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☆ CNBC Daily Open: Everybody's fighting inflation
▼ + stars: | 2023-06-22 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally fadesU.S. stocks fell on Wednesday for the third-straight session as investors took a breather from last week's rally. In Europe, markets lost ground after U.K. inflation data came in higher than expected. More hikesFed Chair Jerome Powell reaffirmed his belief that more rate hikes are likely until more progress is made on bringing down inflation.

Persons: Jerome Powell, Goldman Sachs Organizations: CNBC, Intel, Taiwan Semiconductor Manufacturing Company, Financial Services Committee, bullishness, EV Locations: Europe, BlackRock

☆ Intel stock drops 6% as company updates chip manufacturing plans
▼ + stars: | 2023-06-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Intel stock dropped 6% on Wednesday after the company gave investors an update on the company's turnaround plan to become a chip manufacturing company competing with Taiwan Semiconductor Manufacturing Company. Intel plans to use its own chips to work out problems in its manufacturing before opening up the factories to third-party companies. "The manufacturing group will now face the same market dynamics as their foundry counterparts," Zinsner told analysts. Wednesday's update was focused on how Intel would use its manufacturing capabilities for its own chips.

Persons: Pat Gelsinger, David Zinsner, Zinsner Organizations: Inc, Nasdaq, Mobileye, Intel Corp, Intel, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Qualcomm, Samsung, IMS, Bain Capital, AMD Locations: New York, Austrian

☆ Morgan Stanley loves these 5 global A.I. chip stocks that could take Nvidia's market share
▼ + stars: | 2023-06-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Nvidia , a dominant player in the artificial intelligence computing market, may face increasing competition from custom chip designers in the near future, according to Morgan Stanley. "We therefore expect to see increasingly energy-efficient and low-cost AI custom chip designs ahead, matching or even outpacing the growth of NVIDIA's and AMD's general purpose GPUs." Morgan Stanley is "overweight" on the five stocks, and increased their price targets in the June 11 note. As one of the few pure-play leading-edge design service houses, we believe Alchip (along with GUC) is a key enabler of future custom A.I. Global Unichip The chip designer has been awarded a contract from Microsoft to work on its new 5nm custom AI chip, which could be deployed across the U.S. company's cloud computing products.

Persons: Morgan Stanley, ChatGPT, Charlie Chan, Yuan, TSMC, Alchip Technologies Morgan Stanley Organizations: Nvidia, Intel, AMD, Taiwan Semiconductor Manufacturing Company, Alchip Technologies, Global, Yuan Electronics, ASM, Microsoft, Hong, ASM Pacific Locations: Taiwan, Hong Kong, China

Hong Kong/Seoul CNN —South Korean prosecutors have indicted a former Samsung executive for allegedly working with competitors who tried to build a copycat semiconductor factory in China. In a Monday statement, the Suwon district prosecutor’s office said it had charged a 65-year old former employee of what it called “Company A” over data theft. Prosecutors said the executive then tried to use that information to build a “duplicate” plant in the Chinese city of Xi’an, about 1.5 kilometers (one mile) away from a Samsung semiconductor factory. News agency Yonhap identified the second company as SK Hynix, another South Korean chip giant. Reuters reported that the attempt to build the new plant using Samsung data between 2018 and 2019 ended in failure due to funding issues.

Persons: wasn’t, Prosecutors, Yonhap Organizations: Seoul CNN — South, Samsung, “, SK Hynix, Prosecutors, Industrial Technology Protection, Reuters Locations: Hong Kong, Seoul, China, Suwon, Xi’an, Taiwan, Singapore, South Korea’s, South Korea, United States, Netherlands, Japan, Washington, Beijing

☆ How Samsung became the world’s No. 2 advanced chipmaker and set the stage for a U.S. manufacturing boom
▼ + stars: | 2023-06-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article NVDAQCOM6758.T-JPAMATAMD2330-TW.FKRX300MUAAPL Follow your favorite stocks CREATE FREE ACCOUNTSamsung's $17 billion new chip fab is under construction in Taylor, Texas, on April 19, 2023. CNBC recently went inside Samsung's Austin chip fab, for the first in-depth tour given on camera to a U.S. journalist. Samsung got its start in 1938 as the Samsung Sanghoe Trading Company, founded by Lee Byung-chull in Korea. Just a decade after making its first memory chip, Samsung was coming to market with a version that had 1,000 times the capacity. As consumers rein in their spending in the face of rising inflation, demand for memory chips has weakened sharply.

Persons: Katie Brigham, Jon Taylor, Patel, Jinman Han, Han, Lee Byung, Lee Kun, Geoffrey Cain, weren't, Apple, Cain, Jay Y, Lee, Yoon Suk, Joe Biden, Jonathan Ernst Organizations: AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Intel, they'll, CNBC, Austin, Samsung Sanghoe Trading Company, Samsung Samsung, Samsung Electronics, Samsung TV, Hankook Semiconductor, Apple, Republic of Samsung, Samsung Electronics Pyeongtaek, Reuters Locations: Taylor , Texas, TSMC, U.S, Korea, New Jersey, Silicon Valley, South Korea, Republic of, Austin , Texas, Texas, Austin, Pyeongtaek

☆ TSMC or Samsung? One chipmaker is the better play on A.I., geopolitics and earnings, analyst says
▼ + stars: | 2023-05-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics have emerged as two key players in the increasingly competitive landscape of the chip-making sector. "So, on a relative basis, I think TSMC offers better quality of earnings and also a much better free cash flow margin." "So, the quality of earnings, quality of management, and shareholder return favor TSMC over Samsung," Hosseini concluded. The tech analyst said that when it comes to advanced microchip manufacturing, TSMC is pretty much the only game in town. But they are still way behind TSMC," Hosseini said.

☆ The G7 is accusing China of 'economic coercion.' Here's why.
▼ + stars: | 2023-05-20 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

The US has accused China of "economic coercion" and plans to take steps to counteract Beijing. What is "economic coercion" – and what can the West actually do about it? So what exactly is "economic coercion" – and what can the G7 do about it? According to Sullivan, this will involve measures that could enhance economic security for G7 nations. The West needs to work with Beijing on a range of issues that likely go beyond the countries' desire for economic security.

☆ Britain inches towards right chipmaking niche
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 19 (Reuters Breakingviews) - Prime Minister Rishi Sunak is taking a small step in the right direction. After much hesitation, Britain announced on Friday it would invest 1 billion pounds in its domestic semiconductor industry, with a focus on chip designs. Britain plays a relatively insignificant role in chip manufacturing, which is dominated by Taiwanese giant Taiwan Semiconductor Manufacturing Company (TSMC) (2330.TW). With over 110 semiconductor design firms, Britain can probably claim to be Europe’s leader in the segment. Under Sunak’s plan, Britain will invest 200 million pounds by 2025, with the full 1 billion pounds achieved over the next decade.

☆ America’s Semiconductor Boom Faces a Challenge: Not Enough Workers
▼ + stars: | 2023-05-19 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

Maxon Wille, an 18-year-old in Surprise, Ariz., was driving toward Interstate 17 last year when he noticed a massive construction site: Taiwan Semiconductor Manufacturing Company at work on its new factory in Phoenix. “I can see this being the next big thing,” Mr. Wille said. Semiconductor manufacturers say they will need to attract more workers like Mr. Wille to staff the plants that are being built across the United States. America is on the cusp of a semiconductor manufacturing boom, strengthened by billions of dollars that the federal government is funneling into the sector. President Biden had said the funding will create thousands of well-paying jobs, but one question looms large: Will there be enough workers to fill them?

☆ Nvidia's stock could rise fivefold in 10 years on A.I. trend, says fund manager
▼ + stars: | 2023-05-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of the Silicon Valley-headquartered firm have doubled since the start of this year over positive investor sentiment toward A.I. Despite the gains, the stock is still down by 12% from its all-time high on Nov. 29, 2021, according to FactSet data. "But I think Nvidia has a good track record of demonstrating that they can." Ripman added that he could see a scenario where Nvidia could grow five-fold due to the market size and demand. "What this really comes down to is, I think we're just scraping the surface really of what A.I.

☆ The clock is ticking for companies to speak clearly like Musk about China's Taiwan policy
▼ + stars: | 2023-05-18 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Elon Musk spoke this week on a topic few CEOs want to weigh in on publicly: China's intentions to ultimately integrate Taiwan as part of the People's Republic of China. "The official policy of China is that Taiwan should be integrated. And he added, "the situation is actually a lot worse for a lot of other companies than Tesla. "I don't think it's imminent but I do think companies should heed what he [Musk] says." The U.S. government policy remains to not take an official position on Taiwan as an independent and sovereign state.

☆ Elon Musk says growing belligerence between China and the US 'should be a concern for everyone'
▼ + stars: | 2023-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk told CNBC that growing US-China tensions should concern everyone. He said US and China are like "conjoined twins" and any fallout would impact the world economy. Elon Musk is concerned about the intensifying geopolitical tensions between US and China — and he thinks everyone else should be too. "I think that should be a concern for everyone," Musk told CNBC's David Faber on Tuesday in response to a question about the "growing belligerence between the US and China." That's the severity of the situation," Musk, the CEO of electric vehicle maker Tesla, told Faber.

☆ Premarket stocks: Wall Street's 'fear gauge' is rising as US debt talks drag on
▼ + stars: | 2023-05-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Markets will get volatile, maybe the stock market will go down, the Treasury markets will have their own problems,” he said. But this fear of market volatility isn’t going away. A similar fight around the debt ceiling in 2011 spurred a serious bout of market volatility. Wall Street’s key measure of volatility, the VIX, reached two year highs and soared more than 35% in just one day. Wall Street typically uses the VIX, known as the market’s “fear gauge,” as a way to measure how investors feel about financial and economic uncertainties.

☆ TSMC stake sold by Warren Buffett's Berkshire Hathaway
▼ + stars: | 2023-05-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Warren Buffett’s conglomerate has sold its remaining shares in the world’s largest chipmaker, TSMC, after the “Oracle of Omaha” sounded alarms about its homebase of Taiwan. In a Monday filing, Berkshire Hathaway (BRKA) disclosed that it was no longer holding a stake in Taiwan Semiconductor Manufacturing Company (TSM) as of the end of the first quarter. In February, Berkshire revealed it had sold 86% of its shares in TSMC, which were purchased for $4.1 billion just months before. As Berkshire Hathaway revealed its withdrawal Monday, other prominent investors made bets on the stock. According to a regulatory filing, Macquarie has increased its stake in TSMC, while Tiger Global has also bought in.

☆ Taiwan's wind industry braves cross-strait risks in clean energy boom
▼ + stars: | 2023-05-10 | by ( Sarah Wu | ) www.reuters.com time to read: +8 min

With large swathes of Taiwan's territorial waters restricted due to defense, shipping and other uses, offshore wind developers will soon run out of space. It's a question of whether you want to pay the price," insurance broker Clive Lin told offshore wind developers in a packed lecture hall in Taipei. Political risk insurance is typically not covered in mainstream insurance policies, so developers have to buy it additionally. The risk of a military confrontation and its impact on Taiwan's wind farms are hard to quantify, analysts say. "In a kinetic conflict invasion, Taiwan's going to have so many other problems, offshore wind is going to be way down on the list," Cancian said.

☆ Warren Buffett on TSMC: There's nobody in their league in the chip business
▼ + stars: | 2023-05-06 | 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 EmailWarren Buffett on TSMC: There's nobody in their league in the chip businessBerkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting. Buffett discusses the firm selling Taiwan Semiconductor Manufacturing Company shares.

☆ Top US spy says Chinese invasion halting Taiwan chip production would be 'enormous' global economic blow
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

She noted that the advanced semiconductor chips produced by Taiwan Semiconductor Manufacturing Company Ltd (TSMC) are used in 90 percent of "almost every category of electronic device around the world." If a Chinese invasion stopped TSMC from producing those chips, "it will have an enormous global financial impact that I think runs somewhere between $600 billion to $1 trillion on an annual basis for the first few years," she said. "It will also have an impact on our (U.S.) GDP if there was such an invasion of Taiwan and that (TSMC's production) was blocked," Haines continued. "It would also have an impact, if they stopped making chips, on China's economy." Reporting by Jonathan Landay; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ China's top chipmaker will 'struggle' to make cutting-edge chips competitively
▼ + stars: | 2023-04-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

China's largest chipmaker SMIC won't be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC. Vcg | Visual China Group | Getty ImagesChina's largest chipmaker SMIC won't be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC. Following the 2020 sanctions, the U.S. last year introduced sweeping export restrictions aimed at cutting China off from advanced chip tech and equipment. The Netherlands as well as Japan have reportedly followed the U.S. in imposing rules aimed at restricting China from accessing advanced chip tech. "Can SMIC produce in a commercially viable way scaled by the hundreds of thousands or tens of millions in some cases?

☆ UBS says this semiconductor stock is a ‘buy’ — and doubles its price target
▼ + stars: | 2023-04-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

UBS is upgrading Taiwanese foundry United Microelectronics from "neutral" to "buy." The Swiss investment bank raised its price target on the stock from 37 Taiwan dollars ($1.20) to NT$75, representing a potential upside of nearly 50% from its closing price on Wednesday. UMC's year-to-date rerating reflects the "increasing optimism" about the semiconductor industry's recovery and the greater profitability of the stock, the analysts said. UBS isn't the only bull UBS isn't the only bank bullish on United Microelectronics. In a note on April 19, the bank maintained its "outperform" rating on the stock and raised its price target on the stock to NT$60.

☆ These 3 Club stocks just hit their highest levels in a year. Here's where we stand on them now
▼ + stars: | 2023-04-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Three Club holdings — Salesforce (CRM), Linde (LIN) and Nvidia (NVDA) — just reached their highest levels of the past 12 months, which Wall Street generally views as encouraging. At the same time, however, some investors may be wondering whether hitting a new 52-week high might signal that it's time to take some profits. Here's how the Club is thinking about our positions in these three stocks that reached this juncture during Tuesday's session. Our last purchase of Salesforce stock was Dec. 21, scooping up 25 shares around $130 each on the belief that investors were way too negative on the company. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Bank of America is doubling down on a lesser-known chip stock — and gives it 50% upside
▼ + stars: | 2023-04-19 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Nvidia has undoubtedly been one of the sector's biggest winners this year, but Bank of America is doubling down on a lesser-known chip stock. That's significantly higher than the average potential upside of 16.1% given by analysts covering the stock, according to FactSet data. Bank of America described the firm as a "top pick" among European auto semiconductors and said the stock remains cheaper than its peers. The bank said it believes concerns about the company's poor track record and high Apple concentration are "likely to fade over the course of the next 12-18 months" as it improves gross margins and operating margins. Apple's share of the firm's revenue is also likely to drop to around 10% by end-2024, the bank added.

☆ Morgan Stanley says this chip giant will be a long-term tech leader — and gives it 30% upside
▼ + stars: | 2023-04-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

The South Korean chip maker also said it will cut memory chip production amid slowing global growth, dwindling demand and oversupply. TSMC When it comes to TSMC, Morgan Stanley is staying bullish despite expectations of near-term pressure on the stock. In the near term, we also expect TSMC's 2Q23 revenue guidance to be weaker than expected," Morgan Stanley's analysts, led by Charlie Chan, wrote in a note on Apr. 20, the bank's base case scenario will see the chip giant guiding for a longer-than-expected inventory correction. Tim Seymour, founder and chief investment officer of Seymour Asset Management, believes the dip in TSMC's share price is a buying opportunity .

☆ Elon Musk reveals plans for a new factory making Megapacks on Shanghai visit, while Apple mulls 'decoupling' from China
▼ + stars: | 2023-04-09 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

Elon Musk announced plans Sunday for a new battery factory in Shanghai during a visit there. Rep. Mike Gallagher met with Apple CEO Tim Cook earlier this month to discuss ties with China. While the Tesla CEO is continuing to invest in China, other companies may be looking at ways to distance themselves. Gallagher told Bloomberg that he didn't expect companies to sever all ties with China. Tesla, Apple, and Gallagher didn't immediately respond to requests for comment from Insider, made outside normal working hours.

☆ Orsted to build two wind farms offshore Taiwan
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

Companies Orsted A/S FollowOSLO, March 31 (Reuters) - Orsted (ORSTED.CO) has made a final investment decision to go ahead with its planned 920 megawatt (MW) Greater Changhua 2b and 4 offshore wind farms in Taiwan with expected completion by the end of 2025, the Danish energy group said on Friday. The offshore wind farms are expected to begin onshore construction in 2023 with fabrication of components in 2023-2024. The projects will be funded by Orsted's capital as well as debt from the domestic Taiwanese market, backed by an Orsted parent company guarantee. The company did not say how much it would invest in the wind farms. Reporting by Terje Solsvik, editing by Louise RasmussenOur Standards: The Thomson Reuters Trust Principles.

☆ TSMC founder says he supports US efforts to slow China's chip advances
▼ + stars: | 2023-03-16 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

[1/3] Morris Chang, the founder of the Taiwan Semiconductor Manufacturing Company (TSMC), speaks on stage during a Chip War book event in Taipei, Taiwan March 16, 2023. In Taiwan, TSMC, Asia's most valuable listed company and a major Apple Inc (AAPL.O) supplier, is widely regarded as the "sacred mountain protecting the country," because of its economic importance. U.S. "onshoring" and "friendshoring" efforts to boost chip manufacturing stateside or in allied countries present a predicament for Taiwan. TSMC is expanding its global production footprint, even as it keeps its most advanced technology in Taiwan. Meanwhile, the Chinese government is plowing billions into bolstering its chip sector, but Chang said China's chip manufacturing technology lags that of Taiwan by "at least five or six years".

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