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☆ Chip stocks tumbled in 2022. How to play the sector in the new year
▼ + stars: | 2023-01-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Semiconductor stocks suffered a series of blows in 2022 as demand for consumer discretionary items fell off a cliff and supply chain disruptions continued. Betting on semiconductor favorites Despite ongoing volatility, some analysts and investors are still betting on once high-flying names in 2023, even though the challenges of 2022 continue. One of those is Advanced Micro Devices, a chip stock commonly connected with PC and server chips that fell hard in 2022. Texas Instruments held up better than the rest of the semiconductor market in 2022, shedding a little more than 12%. Bailey is mostly shying away from former, rapid growth names, with small bets on ASML and Marvell for clients looking for possible higher growth.

HONG KONG, Jan 5 (Reuters Breakingviews) - Western Digital (WDC.O) faces a daunting M&A challenge. Both outfits specialise in a type of memory chip called NAND flash, which is used in smartphones, computers and data centre servers. Yet even if the logic for a combination looks more compelling against this backdrop, the M&A hurdles Western Digital faced in 2021 are even more challenging today. The union between Western Digital and Kioxia will be a long slog, but worth it. Shares of Western Digital rose 7.7% to $35.63 during after-hours trading in New York on Jan. 4.

☆ Wall Street is bullish on this chip giant, with Morgan Stanley giving it 55% upside
▼ + stars: | 2023-01-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The once-hot chip sector was hit hard in 2022, with the PHLX Semiconductor Sector Index falling around 37% over the year. And one name keeps coming up as a top pick: Taiwan Semiconductor Manufacturing Company (TSMC). But analysts overall remain positive, with 90% of those covering the stock giving it a buy rating, according to FactSet, and average price target upside of 37%. Morgan Stanley also named TSMC as a top pick in a December note, giving it a price target of $700, or upside of 55%. It explained that the semiconductor industry must continue to invest at a high level in order to achieve future growth, however "investment efficiency" has deteriorated.

☆ South Korea plans tax breaks on domestic chip and tech investments
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Jan 3 (Reuters) - South Korea said on Tuesday it plans to offer large tax breaks to semiconductor and other technology companies investing at home to strengthen its supply-chain security while boosting the economy. Companies making capital investment at home would be given up to a 35% tax deduction which would help companies save more than 3.6 trillion won ($2.82 billion) in 2024 tax payments, the finance ministry said in a statement. This move comes after other countries, such as Taiwan, home to the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), and the United States announced plans to bring chip production on shore and bolster the domestic industry. The South Korean finance ministry added that the tax break plans were subject to approval by the parliament, which is dominated by the opposition. ($1 = 1,276.1200 won)Reporting by Choonsik Yoo; editing by Christian Schmollinger and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

The appearance with McConnell, R-Ky., and other regional leaders from both parties Wednesday signals a dual focus for a White House aiming to stay above the political fray in 2023. But the bipartisan infrastructure law will be front and center as the White House says 20,000 new projects funded by the law will be underway in the year ahead. On Thursday, White House infrastructure coordinator Mitch Landrieu will visit San Francisco, one week after outgoing House Speaker Nancy Pelosi announced that the city’s iconic Golden Gate Bridge will undergo a $400 million retrofit funded by the law. “I’ve never been more optimistic about America in my whole career,” Biden said during an appearance on ABC’s New Year’s Eve special. When asked Friday about whether the 2024 election has come up in discussions this week, Biden quipped: “There’s an election coming up?"

☆ Taiwan to plough $12 bln in excess tax revenue back into economy in 2023
▼ + stars: | 2022-12-31 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Dec 31 (Reuters) - Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsidies for electricity prices, President Tsai Ing-wen said on Saturday. Tsai, in a statement from her office following a meeting of senior economic officials, said the government must make preparations in advance for the "more severe challenges" the global economy faces in 2023. For 2023, it projected GDP would grow 2.53%, compared with an earlier forecast of 2.9%. The economy grew 4.01% in the third quarter from a year earlier. ($1 = 30.5770 Taiwan dollars)Reporting by Jeanny Kao; Writing by Ben Blanchard; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Joe Biden's biggest successes and failures in his second year in office
▼ + stars: | 2022-12-31 | by ( Nicole Gaudiano | Brent D. Griffiths | ) www.businessinsider.com time to read: +15 min

His second year in office was marked by historic legislative achievements despite Democrats' razor-thin majority in Congress. Here are some of the highs and lows from Biden's second year:Success: UkrainePresident Joe Biden talks with Ukrainian President Volodymyr Zelenskyy outside the White House. Conservative New York Times columnist Bret Stephens in September called the "staggering gains" by Ukrainian forces "a victory for Joe Biden, too." Universal pre-K was included in a sweeping spending plan passed by House Democrats until their Senate colleagues cut that out too. Failure: InflationPresident Joe Biden arrives for an event focused on inflation and the supply chain at the Port of Los Angeles in June.

☆ TSMC starts volume production of most advanced chips in Taiwan
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

TAINAN, Taiwan, Dec 29 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world's largest contract chipmaker's investment plans at home and abroad. TSMC has a dominant position as a maker of advanced chips used in technology from cellphones to fighter jets. Taiwan's government has dismissed concerns about a "goodbye to Taiwan" trend for the chip industry, saying the island's position as a major semiconductor producer and maker of the most advanced chips is secure. TSMC said it was working to build factories for the next generation 2-nanometre chips, which were planned to be manufactured in northern and central Taiwan.

☆ Amazon planning standalone app for sports content - The Information
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: 1 min

Japan lawmaker says TSMC is considering second plant in Japan, article with imageTechnology category · December 23, 2022A senior Japanese lawmaker said on Friday that Taiwan Semiconductor Manufacturing Co , the world's largest contract chip maker, is considering building a second plant in Japan in addition to an $8.6 billion dollar facility now under construction.

☆ Will 2023 be a better year for the chip sector? Wall Street pros weigh in and share their top picks
▼ + stars: | 2022-12-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

It's been a tough year for the once-booming semiconductor sector. But several Wall Street pros are urging investors to take a longer-term view on the sector, given the importance of the semiconductor chip in several key secular trends. The bank said the next leg of growth for the sector will be led by government spending on renewable energy and carbon neutrality. The bank named Analog Devices , Marvell Technology , Globalfoundries and Microchip Technology among its top stock picks in the chip sector. TSMC in the headlines One chip stock that has consistently been on investors' radars is semiconductor powerhouse Taiwan Semiconductor Manufacturing Company (TSMC).

☆ Privacy and crypto will likely lead tech policy under split Congress as hope for passing ambitious antitrust reforms dwindles
▼ + stars: | 2022-12-27 | by ( Lauren Feiner | ) www.cnbc.com time to read: +9 min

After what started as a hopeful year for tech policy, the 117th Congress is about to close out its term with many key efforts tabled. That's the case with privacy legislation, where a bill proposed this year gained bipartisan support, passing out of a House committee with a near-unanimous vote. The pair blamed the bills' failure to advance on intense lobbying efforts by the tech industry against them. One prominent bipartisan bill in the Senate would put the CFTC in charge. "But the importance of tech policy issues will still be strong."

☆ Top Wall Street analysts say buy these stocks in a challenging 2023
▼ + stars: | 2022-12-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

related investing news Analysts' favorite growth stocks for 2023 include two electric vehicle charging companies expected to double Goldman Sachs unveils its top buy-rated stocks for 2023 A long-term focus allows investors to tune out the noise from daily volatility and focus on building a strong portfolio. Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. "While a softer 2023 is expected, Nova expects to once again outpace WFE spending," said Miller. MetaComing to yet another one of White's favorite stocks, Meta Platforms (META), the analyst remained bullish with a buy rating and a $150 price target. The company is wrapping up a difficult year full of challenges, which are expected to carry over into 2023.

☆ Pro-Biden super PAC plans 2024 focus on Pennsylvania, Wisconsin, and Michigan
▼ + stars: | 2022-12-25 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

A pro-Biden super PAC is getting ready for Joe Biden to announce his reelection campaign. Unite the Country plans to target Pennsylvania, Wisconsin, and Michigan once he officially announces he's running. The pro-Biden super PAC Unite the Country plans to target those battleground, Democratic-leaning states with a messaging blitz once Biden officially announces he's running for reelection. They spent about $6 million through November during the 2022 election cycle, with a focus on Michigan, Wisconsin, Pennsylvania, and Arizona. Loveday said she hasn't discussed Biden's plans with him, but she has "full confidence" that he will run in 2024.

WASHINGTON — It was a busy year for Congress, which passed a slew of consequential bills, most of which enjoyed support from both parties. As two years of full Democratic control come to an end, here are five of the most significant bills passed in 2022. The Electoral Count Reform Act will revise the 1887 Electoral Count Act to make clear the vice president cannot discount electoral votes. It’ll raise the threshold for objections from one member of each the House and Senate to one-fifth of both chambers. The legislation came about after the new 6-3 conservative majority on the Supreme Court voted last summer to overturn Roe v. Wade, prompting critics to fear that it could do the same to same-sex marriage rights.

☆ TSMC in talks with suppliers over first European plant - FT
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

Dec 23 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW) is in advanced talks with key suppliers about setting up its first potential European plant in the German city of Dresden, the Financial Times reported on Friday. The Taiwanese firm's talks with several materials and equipment suppliers are focused on whether they can also make the investments required to support the plant, the report said, adding that if it presses ahead with a Dresden plant, it would focus on 22-nanometre and 28-nanometre chip technologies. TSMC has maintained it had not yet made a decision on a plant in Europe, but that no options were being ruled out. Earlier this month, TSMC said it would more than triple its planned investment at its new Arizona plant to $40 billion, among the largest foreign investments in U.S. history. The company expects its Phoenix factories to create 13,000 high-tech jobs, including 4,500 under TSMC and the rest filled by suppliers.

☆ ‘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.

☆ Japan lawmaker says TSMC is considering second plant in Japan
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Dec 23 (Reuters) - A senior Japanese lawmaker said on Friday that Taiwan Semiconductor Manufacturing Co (2330.TW), the world's largest contract chip maker, is considering building a second plant in Japan in addition to an $8.6 billion dollar facility now under construction. "I believe TSMC is looking into further investments in Japan. TSMC said in an emailed statement that it did not rule out any possibility for Japan but there were no concrete plans at the moment. The Taiwanese company is building a chip plant in southern Japan, with Sony Group Corp (6758.T) and auto parts maker Denso Corp (6902.T) each taking a minority stake. "Technological innovation is fierce in the semiconductor industry," Seki said.

☆ The renewed 'Made in America' wave is going to make stuff like clothing and electronics more expensive
▼ + stars: | 2022-12-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

It's in response to the supply chains disruptions companies have faced in recent years. The headaches US corporations have faced are leading more of them to bring their supply chains closer to home and more under their control. Just under half (46%) said they were adjusting supply chains, and around a third (32%) said they were onshoring their workforce. But if more companies shift their supply chains closer to home, this could slowly begin to change. If reshoring companies have to raise wages to attract workers, they may decide to raise prices even further to protect their margins.

☆ Bowling Green, Kentucky is the next big U.S. city
▼ + stars: | 2022-12-22 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

Biden solidified his push to reverse the tide of globalization in August 2022 with two major pieces of legislation. The CHIPS and Science Act provided $53 billion to bring semiconductor manufacturing and development to the United States. But Rust Belt states - once manufacturing powerhouses that slumped in the era of deindustrialization - also stand to win big. Hourly wages in the United States are 12 times higher than those in India, according to data from NationMaster. For the United States, though, Biden’s actions will be a boon to parts of the country left behind by the rapid economic growth of high-flier states on the coasts.

☆ Fund manager says a recession is ‘imminent’ — and names cheap stocks to play it
▼ + stars: | 2022-12-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The yield curve is already signaling that a recession could be on the horizon. I think that's pretty clear," fund manager Steven Glass told CNBC's "Street Signs Asia" Monday. So, we think the bond market suggests that could likely be a recession in probably the next year," Glass added. An inverted yield curve occurs when interest rates on shorter-term U.S. Treasury bonds are higher than longer-term ones. With inflation likely to remain higher-for-longer in the near term and companies facing earnings pressure, Glass said he is focusing on companies with earnings visibility.

☆ Apple will reportedly begin producing some MacBooks in Vietnam in 2023 as it shifts from China
▼ + stars: | 2022-12-20 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Apple will begin producing some of its MacBook computers in Vietnam next year, according to a Nikkei Asia report Tuesday. Apple was reportedly in talks in August to move some production for its Apple Watches, MacBooks and HomePods to Vietnam. Now, the company's assembly partner Foxconn could begin producing MacBooks in the country as soon as May of 2023, according to Nikkei Asia. Nikkei Asia said the company has been planning to shift some of its MacBook production to Vietnam for the last two years. Meanwhile, Apple CEO Tim Cook has committed to buying U.S.-made chips from a new Taiwan Semiconductor Manufacturing factory in Arizona.

☆ Taiwan seeks quick progress on long-stalled EU investment deal
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Dec 20 (Reuters) - Taiwan wants progress to be accelerated on a long-stalled bilateral investment agreement with the European Union, the island's President Tsai Ing-wen said on Tuesday. The EU included Taiwan on its list of trade partners for a potential bilateral investment agreement in 2015, the year before Tsai became Taiwan's president, but it has not held talks with Taiwan on the issue since. Meeting a delegation from the European Parliament's Committee on International Trade, Tsai said Taiwan and the EU should build a "resilient democratic alliance". Delegation leader Anna-Michelle Asimakopoulou told Tsai that the EU and Taiwan shared common values like democracy and human rights. "The EU recognises that our partnership in trade and investment with Taiwan is a strategic relationship with geopolitical implications," Asimakopoulou said.

☆ The world's biggest chipmaker is making a multi-billion dollar investment in the US even though it'll cost way more to make chips there. Here's why it decided to do it anyway.
▼ + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Taiwan-based TSMC, the world's biggest chipmaker, announced a $40 billion investment in Arizona last week. That's despite TSMC's founder previously calling US chip production an "expensive exercise in futility." In the event China — which claims the island as its own — invades the island and chip production screeches to a halt, there could be trillions of dollars in economic losses. First, the cost of chip production in the US might not ultimately be "50% more expensive." The factories will be partially subsidized by the US government through the CHIPS and Science Act, a package passed in August that provided $52 billion to boost US semiconductor chip production.

☆ Biden is touting a multi-billion-dollar chip factory in Arizona as a way to save the global economy from China threats — but an invasion of Taiwan would still wreak chaos
▼ + stars: | 2022-12-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Experts disagree on how much this will protect the US economy in the event of a Chinese invasion of Taiwan. "These investments are helping us build and strengthen the supply chain here in America," Biden said, adding that "American manufacturing is back." "That's the definition of supply chain resilience. "Ultimately, creating a more resilient supply chain for semiconductors involves more than fab plants." To truly achieve supply chain resilience, Rasser says, the US must only boost production further, but needs similar investments in all areas of the chips supply chain, from raw materials to packaging.

☆ 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.

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