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☆ Sony plans smartphone sensor factory in Japan - Nikkei
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

Dec 15 (Reuters) - Sony Group Corp (6758.T) is considering building a new factory to make smartphone image sensors in the Kumamoto prefecture of Japan, Nikkei reported on Thursday. The company plans to break ground on the plant as soon as 2024, and bring it online in fiscal 2025 at the earliest, the report said, adding the company expects the cost to run into the billions of dollars. Japan, which long ago lost its lead on chip manufacturing, particularly advanced semiconductors, is rushing to take advantage after Washington restricted Beijing's access to the technology and asked its allies to do the same. Sony plans to source chips from Taiwan Semiconductor Manufacturing Co's (2330.TW) planned chip plant in the area, the report said. ($1 = 137.8500 yen)Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Matt Hill: White House aide leaving to be communications director for newly established CHIPS program office
▼ + stars: | 2022-12-14 | by ( Jeremy Diamond | ) edition.cnn.com time to read: +2 min

CNN —Matt Hill, a longtime communications aide to President Joe Biden, is leaving the White House for the Department of Commerce to steer communications for the implementation of the administration’s multi-billion-dollar investment in the semiconductor industry. Hill will serve as the communications director for the newly established CHIPS program office, which is responsible for implementing the $50 billion investment in semiconductor manufacturing authorized by the CHIPS and Science Act. “Matt has been a backbone of President Biden’s communications team since the very first day of the campaign,” said White House communications director Kate Bedingfield. Hill also advised Biden’s infrastructure czar Mitch Landrieu and Gina McCarthy, who served as Biden’s national climate adviser until earlier this year. “During my time in the White House, Matt proved himself to be a smart, savvy communications expert who helped transform the climate change narrative in ways that generated excitement, built hope and expanded engagement,” McCarthy said.

Starting with the Trump administration, the United States has been tightening the noose around China's high-tech ambitions. But why worry about older chip technology? “28 nanometer” refers to a chip technology commercially used since 2011. But it is a giant in older technology, including chips that regulate power flows in electronics. The importance of older chip technology hit the industry in the face in 2021 as a shortage of those chips prevented manufacturing of millions of cars and consumer electronics.

☆ TSMC’s U.S. Chip Gambit Has Powerful Backers
▼ + stars: | 2022-12-07 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

“American manufacturing is back,” President Biden said Tuesday as he visited the new Arizona site of Taiwan Semiconductor Manufacturing Co. That sentiment may yet prove premature—but the Taiwanese chip maker’s latest commitment to building on American soil is still something to celebrate. One key takeaway from Tuesday’s event: TSMC’s major U.S. customers appear to be telegraphing their support for more advanced chips to be made on American soil. That raises the probability of a larger presence for firms like TSMC and Samsung in the future.

TSMC's Arizona factory has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a "goodbye to Taiwan" trend among chip firms. "TSMC's research and development centre is in Taiwan, the complete supply chain is here," she said. "Taiwan has a complete supply chain, a complete system, and the backing of the government. Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), , as it is formally called, has repeatedly said that the bulk of its manufacturing will remain in Taiwan. It is also encouraging more foreign tech firms in the chip supply chain to invest in Taiwan.

☆ Apple is ready to leave China as COVID-19 protests delay iPhones past Christmas. That could take a decade and cost billions.
▼ + stars: | 2022-12-07 | by ( Emilia David | ) www.businessinsider.com time to read: +6 min

China's "zero COVID" policy has hit Apple's supply chain, causing delays on iPhone production. But any shift out of China won't be quick, with over 35% of the factories supplying Apple located in China. Some estimates say it will take until the end of the decade to move 10% of Apple's iPhone manufacturing out of the country. There are 28 Apple suppliers in Vietnam, or 3.8% of the total listed by Apple. Onshoring iPhone production?

☆ TSMC to spend $40 billion for two Arizona semiconductor plants
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTSMC to spend $40 billion for two Arizona semiconductor plantsTaiwan Semiconductor Manufacturing Company, or TSMC, has announced plans to build a second chip plant in Arizona. CNBC's Kristina Partsinevelos joins 'Squawk Box' with the details.

☆ TSMC's planned semiconductor investment is good for U.S. economic security, says White House economist
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTSMC's planned semiconductor investment is good for U.S. economic security, says White House economistNational Economic Director Brian Deese joins CNBC's 'Squawk Box' to weigh in on Taiwan Semiconductor Manufacturing Company, or TSMC, plan to build a second chip plant in Arizona.

☆ TSMC Raises Arizona Chip Investment to $40 Billion as Biden Visits
▼ + stars: | 2022-12-06 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is stepping up its plans for U.S. manufacturing. Taiwan Semiconductor Manufacturing Co. plans to build a second semiconductor factory in Arizona and increase its investment there to $40 billion, the White House said ahead of a visit by President Biden. TSMC , the world’s largest contract chip maker, is stepping up its plans for U.S. manufacturing with encouragement from the Biden administration and likely financial support from U.S. taxpayers, reflecting Washington’s concerns about reliance on Asia for critical chip making.

☆ Why the world’s top chip maker is doubling down on American manufacturing
▼ + stars: | 2022-12-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That measure invests more than $200 billion to encourage companies to bring chip production back onto American soil. Raising the debt limit, the bank wrote, will be “necessary but hard to achieve.”For the uninitiated: The “debt ceiling” is simply the federal government’s borrowing limit. Senator John Thune told Bloomberg last week the debt ceiling could be a way to push through budget cuts. Goldman Sachs noted that the political environment next year will have “echoes of 1995 and 2011” — the two most tense standoffs over the debt limit in recent history. (OK, most nights — we believe in a four-day work week around here.)

☆ TSMC to up Arizona investment to $40 billion with second semiconductor chip plant
▼ + stars: | 2022-12-06 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing Co. on Tuesday to announce the opening of a second chip plant in Arizona, raising the company's investment in the state from $12 billion to $40 billion. Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health care devices. The law includes $52.7 billion in loans, grants and other incentives as well as billions more in tax credits to encourage investment in U.S. semiconductor manufacturing. It was initially slated to produce 5 nanometer chips, but now will create 4 nanometer chips. The second plant will open in 2026 and produce 3 nanometer chips, the most cutting-edge chips currently available.

[1/2] U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022. The investment is a big win for Biden after supply-chain issues disrupted the U.S. economy early in his presidency. They will attend a "tool-in" ceremony, which is the symbolic moving of the first equipment onto the shop floor of the new $12 billion facility. The $52.7 billion "Chips and Science" act, signed by Biden in August, is aimed at preventing a resurgence of supply-chain woes. Biden's victory in Arizona in the 2020 presidential election helped catapult him to the White House after Republican Donald Trump won the state in 2016.

☆ TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden’s visit
▼ + stars: | 2022-12-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN Business —Taiwan Semiconductor Manufacturing Company is upping its investment in the United States, announcing Tuesday that it’s building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. On Tuesday afternoon, Biden plans to visit the manufacturer’s site in Phoenix and speak about bringing jobs and investment to the state. TSMC previously announced that it was building a $12 billion facility in Arizona that will eventually manufacture 3-nanometer chips, TSMC’s most advanced technology. The White House is touting the new investments as a direct result of Biden’s economic plan, including the $200 billion CHIPS and Science Act. The facility Biden will visit Tuesday in Phoenix is slated to begin producing chips in 2024.

☆ Analysts think these November winners can rally further — and give 2 more than 160% upside
▼ + stars: | 2022-12-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The stock is buy rated by about 70% of analysts covering it, who give it average upside of 164.3%. Meanwhile, shares in Warren Buffett-backed BYD were up just 9% in November, but analysts think the stock could rally 68.4% looking ahead. Tech stocks A slew of Chinese tech stocks made the screen too, including Alibaba and Tencent . Analysts are bullish on Alibaba, with 89% of analysts holding a buy rating on the stock and giving it average upside of 39%. Andrew Maynard, head of equities at investment bank China Renaissance, believes Chinese Big Tech stocks such as Alibaba and Tencent are "incredibly cheap."

☆ Jim Cramer's top 10 things to watch in the market Tuesday: JPMorgan double upgrade, oil prices dip to $75
▼ + stars: | 2022-12-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Later in the session, prices turned lower and U.S. oil prices are dropping another 1% on Tuesday. Deutsche Bank updates Club name Estee Lauder (EL) to buy from hold; raises price target to $266 per share from $209. In off-price target, the Club likes and owns TJX Companies (TJX), with T.J. Maxx, Marshalls and HomeGoods brands. However, Deutsche Bank raises price target on Club holding and Corona beer maker Constellation Brands (STZ) to $249 per share from $244; keeps hold rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Bechtel Group CEO on designing and building a new Intel chip factory in Ohio
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBechtel Group CEO on designing and building a new Intel chip factory in OhioBechtel Group CEO Brendan Bechtel joins 'Squawk Box' to discuss the impact of the Chips and Science Act on the economy and the budding semiconductor manufacturing industry in the U.S.

☆ Tim Cook says Apple will use chips built in the U.S. at Arizona factory
▼ + stars: | 2022-12-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook confirmed that Apple will buy U.S.-made microchips at an event in Arizona on Tuesday, where President Joe Biden also spoke. Cook said Apple would buy processors made in a new Arizona factory, according to a video from the event. The chip factories will be owned and operated by Taiwan Semiconductor Manufacturing Company, the biggest foundry company with over half of the global market share. TSMC produces the most advanced processors, including the chips in the latest iPhones, iPads and Macs. "Apple had to buy all the advanced chips from overseas, now they're going to bring more of their supply chain home," Biden said.

☆ TSMC’s Arizona Chip Plant, Awaiting Biden Visit, Faces Birthing Pains
▼ + stars: | 2022-12-05 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

TSMC founder Morris Chang said the company plans to produce chips with advanced 3-nanometer technology in Arizona. TOKYO—The $12 billion Arizona semiconductor plant under construction that President Biden is visiting Tuesday represents U.S. hopes for a renaissance in manufacturing, but the Taiwanese company building it says it won’t be easy. High costs, lack of trained personnel and unexpected construction snags are among the issues cited by Taiwan Semiconductor Manufacturing Co. as it rushes to get the north Phoenix factory ready to start production in December 2023.

☆ Mexico, U.S. plan pitch by early 2023 to lure firms from abroad
▼ + stars: | 2022-12-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Mexico's economy Minister Raquel Buenrostro smiles during an event with business association representatives to discuss targets for "Black Friday" shopping season, in Mexico City, Mexico, October 19, 2022. REUTERS/Edgard GarridoMEXICO CITY, Dec 2 (Reuters) - Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo on Friday agreed to set out a plan by early 2023 for the relocation of companies from Asia to North America, Mexico's government said. On Thursday, Buenrostro discussed efforts to resolve a bilateral spat over Mexico's energy policies with U.S. Trade Representative Katherine Tai. Tai also stressed the importance of avoiding disruptions in U.S. corn exports to Mexico. Reporting by Mexico City Newsroom Editing by Dave Graham and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman says buy these five stocks in a weakening macro environment
▼ + stars: | 2022-12-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Goldman Sachs named a slew of stocks this week that the firm said are well positioned if market conditions deteriorate. They include Yeti, Yum China , Keysight Technologies , Capri Holdings and Taiwan Semiconductor Manufacturing . Yum China Yum China is a stock made for these times, according to analyst Michelle Cheng. Keysight Technologies "Strong results despite weakening macro. Yum China "YUMC delivered a strong margin beat in its 3Q22 results reinforcing its leading execution & business resiliency amid market volatility.

☆ Chinese firm selling surveillance tech to Iran comes under scrutiny
▼ + stars: | 2022-12-01 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +11 min

Tiandy is one of several Chinese companies at the center of China’s vast domestic surveillance network, experts and human rights advocates say. A spokesperson for the Chinese embassy in Washington, Liu Pengyu, said the embassy could not speak on behalf of Chinese private companies. Last week, the Biden administration effectively banned the sale or import of new equipment from a number of Chinese surveillance firms but Tiandy Technologies was not named. Maya Wang, senior China researcher at Human Rights Watch, said Chinese surveillance technology tends to be less expensive and more attractive for some authoritarian governments. Like other video technology companies in China, Tiandy’s software includes an ethnicity tracking tool that supposedly can digitally identify someone’s race.

☆ It's been a bad year for tech. But top investor Paul Meeks is betting on these bright spots
▼ + stars: | 2022-12-01 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

E-commerce Meeks is avoiding the e-commerce space altogether, citing concerns about "lackluster" online Christmas spending in the United States and the return of Covid shutdowns in China. Among the world's major e-commerce stocks, Meeks said he prefers JD.com to Alibaba and Amazon , though he suggested that "investors wait to buy any of them." Cyber stocks Cyber stocks, like nearly everything else in the broader tech sector, haven't been spared from this year's tech rout. The First Trust Nasdaq Cybersecurity ETF (CIBR) and the iShares Cybersecurity and Tech ETF (IHAK) are both down by about 22% this year, less than the Nasdaq's 30% drop. The semiconductor sector has, however, recovered slightly, with the SOX up 14.9% since the end of the third quarter.

☆ TSMC plans to make more advanced chips in U.S. at urging of Apple -Bloomberg News
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: 1 min

Dec 1 (Reuters) - Taiwan Semiconductor Manufacturing Co (2330.TW) will offer advanced 4-nanometer chips when its new $12-billion plant in Arizona opens in 2024, spurred by U.S. customers such as Apple Inc (AAPL.O) to do so, Bloomberg News saidon Thursday. Citing people familiar with the matter, it said TSMC was expected to announce the new plan when President Joe Biden and Commerce Secretary Gina Raimondo visit Phoenix for a ceremony next Tuesday. Reporting by Urvi Dugar in Bengaluru; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Yellen says she 'certainly' plans to remain as Treasury secretary
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Nov 30 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said she "certainly" planned to stay on in her job for the duration of President Joe Biden's term, dismissing speculation she was considering leaving after this month's midterm elections. Yellen told an event hosted by the New York Times Dealbook she had no plans to leave Treasury. I'm excited about what President Biden has accomplished so far, and I think there's more to come." Asked if she would stay for the duration of Biden's term, Yellen said, "I have no plan to leave." She said implementing key laws enacted under Biden, including those dealing with climate investments, semiconductor manufacturing and infrastructure, would play a big role in the coming years.

☆ Biden leans into manufacturing in campaign-style Michigan speech
▼ + stars: | 2022-11-30 | by ( Peter Nicholas | Peter Nicholas Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

“We’re building a better America,” Biden said at a plant that makes components for electric vehicles. Two years ago, anyone betting against Biden’s political prospects would have lost. Biden has said more than 700,000 manufacturing jobs have been added since he took office. Democrats would like to flip the county in 2024, when Michigan will, as ever, loom as a crucial battleground state. “We’re hoping that President Biden’s visit might entice people to come back to the fold and recognize what his administration is doing for us economically.”

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