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☆ Japan, Netherlands to join U.S. in restricting chip equipment exports to China, Bloomberg reports
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +3 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. Deputy Chief Cabinet Secretary Seiji Kihara, a government spokesperson, said Japan would make "appropriate steps" based on the United States' and other nations' regulatory moves. "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.

☆ Morgan Stanley has a ‘simple’ tech playbook, names TSMC and others as stocks to buy right now
▼ + stars: | 2023-01-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Despite the recent rally, few believe the downturn in tech has bottomed — but Morgan Stanley believes investors should not sit on the sidelines. Stay invested even if a recession strikes Morgan Stanley believes investors should continue to selectively own Asia tech names even if a widely anticipated recession materializes, given the sector's historical resilience. Stock picks Morgan Stanley recommends investing in commodity and consumer cyclical companies "that will likely be first to come out of the downturn." Morgan Stanley also likes Samsung Electronics on the back of its market share gains, dividend support and potential for growth through M & A. Morgan Stanley has a price target of 700 Taiwan dollars ($23.10) on TSMC, which implies an upside of around 40%.

☆ Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +3 min

The cell plant would be able to make enough batteries for 2 million light-duty vehicles annually, including batteries using the 4680-type cell. The 4680 is key to Tesla meeting a goal of halving battery costs and ramping up battery production nearly 100-fold by 2030. Panasonic currently supplies cells to the gigafactory, and Tesla assembles them into battery packs there. Tesla has struggled to ramp up production of the 4680 at its factories in Fremont, California, and Austin, Texas. The EV maker aimed to produce 50,000 Semis in 2024, Musk said on a post-earnings call in October.

PREVIEWDave Edwards, the chief executive at Greenville-Spartanburg, said just over a decade ago his airport had no international air cargo operations. BMW today accounts for about a quarter of Greenville-Spartanburg’s roughly 15 international cargo flights a week. Air cargo volumes fell through most of last year as manufacturers and retailers pulled back on orders because of slowing consumer spending. Rockford, about 70 miles from Chicago O’Hare International Airport, has become one of the most successful regional airports for cargo. It is a hub for United Parcel Service Inc. and has attracted air operations for companies including Amazon.com Inc., DSV and A.P.

President Joe Biden is searching for a replacement for National Economic Council (NEC) Director Brian Deese, who is expected to leave soon. Interviews are still ongoing to replace him, according to the sources who declined to discuss an ongoing personnel process. Biden's team is also starting to craft an economic message for his expected 2024 re-election campaign. But reducing high inflation became the administration's top economic priority last year as rising costs began to anger voters. She previously served as the Treasury's point person on international affairs during the Obama administration.

☆ Exclusive: Dutch officials headed to Washington to talk controls on chipmaking gear - sources
▼ + stars: | 2023-01-25 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

Jan 25 (Reuters) - Dutch and U.S. officials will meet in Washington on Friday to discuss potential new controls on exporting semiconductor manufacturing gear to China, with a deal possible by the end of the month, according to two sources familiar with the matter. A deal could be announced as soon as Friday if the two sides can agree on the details, said one of the sources, speaking on condition of anonymity. The source added that it was possible that any deal reached might not be announced immediately. Dutch officials are also adamant the controls be tailored to national security concerns and not give the appearance that the United States is trying to favor its own chipmaking industry, said the second source. However, he said that while a deal may be announced soon, it is less clear whether the technical details of any regulations have been resolved.

☆ 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.

☆ 'Absolutely unique': Fund manager names 2 stocks to play the semiconductor sector
▼ + stars: | 2023-01-18 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The iShares Semiconductor ETF is up 11% this year, in stark contrast to the index's 35.8% decline in 2022. Semiconductor chips are an important component of EVs, and it is for that reason that veteran fund manager Trent Masters is bullish on Arizona-based semiconductor supplier company ON Semiconductor . Masters said a driver-assisted traditional vehicle has about $150 worth of electronic content, while a "Level 5" autonomous vehicle has about $1,600 worth of electronic content. An 'absolutely unique' business Masters is also a fan of Dutch chip firm ASML . The company sells $200 million extreme ultraviolet lithography machines , which are required to make the most advanced chips, to semiconductor manufacturers like Taiwan Semiconductor Manufacturing Company.

☆ Lithuania's Teltonika in semiconductor deal with Taiwan group
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: 1 min

RIGA, Jan 18 (Reuters) - Lithuanian tech firm Teltonika said on Wednesday it had signed a cooperation agreement with Taiwan's Industrial Technology Institute, giving the Baltic company access to semiconductor manufacturing technologies. The deal was valued at 14 million euros ($15.2 million), and was supported by a 10 million euro grant from Taiwan's foreign ministry, it said. ($1=0.9223 euro)Reporting by Andrius Sytas in Riga, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Qualcomm CEO: We'll need to double total semiconductor manufacturing in the next decade
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQualcomm CEO: We'll need to double total semiconductor manufacturing in the next decadeQualcomm CEO Cristiano Amon joins 'Squawk Box' to discuss how Amon's navigated the trying time for semiconductor companies, Qualcomm diversifying its supply chains, and more.

☆ Dutch PM Rutte sees progress in talks on U.S. chip export restrictions
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Jan 17 (Reuters) - Dutch Prime Minister Mark Rutte on Tuesday said he saw gradual progress in talks over new restrictions the United States wants it to implement on exporting chip-making technology to China. "I think that step by step we will be able to reach a good outcome in cooperation," Rutte said in an interview with Dutch TV programme Nieuwsuur following his visit to the White House. The Netherlands is home to ASML Holding NV (ASML.AS), a key maker of semiconductor manufacturing equipment. But he also warned that global supply chains for simpler technologies should not be disrupted by export restrictions. Reporting by Bart Meijer and Toby Sterling, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ 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).

☆ Biden administration imposes China chip curbs on Macau
▼ + stars: | 2023-01-17 | by ( Karen Freifeld | ) www.reuters.com time to read: +1 min

Jan 17 (Reuters) - The Biden administration on Tuesday hit Macau with sweeping new export controls it previously imposed on shipments of advanced chips and chipmaking equipment to Beijing, flagging the risk that the technology could be diverted from the region to the rest of China. The United States in October placed the new restrictions on China, including controls on advanced computing integrated circuits and certain semiconductor manufacturing items, in a bid to thwart China's military modernization and punish it for human rights abuses. Macau has been a Special Administrative Region of China since 1999 when it was returned to Chinese sovereignty from Portuguese administration, the rule noted, adding that China gives Macau limited autonomy in economic and commercial relations. The Macau government information bureau did not immediately respond to a request for comment. Reporting by Karen Freifeld; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ TSMC: World's top chip maker mulls global expansion with plants in Europe, Japan
▼ + stars: | 2023-01-13 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN —Semiconductor giant Taiwan Semiconductor Manufacturing Company (TSMC) may expand its global manufacturing footprint even further. The company is considering opening its first plant in Europe and a second one in Japan, its CEO CC Wei said in an earnings call on Thursday. TSMC, which produces an estimated 90% of the world’s super-advanced chips, has already upped its investment in the United States. The company announced last year that it’s building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. The company is also considering building a second fab in Japan, “as long as the demand from customers and the level of government support makes sense,” he said.

☆ Goldman Sachs says Asia tech is about to rebound — and reveals a chip stock to play it
▼ + stars: | 2023-01-13 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

But Goldman Sachs believes the region's tech sector is headed for a "major bottom" — and subsequent upturn — in the first half of 2023, which could open the door for investors to jump back into Asia tech stocks. Investors seeking to cash in should act early, according to Takayama, who said stock prices will "rebound rapidly." TSMC among top picks One of Goldman's top picks is chip behemoth Taiwan Semiconductor Manufacturing Company . Fourth-quarter revenue at TSMC rose 43% to 625.5 billion Taiwan dollars, which fell short of estimates, according to FactSet data. Nevertheless, TSMC remains an analyst favorite, with 90% of analysts covering the stock giving it a buy rating, according to FactSet.

☆ Cramer's lightning round: Costamare is not a buy
▼ + stars: | 2023-01-13 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Costamare Inc : "I don't like [the] container ship business. I'm not going to say, buy that." Loading chart...Lamar Advertising Co : "They are in a business that is in a serious recession right now. So, I am going to have to say no to that." Loading chart...Taiwan Semiconductor Manufacturing Co Ltd : "Taiwan Semi is just a very, very good company.

☆ TSMC Expects to Outsmart the Chip Downturn
▼ + stars: | 2023-01-12 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

The world’s largest contract chip maker finished 2022 on a high note. But with a recession—or at the very least slower growth—lurking around the corner in the U.S., 2023 will probably be a much more challenging year. Taiwan Semiconductor Manufacturing Co., which counts most of the biggest chip designers including Apple Inc. and Nvidia Corp. as its customers, is a bellwether for the chip industry. And the signal it is sending is worrying—at least for the first half of 2023.

☆ TSMC Warns of Possible Revenue Drop, Spending Cut
▼ + stars: | 2023-01-12 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

Taiwan Semiconductor Manufacturing Co. said that its revenue could drop as much as around 5% in the current quarter and that it could cut this year’s capital expenditures compared with last year, citing weak demand. TSMC , which reported record full-year revenue in 2022, said Thursday that it expected to post between $16.7 billion and $17.5 billion in revenue in the January-to-March quarter, compared with the $17.57 billion from a year earlier. The last time TSMC’s quarterly revenue declined year-over-year was in the first quarter of 2019, according to data from S&P Global Market Intelligence.

Still, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's most valuable chipmaker, forecast growth would return in the second half of this year. "We forecast the semiconductor cycle to bottom sometime in first half and see a recovery in second half 2023," CEO C.C. The world's largest contract chipmaker said its capital expenditure in 2023 would decrease to $32-36 billion from $36.3 billion in 2022. First-quarter revenue is expected in a range of $16.7 billion to $17.5 billion, compared with $17.57 billion a year earlier. For October-December, TSMC booked record net profit of T$295.9 billion ($9.72 billion) from T$166.2 billion a year earlier.

The chipmaker now expects to spend $32 billion to $36 billion, versus $36.3 billion in 2022, and sees first-quarter revenue in a range of $16.7 billion to $17.5 billion, compared with $17.57 billion a year earlier. "We expect the whole industry to drop slightly but TSMC to grow slightly" in 2023, he said. It reiterated on Thursday slower demand was a cyclical issue and 2023 overall would be a slight growth year for the company. For October-December, TSMC booked record net profit of T$295.9 billion ($9.72 billion) from T$166.2 billion a year earlier. Revenue climbed 26.7% to $19.93 billion, versus TSMC's prior estimated range of $19.9 billion to $20.7 billion.

☆ TSMC Q4 profit rises 78%, beats market expectations
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, Jan 12 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) posted a 78% rise in fourth-quarter net profit on Thursday, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker and a major Apple Inc (AAPL.O) supplier, saw net profit for October-December rise to T$295.9 billion ($9.72 billion) from T$166.2 billion a year earlier. TSMC's business has been boosted by a global chip shortage that was sparked by pandemic-fuelled sales of smartphones and laptops. Revenue for the fourth quarter climbed 26.7% to $19.93 billion, versus TSMC's prior estimated range of $19.9 billion to $20.7 billion. Shares in TSMC fell 27.1% in 2022, but are up 8.5% so far this year giving the company a market value of $412.78 billion.

☆ TSMC foots the bill for global chip supremacy
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

Taiwan Semiconductor Manufacturing (2330.TW) on Thursday reported a bumper end to 2022, with December quarter earnings up a blistering 78% year-on-year to a record $9.7 billion. But costs, from overseas expansion, research and development and other factors are forecast to eat into profitability as the market enters a downturn. But TSMC also flagged R&D expenses will rise by a fifth this year, as developing next-generation technology gets pricier. Moreover, the company's new factories in the United States are adding to TSMC's expenses: executives said that construction costs are five times higher in America than in Taiwan. Capital expenditure is also forecast to be as much as $36 billion in 2023, roughly matching last year's level.

☆ TSMC Q4 profit rises 78%, helped by advanced chip sales
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker and a major Apple Inc (AAPL.O) supplier, saw net profit for October-December hit a record T$295.9 billion ($9.72 billion) from T$166.2 billion a year earlier. TSMC's business has been boosted by a global chip shortage sparked by pandemic-fuelled sales of smartphones and laptops. While the shortage has eased, analysts said dominance in making some of the world's most advanced chips has kept the firm's order book full. Revenue for the quarter climbed 26.7% to $19.93 billion, versus TSMC's prior estimated range of $19.9 billion to $20.7 billion. The firm said it spent $36.29 billion on capital expenditure in 2022, compared to a previous forecast of around $36 billon.

☆ Jim Cramer's top 10 things to watch in the market Thursday: CPI matches, Peltz Disney fight
▼ + stars: | 2023-01-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

To be sure, though, the CPI print is good news, ending 2022 down 0.1% month over month and up 6.5% year over year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Big Microsoft AI bet, defensive rotation
▼ + stars: | 2023-01-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Microsoft and Alphabet are both Club stocks. Boeing (BA) downgraded to equal weight from overweight (hold from buy) at Morgan Stanley (MS). Wells Fargo upgrades AT & T (T) to overweight from equal weight (buy from hold); price target up to $22 per share from $17. On the seas, Morgan Stanley downgrades Norwegian Cruise Line (NCLH) to underweight from equal weight (sell from hold). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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