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☆ In Contrast to China, Japan at G-7 Basks in Newfound Appeal to Companies
▼ + stars: | 2023-05-21 | by ( Peter Landers | ) www.wsj.com time to read: 1 min

Japan’s central bank forecasts that output will grow 1.4% in the fiscal year ending next March, surpassing the prepandemic peak. Photo: kimimasa mayama/ShutterstockTOKYO—You would think this was the capital of a fast-growing Asian tiger economy the way American CEOs are flocking here these days. Apple ’s Tim Cook , Google’s Sundar Pichai , OpenAI’s Sam Altman , Intel’s Patrick Gelsinger and Warren Buffett are among the bosses to show up in recent months. Better reserve in advance if you want the hotel’s executive suite.

☆ Kraft wants to remake the TV dinner
▼ + stars: | 2023-05-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

On Wednesday, Kraft Heinz officially introduced Homebake 425°/:30, the company’s new line of frozen meals. Kraft HeinzFor Kraft, the new brand is part of an effort to increase the company’s net sales by $2 billion through 2027. As part of its earlier turnaround efforts, Kraft Heinz has been trying to reinvigorate decades-old brands like Velveeta and Oscar Mayer. In that time, frozen food prices jumped 16.3%, well above recent annual trends for grocery prices as a whole. In 2020, Kraft Heinz announced that it was divesting its natural cheese business.

☆ Cup Noodles' new ramen tastes like a 'classic diner breakfast in a cup'
▼ + stars: | 2023-03-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —The high price of eggs and other breakfast staples is forcing some to look for cheaper breakfast alternatives. Aptly titled “Cup Noodles Breakfast,” the meal takes four minutes to cook in the microwave and results in a soup-based ramen that also contains “visible ingredients” of sausage and eggs. "Cup Noodles Breakfast" is on sale at Walmart. The company’s research discovered that eggs, sausage and pancakes were the picks to create the best breakfast combination. Breakfast ramen is Cup Noodles second limited time offering, following the sale of pumpkin spice ramen last fall.

☆ Intel co-founder Gordon Moore, author of ‘Moore’s Law’ that helped drive computer revolution, dies at 94
▼ + stars: | 2023-03-24 | by ( ) edition.cnn.com time to read: +5 min

Intel co-founder Gordon Moore, a pioneer in the semiconductor industry whose “Moore’s Law” predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel (INTC) and Moore’s family philanthropic foundation said he died surrounded by family at his home in Hawaii. It’s been a phenomenal ride.”In recent years, Intel rivals such as Nvidia (NVDA) have contended that Moore’s Law no longer holds as improvements in chip manufacturing have slowed down. He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

☆ U.S. manufacturers see big boost from government subsidies and tax breaks
▼ + stars: | 2023-02-23 | by ( Timothy Aeppel | ) www.reuters.com time to read: +9 min

While the Biden administration push, described by economists as an industrial policy, has opened opportunities for some companies, significant hurdles remain. Eight out of 12 Republican representatives in Ohio’s congressional delegation voted in favor of federal subsidies for semiconductor production, including the funds that will go to Intel. The 2022 CHIPS and Science Act provides $52.7 billion in federal subsidies for semiconductor production and research. Scott Lincicome, director of general economics at the libertarian Cato Institute, said industrial policy tends to crumble into failed projects and cost overruns. "There's all sorts of more market-oriented reforms that could achieve the type of objectives our political class wants, without the unintended consequences of industrial policy," he said.

While the Biden administration push, described by economists as an industrial policy, has opened opportunities for some companies, significant hurdles remain. The 2022 CHIPS and Science Act provides $52.7 billion in federal subsidies for semiconductor production and research. Industrial policy still has critics. Scott Lincicome, director of general economics at the libertarian Cato Institute, said industrial policy tends to crumble into failed projects and cost overruns. "There's all sorts of more market-oriented reforms that could achieve the type of objectives our political class wants, without the unintended consequences of industrial policy," he said.

☆ Intel’s Generosity Wasn’t Paying Dividends
▼ + stars: | 2023-02-22 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

You can’t say Intel Corp. didn’t try. Ever since the chip maker outlined an ambitious—and very expensive—turnaround plan early last year, questions have swirled about its ability to keep funding its generous dividend. That payout looked even more generous as the company’s stock price melted down further on concerns about its competitive position and the sinking market for PC sales that still drives the bulk of the company’s chip sales. Intel’s dividend yield had reached about 5.6%—ranking it 14th on the S&P 500 and the second highest on the Dow following Verizon, according to FactSet.

☆ Premarket stocks: SpinCos are the new SPACs
▼ + stars: | 2023-02-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The parent company may distribute the new company’s stock to its shareholders, allowing them to own shares in both. These smaller, newly formed companies are still in the process of establishing themselves in the market and often have lower profit margins than their parent company. It costs a lot to borrow these days and investors are looking for high profits and value stocks, writes Goldman. The Federal Reserve’s interest rate hikes have added significantly to the cost of government debt. “As we add trillion after trillion to our debt, the problem only gets worse and compounds.

☆ AMD Shines Through Intel’s Dark Cloud
▼ + stars: | 2023-02-02 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

AMD CEO Lisa Su at an event in Las Vegas earlier this year. For Advanced Micro Devices , it seems enough these days to simply not be Intel. Fourth-quarter results for the chip maker better known as AMD were mixed at best. Overall revenue of $5.6 billion slightly beat Wall Street’s forecasts thanks to strength in the company’s videogame business, which includes processors for the Xbox and PlayStation consoles.

☆ Intel Shares Drop After Disappointing Earnings
▼ + stars: | 2023-01-27 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Intel Corp.’s shares slid more than 7% to $27.76 Friday after it reported a loss in the fourth quarter as shifting demand and a battle for market share darkens its outlook in the months ahead. The chip maker said after the bell on Thursday that it swung to a quarterly net loss of $664 million as sales fell by nearly a third to $14 billion. Intel’s sales slump has been made worse by a steep downturn in the personal-computer market after PC shipments fell 28.5% in the final quarter of 2022.

☆ Intel’s Leap of Faith Turns Into a Lurch
▼ + stars: | 2023-01-27 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

There is never a great time to spend obscene amounts of money fixing problems years in the making. Intel’s fourth-quarter results late Thursday closed out one of the roughest years in the storied Silicon Valley giant’s long history. Revenue for the year fell 20%—the worst annual decline the company has seen since the dot-com bubble burst in 2001. The recent downturn is driven by shriveling sales in its two key businesses: personal computers and data centers. Both got worse as the year progressed, resulting in fourth-quarter revenue and adjusted operating income coming in well below Wall Street’s forecasts.

☆ Intel is becoming accidental ad for friendshoring
▼ + stars: | 2023-01-27 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

Its plan to catch up to rival Taiwan Semiconductor Manufacturing (2330.TW) in technology and manufacturing prowess, always ambitious, now looks implausible. If the U.S. government is keen to nurture a domestic chip industry, Intel is becoming an accidental advertisement for friendshoring. And as the building of data centers has cooled, revenue at the Intel unit that makes chips for them declined 33%. The bigger problem for Chief Executive Pat Gelsinger is that its chief rival TSMC is still making strides, and producing smaller chips, at just 3 nanometers. Intel estimated first-quarter revenue would be between $10.5 billion and $11.5 billion.

REUTERS/Andrew KellyOAKLAND, Calif/BANGALORE, Jan 27 (Reuters) - Microprocessor giant Intel Corp (INTC.O) says it will regain its footing against AMD and other chip rivals which are gobbling up market share, but Wall Street is skeptical. That's a headwind for Intel and AMD, both of which are rolling out new chips, but Intel is facing a larger inventory correction. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC calculated. Chipmaker shares were hammered across the board on Friday, but Intel led the decline, slumping by 10% while AMD lost 1.8%. AMD set to overtake Intel in market cap, again AMD set to overtake Intel in market cap, againReporting By Jane Lanhee Lee and Chavi Mehta; Editing by David Gaffen, Peter Henderson, Kirsten Donovan and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Analysts call Intel’s disappointing quarter an ‘historic collapse’ and 'much worse than feared'
▼ + stars: | 2023-01-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

JPMorgan cuts price target to $28 from $32, reiterates underweight rating. Mizuho cuts price target to $29 from $32, reiterates neutral rating. Wells Fargo cuts price target to $26 from $32, reiterates equal weight rating. Barclays cuts price target to $27 from $30, keeps equal weight rating. Cowen cuts price target to $26 from $31, keeps market perform rating.

☆ Intel Names Longtime Director Frank Yeary as Board Chairman
▼ + stars: | 2023-01-24 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Intel Corp. said Monday that it appointed Frank Yeary as chairman of its board of directors, succeeding Omar Ishrak in the role. The semiconductor giant said that Mr. Ishrak decided to step down as chairman. A former chief executive of the medical device company Medtronic PLC, Mr. Ishrak will remain on Intel’s board as an independent director and serve on the audit and finance committee and corporate governance and nominating committee. He has been on Intel’s board since 2017.

☆ Premarket stocks: The Federal Reserve is testing how climate change could hurt big banks
▼ + stars: | 2023-01-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The largest six banks in the United States have been given until July to show the Federal Reserve what effects disastrous climate change scenarios could have on their bottom lines. The Federal Reserve first announced the pilot program in September, noting that Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo would participate. In its announcement the Federal Reserve stressed that the exercise “is exploratory in nature and does not have capital consequences.” It also said that it would not publish individual banks’ results. San Francisco Federal Reserve President Mary Daly told CNN in October Thursday that this was a learning and exploratory exercise for the Federal Reserve. The other side: Critics of the pilot program have argued that the Federal Reserve was overstepping its boundaries and that they might soon begin to enforce financial penalties.

☆ Intel CEO says chip supply chains will shape geopolitics more than oil over the next 50 years
▼ + stars: | 2023-01-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Global politics will be dominated by the availability, trade and investment in microchips for the next several decades, Intel CEO Pat Gelsinger told CNN Tuesday. The location of “oil reserves [has] defined geopolitics for the last five decades,” Gelsinger said in an interview with CNN’s Julia Chatterley at the World Economic Forum in Davos. Issues in the chip supply chain in recent years have caused shortages and shipping delays of everything from desktop computers and iPhones to cars. The CHIPS and Science Act will invest more than $200 billion to help companies grow US domestic chip-making and research. Because we’re assuming they’ll help us make these massive investments.”

☆ Intel’s New Compliance Chief Navigates Geopolitics, Supply-Chain Shift
▼ + stars: | 2022-12-23 | by ( Dylan Tokar | ) www.wsj.com time to read: +6 min

Carol Tate is the chief compliance officer at Intel. “It’s an exciting time to lead a global team with a company that’s at the center of those things.”Ms. Tate spoke with Risk & Compliance Journal about the supply-chain shift, layoffs and other topics. WSJ: What role does compliance play when it comes to these massive geopolitical pressures around the chip industry? Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. We refer to it as CRIS [compliance risk intelligence system].

☆ U.S. blacklists Chinese firm selling video surveillance tech to Iran
▼ + stars: | 2022-12-15 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +7 min

“The Chinese Communist Party is weaponizing technology companies to further its geopolitical goals,” Rubio said in an email. Human rights advocates and lawmakers are concerned Iranian authorities could use Tiandy’s video surveillance technology to help squelch a wave of anti-regime protests in the country. The Biden administration last month effectively banned the sale or import of new equipment from a number of Chinese surveillance firms. China has strongly rejected U.S. criticism of Chinese tech companies and of its treatment of Uyghurs or other Muslim minorities in the country. But he said it was “absurd” to portray Chinese technology as a security threat.

☆ Chinese firm selling surveillance tech to Iran comes under scrutiny
▼ + stars: | 2022-12-01 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +11 min

Tiandy is one of several Chinese companies at the center of China’s vast domestic surveillance network, experts and human rights advocates say. A spokesperson for the Chinese embassy in Washington, Liu Pengyu, said the embassy could not speak on behalf of Chinese private companies. Last week, the Biden administration effectively banned the sale or import of new equipment from a number of Chinese surveillance firms but Tiandy Technologies was not named. Maya Wang, senior China researcher at Human Rights Watch, said Chinese surveillance technology tends to be less expensive and more attractive for some authoritarian governments. Like other video technology companies in China, Tiandy’s software includes an ethnicity tracking tool that supposedly can digitally identify someone’s race.

☆ How AMD became a chip giant and leapfrogged Intel after years of playing catch-up
▼ + stars: | 2022-11-22 | by ( Katie Tarasov | ) www.cnbc.com time to read: +6 min

After AMD and Intel parted ways, AMD reverse engineered Intel’s chips to make its own products that were compatible with Intel’s groundbreaking x86 software. Intel sued AMD, but a settlement in 1995 gave AMD the right to continue designing x86 chips, making personal computer pricing more competitive for end consumers. For those, AMD turned to Taiwan Semiconductor Manufacturing Co., which now makes all of AMD’s most advanced chips. AMD’s data center customers include Amazon Web Services, Google Cloud, Oracle, IBM and Microsoft Azure. And so now it suddenly makes sense to do more customized solutions.”Former Xilinx CEO Victor Peng and AMD CEO Lisa Su on stage in Munich, Germany, at the AMD

☆ Smartphone chip firm MediaTek CEO sees 'incremental' move away from Taiwan
▼ + stars: | 2022-11-14 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

Nov 13 (Reuters) - Tensions between China and the United States are pushing some manufacturer companies to talk about moving some of their supply chain away from Taiwan as well, although it’s “incremental,” the head of Taiwan’s most important smartphone chip design firm told Reuters over the weekend. Some of the "very large (equipment manufacturers) will require their chip suppliers to have multiple sources, like from Taiwan and from U.S., or from Germany or from Europe," said MediaTek Inc (2454.TW) Chief Executive Rick Tsai. "I think in those cases, we will have to find multiple sources for the same chip if the business warrants that." While MediaTek's most advanced smartphone chips are made at Taiwan Semiconductor Manufacturing Co (2330.TW) in Taiwan, Tsai said some older smartphone chips are made by GlobalFoundries Inc (GFS.O), which has factories in places like the U.S. and Singapore, and pointed to an announcement earlier this year to make its chips at Intel Corp’s (INTC.O) fabrication facilities. Tsai said the "Intel 16" chip manufacturing technology that MediaTek has committed to use fits well for producing MediaTek chips for smart TVs and Wi-Fi.

☆ AI chip startup SiMa.ai launches auto business with former Bosch, Mercedes executive
▼ + stars: | 2022-11-03 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif., Nov 3 (Reuters) - Silicon Valley-based AI chip startup SiMa.ai on Thursday said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz (MBGn.DE), to lead that business. Kroeger, who is on the board of electric pickup truck firm Rivian (RIVN.O), will join SiMa.ai’s board, which includes top chip industry executives Moshe Gavrielov, a Taiwan Semiconductor Manufacturing Co. (2330.TW) board member, and Lip‑Bu Tan, an Intel (INTC.O) board member. The announcement comes as chip makers' competition in the automotive industry intensifies with Nvidia Corp (NVDA.O), Qualcomm Inc (QCOM.O), and Intel’s recently listed Mobileye (MBLY.O) all vying for car makers. SiMa.ai’s main product called MLSoC, short for machine learning system on chip, processes video and images, an important technology for assisted and self-driving technology. "I was on the knife's edge," said Krishna Rangasayee, CEO of SiMa.ai about the decision to enter the automotive market which he noted can take years to generate revenue from.

☆ AMD shares rise as chipmaker sees data center strength cushioning PC slowdown
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

"We expect AMD's share gains to continue, as the company's upcoming, next-generation server CPUs are expected to outperform Intel’s lineup across price/performance metrics," YipitData analyst Nathaniel Harmon said. Reuters GraphicsThe PC industry, reeling from a downturn after its pandemic boom, pressured AMD's earnings and the company also lost market share there to Intel. A recovery in the business seems distant, with Chief Executive Lisa Su saying that AMD expects the PC market will decline by another 10% in 2023. Some analysts, however, said the company was undershipping products even in a weak market and could see some upside next year. Reporting by Akash Sriram and Chavi Mehta in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

AMD forecast fourth-quarter and full-year revenue below Wall Street estimates, but Kinngai Chan, an analyst at Summit Insights Group, suggested investors had braced for worse. "While AMD's 4Q22 sales outlook was below consensus expectations, we believe investors are somewhat relieved that AMD expects its data center and embedded businesses to grow sequentially," Chan said. While AMD has been growing its market share quickly in the datacenter, rival Intel Corp.(INTC.O) has seen its share slip even in its latest earnings reported. Su added the North American cloud market was the most resilient of the data center market segments, though she did not expect significant recovery of the China data center market in 2023. While its Data Center revenue was $1.6 billion, up 45% year-on-year.

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