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A combination of targeted subsidies and local demand will help. China's dependence on foreign suppliers for lithography machines, used to print patterns onto silicon wafers, light-resistant wafer coatings known as photoresists and other vital tools cannot be understated. A 2021 report found that Chinese chipmakers buy less than a fifth of their equipment by value from local suppliers and that the country has localised less than 8% of annual equipment demand. China's equipment specialists, such as little-known firms NAURA Technology Group (002371.SZ) and Advanced Micro-Fabrication Equipment (688012.SS), are probably too small to effectively absorb massive amounts of government funding anyway. The majority of the funds will be used to subsidise the purchase of domestic semiconductor equipment by Chinese chipmakers.

☆ Dutch chip equipment maker ASML's CEO questions U.S. export rules on China -newspaper
▼ + stars: | 2022-12-13 | by ( ) www.reuters.com time to read: +2 min

"Maybe they think we should come across the table, but ASML has already sacrificed," CEO Peter Wennink said in an interview with newspaper NRC Handelsblad. He said that while 15% of ASML's sales are in China, at U.S. chip equipment suppliers "it is 25 or sometimes more than 30%". Washington is urging the Netherlands, Japan and other unspecified countries with companies that make cutting edge manufacturing equipment to adopt similar rules. Wennink said it seemed contradictory that U.S. chip manufacturers are able to sell their most advanced chips to Chinese customers, while ASML is only able to sell older chipmaking equipment. (Yet) the technology used to make such chips can still be sold to China," he added.

☆ Netherlands plans curbs on chip exports to China in deal with U.S.-Bloomberg News
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 7 (Reuters) - Dutch officials are planning to enforce new controls on exports of chip-making equipment to China, Bloomberg News reported on Wednesday, citing people familiar with the matter. The report comes after Dutch Trade Minister Liesje Schreinemacher last month said the Netherlands was in talks with the U.S. government about new export restrictions for semiconductor equipment to China. ASML is a key maker of semiconductor equipment, with more than 2 billion euros ($2.1 billion) of sales to customers in China in 2021. According to Bloomberg, an agreement regarding the Dutch curbs on chip exports could come as soon as next month, adding that it is unclear what the new restrictions mean for ASML's sales to China. China is also the Netherlands' second-largest trade partner after Germany, according to the Dutch statistics office CBS.

☆ A globally critical chip firm is driving a wedge between the U.S. and Netherlands over China tech policy
▼ + stars: | 2022-12-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

The U.S. has been putting pressure on the Netherlands to block exports to China of high-tech semiconductor equipment. The Netherlands is home to ASML, one of the most important companies in the global semiconductor supply chain. Instead, it makes and sells $200 million extreme ultraviolet (EUV) lithography machines to semiconductor manufacturers like Taiwan's TSMC. ASML has not been able to ship an EUV machine to China since 2019 due to various Dutch export restrictions, according to a company spokesperson. According to a Reuters report from 2020, the Dutch government withdrew ASML's license to export its EUV machines to China after extensive lobbying from the U.S. government.

☆ Netherlands in talks with U.S. on China chip policy - Dutch trade minister
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Nov 25 (Reuters) - Dutch trade minister Liesje Schreinemacher said on Friday the Netherlands is in talks with the U.S. government about new export restrictions for semiconductor equipment to China. New U.S. export restrictions on chip equipment announced in October reach beyond currently agreed international definitions of what constitutes dual-use equipment. "Well we are having talks with the U.S., obviously they have announced their unilateral measures," Schreinemacher told reporters in Brussels. "We do share the concerns that they (the U.S. government) have when it comes to China, when it comes to security," Schreinemacher said. At the G20 conference in Bali, Chinese President Xi Jinping called on Dutch Prime Minister Mark Rutte to resist "the politicisation of economic and trade issues."

☆ Nexperia and Elmos cases show how the US-China chip war is spilling over to Europe
▼ + stars: | 2022-11-25 | by ( Michelle Toh | ) edition.cnn.com time to read: +10 min

Last week, the new owner of Britain’s biggest chipmaker was ordered to unwind its takeover, just days after another chip factory sale was blocked in Germany. “These decisions mark a shift towards tougher stances regarding Chinese investment in critical industries in Europe,” said Xiaomeng Lu, director of geo‑technology at Eurasia Group. A worker in a clean room for silicon semiconductor wafer manufacturing at the Newport Wafer Fab, owned by Nexperia, in Newport, Wales on Aug. 18. A company sign of Elmos Semiconductor, seen on Nov. 9 in the German city of Dortmund. Both Britain and Germany have recently added rules that expand government oversight over such decisions, making outcomes harder to predict.

☆ What Cramer is watching Friday — Fed plays good cop, bad cop and off-price retailers shine
▼ + stars: | 2022-11-18 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Rival Ross Stores (ROST) gets multiple price target increases. Citi raises BJ's Wholesale (BJ) price target to $83 per share from $81 after earnings beat. Multiple price target raises on Club Bullpen name Palo Alto Networks (PANW). Barclays raises Applied Materials (AMAT) price target to $90 per share $80 but keeps neutral rating. Piper Sandler starts DraftKings (DKNG) with an overweight (buy) rating and a $21-per-share price target, which implies about 40% upside from Thursday's close.

☆ AMD catches two upgrades on Wall Street that may signal a bottom in the chip industry's slump
▼ + stars: | 2022-11-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Advanced Micro Devices (AMD) is getting some love Monday in the form of upgrades from UBS and Baird, bolstering our recent decision to halt trimming any more of the chip designer's shares. However, AMD, like many of its peers, has been decimated on Wall Street, losing 48% in 2022. In fact, UBS analysts suggest it may even be possible that shipments fell to near zero in September. As a result, they expect the new chip, which marks a significant improvement in performance to accelerate AMD's market share gains. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ US curbs on China's microchip industry could throttle Xi Jinping's tech ambitions
▼ + stars: | 2022-10-31 | by ( Laura He | ) edition.cnn.com time to read: +8 min

One dramatic, and potentially disruptive aspect of the rules is the ban on American citizens and legal residents working with Chinese chip firms. The ban could lead to a mass resignation of top executives and core research staff working at Chinese chip firms, which will hit the industry hard, Dong from Georgetown University said. So far it’s not clear exactly how many American workers there are in China’s domestic chip industry. At Advanced Micro-Fabrication Equipment China (AMEC), one of the country’s largest semiconductor equipment manufacturers, at least seven executives, including founder and chairman Gerald Yin, hold US citizenship, the latest company documents show. But some Western suppliers have already started preparing to halt sales to China in response to the US export curbs.

☆ Halloween Comes Early for Chip-Equipment Companies
▼ + stars: | 2022-10-26 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

The feast for memory-chip companies has quickly turned to famine. Cutting capital spending is a necessary move to bring supply and demand back into line again—but that will heap more bad news on makers of semiconductor equipment upstream. That follows similar planned cuts at other chip companies. Micron Technology said last month that it would slash next year’s capital spending by 30%. Contract chip maker Taiwan Semiconductor Manufacturing Co. has also reduced its capital expenditure estimate for this year to $36 billion, from between $40 billion and $44 billion at the beginning of 2022.

☆ This week's best stock markets performers include earnings winners such as Netflix
▼ + stars: | 2022-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stocks are capping off a strong week Friday, despite some choppy trading, as rising yields failed to dampen market enthusiasm over stronger-than-expected corporate earnings results. Robust corporate results from Netflix and AT & T reassured investors who were expecting a worse showing this earnings season. Netflix claimed the top spot after stronger-than-expected third-quarter results prompted investors to pile back into the stock. Shares of Netflix are up more than 18% this week, but only about 36% of analysts rate the stock a buy, according to FactSet. However, just 30% of analysts have a buy rating on the stock, according to FactSet.

☆ Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate. Netflix — Shares of the streaming media company soared 13.1% after the firm on Tuesday posted better-than-expected results on the top and bottom lines. Netflix also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. Intuitive also reported growth in its da Vinci procedures of about 20% compared with the third quarter of 2021. Snap — The social media stock climbed 2.5% after Citi added a positive catalyst watch on Snap heading into its earnings results Thursday.

☆ ASML shares fall 7% after TSMC says it's cutting capital spending
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Oct 13 (Reuters) - Shares in Dutch semiconductor equipment maker ASML (ASML.AS) fell 7% on Thursday after its biggest customer Taiwan Semiconductor Manufacturing Co (TSMC) cut its forecasts for capital spending by 10% this year, citing in part equipment delays. ASML, Europe's largest technology company, did not immediately respond to requests for comment. The company's shares were down 7.0% at 385.10 euros ($371.93) at 1259 GMT. ASML has forecast third quarter sales of 5.1 billion -5.4 billion euros ($4.93 billion-$5.22 billion). ($1 = 1.0354 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Toby Sterling; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Zscaler, BlackRock, Roblox and more
▼ + stars: | 2022-10-11 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Here are the companies making headlines before the bell:Angi (ANGI) – Angi shares added 2% in premarket trading after the online home services company named Joey Levin as CEO, replacing Oisin Hanrahan. Leggett & Platt (LEG) – Leggett & Platt tumbled 8.6% in the premarket after the industrial manufacturer slashed its full-year sales and earnings guidance. Meta Platforms (META) – Meta was downgraded to "neutral" from "overweight" at Atlantic Equities, which also lowered its price target for the Facebook and Instagram parent's stock to $160 per share. Roblox (RBLX) – Roblox slumped 4.3% in the premarket after the stock was rated "underweight" in new coverage at Barclays. Warner Music Group (WMG) – The music publisher's stock rallied 3.4% in premarket trading after Goldman Sachs began coverage with a "buy" rating.

☆ U.S. Goes Full-Court Press on China’s Chip Sector
▼ + stars: | 2022-10-10 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

The U.S. has drastically dialed up its chip-sector curbs on China. That will severely curtail China’s ambitions of developing its own cutting-edge semiconductor industry—while hurting U.S. companies selling chips or semiconductor equipment to the country. The Biden administration on Friday imposed some of its broadest restrictions yet on semiconductor sector exports to China. Instead of just targeting specific companies such as Huawei, the new restrictions will require U.S. companies to secure licenses to export certain chips used in artificial intelligence and supercomputing, as well as equipment used in advanced semiconductor manufacturing.

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