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Search resuls for: "Chipmaker Micron"


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☆ China to conduct cybersecurity review on chipmaker Micron's products
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: 1 min
BEIJING, March 31 (Reuters) - China's cyberspace regulator will conduct a cybersecurity review on products sold in China by U.S. memory chip manufacturer Micron Technology (MU.O), the regulator said on Friday. The move is aimed at protecting the security of the supply chain for critical information infrastructure, prevent hidden risks and safeguard national security, the Cyberspace Administration of China said in a brief statement. It gave no other details, including what Micron products it was reviewing. Shares in Micron fell 3.3% in pre-market trading after the announcement. Reporting by Ella Cao and Meg Shen Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ China to examine US chipmaker Micron's products for cybersecurity risks
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +2 min
March 31 (Reuters) - China's cyberspace regulator will conduct a cybersecurity review of products sold in the country by U.S. memory chip manufacturer Micron Technology Inc (MU.O), the regulator said on Friday. It gave no other details, including which Micron products it was reviewing. The Netherlands, which makes advanced lithography equipment critical for the manufacture of advanced chips, made a similar announcement earlier this month. Weak consumer demand has roiled the memory chip market, which is dominated by South Korea's Samsung Electronics (005930.KS). The larger chunk of the company's products flowing into China are being purchased by non-Chinese firms for use in products manufactured in the country, according to analysts.
☆ Here's our March rapid-fire update on all 36 stocks in Jim Cramer's Investing Club portfolio
  + stars: | 2023-03-28 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +13 min
Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. But importantly, the chipmaker has joined Apple in rarified air, becoming an "own it, don't trade it" stock for the Club. The company's business can withstand an economic slowdown and benefits from a weaker U.S. dollar because of its large international presence. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
☆ Memory chipmaker Micron expects revenue drop in line with Wall St view, shares rise
  + stars: | 2023-03-28 | by ( Akash Sriram Jane Lee | Akash Sriram | Jane Lee | ) www.reuters.com   time to read: +2 min
With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001. Micron shares in after hours trading rose about 2%. The company expects third-quarter revenue of $3.70 billion plus or minus $200 million, matching analysts' average estimate, according to Refinitiv data. Revenue for the second quarter fell by about 53% to $3.69 billion, compared with estimate of $3.71 billion. Net loss was $2.3 billion, compared with a profit of $2.26 billion a year earlier.
☆ Yellen: U.S. Could Intervene Again to Protect Banking System
  + stars: | 2023-03-21 | by ( ) www.wsj.com   time to read: 1 min
Skilled Workers Shortage Threatens Biden’s Plans For U.S. ChipmakingChipmaker Micron will have to overcome a massive shortage of skilled workers in order to open its planned semiconductor-manufacturing campus in the suburbs of Syracuse, N.Y. WSJ reporter Joseph De Avila joins host Zoe Thomas to discuss how the company is dealing with the shortage and what it says about the Biden administration's goal of increasing chipmaking in the U.S. Photo: KAI PFAFFENBACH/REUTERS
☆ China’s Xi and Russia’s Putin Meet for Second Day: Key Takeaways
  + stars: | 2023-03-21 | by ( ) www.wsj.com   time to read: 1 min
Skilled Workers Shortage Threatens Biden’s Plans For U.S. ChipmakingChipmaker Micron will have to overcome a massive shortage of skilled workers in order to open its planned semiconductor-manufacturing campus in the suburbs of Syracuse, N.Y. WSJ reporter Joseph De Avila joins host Zoe Thomas to discuss how the company is dealing with the shortage and what it says about the Biden administration's goal of increasing chipmaking in the U.S. Photo: KAI PFAFFENBACH/REUTERS
☆ China’s Global Peacemaker Ambitions Put It in Competition With U.S.
  + stars: | 2023-03-21 | by ( ) www.wsj.com   time to read: 1 min
Skilled Workers Shortage Threatens Biden’s Plans For U.S. ChipmakingChipmaker Micron will have to overcome a massive shortage of skilled workers in order to open its planned semiconductor-manufacturing campus in the suburbs of Syracuse, N.Y. WSJ reporter Joseph De Avila joins host Zoe Thomas to discuss how the company is dealing with the shortage and what it says about the Biden administration's goal of increasing chipmaking in the U.S. Photo: KAI PFAFFENBACH/REUTERS
☆ ‘Ted Lasso’ Cast Visits White House to Discuss Mental Health
  + stars: | 2023-03-20 | by ( ) www.wsj.com   time to read: 1 min
Skilled Workers Shortage Threatens Biden’s Plans For U.S. ChipmakingChipmaker Micron will have to overcome a massive shortage of skilled workers in order to open its planned semiconductor-manufacturing campus in the suburbs of Syracuse, N.Y. WSJ reporter Joseph De Avila joins host Zoe Thomas to discuss how the company is dealing with the shortage and what it says about the Biden administration's goal of increasing chipmaking in the U.S. Photo: KAI PFAFFENBACH/REUTERS
☆ Exclusive: Samsung's new Texas chip plant cost rises above $25 billion -sources
  + stars: | 2023-03-15 | by ( Alexandra Alper Stephen Nellis | Alexandra Alper | Stephen Nellis | ) www.reuters.com   time to read: +3 min
WASHINGTON/SAN FRANCISCO, March 15 (Reuters) - A chip plant that South Korea's Samsung Electronics Co Ltd (005930.KS) is building in Taylor, Texas, will cost the world's biggest memory chipmaker over $25 billion, up more than $8 billion from initial forecasts, according to two people familiar with the matter. The increase in cost is primarily due to inflation, the people said, declining to be named because the information was not public. "The higher construction cost is about 80% of the cost increase," one of the sources said. Meanwhile, Intel Corp (INTC.O) announced a $20 billion chip factory in Ohio that it could expand to cost up to $100 billion. Samsung, the world's No.2 contract chip manufacturer, announced its Taylor, Texas, plant in 2021.
☆ Micron sets 10% job cuts in 2023 due to 'supply-demand mismatch'
  + stars: | 2022-12-21 | by ( Akash Sriram Jane Lanhee Lee | Akash Sriram | Jane Lanhee Lee | ) www.reuters.com   time to read: +1 min
"Due to the significant supply demand mismatch entering calendar 2023, we expect that profitability will remain challenged throughout 2023," Micron chief executive Sanjay Mehrotra said. Micron, reporting earnings on Wednesday, forecast second-quarter revenue of $3.8 billion, plus or minus $200 million, above Wall Street estimates. But it forecast a loss of 62 cents per share plus or minus 10 cents, much steeper than analysts' estimates for a 30 cents loss. Micron said the layoffs, part of a restructuring plan, would result in charges of at least $30 million in the second quarter. Revenue for the first quarter ended Nov. 30 fell about 47% year on year to $4.09 billion.
☆ Jim Cramer's top 10 things to watch in the market Wednesday: Santa coming? Nike pops.
  + stars: | 2022-12-21 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Multiple price target increases on Wall Street. JPMorgan acknowledges "relief rally" but cuts its price target. Deutsche Bank lowers price target on Tesla (TSLA) to $270 per share from $355; keeps buy rating. Gordon Haskett downgrades Target (TGT) to hold from buy, with a $132-per-share price target; cites "meaningfully eroded traffic." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ S&P 500, Nasdaq fall as Target stokes fears of gloomy holiday season
  + stars: | 2022-11-16 | by ( Amruta Khandekar Ankika Biswas | Amruta Khandekar | Ankika Biswas | ) www.reuters.com   time to read: +4 min
The data showed retail sales rose 1.3% last month led by motor vehicles after remaining flat in September. Economists polled by Reuters had forecast sales accelerating 1%. Among S&P 500 sectors, retail (.SPXRT) and consumer discretionary (.SPLRCD) were down 1.9% and 1.7%, respectively. Declining issues outnumbered advancers for a 2.10-to-1 ratio on the NYSE and for a 2.41-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and two new lows, while the Nasdaq recorded 33 new highs and 56 new lows.
☆ Japan to invest up to $500 mln to manufacture advanced chips
  + stars: | 2022-11-11 | by ( Tim Kelly Elaine Lies | Tim Kelly | Elaine Lies | ) www.reuters.com   time to read: +2 min
TOKYO, Nov 11 (Reuters) - Japan said on Friday it will invest up to 70 billion yen ($500 million) in a new semiconductor company led by tech firms including Sony Group Corp (6758.T) and NEC Corp (6701.T) as it rushes to re-establish itself as a lead maker of advanced chips. The new chip company will be named Rapidus and aims to begin making chips in the second half of the decade, he added. Japan is also concerned that China may attempt to take control of Taiwan, the global hub for advanced chip production. In July Japan also offered a 93 billion yen subsidy to help memory chip makers Kioxia Corp and Western Digital Corp (WDC.O) expand output in Japan. In September it pledged to give U.S. chipmaker Micron Technology (MU.O) $46.5 billion yen so it can add production capacity at its plant in Hiroshima.
☆ U.S. chipmaker Marvell cutting some R&D roles in China - statement
  + stars: | 2022-10-27 | by ( Josh Horwitz | ) www.reuters.com   time to read: +2 min
"In China, we will focus our R&D investments on local customers and the China market," Stacey Keegan, vice president of Corporate Marketing at Marvell said in a written response to questions sent from Reuters. Domestic China media outlet iJiwei reported late on Wednesday, citing unnamed industry sources, that Marvell planned to lay off a large proportion of its research and development team in China. The company's move comes as chipmakers brace for slowing demand following a boom at the peak of a global chip shortage. read moreAmid the geopolitical tensions, a number of U.S.-based companies have scaled back ther R&D operations in China. In January, fellow U.S.-based chipmaker Micron Technology Inc (MU.O) shut down its its DRAM R&D center in Shanghai citing shifting investment priorities.
☆ What Cramer is watching Wednesday — Fed day, Putin escalation, oil stock optimism
  + stars: | 2022-09-21 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Buy Club holding Ford into any Fed weakness. Barclays downgrades Club holding and Dow stock Cisco Systems (CSCO) to equal weight from overweight (hold from buy). Wells Fargo cuts PT to $75 tom $90 but keeps overweight (buy) rating. However, BofA keeps buy rating on Visa. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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