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Customers try out new iPhones at an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China. Shares of Apple fell about 2.6% in premarket trading on a report that the company has told suppliers to bail on plans to increase iPhone 14 production. Apple will no longer aim to increase production by 6 million units in the second half of the year as it had planned, according to the report. The company will strive to produce 90 million units instead, which is roughly in line with Apple's forecast and production from last year, according to Bloomberg. WATCH: Apple launches iPhone 14 as customers line up to meet Tim Cook and get new tech
Taiwan says chip companies in talks about Europe investment
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
TAIPEI, Sept 28 (Reuters) - Some Taiwanese chip companies are in talks with European countries about investments there, a government minister said on Wednesday, adding the administration was "pleased" to see efforts by local companies to work with democratic allies. While Taiwan and the EU held-high level trade talks in June, less than a week after that meeting Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) said it had no concrete plans for factories in Europe. "To my knowledge, the European Commission and member states are talking to some of our companies, which is purely a commercial decision for the companies to make," Taiwan Deputy Economy Minister Chen Chern-chyi told reporters in Taipei, responding to a question on potential Taiwanese chip investment in Europe. Sitting next to him, Filip Grzegorzewski, the EU's de facto ambassador in Taiwan, said he was pleased to hear a government minister encouraging Taiwanese investment in Europe. "It's one of the highlights of my stay in Taiwan when I hear a representative of a Taiwanese government at a press conference encouraging Taiwanese companies to 'go Europe', to invest in Europe."
Register now for FREE unlimited access to Reuters.com RegisterU.S. Vice President Kamala Harris speaks to the media during her visit to Zojoji Temple on the day of the state funeral for slain former Prime Minister Shinzo Abe, in Tokyo, Japan September 27, 2022. REUTERS/Leah Millis/PoolTOKYO, Sept 27 (Reuters) - Vice President Kamala Harris will meet on Wednesday in Japan with heads of semiconductor-related businesses as the Biden administration works to boost U.S. chips manufacturing, according to a senior administration official. Register now for FREE unlimited access to Reuters.com RegisterU.S. President Joe Biden has prioritised building high-tech chips in an effort to preserve high-paying American jobs and counter the rising market dominance of China, who he views as Washington's key strategic competitor. Those shortages have worsened U.S. consumer price inflation, which topped 8% on an annual basis in August. Register now for FREE unlimited access to Reuters.com RegisterReporting by Trevor Hunnicutt; Additional reporting by Daniel Leussink; Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
(Adds names of companies, background on chips shortage)TOKYO, Sept 27 (Reuters) -Vice President Kamala Harris will meet on Wednesday in Japan with heads of semiconductor-related businesses as the Biden administration works to boost U.S. chips manufacturing, according to a senior administration official. She is also expected to tout the benefits of those companies moving manufacturing hubs away from a dependence on single, low-cost countries like China to prevent disruptions. President Joe Biden has prioritised building high-tech chips in an effort to preserve high-paying American jobs and counter the rising market dominance of China, who he views as Washington’s key strategic competitor. Those shortages have worsened U.S. consumer price inflation, which topped 8% on an annual basis in August. (Reporting by Trevor Hunnicutt; Additional reporting by Daniel Leussink; Editing by Louise Heavens and Mark Porter)
The company estimated $1.3 billion in auto revenue for the fiscal year ended Sunday, up 33% from the prior year. Ninety percent of Qualcomm’s auto-related revenue forecast through 2026 is based on existing design wins from across the business line, Mr. Palkhiwala said. “It’s a business that’s important to us,” Mr. Palkhiwala said about the auto-chips division. Like Qualcomm, chip companies such as Intel Corp. and Nvidia Corp. are wading deeper into the auto market. Nvidia reported $566 million in revenue for its auto business in the year ended in January, up 5.6% from the prior-year period.
Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. Two of the most important American semiconductor companies disagree about the pace of chip advancements and whether Moore's Law still applies. Intel CEO Pat Gelsinger said on Tuesday at a company launch event that Moore's Law, a rule of thumb from Intel's founder dating back to the 1960s, is "alive and well." Co-founder and CEO Jensen Huang said last week that Moore's Law has ended. "The method of using brute force transistors and the advances of Moore's law has largely ran its course," Huang told investors after unveiling new products.
REUTERS/Aly SongSHANGHAI, Sept 23 (Reuters) - Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout in tech shares. Two of the ETFs will invest money into the stocks of the 50 biggest chipmakers listed on Shanghai's STAR Market, including Semiconductor Manufacturing International Corporation (SMIC) (0981.HK) and Montage Technology Co (688008.SS). read moreIt also comes amid heightened geopolitical tensions and tech rivalries between China and the United States. The Biden administration took fresh steps in recent weeks to support domestic tech sectors and cut economic reliance on China, sending shares in Chinese biotech and new energy lower. Shanghai's tech-focused STAR Market - which Beijing hopes will fund China's tech self-sufficiency - has tumbled roughly 30% this year.
REUTERS/Kevin LamarqueWASHINGTON, Sept 20 (Reuters) - The Biden administration on Tuesday named a team of senior advisers to oversee $52.7 billion in government funding to boost semiconductor manufacturing and research. In August, Congress approved $52.7 billion for semiconductor manufacturing and research and a 25% investment tax credit for chip plants that is estimated to be worth $24 billion. At Commerce, Treasury official Michael Schmidt will serve as CHIPS Program Office director. Former Palm Computing CEO Donna Dubinsky is Raimondo's senior counselor for CHIPS implementation and Commerce official J.D. Commerce hopes by February to begin seeking applications for $39 billion in semiconductor chips subsidies to build new facilities and expand existing U.S. production.
Chip-Making Push Expected to Boost U.S. Innovation
  + stars: | 2022-09-20 | by ( Angus Loten | ) www.wsj.com   time to read: +3 min
U.S. efforts to boost domestic semiconductor manufacturing will have a beneficial impact on homegrown innovation, in part by ensuring tech startups have the resources they need to scale emerging technologies, industry experts said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. PREVIEWMs. Levine, speaking Tuesday at The Wall Street Journal’s CIO Network online summit, said a robust domestic semiconductor industry can help unlock downstream innovation. The bipartisan Chips and Science Act, which Congress approved in July, goes a long way to boost innovation, Ms. Levine said. But in a capital-intensive industry like semiconductor fabs, where other countries have long supported private manufacturers, “it’s problematic that the U.S. isn’t involved,” Mr. Burns said.
Nvidia Corp CEO Jensen Huang holds one of the company's new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022. But the company's roots are in graphics chips, which still provided 59% of its $26.9 billion in revenue in its most recent fiscal year. The new Lovelace chips use AI to improve video game graphics. Computing what each pixel on the screen should look like is hard, so Nvidia chips use AI to predict how some pixels should look without doing the entire set of computations. The Lovelace chips have extended that technique to generate entire frames of a game using AI.
Orders for telecommunications products rose 3.1% in August from a year ago due mostly to cellphone orders, the ministry said. A trend of working and studying from home that started during the COVID-19 pandemic has fuelled a growth in orders for Taiwanese electronics for more than two years. The ministry said it expected this month's export orders to be between 7% and 9.4% lower than those of September 2021. Taiwan's August orders from China fell 25.5% from a year earlier, compared with an annual fall of 22.6% in July. Export orders from Europe rose 14.6%, versus an annual contraction of 5.1% in July, while those from Japan rose 2.2%.
The median forecast from a poll of 13 economists was for export orders to fall 2% from a year earlier. The island's export orders, a bellwether of global technology demand, unexpectedly fell in July. Orders shrank 1.9% to $54.26 billion from a year-ago period, taking a larger-than-expected hit from weakening demand for technology and continued economic troubles in its largest market China. Register now for FREE unlimited access to Reuters.com RegisterThe government has predicted last month's orders to be between 0.9% and 3.7% lower than those of August 2021. Taiwan's export orders are a leading indicator of demand for hi-tech gadgets and Asian exports, and typically lead actual exports by two to three months.
Firefighters work at the site where a building collapsed following a 6.8-magnitude earthquake, in Yuli, Hualien county, Taiwan September 18, 2022. Register now for FREE unlimited access to Reuters.com RegisterTaiwan's fire department said one person had died and 146 were injured by the quake. The U.S. Pacific Tsunami Warning Center issued a warning for Taiwan after the tremor but later lifted the alert. Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), , the world's largest contract chipmaker, said there was "no known significant impact for now". More than 100 people were killed in a quake in southern Taiwan in 2016, while a 7.3 magnitude quake killed more than 2,000 people in 1999.
Semiconductor chips are the tiny brains that power our technological world, from cars and cellphones to fighter jets and advanced missile systems. Right now China is awash in money for tech, but you need the right people and customers that trust you. Why China needs the chipsThe Chinese economy is big, but it isn't wealthy. In other words, China needs a more lucrative line of business the same way someone with credit-card debt needs a raise. The Made in China 2025 plan lays out a goal for domestically manufactured chips to meet 70% of China's semiconductor needs within three years.
After spending decades working with silicon chips, Sheridan started Navitas to capitalize on an emerging technology he says has a multibillion-dollar market potential. Today, most of Navitas' GaN chips can be found in phone and laptop chargers made by companies like Samsung, LG, Lenovo, and Dell. Sheridan said integrated circuits gave Navitas chips a competitive edge over GaN chips produced by competitors like Infineon, Texas Instruments, and Nvidia. GaN chips are far from replacing silicon chipsWhile GaN chips have promise, silicon chips are dominant. It says it has also invested in research and development to design GaN chips for bigger systems.
Tech stocks generally carry more risk than other stocks, but they also promise significantly more growth. Throughout much of the 21st century's historic bull market, tech stocks have been at the forefront of the rise, with the biggest tech stocks all outperforming the S&P 500 over the past five and 10 years. There's a fundamental reason why tech stocks tend to attract more investor demand than other kinds of equities. This has added to optimism that tech stocks, in particular stocks which have already seen big gains, will still be a safer longer-term bet," Streeter says. If an investor wants the highest possible appreciation, they would do well to devote a segment of their holdings to tech stocks.
Besides an overwhelming investor appetite, the surge in the Sunbelt's real estate prices can also be attributed to an influx of enthusiastic remote workers with deep pockets. "The Phoenix market was largely a COVID-19 pandemic market until about last summer," independent real estate market analyst John Wake told Insider, explaining that it was mainly owner-occupants driving the market. "In 2007, before the great recession, over 50% of our workforce was in real estate, construction, retail, and hospitality. Besides its investments into the biosciences and healthcare industry, Phoenix also has a stake in another global sector — semiconductor chip manufacturing. Eventually, Rounds forecasts a price correction of at least 25% for the Phoenix housing market.
Administrația Biden extinde domeniul de acțiune al unui decret prezidențial al fostului președinte Donald Trump, prin care se interziceau investițiile americane în companii din China care sprijină armata chineză inclusiv prin vânzarea de tehnologie de urmărire, relatează The Washington Post, citează digi24.ro. Un decret al președintelui Biden, care va intra în vigoare de joi, urmează să lărgească domeniul de acțiune al interdicțiilor și va transfera autoritatea în acest caz laDepartamentul Trezoriei de la Departamentul Apărării. Prin această mutare, decretul va fi mai „stabil din punct de vedere legal”, spun oficiali din administrație. Oficiali ai guvernului SUA spun că mutarea la alt departament este importantă, în contextul în care compania chinezească Xiaomi a reușit să evite interdicția prin atacarea ei în justiție. Departamentul Trezoriei are mai multă experiență în redactarea de programe de sancțiuni „într-un fel care respectă standardele legale și juridice al Statelor Unite”, a spus un oficial din administrația americană.
Persons: Biden, Donald Trump, Joe Biden Organizations: The Washington Post, Apărării, Xiaomi, americană, Gowin, China Mobile Communications Group, China National, Oil Corp, Semiconductor, China Railway Construction Locations: China, Statelor Unite, Chinei, SUA, Hikvision
Американский президент Джо Байден в четверг поставил подпись под документом, который не позволит США вкладывать средства в 59 китайских компаний, которые, по мнению Белого дома, подрывают безопасность США. «Этот исполнительный указ позволяет США запрещать инвестиции в китайские компании, которые подрывают безопасность или демократические ценности США и наших союзников», - подчеркивается в документе. В «черный список» попали 59 китайских компаний. Отмечается, что данный указ «запретит любому человеку из США участвовать в продаже или покупке любых продаваемых на бирже ценных бумаг». «Черный список» является одной из мер, принятых администрацией президента США Дональда Трампа в отношении китайских компаний.
Persons: Джо Байден, Дональд Трамп Organizations: Huawei Technologies Co ., Semiconductor Manufacturing International Corporation, Aviation Industry Corporation of China, China Mobile Communications Group Co, Ltd, China Telecommunications Corporation, China United Network Communications Group Co, China Railway Construction Corporation, ИнтерфаксУкраина Locations: China, США, Белый дом, Китай, КНР
Numărul companiilor chineze listate în lume a crescut
  + stars: | 2020-07-07 | by ( On | In | ) omniapres.md   time to read: +3 min
Sursa menţionează că pragul de clasare a societăţilor chineze printre primele 500 de companii listate din lume a fost de 31,2 miliarde de yuani (valoare de piaţă) în prima jumătate a acestui an, iar valoarea medie de piaţă din clasament, de 133,5 miliarde de yuani. Dintre cele 96 de companii listate la Beijing, 23 sunt companii de tehnologia informaţiei, inclusiv JD, Xiaomi, Baidu şi Meituan Dianping. La Guangdong şi Shanghai a fost menţinut un impuls de creştere în ceea ce priveşte numărul companiilor listate, conform declaraţiilor făcute de Liu Meilin, analist la 21st Century Economic Institute. Deşi numărul companiilor listate în Hangzhou a fost mai mic, aproape jumătate din cifra de la Shanghai, valoarea totală de piaţă a companiilor listate în Hangzhou a fost mai mare decât cea din Shanghai, atingând 6,79 trilioane de yuani. Regiunea Delta Râului Yangtze avea 131 de companii listate la 30 iunie, reprezentând 26% din primele 500 de companii amintite, faţă de 108 la sfârşitul anului 2018.
Persons: Beijingul, Liu Meilin Organizations: Wind, Manufacturing, yuani, Economic Institute Locations: China, Shanghai, Shenzhen, Hong Kong, New York, Taiwan, Guangdong, Beijing, Xiaomi, Hangzhou, Yangtze, Creşterea, Nanjing
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