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Search resuls for: "Asa Fitch"


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☆ Huawei Export Licenses Could be Revoked by U.S.
  + stars: | 2023-02-28 | by ( Ian Talley | Asa Fitch | ) www.wsj.com   time to read: 1 min
The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies Co., according to people familiar with the matter, part of a broader tightening of technology trade over national security concerns. The administration previously indicated that it was considering not granting any new export licenses to companies such as Qualcomm Inc. and Intel Corp., which provide chips needed for smartphones and other devices. The action would cover products that use advanced 5G technology as well as older 4G products.
☆ Huawei Export Licenses Could Be Revoked by U.S.
  + stars: | 2023-02-28 | by ( Ian Talley | Asa Fitch | ) www.wsj.com   time to read: 1 min
The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies Co., according to people familiar with the matter, part of a broader tightening of technology trade over national security concerns. The administration previously indicated that it was considering not granting any new export licenses to companies such as Qualcomm Inc. and Intel Corp., which provide chips needed for smartphones and other devices. The action would cover products that use advanced 5G technology as well as older 4G products.
☆ U.S. Aims to Chart New Course for Chip Industry
  + stars: | 2023-02-28 | by ( Yuka Hayashi | Asa Fitch | ) www.wsj.com   time to read: 1 min
WASHINGTON—The Commerce Department on Tuesday kicked off the application process for semiconductor manufacturing subsidies under the $53 billion Chips Act, along with conditions aimed at advancing some of the Biden administration’s priorities. The program serves as a test of Washington’s ability to invigorate and chart a future course for the semiconductor industry that was forged in the U.S. but in recent years has moved much of its manufacturing overseas.
☆ Chip Makers See ChatGPT Stirring Strong Demand for Advanced Processors
  + stars: | 2023-02-23 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Chip makers are abuzz about the latest hot-thing in tech: artificial-intelligence tools that generate text with minimal prompting, require massive computing power to run and promise a lucrative new revenue stream. For semiconductor makers, the new tools, if widely adopted, could result in tens of billions of dollars in net annual sales, analysts estimate.
☆ Nvidia, Other Chip Companies Race to Cash In on ChatGPT Frenzy
  + stars: | 2023-02-23 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Chip makers are abuzz about the latest hot-thing in tech: artificial-intelligence tools that generate text with minimal prompting, require massive computing power to run and promise a lucrative new revenue stream. For semiconductor makers, the new tools, if widely adopted, could result in tens of billions of dollars in net annual sales, analysts estimate.
☆ Intel Cuts Quarterly Dividend by 66%
  + stars: | 2023-02-22 | by ( Asa Fitch | Colin Kellaher | ) www.wsj.com   time to read: 1 min
An Intel facility. The company says adjusted cash flow in the first six months of the year would fall short of expectations. Intel Corp. said it would cut its dividend to conserve cash as the chip maker tries to balance the financial impact of an aggressive expansion plan with the hit from a near-term demand slump. The payout reduction by two-thirds to 50 cents annually would help the company make investments to transform itself during the current period of economic uncertainty, Intel said. The company’s annual dividend hasn’t been that low since 2007, when it was 45 cents.
☆ Adani Stock Takes $100 Billion Hit After Hindenburg Report
  + stars: | 2023-02-03 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
The Computer Chip Wars: How AMD Ended Intel's Market Dominance Intel has ruled the market for central processing units since the 1980s. But rival AMD overtook Intel in market value last year, thanks in part to an expensive bet on chip design. WSJ’s Asa Fitch explains the companies’ battle for the brains of your computer.
☆ Common Currency Proposal for Brazil and Argentina Draws Skepticism
  + stars: | 2023-01-31 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
The Computer Chip Wars: How AMD Ended Intel's Market Dominance Intel has ruled the market for central processing units since the 1980s. But rival AMD overtook Intel in market value last year, thanks in part to an expensive bet on chip design. WSJ’s Asa Fitch explains the companies’ battle for the brains of your computer.
☆ Intel Slumps on Disappointing Earnings Amid PC Weakness
  + stars: | 2023-01-27 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Intel is among the chip companies that have pared back production plans and reduced capital spending. Intel Corp. reported a fourth-quarter loss, hurt by a souring market for its chips and growing competition from rivals, as it also issued a gloomy outlook for the current quarter. Semiconductor companies have seen a stark shift to a glut of chips amid recession fears from a period of shortage during the height of the pandemic driven by demand for all-things digital. Intel also has been battling loss of market share to rivals such as Advanced Micro Devices Inc. and companies that have embraced semiconductors based on technology from British chip-design specialist Arm Ltd.
☆ Intel Expected to Post Loss as Demand for Chips Wanes
  + stars: | 2023-01-26 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Intel is among the chip companies that have pared back production plans and reduced capital spending. Intel Corp. is expected to report a fourth-quarter loss, hurt by a souring market for its chips and growing competition from rivals. Semiconductor companies have seen a stark shift to a glut of chips amid recession fears from a period of shortage during the height of the pandemic driven by demand for all-things digital. Intel also has been battling loss of market share to rivals such as Advanced Micro Devices Inc. and companies that have embraced semiconductors based on technology from British chip-design specialist Arm Ltd.
☆ Arm-Based Chips Make Inroads With Apple, Amazon
  + stars: | 2023-01-23 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
A new generation of chips using Arm Ltd. technology is heaping pressure on Intel Corp. as the British chip-design specialist prepares for what could be one of the year’s highest-profile public listings. Arm-based chips have been winning market share in PCs and have become a more formidable rival in the increasingly important data-center market where Intel has long been the undisputed leader. Amazon .com Inc. has embraced the technology for its self-made server chips, and Microsoft Corp. and Google are working on processors using building blocks licensed from Arm, according to people familiar with their efforts.
☆ Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
  + stars: | 2023-01-14 | by ( Asa Fitch | Greg Ip | ) www.wsj.com   time to read: 1 min
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. In the digitizing world, power tools commonly come with Bluetooth chips that track their locations. Appliances have added chips to manage electricity use. In 2021, the average car contained about 1,200 chips worth $600, twice as many as in 2010.
☆ Chip Inventories Swell as Consumers Buy Fewer Gadgets
  + stars: | 2022-12-27 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
HP and Dell, two of the largest PC makers, had their products fly off of the shelves earlier in the pandemic. The world is now awash in chips. The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market and recession fears. Chip inventories are swelling, mirroring what is happening in the wider economy where retailers are stuck with goods on their shelves and producers of a range of products in high demand early in the pandemic now face a glut.
☆ Micron Earnings Tumble as Memory Sales Sag on Weak Electronics Demand
  + stars: | 2022-12-22 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Prices for Micron’s main products have declined with gadgets no longer flying off the shelf. Computer-memory maker Micron Technology Inc. reported a sharp drop in sales and a net loss for the most recent quarter, reflecting rapidly declining demand for electronics and the chips that go into them. The Boise, Idaho-based company said revenue dropped by nearly half to $4.09 billion amid a fall in prices for both main types of memory. The company reported a loss of $195 million for the quarter.
☆ U.S. Places Top Chinese Memory Chip Maker on Export Blacklist
  + stars: | 2022-12-15 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
The U.S. is ratcheting up restrictions aimed at holding back the development of China’s semiconductor industry. The U.S. said it would add China’s most advanced memory-chip manufacturer to an export blacklist on Thursday, ratcheting up restrictions aimed at holding back the development of the country’s semiconductor industry. The addition of Yangtze Memory Technologies Co. to the Commerce Department’s so-called entity list could further disrupt the company’s business following an earlier round of restrictions in October that led chip-manufacturing equipment companies to pull out staff based at its facilities and pause their activities there. The blacklisting is due to take effect Friday, the Commerce Department said in a statement.
☆ Chip Maker Nvidia Issues Tepid Earnings Forecast as Videogaming Business Slows
  + stars: | 2022-11-17 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Nvidia Corp., America’s largest chip company by value, announced its revenue fell 17% to $5.93 billion. Graphics chip maker Nvidia Corp. issued a muted outlook and reported a sharp decline in quarterly sales, driven by waning consumer demand for its videogaming chips after a pandemic-fueled boom. America’s largest chip company by value on Wednesday said revenue fell 17% to $5.93 billion after gaming-segment sales more than halved in its fiscal third quarter. Net profit was $680 million. The sales were above expectations in a survey of analysts by FactSet , but net profit fell short.
☆ Chip-Making Juggernaut TSMC Eyes Multibillion-Dollar Arizona Factory Expansion
  + stars: | 2022-11-09 | by ( Asa Fitch | Yang Jie | ) www.wsj.com   time to read: 1 min
TSMC’s big bet on making chips in the U.S. comes after Washington agreed to provide semiconductor makers lucrative grants. Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is preparing another multibillion-dollar factory investment in Arizona, people familiar with the plans said. TSMC plans in the coming months to announce it will build a cutting-edge semiconductor plant north of Phoenix, beside another chip factory that the company committed to in 2020, according to people familiar with the expansion plans. The scale of the investment is expected to be roughly similar to the $12 billion it committed two years ago, the people said.
☆ For Chip Makers, the Flip from Shortage to Glut Intensifies
  + stars: | 2022-11-04 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Electronics manufacturers tend to stock up on chips ahead of the holiday selling season, but that hasn’t played out this year for some. The chip industry has pivoted hard from a clamor for higher output to cost cutting as it adjusts to a slump for semiconductors that has infected almost all parts of its business. Chip companies in recent weeks have instituted hiring freezes and layoffs, slashed capital spending plans, reduced factory output and warned investors of a stark reversal in their customers’ buying habits.
☆ Chip Makers Cut Costs as Demand Slump Supplants Pandemic’s Chip Shortage
  + stars: | 2022-11-04 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Electronics manufacturers tend to stock up on chips ahead of the holiday selling season, but that hasn’t played out this year for some. The chip industry has pivoted hard from a clamor for higher output to cost cutting as it adjusts to a slump for semiconductors that has infected almost all parts of its business. Chip companies in recent weeks have instituted hiring freezes and layoffs, slashed capital spending plans, reduced factory output and warned investors of a stark reversal in their customers’ buying habits.
☆ Chip Maker Qualcomm Sees Smartphone Slump Worsening
  + stars: | 2022-11-02 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Qualcomm, which exhibited at a recent Beijing fair, is projecting sales short of estimates for the current quarter..Qualcomm Inc. again slashed its forecast for smartphone shipments and gave a gloomier than expected sales outlook, joining other chip makers confronting a sharp turn in consumer demand after a pandemic-fueled boom. The designer of mobile-phone chips cut its forecast to a low-double-digit percentage decline from an earlier forecast of a mid-single-digit fall, indicating that the downward trend in the handset market is accelerating. Qualcomm, in reporting quarterly results on Wednesday, said it projected up to $10 billion of sales for the current quarter, well short of Wall Street estimates of around $12 billion.
☆ AMD Forecasts Deepening Slump in PC Sales as Consumer Demand Softens
  + stars: | 2022-11-02 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
AMD last month had warned that its third-quarter revenue could be lower than its prior outlook as PC shipments slowed. Chip maker Advanced Micro Devices Inc. issued a glum sales outlook for the current quarter that signaled weakness in demand for consumer products is outpacing residual strength in the business-focused server market. AMD said it expected around $5.5 billion of revenue in the current quarter, up by 14% but below what analysts forecast in a FactSet survey.
☆ Intel Earnings Expected to Slump on PC Rout, Economic Weakness
  + stars: | 2022-10-27 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Inside a data center at Intel headquarters in Santa Clara, Calif.; Intel has been one of the worst-hit companies in the chip sector because of its heavy exposure to PCs. Intel is expected to report a sharp drop in quarterly earnings, hurt by a rapidly shrinking market for personal computers that its chips go into. The company after the closing bell Thursday is projected to post sales of about $15 billion during the quarter ended in September, a retreat of more than 21% from the year-earlier period, according to a FactSet survey of analysts. Net income likely fell by around 93% to $494 million, the analysts estimate.
☆ Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings
  + stars: | 2022-10-27 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Inside a data center at Intel headquarters in Santa Clara, Calif.; Intel has been one of the worst-hit companies in the chip sector because of its heavy exposure to PCs. Intel Corp. has embarked on an aggressive cost-cutting push as the chip maker tries to navigate a sharp plunge in demand for PCs that has weighed on the company’s earnings. Intel posted a 20% drop in third-quarter sales, issued a forecast for even weaker revenue in the current quarter and lowered its full-year outlook.
☆ Microsoft Earnings Growth Seen Slowing as Computer Sales Slip
  + stars: | 2022-10-25 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Microsoft shares have fallen around 26% so far this year, slightly better than the tech-heavy Nasdaq Composite Index, which has declined close to 30%. Microsoft likely recorded slower earnings and sales growth last quarter as a sharp decline in personal computer sales eroded demand for its Windows software, counteracting some of the demand for its cloud and other businesses serving companies. The Redmond, Wash., corporation’s revenue growth is expected to slow to about 10% in the three months through September compared with a year earlier, while its net income is expected to edge up 1%, according to analysts surveyed by FactSet. They predicted the company would report sales of $49.66 billion and net income of $17.36 billion for the period.
☆ Microsoft Earnings Fall, Stock Slides as PC Demand and Strong Dollar Hurt Sales
  + stars: | 2022-10-25 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Microsoft shares tumbled Tuesday after it said it expects a sharp decline in personal computer sales and the dollar’s strength to continue to weigh on growth. The Redmond, Wash., firm’s revenue rose 11% to $50.1 billion in the three months through September compared with a year earlier, while its net income fell 14% to $17.6 billion. Analysts surveyed by FactSet had predicted sales of $49.66 billion and a net income of $17.36 billion for the period.
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