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☆ Ferrari CEO says Tesla's success was a 'wake up call' for the auto industry
▼ + stars: | 2023-02-13 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Ferrari is an "emotional car" while Tesla is a "functional car," he said. Ferrari plans to unveil its first fully electric car in 2025, taking it to market in 2026. And Tesla certainly got things moving for the electrification of the automotive industry, Ferrari CEO Benedetto Vigna told Bloomberg. While investing in electric cars, it will "keep offering a mix of technology for as long as it's feasible. As "functional" electric cars, to use Vigna's words, become more and more popular, luxury automakers like Ferrari are getting ready to enter the market.

☆ British semiconductor bosses threaten to move overseas as U.S. and EU splurge on chips
▼ + stars: | 2023-02-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Prime Minister Rishi Sunak's government is yet to announce a strategy outlining U.K. efforts to support the chip industry. And semiconductor bosses in the country are growing frustrated. Pragmatic Semiconductor, a Cambridge-based startup that produces non-silicon chips, warned it may be forced to relocate overseas if the government doesn't issue a plan for the industry soon. The EU, meanwhile, has earmarked 43 billion euros ($45.9 billion) for Europe's semiconductor industry with the aim of producing 20% of the world's semiconductors by 2030. In December, the country was said to be preparing a more than 1 trillion yuan ($147 billion) package for its chip industry, according to Reuters.

☆ Monday's rally raises the stakes ahead of inflation data release — listen to the 'Homestretch'
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: +7 min

I WOULD SAY IT DOES RAISE THESTAKES A LITTLE BIT SO TO SPEAKAHEAD OF CPI TOMORROW JUST INTERMS OF WE HAVE TO GET A GOODINFLATION NUMBER IN ORDER TOKEEP THE RALLY GOING. IF IT COMES IN A LITTLE BIT HOTOR MAYBE EVEN IF IT COMES IN ASEXPECTED, PERHAPS WE SEE SOMESELLING AND PROFIT TAKING THERE. YEAH, JUST IN TERMS OF WHAT ISWORKING TODAY, A LOT OF IT WILLBE TECH. SOME OF IT IS LED BY SOME OF OURNAMES, TOO, WHETHER IT ISMICROSOFT OR A LOT OF SEMISLEADING, NVIDIA, AMD. IT HAS LOST A LITTLE BIT OF ITSJUICE SINCE EARNINGS.

☆ Chinese chipmaker SMIC warns of weak outlook despite record 2022 revenue
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Feb 9 (Reuters) - Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) on Thursday warned of a weak 2023 despite record high sales last year, as slowing demand for electronics placed pressure on its business. Backed by funding from Beijing, SMIC is China's best hope for becoming a global leader in chip manufacturing that can rival Taiwan Semiconductor Manufacturing Corporation (TSMC), the industry's largest foundry. SMIC has seen sales surge over the past two years, as global demand for low-end chips rocketed in the wake of the COVID-19 pandemic and a global chip shortage. On Thursday, it said total revenue for 2022 reached $7.23 billion, up 33.6% from 2021. Nonetheless, it is rapidly expanding capacity across China, announcing plans to build four new chip manufacturing plants since 2020.

☆ Emerging markets are getting attention. Morgan Stanley names the 'highest quality' stocks to play it
▼ + stars: | 2023-02-09 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Emerging market stocks are piquing investor interest. Against that backdrop, Morgan Stanley named a raft of EM stocks it says are of the "highest quality" and are trading at reasonable prices. Morgan Stanley said valuations look "attractive" for the 29 stocks that turned up on its screen. Morgan Stanley likes Alibaba as a play on China's reopening and consumption recovery. Singapore-based utilities firm Sembcorp Industries is another Morgan Stanley favorite.

☆ GM signs exclusive deal for US computer chip production
▼ + stars: | 2023-02-09 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

Semiconductors are a major component of electronic parts such as the computer modules that are required to make automobiles. It’s an unusual agreement in that GM is contracting directly with a firm that will supply manufacturing services to companies that, in turn, provide parts to GM. Under this agreement, the various electronic component manufacturers that make parts for GM will use GlobalFoundries to make semiconductors for them. Last summer, the federal government passed legislation to boost computer chip manufacturing in the United States so companies could import fewer computer components from China. The agreement is also part of an overall plan by GM (GM) to reduce the number of different chips needed to build GM (GM) vehicles.

☆ China's SMIC Q4 revenue up 2% yoy to $1.6 bln, FY revenues reach $7.27 bln
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI, Feb 9 (Reuters) - Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) saw revenue in the fourth quarter of 2022 reach $1.62 billion, up from $1.58 billion the same quarter one year prior according to a market filing published on Thursday. Gross profit was $518.7 million, down from $552.8 million the same quarter one year ago. Revenue for the full year 2022 reached $7.273 billion, a 33.6% year-on-year increase and a record high for the company, though below analyst estimates. Reporting by Josh Horwitz Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ State of the portfolio: What Biden's address means for 10 Club stocks from Caterpillar to Ford
▼ + stars: | 2023-02-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

President Joe Biden 's State of the Union address put the spotlight on multiple tailwinds that will benefit 10 Club holdings including Caterpillar (CAT) and Ford (F). Linde Linde, a longtime Club holding, supplies industrial gases needed at semiconductor manufacturing facilities, known as fabrication plants. 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.

☆ Huawei turns to patents for a lifeline — including those in the U.S.
▼ + stars: | 2023-02-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

In 2022, Huawei announced it signed more than 20 new or extended licensing agreements for its patents. But the sheer number of patents filed meant Huawei ranked fourth last year by the number of patent grants in the U.S., IFI said. For Huawei, licensing its patents to other companies has the potential to claw back a bit of that revenue. Huawei did not break down specific figures, and only said it met its intellectual property revenue expectations for 2021. "I don't think they had a choice in terms of sort of boosting their licensing revenue."

☆ The Phoenix housing bubble spectacularly popped in 2008. Countless signs point towards a similar struggle now. Here's how bad it really is.
▼ + stars: | 2023-02-05 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +9 min

Phoenix's housing market is quickly deteriorating as a pullback in demand triggers home price declines. And as Phoenix's housing market performs an about-face from the dramatic rise it had witnessed from spring 2020 through summer 2022, experts across the country are debating the possibility of the whole market imploding. And as of January 2023, area home sales are down 74% year-over-year, according to John Burns Real Estate Consulting. The Phoenix Valley — a sprawling desert metropolis that's home to nearly 5 million people — is no stranger to speculative real estate bubbles. Phoenix's housing market could be on track to normalizingDespite the numerous indicators of a weakening housing market, Phoenix may simply be facing a correction versus a crash, several experts told Insider.

☆ Japan to restrict chip manufacturing machine exports to China - Kyodo
▼ + stars: | 2023-02-04 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Feb 4 (Reuters) - Japan's government will begin restricting exports of advanced semiconductor manufacturing equipment to China in Spring after it amends a foreign exchange law to allow the change, Kyodo News reported on Saturday. The new regulation will not mention China specifically in a bid to reduce the risk of retaliation by Beijing, the report said, without saying where it obtained the information. Only Washington, however, has acknowledged the existence of the deal, and has yet to release any details of what equipment will be restricted. Reporting by Tim Kelly, Editing by Lincoln Feast. Our Standards: The Thomson Reuters Trust Principles.

TOKYO, Feb 2 (Reuters) - Japan's state-backed chip venture Rapidus will need about 7 trillion yen ($54 billion) of mostly taxpayer money to begin mass producing advanced logic chips in around 2027, its chairman, Tetsuro Higashi, told Reuters on Thursday. "In the past, the United States hindered Japan's chip industry growth. Japan and the United States worry that friction with China will result in semiconductor shortages that could threaten economic growth. Japan's most advanced semiconductor factory is a 40 nanometre plant owned by Renesas Electronics (6723.T). For them, the decision to invest will be taken when they are able assess our technology and production plans."

☆ Qualcomm revenue falls 12%, guidance implies more pain this quarter
▼ + stars: | 2023-02-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Here's how the company did:Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. Revenue: $9.46 billion, vs. $9.60 billion as expected by analysts, according to Refinitiv. Qualcomm's overall revenue decreased 12% year over year in the quarter, which ended Dec. 25, according to a statement. In the quarter Qualcomm and Renault Group announced an extension of their collaboration and said Qualcomm would invest in Ampere, the automaker's electric and software company.

☆ Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry group
▼ + stars: | 2023-02-01 | by ( Karen Freifeld | ) www.reuters.com time to read: +3 min

Feb 1 (Reuters) - A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will not be effective. However, in a lengthy comment dated Jan. 31 on the October regulations, the group expressed concern that the allies' curbs would not be nearly as restrictive as the U.S. controls. It noted that U.S. equipment companies' share of the Chinese market has eroded for the past two years, as Chinese companies anticipated the new curbs. The U.S. Department of Commerce, which issued the October rules and has been working with allies, had no immediate comment. SEMI has over 2,500 members worldwide, including leading U.S. equipment makers Lam Research and Applied Materials.

"Samsung, in a roundabout way, is saying production will decrease slightly," said analyst Kim Yang-jae at Daol Investment and Securities. CHIP PROFIT TUMBLESEarlier on Tuesday, Samsung reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half of this year, though it expects demand to start recovering in the second half. At 4.3 trillion won ($3.49 billion), October-December operating profit was Samsung's lowest quarterly profit in eight years. Some analysts expect the chip business to book a loss in the first quarter, pulling overall profit below that of the fourth. In mobile, Samsung said fourth-quarter profit fell to 1.7 trillion won from 2.66 trillion won a year earlier, as a decline in low- and mid-end smartphone sales was greater than expected.

☆ Factbox: Chinese chipmakers caught in U.S.-China tech spat
▼ + stars: | 2023-01-31 | by ( Josh Horwitz | ) www.reuters.com time to read: +4 min

TSMC is the world's most valuable chipmaker and counts Apple Inc (AAPL.O) and Nvidia Corp (NVDA.O) among major clients. Its government-backing and ambition to make high-end chips caught the attention of the United States which put the firm on its Entity List in 2020. To date, most of SMIC's sales are made using the outdated 45 nanometer process node and above. Since late 2020, this specialisation in older chips has proven a boon due to a global shortage of lower-end chips. It produces DRAM at the 19 nanometer node and is moving into the 17 nanometer node - process nodes behind the industry leading-edge.

☆ U.S. stops provision of licences for export to China's Huawei - FT
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Jan 30 (Reuters) - The Biden administration has stopped providing U.S. companies with licences to export to Chinese telecom equipment firm Huawei, the Financial Times reported on Monday, citing people familiar with the matter. The U.S. commerce department had notified some companies that it would no longer grant the licences, the report said. This potentially implies a move towards total ban on the sale of American technology to Huawei. The commerce department, Huawei and chip equipment maker Applied Materials (AMAT.O) did not immediately respond to Reuters requests for comment. In 2019, the Trump administration imposed a trade ban on Huawei, citing national security concerns, which barred the company from using Alphabet Inc's (GOOGL.O) Android for its new smartphones, among other critical U.S.-origin technologies.

☆ Taiwan export orders seen contracting at faster pace in Dec
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

The median forecast from a poll of 13 economists was for export orders to fall by 25.6% from a year earlier. Taiwan's export orders, a bellwether of global technology demand, fell by a worse-than-expected 23.4% in November. The government last month predicted December's export orders would be between 27.8% and 30.8% lower than those reported a year earlier. Taiwan's export orders are a leading indicator of demand for high-tech gadgets and Asian exports, and typically lead actual exports by two to three months. Poll compiled by Veronica Khongwir and Carol Lee; Reporting by Ben Blanchard; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Japan's chip equipment makers in the dark about new China export restrictions
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +3 min

TOKYO, Jan 30 (Reuters) - Japanese makers of semiconductor manufacturing machinery and materials used to make chips said on Monday they had yet to hear from Japan's government about export restrictions that could directly or indirectly affect their business in China. Without knowing the details of any new restrictions it is impossible to know their impact, he said. Its statement followed a Bloomberg report that the United States had secured a deal with the Netherlands and Japan. Among them was Tokyo Electron Ltd (8035.T), Japan's biggest semiconductor manufacturing machinery maker. Shares of Japanese semiconductor equipment makers were mostly flat on Monday, with Tokyo Electron up 0.68% while Advantest Corp (6857.T) fell 0.32%.

☆ Biden's semiconductor push has states jockeying for federal cash
▼ + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

The prospect of that much cash has sparked a scramble among states to pitch themselves as the best place to spark a semiconductor boom. In anticipation of the federal funds, semiconductor companies have already been making billions of dollars in commitments. President Joe Biden arrives for a ceremony at the groundbreaking of the new Intel semiconductor manufacturing facility near New Albany, Ohio, on Sept. 9, 2022. The Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, on Dec. 6, 2022. But scaling up a U.S. semiconductor industry in a matter of years rather than decades is rife with challenges, said industry leaders.

☆ ASML: Steps made towards deal on curbing exports to China
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +1 min

THE HAGUE, Jan 28 (Reuters) - ASML Holding NV (ASML.AS) said on Saturday it understood progress had been made towards an agreement among several governments on new restrictions on semiconductor manufacturing equipment exports to China. ASML, a key supplier to chipmakers, has been restricted from selling its most advanced tools to China since 2019. Tensions between the United States and China over semiconductors have steadily worsened since then, prompting Washington in October to impose export restrictions on its own chip manufacturing equipment companies. "It is our understanding that steps have been made towards an agreement between governments which, to our understanding, will be focused on advanced chip manufacturing technology, including but not limited to advanced lithography tools," ASML said. Its statement follows a Bloomberg report on Friday that said the United States, Japan and the Netherlands had reached an agreement following months of talks.

☆ Japan, Netherlands to join US in restricting chip equipment exports to China-Bloomberg
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Jan 27 (Reuters) - Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Japan would impose similar restrictions on Nikon Corp (7731.T), the report said. "We have been in discussion with the United States and other countries regarding the export-control regime," Yasutoshi Nishimura, Japan's Minister of Economy, Trade and Industry, told reporters on Friday. "A balance needs to be struck so no one among Japan, the United States and Europe will be disproportionately disadvantaged. Japan expects sales at affected chip-related companies to rebound quickly because the market for their equipment is expanding, a trade and industry official involved in overseeing semiconductor firms told Reuters.

☆ Japan, Netherlands to join US in China chip controls -Bloomberg
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Jan 27 (Reuters) - Japan and the Netherlands will join the United States in implementing export controls on semiconductor manufacturing equipment to China soon, Bloomberg News reported on Friday. The trilateral talks are set to conclude as early as Friday U.S. time, the report said, citing people familiar with the matter. The Netherlands would expand restrictions on ASML Holding NV (ASML.AS) in a move that would prevent the sale of machines that are crucial to making certain types of advanced chips, Bloomberg reported. Japan would set similar limits on Nikon Corp (7731.T), it said. read moreReporting by Kantaro Komiya Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. secures deal with Netherlands, Japan on China chip export limit- Bloomberg
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] White House national security adviser Jake Sullivan addresses the daily press briefing at the White House in Washington, U.S. September 30, 2022. REUTERS/Jonathan Ernst/File PhotoWASHINGTON, Jan 27 (Reuters) - The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on Friday, Bloomberg reported, citing people familiar with the matter. Officials from the Netherlands and Japan were in Washington discussing a wide range of issues in talks led by White House national security adviser Jake Sullivan. John Kirby, the White House national security spokesperson, earlier said the officials were talking about issues that are "important to all three of us." When asked about the Bloomberg report, the White House declined to comment beyond Kirby's earlier remarks.

☆ Intel is becoming accidental ad for friendshoring
▼ + stars: | 2023-01-27 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

Its plan to catch up to rival Taiwan Semiconductor Manufacturing (2330.TW) in technology and manufacturing prowess, always ambitious, now looks implausible. If the U.S. government is keen to nurture a domestic chip industry, Intel is becoming an accidental advertisement for friendshoring. And as the building of data centers has cooled, revenue at the Intel unit that makes chips for them declined 33%. The bigger problem for Chief Executive Pat Gelsinger is that its chief rival TSMC is still making strides, and producing smaller chips, at just 3 nanometers. Intel estimated first-quarter revenue would be between $10.5 billion and $11.5 billion.

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