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☆ Wall Street is turning less bullish on tech darling ASML for several key reasons
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker's demand outlook. Earlier this week, investment bank UBS downgraded ASML to "neutral" and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. Other Wall Street banks have subsequently come out with their own respective analyses on ASML — and they're more downbeat than they were before. The bank remains bullish on the stock, though, keeping ASML in its top pick for EU semiconductor equipment stocks. UBS cautioned ASML's machines could face a slowdown in demand due to an "architecture shift" to gate all around architecture, or GAA.

Persons: Morgan Stanley, ASML, ASML's, Morgan Stanley's, EUV, Biden, Christophe Fouquet, Jefferies Organizations: UBS, Intel, Bank of America, ASML's, Samsung, Nvidia, SK Hynix, Base Management, Dutch, Citi, Investment Locations: ASML, U.S, China, New York

☆ UBS just downgraded critical chip firm ASML on expectations of a demand 'normalization'
▼ + stars: | 2024-09-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Critical chip equipment supplier ASML is set to face softer demand from buyers of its products in the coming years — and the artificial intelligence boom won't be enough to offset these downside risks, according to analysts at investment bank UBS . Such memory chip makers include Samsung and Nvidia supplier SK Hynix. ASML is behind a key technology involved in chip manufacturing known as EUV, or extreme ultraviolet radiation. DRAM is a type of memory chip that's needed for a computer to function. Shares of the company were down more than 6% Wednesday, alongside a raft of other chip stocks , following a deep slide in Nvidia shares Tuesday .

Persons: ASML Organizations: UBS, Samsung, Nvidia, SK Hynix, U.S, CNBC Locations: ASML, China, Netherlands, U.S

☆ Samsung unveils plan to speed up delivery of AI chips
▼ + stars: | 2024-06-12 | by ( ) edition.cnn.com time to read: +2 min

Samsung expects global chip industry revenue to grow to $778 billion by 2028, boosted by AI chips, Choi said. Samsung is one of the few companies that sells memory chips, offers foundry services and designs chips under the same roof. GAA is seen as important to keep making more powerful chips for AI as chips become finer to the point of pushing the boundaries of physics. Although competitors such as global foundry No 1 TSMC are also working on chips using GAA, Samsung started applying GAA earlier, and said it plans to mass produce its second-generation 3-nanometer chips using GAA in the second half of this year. Samsung also announced its latest 2-nanometer chipmaking process for high-performance computing chips, which places power rails on the backside of the wafer to improve power delivery.

Persons: “, ”, Siyoung Choi, Choi, Marco Chisari, Sam Altman’s, Altman Organizations: San Jose Reuters, Samsung Electronics, Samsung, Foundry Sales, chipmaker, Reuters, South Locations: Seoul, San Jose, San Jose , California

☆ U.S. is reportedly weighing further limits on China's access to AI chip tech
▼ + stars: | 2024-06-12 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The U.S. could further tighten restrictions on China's access to chip technology critical for artificial intelligence, Bloomberg reported on Tuesday. The Biden administration is weighing actions that would target high-tech chip architecture known as gate all-around, Bloomberg reported, citing sources familiar with the matter. GAA refers to new transistor architecture that could lead to better performance and lower power consumption. South Korea's Samsung Electronics has already started production for 3-nanometer chips with GAA technology. Shares of TSMC and Samsung Electronics were up 1.6% and 0.4%, respectively, in Wednesday morning trading in Asia.

Persons: Biden Organizations: Bloomberg, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, U.S . Department of Commerce, Bureau of Industry, Security Locations: Asia, U.S, China

☆ ‘If any country can do it, it’s Ireland’: How to make the NFL’s next overseas star
▼ + stars: | 2024-01-24 | by ( Rory Fleming | ) edition.cnn.com time to read: +9 min

It was so different to what we are used to coming from Gaelic football, apart from the weather which was pretty similar to Ireland. Members of the US Liffre Gaelic football team take part in a training session. From the analysis already done by the Gaelic star, he’s earmarked two current NFL kickers as sources of inspiration ahead of the Combine. Gaelic football is probably the main sport in Ireland. It’s one of the biggest opportunities in all of sport,” Beggan added.

Persons: Joe Biden, Tadhg Leader, “, they’ve, that’s, ” Tadhg, Rory Beggan, Mark Jackson, Charlie Smyth, Darragh Leader, Tadhg, I’m, it’s, ” Tadhg Leader, ”, Andrew Surma, ” Beggan, Damien Meyer, he’s, “ Justin Tucker, Brandon Aubrey, “ I’ve, ’, Dan Whelan, Beggan Organizations: CNN, Gaelic, NFL, CNN Sport, “, football, Panthers, IPP, Gaelic Athletic Association, ”, it’s, Guinness PRO14, Connacht Rugby, Benetton Rugby, Canadian Football League, Hamilton Tiger Cats, Loughborough University, Monaghan, New England Patriots, Patriots, Gaelic football, Getty, Baltimore Ravens, Dallas Cowboys, MLS, Croke, Green Bay Packers, Irish Locations: United States, Ireland, it’s Ireland, North America, Europe, trialists, Indianapolis, Boston, Beggan, Florida, Irish, Monaghan

☆ Stronger on defense, Panthers take on East-leading Bruins
▼ + stars: | 2023-11-21 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

November 21 - The Florida Panthers, who will go for their third straight win when they play host to the Boston Bruins Wednesday night, are getting an unexpected contribution from defenseman Niko Mikkola. July 1, the Panthers signed Mikkola to a three-year, $7.8 million contract. Indeed, in just 18 games this season, Mikkola - who made his NHL debut in January 2020 - has already matched his career high with three goals. The Bruins led that series 3-1 before Florida won the next two and then took Game 7 in overtime. That game was atypical for Boston as the Bruins have allowed more than two goals just four times this season -- all losses.

Persons: Niko Mikkola, Mikkola, Connor McDavid's, Louis, Paul Maurice said, Maurice, Aleksander Barkov, Matthew Tkachuk, Sam Reinhart, Aaron Ekblad, Brandon Montour, Oliver Ekman, Larsson, Gustav Forsling, Dmitry Kulikov, Sergei Bobrovsky, it's, Pavel Zacha's, Charlie Coyle, Jeremy Swayman, Linus Ullmark, David Pastrnak, Morgan Geekie, Matt Grzelcyk Organizations: Florida Panthers, Boston Bruins, Edmonton, Louis Blues, New York Rangers, Panthers, NHL, Bruins, Boston, Florida, Tampa Bay Lightning, Milan Lucic, Thomson Locations: Finland, Mikkola, Florida, Boston

☆ Oilers look to halt road woes during visit to Hurricanes
▼ + stars: | 2023-11-21 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

November 21 - Just when it seemed as if the Edmonton Oilers finally had found a rhythm, they might be amid another slide. However, the Oilers again are headed in the wrong direction after allowing 11 goals in consecutive road defeats to the Tampa Bay Lightning and Florida Panthers. On Monday, the Oilers squandered leads of 2-0 and 3-2 en route to a 5-3 loss to the Panthers. Jarvis has seven goals this season after totaling 31 over his first two seasons. Meanwhile, teammate Leon Draisaitl has seven goals and 10 assists in 14 contests against the Hurricanes.

Persons: Evan Bouchard, we've, Connor McDavid, bode, They'll, Seth Jarvis, Sebastian Aho, Brent Burns, Jarvis, Rod Brind'Amour, Antti Raanta, Frederik Andersen, Pyotr Kochetkov, Edmonton's Calvin Pickard, Stuart Skinner, McDavid, He's, Leon Draisaitl Organizations: Edmonton Oilers, Oilers, Carolina Hurricanes, Edmonton, Tampa Bay Lightning, Florida Panthers, Panthers, Hurricanes, Pittsburgh, Carolina, Thomson Locations: Raleigh, N.C, Raanta, Arizona, Carolina

☆ Morgan Stanley says these 6 global stocks will benefit from a 'monumental shift' in the chip industry
▼ + stars: | 2023-09-22 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

A "monumental shift" is underway in the semiconductor industry — and a raft of stocks are set to benefit, according to analysts at Morgan Stanley . "The transition to 3D 'gate-all-around' architecture marks a monumental shift for leading-edge logic chip architectures," the analysts said. Though industry players expect that initial gains will be "relatively subdued," Morgan Stanley is optimistic that the shift will create a "roadmap into the next decade." Stock picks Here are some of the stocks Morgan Stanley expects will benefit: Lam Research is one of the stocks the bank rated overweight. Morgan Stanley analysts agreed with the company's statement that "gate-all-around is good for the industry, [so] good for ASML."

Persons: Morgan Stanley, TSMC, it's, — CNBC's Michael Bloom Organizations: ramping, Materials, ASM, ASML, Intel, Samsung, GAA Locations: U.S, Swiss

☆ Colombia's Grupo Aval posts 75% fall in profit as bank margins fall
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

People walk in front of the Banco de Bogota, belonging to Grupo Aval, in Bogota, Colombia, October 31, 2019. REUTERS/Luisa Gonzalez/File photo Acquire Licensing RightsAug 16 (Reuters) - Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income. In the three-month period to June, net profit reached 166.2 billion pesos ($40.6 million). The financial portfolio of Grupo Aval (GAA.CN) includes Colombian banks Banco de Bogota (BBO.CN), Banco Popular (BPO.CN), Banco AV Villas (VLL.CN) and Banco de Occidente (BOC.CN). ($1 = 4,096.08 Colombian pesos)Reporting by Noe Torres in Mexico City, Writing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Luisa Gonzalez, Noe Torres, Isabel Woodford Organizations: Banco, Bogota, Grupo Aval, REUTERS, Colombian, Grupo, Banco de Bogota, Banco Popular, Banco AV Villas, Occidente, Thomson Locations: Bogota, Colombia, Colombian, Mexico City

☆ Colombian conglomerate Grupo Aval, subsidiary settle charges of violating US law
▼ + stars: | 2023-08-10 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File PhotoWASHINGTON, Aug 10 (Reuters) - Colombian conglomerate Grupo Aval (GAA.CN) and its bank subsidiary will pay over $80 million to settle charges of violating anti-corruption laws, U.S. authorities said on Thursday. After the settlement was reached, Grupo Aval said the Justice Department did not bring any enforcement action and the SEC did not make a claim against the company for bribery. Corficolombiana will pay a criminal penalty of $40.6 million, the U.S. Justice Department said in a statement. Corficolombiana had conspired with Brazilian construction firm Odebrecht to pay bribes to Colombian government officials, according to prosecutors. Corficolombiana also agreed to continue enhancing its compliance program and providing reports to the Justice Department regarding remediation and the implementation of compliance measures, the Justice Department said.

Persons: Andrew Kelly, Grupo Aval, Corficolombiana, Odebrecht, Kanishka Singh, Isabel Woodford, Leslie Adler, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Grupo Aval, U.S . Foreign, U.S . Justice Department, Securities and Exchange Commission, SEC, Grupo, Justice Department, Odebrecht, U.S, Thomson Locations: Washington ,, Colombian, disgorgement, Swiss, Peru, Mexico, Argentina, Colombia, U.S, Washington

☆ Asia's 'best restaurants' list is out — and it's no surprise which country made the list 17 times
▼ + stars: | 2023-03-29 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +10 min

William Drew, director of content for Asia's 50 Best Restaurants, said Japan's strong performance is "no surprise." The top 50 restaurants in AsiaThis year commemorates the 10th anniversary of the "Asia's 50 Best Restaurants" list. Asia's top 50 restaurantsThe list of "Asia's 50 Best Restaurants" for 2023 are: 1. Ten restaurants that ranked among Asia's best 50 restaurants last year fell into the 51-100 ranking this year. Asia's 50 Best Restaurants 2023Labyrinth also rose 29 spots to No.11, winning the "Highest Climber" award.

☆ Colombia's Grupo Aval posts 23.2% decrease in Q3 net profit
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Colombian financial conglomerate Grupo Aval (GAA.CN) reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 million), citing a higher effective tax rate and increased costs. The conglomerate's portfolio includes Colombian banks Banco de Bogota (BBO.CN), Banco Popular (BPO.CN), Banco AV Villas (VLL.CN) and Banco de Occidente (BOC.CN). The central bank of Latin America's fourth-largest economy has raised its benchmark interest rate to 11% - its highest level in 21 years - in continued efforts to respond to rising inflation. Grupo Aval, controlled by business magnate Luis Carlos Sarmiento, said its consolidated portfolio grew 16.5% during the quarter compared to 3Q21. (1 dollar = 4,806.07 Colombian pesos at end-September)Reporting by Aida Pelaez Fernandez and Carolina Pulice, Writing by Kylie Madry; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

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