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☆ ASML to ship first pilot tool in its next product line in 2023 -CEO
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Piroschka van de Wouw/File photo Acquire Licensing RightsAMSTERDAM, Sept 5 (Reuters) - ASML (ASML.AS) will ship the first pilot tool in its next product line this year as planned, the semiconductor equipment maker's CEO Peter Wennink said, despite some supplier hold-ups. Under pressure from the United States, the Dutch government does not grant ASML licences to export EUV tools to Chinese chipmakers. Like in a camera, the High NA, or high numerical aperture tool, will gather light from a wider angle for up to 70% better resolution, although the ASML tool uses a system of mirrors rather than a lens. Separately, Wennink confirmed that ASML will have more sales in dollar terms from its previous generation "DUV" machines than EUV machines in 2023. ASML is forecasting 30% sales growth this year due in part to strong demand from Chinese customers for the older machines.

Persons: de, Peter Wennink, Wennink, Toby Sterling, Alexander Smith Organizations: REUTERS, Rights, NA, Reuters, Intel, Samsung, SK Hynix, Micron, Thomson Locations: Veldhoven, Netherlands, Eindhoven, United States, Arizona, Taiwan

☆ Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
▼ + stars: | 2023-09-05 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."

Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona

☆ Burning Man’s libertarian dream gets reality check
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

Vehicles are seen departing the Burning Man festival in Black Rock City, Nevada, U.S., September 4, 2023. REUTERS/Matt Mills McKnight Acquire Licensing RightsNEW YORK, Sept 5 (Reuters Breakingviews) - “Exodus Operations have officially begun” is the self-important way organizers described allowing over 60,000 mud-bound attendees to leave Burning Man on Monday. The anarcho-arts festival’s rain-soaked disaster highlights the tension between its founding libertarian ethos and smoothly running operations of this size. Burning Man is the latest, after freak rainstorms turned its usually arid desert venue into a mud-pit on Saturday, necessitating a shelter-in-place order. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Matt Mills McKnight, ”, rainstorms, Elon Musk, Ray Dalio, Grover Norquist, Robert Cyran, Hong Kong, Jonathan Guliford, Sharon Lam Organizations: REUTERS, Reuters, Operations, X, Intel’s, Hong, Thomson Locations: Rock City , Nevada, U.S, Woodstock

☆ Intel to offer foundry services to Tower Semiconductor after acquisition deal falls through
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO: Tower Semiconductor is seen on smartphone in front of displayed Intel logo in this illustration taken, February 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsSept 5 (Reuters) - Intel (INTC.O) will offer foundry services to Tower Semiconductor (TSEM.TA) in a new deal that will see the Israeli contract chipmaker invest $300 million in Intel's New Mexico factory, the companies said on Tuesday. "We see this as a first step towards multiple unique synergistic solutions with Intel," Tower CEO Russell Ellwanger said. The deal also strengthens Intel's foundry capacity as it advances on rivals such as industry leader Taiwan Semiconductor Manufacturing Co. In the second quarter, Intel's foundry business reported revenue of $232 million, up from $57 million a year earlier.

Persons: Dado Ruvic, Russell Ellwanger, Yuvraj Malik, Shweta Agarwal Organizations: Semiconductor, REUTERS, Intel, Tower Semiconductor, Taiwan Semiconductor Manufacturing, Thomson Locations: Intel's New Mexico, China, New Mexico, Ohio, Bengaluru

☆ Apple, Google, Nvidia and other tech giants are considering buying Arm shares
▼ + stars: | 2023-09-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Chip design firm Arm said in a Tuesday filing that Apple , Google parent Alphabet , Nvidia and other technology companies are interested in buying up to $735 million in its shares as it seeks to go public on Nasdaq. Chip foundry operators Intel , Samsung and TSMC are interested in investing alongside the three trillion-dollar technology companies, along with AMD and MediaTek, which make chip designs based on Arm architectures. In 2020, Nvidia announced plans to acquire Arm from SoftBank for $40 billion, but regulators in the U.S. and the U.K. pushed back. The fact that Nvidia wasn't able to buy Arm didn't stop Nvidia's co-founder and CEO Jensen Huang from talking up Arm during the chip-design company's IPO roadshow. WATCH: Portfolio manager discusses the investment risks around Arm's IPO

Persons: Chip, SoftBank, Nvidia's, Jensen Huang, Huang, Huang isn't, Rick Tsai Organizations: Apple, Google, Nvidia, Nasdaq, Intel, Samsung, AMD, Design Systems Locations: London, New York, SoftBank, U.S

☆ Arm IPO: British chip designer targets valuation of $52 billion. Apple, Google and Nvidia show interest
▼ + stars: | 2023-09-05 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

That could rise to $5.2 billion if the banks underwriting the IPO exercise an option to buy additional shares from SoftBank. In 2020, SoftBank tried to offload Arm to Nvidia for $40 billion, in what would have been the biggest chip deal of all time. The company’s return to the public market is being closely watched as it promises to be the biggest US IPO since 2021. Arm made nearly $2.7 billion in revenue in the fiscal year ended March, according to its prospectus. SoftBank will continue to own approximately 90% of Arm’s shares following the listing, according to the filing.

Persons: SoftBank, Japan’s SoftBank, It’s Organizations: London CNN, Big Tech, Nasdaq, Securities and Exchange Commission, Apple, Google, Nvidia, AMD, Samsung, Intel, Vision, Porsche Locations: British, SoftBank, Cambridge, Frankfurt

☆ Intel’s Tower deal sidesteps competition snafu
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

On Tuesday, $155 billion chip giant Intel (INTC.O) inked a new partnership with Tower Semiconductor (TSEM.TA), which Intel boss Pat Gelsinger recently gave up on acquiring for $5 billion. The deal will see Tower spend $300 million on equipment at Intel’s New Mexico campus, bolstering Gelsinger’s nascent chip-manufacturing-for-hire services. Intel ended its year-and-a-half-long quest to acquire Tower in August, after failing to win sign-off from Chinese antitrust enforcers. Signed in February 2022, the deal was aimed at strengthening Intel’s pivot into manufacturing chips designed by others by bringing in Tower’s know-how. By signing up Tower as a partner, Gelsinger wins a chunk of its business without the trouble of competition roadblocks.

Persons: Pat Gelsinger, Gelsinger, Jonathan Guilford, Hong Kong, Lauern Silva Laughlin, Sharon Lam Organizations: Intel, Reuters, Tower Semiconductor, Intel’s, X, Hong, Thomson Locations: Las Vegas , Nevada, U.S, Mexico, Tower’s

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. Arm is also meeting with other potential investors, including Arlington, Virginia-based Sands Capital, in Baltimore on Tuesday, according to people familiar with the matter. T. Rowe Price and Sands Capital did not immediately respond to requests for comment. Arm has signed up many of its major clients as investors in its IPO, including Apple (AAPL.O), Nvidia (NVDA.O), Alphabet (GOOGL.O), Advanced Micro Devices (AMD.O), Intel (INTC.O) and Samsung Electronics (005930.KS). Reporting by Echo Wang and Anirban Sen in New York; Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Rowe Price, Arm, Echo Wang, Anirban Sen, Nick Zieminski Organizations: REUTERS, Arm Holdings, SoftBank Group Corp, Sands Capital, Apple, Nvidia, Devices, Intel, Samsung Electronics, Thomson Locations: Baltimore, Arlington , Virginia, New York

☆ Arm is headed for a $52 billion IPO that's set to draw tech titans like Apple and Nvidia. Here's what to know about the biggest US stock debut of the year.
▼ + stars: | 2023-09-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Softbank Group-owned chip designer Arm is targeting a $52 billion IPO in September. The launch is set to draw big investment from tech giants like Apple, Nvidia, Samsung, and Google. The debut is expected to be the largest of 2023, and it could mark a turning point for the sluggish IPO market. A revival of IPOsIt's possible that the blockbuster stock launch marks a turning point for what's been a relatively muted IPO market since 2022. Arm could help pave the way for other tech firms and startups who's plans for an IPO have stalled through the downturn.

Persons: Softbank, Goldman Sachs, JPMorgan Chase, what's, Rob Wotczak, Masayoshi, Instacart, Wotczak Organizations: Softbank, Apple, Nvidia, Samsung, Google, Service, New York Stock Exchange, Wall Street Journal, Fund, Nasdaq, Intel, TSMC, Devices, underwriters, Arm's, Barclays, JPMorgan, Mizuho Financial Group, Bloomberg, Freedom Capital Markets, Vision Locations: Wall, Silicon, London, New York, Saudi

☆ Nvidia isn't the only game in town. Investors advise against overlooking these other AI beneficiaries
▼ + stars: | 2023-09-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Nvidia can't stop stunning Wall Street and the investing community in 2023, but portfolio managers say don't let the excitement overshadow other potential AI winners. "Theme after theme, transition after transition, the strong usually gets stronger," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Some retail and professional investors seemed to interpret the news as a sign that it's "game over" for some of the other AI chipmakers, Forrest said. Forrest, who's on the hunt for growth at a reasonable price, points to companies like Advanced Micro Devices, Micron Technology . On the AI chip theme, Meeks also points to Broadcom , Marvell Technology and Taiwan Semiconductor , a major supplier for Nvidia, as other ways to play the trend.

Persons: Paul Meeks, there's, Kim Forrest, Forrest, who's, Meeks, chipmaker, Capital Management's JoAnne Feeney, Feeney, it's Organizations: Nvidia, Independent Solutions Wealth Management, Intel, Devices, Broadcom, Marvell Technology, Bokeh Capital Partners, Micron Technology, AMD MU, AMD, MU, Taiwan Semiconductor, Capital, Google

☆ Pro-Putin bloggers are posting propaganda videos from the Ukrainian frontlines — and say they're making big money
▼ + stars: | 2023-09-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Russian influencers are profiting from their war posts, a BBC investigation found. They say they can make big returns from advertising revenue with posts on Telegram. Some bloggers are also using the platform to criticize Russian military mistakes. The presence of Russian influencers on the frontline has at times provided crucial intel on the situation in the war, showing what it's like in the Russian trenches. But some bloggers have taken to using the platform to voice criticism about military blunders and setbacks.

Persons: That's, Andrew Wilson, Maksim Fomin, Makiivka Organizations: Service, BBC News, Facebook, Twitter, BBC, Borges's, Babel, University College London, intel, Ukraine Locations: Wall, Silicon, Russian, Russia, Ukraine, Moscow

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. The price range, which has not been previously reported, would translate into a valuation for Arm of roughly between $50 billion and $54 billion, and an offering of $5 billion to $5.4 billion. It would make Arm the most valuable company to list in New York since electric car maker Rivian Automotive (RIVN.O) debuted in 2021. The valuation Arm is currently seeking represents a climb-down from the $64 billion valuation at which SoftBank acquired the 25% stake in the company it did not already own from its $100 billion Vision Fund last month. Arm has already signed up many of its major clients as investors in its IPO, Reuters reported on Friday.

Persons: Dado Ruvic, SoftBank, Echo Wang, Greg Roumeliotis, Matthew Lewis, Chizu Organizations: REUTERS, Arm Holdings, SoftBank Group Corp, Rivian, Reuters, Apple Inc, Nvidia Corp, Inc, Devices Inc, Intel Corp, Samsung Electronics Co, Cadence Design Systems, Synopsys Inc, Thomson Locations: New York

☆ Former generals weigh in on how much say the US should have in Ukraine's counteroffensive as Kyiv's frustration with critics boils over
▼ + stars: | 2023-09-02 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +12 min

Ukraine has blamed a lack of equipment and tough defenses while some in the West have put the blame on Kyiv's forces. "Everyone is now an expert on how we should fight," Ukraine's defense ministry said on social media Thursday. He wrote that the general is "extremely talented," but "he has never before" coordinated the kind of operations Ukraine is executing now. AdvertisementAdvertisementThe US has reiterated that it will continue to support Ukraine's war effort, even as the counteroffensive is expected to potentially last for at least a couple more months and the conflict possibly for years. In a recent conversation with Insider about Ukrainian operations, Hodges said that the Ukrainians "have recognized that they have to adapt, which is what they're doing."

Persons: Dmytro Kuleba, it's, —, Jose Colon, Jack Keane, Keane, Metz, Michael O'Hanlon, George S, O'Hanlon, Hertling, Valery Zaluzhny, Diego Herrera Carcedo, Mick Ryan, Michael Kofman, Franz, Stefan Gady, Ben Hodges, David Petraeus, Mark Milley, Milley, Petraeus, Frederick Kagan, Hodges, Kyiv's, Ryan Organizations: Service, —, PKP, Ukrainian Army, Anadolu Agency, Getty, US Army, Institute for, Street, Patton's Third Army, NATO, intel, Army, Foreign Affairs, US Central Command, CNN, Joint Chiefs, Staff, The Washington Post, American Enterprise Institute, Russia, Nazis Locations: Ukraine, Wall, Silicon, Kyiv, Europe, Chasiv Yar, Russia, Donetsk Oblast, America, Ukrainian, France, Metz, Vietnam, Korea, US Army Europe, Australian, American, Singapore, Japan, United States, Philippines

☆ Exclusive: Arm signs up big tech firms for IPO at $50 billion-$55 billion valuation
▼ + stars: | 2023-09-01 | by ( Echo Wang | Thomson Reuters | Echo Wang Is A Correspondent At Reuters Covering U.S. Equity Capital Markets | ) www.reuters.com time to read: +3 min

The talks are ongoing and some other potential investors are also in discussions to invest in the IPO, the sources added. SoftBank Group Corp (9984.T), which owns Britain-based Arm, is targeting a valuation between $50 billion and $55 billion, Reuters reported earlier on Friday. Arm's clients have agreed to invest in that valuation range, the sources said. Arm and SoftBank have set aside 10% of the shares to be sold in the IPO for its clients, Reuters has previously reported. The Wall Street Journal reported on Arm's valuation target earlier on Friday.

Persons: Dado Ruvic, SoftBank, Echo Wang, Anirban Sen, Rosalba O'Brien Organizations: REUTERS, Arm Holdings, Apple Inc, Nvidia Corp, Inc, Devices Inc, Intel Corp, Samsung Electronics Co, Cadence Design Systems, Synopsys Inc, SoftBank Group Corp, Reuters, Apple, Nvidia, Amazon.com Inc, AMD, Intel, Samsung, Cadence, Street, Thomson Locations: Britain, New York

☆ Exclusive: Arm signs up big tech firms for IPO at $50 bln-$55 bln valuation -sources
▼ + stars: | 2023-09-01 | by ( Echo Wang | Thomson Reuters | Echo Wang Is A Correspondent At Reuters Covering U.S. Equity Capital Markets | ) www.reuters.com time to read: +3 min

☆ Russian hackers broke into Ukrainian battlefield tech, pillaging data from Android devices: intel agencies
▼ + stars: | 2023-09-01 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russian hackers breached devices Ukraine was using on the battlefield, Western intel agencies said. The hacking campaign targeted Android devices used by the Ukrainian military, they said. They said they discovered malware that can "steal sensitive information" was being used in a campaign targeting Android devices used by the Ukrainian military. The Five Eyes agencies' announcement backs up Ukraine's claim that Russia was hacking its battlefield tech. The Five Eyes agencies did not comment on this claim.

Persons: Sandworm, John Hultquist, SBU, Elon Musk's Organizations: Western intel, Service, Infrastructure Security Agency, NSA, FBI, GRU, South, Armed Forces, Defense Forces, CNN Locations: Ukraine, Western, Ukrainian, Wall, Silicon, UK, Australia, Canada, New Zealand, Russia

The U.S. Commerce Department, which normally administers new licensing requirements on exports, did not immediately return a request for comment. Last September AMD said it had received new license requirements that would halt exports of its MI250 artificial-intelligence chips to China. Nvidia, AMD and Intel (INTC.O) have since then all disclosed plans to create less powerful AI chips that can be exported to the Chinese market. Nvidia this week did not specify which countries in the Middle East were affected. About 13.9% of sales came from all other countries combined, and Nvidia does not provide a revenue breakout from the Middle East.

Persons: Dado Ruvic, Biden, Jasper Ward, Ismail Shakil, Stephen Nellis, Max Cherney, Abinaya, Chris Sanders, Nick Zieminski, Matthew Lewis, Lincoln Organizations: NVIDIA, REUTERS, Nvidia, Devices, AMD, U.S, U.S . Commerce Department, Intel, USG, ., Thomson Locations: U.S, China, United States, Taiwan, Japan, Netherlands, Washington, Ottawa, San Francisco, Bengaluru

The boost to formal ties could bring billions of dollars of new private investment and some public funds to Vietnam's semiconductor industry. But industry officials, analysts and investors said that the small pool of trained experts will be a crucial hurdle for the rapid development of the chip industry. There's also a risk of inadequate supply of trained chips software engineers, said Hung Nguyen, senior program manager on supply chains at RMIT University Vietnam. The White House has not specified which segments of the chips industry in Vietnam will be prioritised, but U.S. industry executives have indicated that the back-end is a key growth sector. More private investment could come, especially if a significant share of the $500 million available under the U.S. CHIPS Act for global semiconductor supply chains ends up in Vietnam.

Persons: Joe Biden, Kevin Lamarque, Biden, Thanh, There's, Hung Nguyen, CHINA'S, Amkor, Janet Yellen, Hung, Francesco Guarascio, Steve Holland, Trevor Hunnicutt, Khanh Vu, Phuong, Muralikumar Organizations: U.S . Army, White, REUTERS, Companies, ASEAN Business Council, RMIT University Vietnam, Boston Consulting Group, Reuters, Intel, U.S . Treasury, Marvell, Thomson Locations: Vietnam, Washington , U.S, Hanoi, Washington, Vietnam Vietnam, HANOI, U.S, China, United States, Taiwan, Beijing, The U.S, Malaysia, India, Europe, Phuong Nguyen

SoftBank plans to sell about 10% of Arm's shares in the IPO at a valuation of $60 billion to $70 billion, Reuters has previously reported. SoftBank decided to sell fewer Arm shares in the IPO after buying the 25% stake in Arm it did not directly own from its Vision Fund unit. Arm and SoftBank have set aside 10% of the shares to be sold in the IPO for its clients. Arm's shares will be listed on the Nasdaq and trade under the ticker symbol 'ARM'. Bloomberg reported on Arm's IPO timeline earlier on Thursday.

Persons: Dado Ruvic, SoftBank, Goldman Sachs, JPMorgan Chase, Anirban Sen, David Gregorio Our Organizations: REUTERS, Arm Holdings Ltd, Labor, SoftBank Group Corp, Reuters, Vision Fund, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Alibaba Group, HK, Deutsche Telekom, Mobile U.S, Goldman, JPMorgan, Barclays, Mizuho Financial Group, underwriters, Nasdaq, Bloomberg, Thomson Locations: New York

☆ Qualcomm banks on AI to get a bigger share of the automotive chip market
▼ + stars: | 2023-08-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Qualcomm is best known for the chips and modems inside Android phones. But in recent years, it's also started selling a package of hardware chips, sensors and software called Snapdragon Digital Chassis to automakers like GM , Hyundai and Volvo. It reported $1.32 billion in sales in its fiscal 2022, or about 3% of the company’s overall sales. Qualcomm makes between $200 and $3,000 per car that use its chips and software, officials said last fall at an investor event. Qualcomm faces stiff competition from other chipmakers in the car chip business.

Persons: it's Organizations: Qualcomm, GM, Hyundai, Volvo, Apple, Android, Computer, Intel, Nvidia, NXP Semiconductors, Bosch

☆ Russia is likely rethinking its air defenses, UK intel says, after a string of embarrassing strikes deep within its territory
▼ + stars: | 2023-08-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Drone attacks on airfields in Russia are likely forcing it to reshape its air defense, UK intel said. Airfields and other locations deep within Russian territory have been pummeled in multiple strikes by exploding drone attacks in recent weeks — with one flurry, on the night of August 29, striking five separate locations. In August alone 25 places in Russia came under drone attack, the UK MOD said, even penetrating the defenses around Moscow. "Russia will have to consider the addition of further air defence systems to airfields that it considers to be at risk from UAV attacks," the UK MoD said. Russia has blamed the attacks on Ukraine, which generally doesn't claim responsibility for attacks on Russian soil.

Persons: Insider's Sinéad Baker, recrimination, Baker, Bob Hamilton, Ben Hodges, Insider's Erin Snodgrass Organizations: intel, Service, UK's Ministry of Defence, Center for Strategic, MOD, MoD, US Army, Foreign, Research, Eurasia Program, Washington Post, Wall Street Journal, Tupolev, Russia Locations: Russia, Wall, Silicon, Moscow, Ukraine, Ukrainian, US Army Europe

☆ Top Ukrainian advisor warns the war is coming to Russia and 'cannot be stopped' as drones destroy Russian aircraft
▼ + stars: | 2023-08-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

A top Ukrainian advisor says the war is increasingly crossing into Russia and can't be stopped. Recent drone attacks have damaged Russian aircraft and jets far from the front lines. The fiery comments come amid increasing drone strikes inside Russian territory, including an attack over the weekend that Ukraine said damaged Russian fighter jets. Ukraine said it hit the jets with Australian-made "cardboard" drones that have a range of up to 75 miles. Drone attacks on Russia — Ukrainian-claimed or otherwise — are not new.

Persons: Mykhailo Podolyak, Volodymyr Zelenskyy Organizations: Twitter, Service, Ukraine's Security Services, intel Locations: Ukrainian, Russia, Wall, Silicon, Ukraine, Russian, Soviet, Moscow

☆ Intel to invest $1.2 bln in Costa Rica over next two years
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: 1 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSAN JOSE, Aug 30 (Reuters) - Intel (INTC.O) will invest $1.2 billion in Costa Rica over the next two years, the company said in a press release on Wednesday. The announcement comes after the U.S. State Department said in July that it would partner with Costa Rica's government to support the Costa Rican semiconductor sector through the 2022 Chips and Science Act. Reporting by Alvaro Murillo; Writing by Brendan O'Boyle; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Costa, Alvaro Murillo, Brendan O'Boyle, Isabel Woodford Organizations: REUTERS, JOSE, Intel, U.S . State Department, Costa, Science, Thomson Locations: Costa Rica, Costa Rican

☆ Europe's bumper Q2 puts global dividend payouts on track for record year
▼ + stars: | 2023-08-29 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

This time around, the surge in global interest rates meant banks contributed half the world's dividend growth and drove a quarter of Europe's increase. At the same time, U.S. dividend growth slowed for the sixth consecutive quarter. "But the positive effect on bank margins from the end of years of ultra-low interest rates is very powerful and is driving dividend payouts". The second quarter marks a seasonal high point for Japanese dividends and payouts there rose 8.4% on an underlying basis. Its largest dividend payer, carmaker Toyota (7203.T), accounted for one third of the underlying increase with a 25% hike, despite lower profits.

Persons: Dado Ruvic, Janus Henderson, Ben Lofthouse, Lofthouse, Eli Lilly, Marc Jones, Alex Richardson Organizations: REUTERS, Companies, Global Equity, UnitedHealth Group, Intel, Blackstone, Toyota, HK, Petrobras, PETR4, Thomson Locations: Europe, Italy, Spain, Britain, Ukraine, U.S, Asia, China, Brazil, Colombia

☆ Commerce chief says US firms complain China is 'uninvestible'
▼ + stars: | 2023-08-29 | by ( David Shepardson | ) www.reuters.com time to read: +5 min

[1/4] U.S. Commerce Secretary Gina Raimondo and Chinese Premier Li Qiang have a light moment during a meeting at the Great Hall of the People in Beijing, China, August 29, 2023. "Increasingly I hear from American business that China is uninvestible because it's become too risky," she said. Raimondo insists the United States does not want to decouple from China. The United States and China used to be each other's largest trading partners but Washington now trades more with neighbors Canada and Mexico, while Beijing deals more with Southeast Asia. Reuters Graphics Reuters Graphics"All of that creates uncertainty and unpredictability," Raimondo said of recent Chinese actions.

Persons: Gina Raimondo, Li Qiang, Andy Wong, Raimondo, it's, Biden, John Ramig, Buchalter, Raimondo's, Mintz, JP Morgan, " Raimondo, David Shepardson, Joe Cash, Samuel Shen, Clarence Fernandez, Angus MacSwan, Mark Heinrich, Jonathan Oatis, Nick Macfie Organizations: . Commerce, of, People, REUTERS Acquire, Rights, U.S, chipmaker Micron Technology, Beijing, Companies, Micron, Intel, Boeing, Reuters Graphics Reuters, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai, Washington, United States, U.S, Canada, Mexico, Southeast Asia

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