutting China off from advanced chip tech and equipment. The Netherlands as well as Japan have reportedly followed the U.S. in imposing rules aimed at restricting China from accessing advanced chip tech. "Can SMIC produce in a commercially viable way scaled by the hundreds of thousands or tens of millions in some cases?

☆ Get America's cheapest electric car while you still can
▼ + stars: | 2023-04-25 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Launched in 2016, the Bolt EV is the cheapest electric car in America. General Motors is axing the electric hatchback (and its SUV relative, the Bolt EUV) from its lineup this year, it announced Tuesday. The Chevrolet Bolt EV electric hatchback. The Bolt EV, which launched in 2016, is America's cheapest EV at $26,500 (or $19,000 after a $7,500 federal tax credit). The 2022 Chevrolet Bolt EUV.

☆ GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
▼ + stars: | 2023-04-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Steve Fecht for ChevroletDETROIT – General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company's first-quarter earnings. The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company's electric vehicle sales to date. General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. But Bolt sales never caught on as well as many executives hoped, as EV sales overall remained minuscule outside of Tesla . The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat.

☆ Chevrolet Bolt, GM’s first popular electric vehicle, ends production this year
▼ + stars: | 2023-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Chevrolet Bolt EV, General Motors first fully electric vehicle to be built and sold on a large scale, will go out of production by the end of this year. These new electric vehicles will be based GM’s new electric vehicle platform, Ultium, which is not used by the Bolt. The Bolt was, for a number of years, the best-selling electric vehicle in America that was not made by Tesla, although the gap was very wide. In all other respects, though, it was very similar to the Bolt EV, including the fact that it was available only with front-wheel-drive. To do that, GM engineers created a flexible electric vehicle architecture called Ultium that will be the basis of future GM vehicles.

☆ VW, Rivian, Nissan, BMW lose access to US EV tax credits
▼ + stars: | 2023-04-17 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Aly Song/File PhotoApril 17 (Reuters) - The U.S. Treasury said on Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new rules for battery sourcing. VW said it was "fairly optimistic" the ID.4 SUV will qualify for the tax credit. Treasury also disclosed General Motors Co (GM.N) electric Chevrolet Bolt and Bolt EUV will qualify for the full $7,500 tax credit. GM said earlier it expected at least some of its EVs would qualify for the $7,500 tax credit under the new rules, including the 2023 Cadillac Lyriq and forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV. Treasury in December said EVs ineligible for the $7,500 consumer tax credit could qualify for a commercial leasing $7,500 credit.

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