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Search resuls for: "Asa Fitch"


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☆ Microsoft Earnings Decline, Sales Growth Slows Amid Weakening PC Sales
  + stars: | 2022-10-25 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Microsoft said its profit fell and sales growth slowed 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., 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.
☆ Intel CEO Calls New U.S. Restrictions on Chip Exports to China Inevitable
  + stars: | 2022-10-24 | by ( Tim Higgins | Asa Fitch | ) www.wsj.com   time to read: 1 min
LAGUNA BEACH, Calif.—Intel Corp. Chief Executive Pat Gelsinger said that recently imposed U.S. restrictions on semiconductor-industry exports to China were inevitable as America seeks to maintain technological leadership in competition with China. Speaking at The Wall Street Journal’s annual Tech Live conference, Mr. Gelsinger said the restrictions, which require chip companies to obtain a license to export certain advanced artificial-intelligence and supercomputing chips as well as equipment used in advanced manufacturing, are part of a necessary shift of chip supply chains.
☆ Nvidia, Applied Materials Warnings Cast Shadow on Chip-Earnings Season
  + stars: | 2022-10-19 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Applied Materials says sales for its current quarter will probably be lower than it previously expected. Chip companies are facing a new period of tumult with a global semiconductor drought giving way to a sharp drop in demand for consumer electronics and new trade restrictions on China. U.S. curbs on exports of some of the most advanced chips to China unveiled less than two weeks ago have triggered a new round of profit warnings from semiconductor businesses and have prompted analysts to cut earnings forecasts for some of the companies designing chips and the tools to produce them.
☆ Lam Research Adds to Nvidia, Applied Materials Warnings on Chip-Earnings Season
  + stars: | 2022-10-19 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Chip-tool maker Lam Research warned of a potentially steep drop in sales as the U.S. imposes new restrictions on exports to China, highlighting how the global semiconductor industry’s earnings woes have grown beyond a slump in demand for some consumer electronics. U.S. curbs on exports of some of the most advanced chips to China unveiled less than two weeks ago have triggered a new round of profit warnings from semiconductor businesses and have prompted analysts to cut earnings forecasts for some of the companies designing chips and the tools to produce them.
☆ Journal Reports: Technology
  + stars: | 2022-10-15 | by ( Cordilia James | Jackie Snow | Drew Fitzgerald | ) www.wsj.com   time to read: 1 min
Companies are spending billions of dollars to connect customers. Here’s a closer look at their different approaches, and the services they hope to offer.
☆ Superfast 5G Gadgets Are Off to a Slow Start
  + stars: | 2022-10-14 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
One of many 5G soil-moisture probes throughout the apple orchards of Swans Trail Farms in Snohomish, Wash. It was one of 5G’s big selling points: millions of always-connected internet-of-things devices exchanging data wirelessly at lightning speed, revolutionizing the portability of everything from augmented-reality goggles to surveillance cameras. Several years into the 5G rollout, the internet-of-things boom largely hasn’t happened. There were about 4.4 million 5G-connected internet-of-things devices in the U.S. in 2021, according to analysis firm International Data Corp.—a sizable number but a drop in the bucket compared with the nearly 100 million smartphones capable of 5G.
☆ Samsung, TSMC Win Exemption From New U.S. Chip Restrictions on China
  + stars: | 2022-10-13 | by ( Jiyoung Sohn | Asa Fitch | ) www.wsj.com   time to read: 1 min
The groundbreaking ceremony for a Samsung chip production line in Xi’an, China, in 2018. The company operates two chip facilities in the country. Samsung Electronics has been granted a one-year exemption from new U.S. curbs on China’s chip industry, according to people familiar with the matter, joining a list of semiconductor companies that have received dispensation. The U.S. Department of Commerce granted Samsung authorization to continue receiving chip-making equipment and other items needed to maintain its memory-chip production in China, the people said. The South Korean company operates chip facilities in two Chinese cities.
☆ Samsung Gets One-Year Exemption From New U.S. Chip Restrictions on China
  + stars: | 2022-10-13 | by ( Jiyoung Sohn | Asa Fitch | ) www.wsj.com   time to read: 1 min
SEOUL— Samsung Electronics has been granted a one-year exemption from new U.S. restrictions that block exports of advanced chips and related equipment to China, according to people familiar with the matter, joining a list of American-allied semiconductor giants that have received dispensation. The U.S. Department of Commerce granted Samsung authorization to continue receiving chip-making equipment and other items needed to maintain its memory-chip production in China, the people said. The South Korean firm operates chip facilities in two Chinese cities.
☆ Intel CEO Pushes to Further Separate Chip-Design, Production Arms
  + stars: | 2022-10-12 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Intel had used its factories almost exclusively for producing its own chips until a contract arm was established last year. Intel plans to create greater decision-making separation between its chip designers and chip-making factories as part of Chief Executive Pat Gelsinger ’s bid to revamp the company and boost returns. The new structure, which Mr. Gelsinger disclosed in a letter to staff on Tuesday, is designed to let Intel’s network of factories operate like a contract chip-making operation, taking orders from both Intel engineers and external chip companies on an equal footing.
☆ Intel Introduces Videogame Graphics Chips to Challenge Nvidia
  + stars: | 2022-09-27 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Intel dominates in semiconductors for personal computers but has long ceded the videogame graphics chips market to other developers. Intel plans to start selling graphics chips for videogamers next month, aiming to get a piece of a lucrative market dominated by competitors Nvidia and Advanced Micro DevicesIntel dominates in semiconductors at the computational heart of personal computers, but it has long ceded the market for videogaming graphics chips to Nvidia and AMD. Intel Chief Executive Pat Gelsinger on Tuesday signaled the company would re-enter that field, releasing a graphics card for gamers that is slated to be available on Oct. 12.
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