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☆ TSMC expects $10 billion in annual revenue from Arizona fabs
▼ + stars: | 2022-12-06 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

PHOENIX, Dec 6 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) on Tuesday estimated annual revenue of $10 billion when its two planned chips fabrication plants open in Arizona. TSMC said Tuesday it was more than tripling its planned investment in the factories to $40 billion. U.S. President Joe Biden and others, including the CEOs of major TSMC customers, are attending a "tool-in" ceremony for the symbolic moving of the first equipment onto the shop floor of the new $12 billion facility. "When completed with both fabs, we will manufacture over 600,000 wafers a year, representing $10 billion in yearly revenue and with our customers product sales over $40 billion a year," said TSMC Chief Executive Mark Liu. Apple Inc (AAPL.O), Nvidia Corp (NVDA.O), and Advanced Micro Devices Inc (AMD.O), all major TSMC customers, said they expected their chips to be made in the new Arizona plants.

☆ Cramer's lightning round: Seagate is not for this market
▼ + stars: | 2022-12-01 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Seagate Technology Holdings PLC : "I don't want you to buy any more, because it's just not a high-quality enough stock during this period in the cycle. Loading chart...Target Corp : "We're going to think short-term, then we're going to sell it. I'm in the money-making business, not in the selling business." The enterprise software market is not where I want to be." Disclaimer: Cramer's Charitable Trust owns shares of AMD.

☆ Apple supplier Foxconn apologises for hiring blunder at COVID-hit China plant
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

Workers said on videos circulated on social media that they had been informed that Foxconn intended to delay bonus payments. The person said the company had reached "initial agreements" with employees to resolve the dispute and production at the plant continued on Thursday. The Zhengzhou plant employs more than 200,000 people to make Apple Inc (AAPL.O) devices including the iPhone 14 Pro and Pro Max. Apple said it had staff at the factory and was "working closely with Foxconn to ensure their employees' concerns are addressed”. Wedbush Securities analyst Daniel Ives expects the shutdowns to cost Apple about $1 billion a week in lost iPhone sales.

SummarySummary Companies Best Buy up, sees smaller annual sales dropMedtronic down, lowers FY profit outlookTesla attempts to recoup losses post slumpFutures up: Dow 0.44%, S&P 0.49%, Nasdaq 0.40%Nov 22 (Reuters) - Wall Street's main indexes were set to open higher on Tuesday, with gains in shares of Walgreens and Best Buy helping investors assuage worries around the economic fallout of stricter COVID-19 curbs in China. Leading gains among S&P 500 (.SPX) components trading before the bell, Best Buy Co Inc (BBY.N) jumped 9.1% after forecasting a smaller-than-expected drop in annual sales ahead of the crucial holiday season. Dow component (.DJI) Walgreens Boots Alliance Inc (WBA.O) rose 1.7% after Cowen & Co upgraded the drug distributor stock, citing its healthcare services business push. ET, Dow e-minis were up 148 points, or 0.44%, S&P 500 e-minis were up 19.25 points, or 0.49%, and Nasdaq 100 e-minis were up 46 points, or 0.4%. Analysts expect thin trading volumes as markets will be shut on Thursday for Thanksgiving holiday and will remain open for half day on Friday.

☆ Kindle’s 15-year anniversary is a reminder simplicity is king
▼ + stars: | 2022-11-20 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

It’s like holding nothing but the words.”Amazon (AMZN) launched the original Kindle on November 19 2007, pushing the publishing industry to further embrace digital books and also kickstarting the e-commerce giant’s hardware efforts. Amazon can keep Kindle prices relatively low because the business model is all about selling books, not selling hardware, McQueen said. Likewise, the original Kindle had access to 90,000 books in the Kindle Store compared to 13 million books now in the Kindle Store. Amazon’s current lineup of hardware devices includes the Fire tablet, the Firestick media streaming gadget and the Echo smart speaker. “The more interesting question is will Kindle be broadly considered retro tech like vinyl record players or arcade cabinets of today?”

☆ Futures slip as investors assess mixed economic data
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures off: Dow 0.12%, S&P 0.12%, Nasdaq 0.07%Nov 17 (Reuters) - U.S. stock index futures edged lower on Thursday following mixed economic data this week, while chip designer Nvidia rose after reporting better-than-expected quarterly revenue. Peers Advanced Micro Devices Inc (AMD.O) and Intel Corp (INTC.O) added 1.2% and 0.4%, respectively. "Wall Street was rattled by a conflicting retail picture," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. This has added to expectations that higher rates will have to linger for a lot longer to make a difference." ET, Dow e-minis were down 41 points, or 0.12%, S&P 500 e-minis were down 4.75 points, or 0.12%, and Nasdaq 100 e-minis were down 8.75 points, or 0.07%.

☆ North Korea's internet temporarily knocked offline, researcher says
▼ + stars: | 2022-11-17 | by ( Josh Smith | ) www.reuters.com time to read: +3 min

SEOUL, Nov 17 (Reuters) - North Korea's internet was hit by the largest outages in months on Thursday, a cybersecurity researcher told Reuters, after similar service interruptions in January were blamed on suspected cyber attacks. Internet access is strictly limited in North Korea. "This isn’t like a single web server is being taken offline," he said, citing monitoring records that he shared with Reuters. "The network stress is so great their Domain Name System (DNS) servers have been taken offline and eventually the key routers allowing traffic in and out of the country entirely." North Korea’s Ministry of Foreign Affairs website and Naenara, which is the official portal for the North Korean government, appeared to see the brunt of the suspected attack, before it became so great the entire internet was taken offline, Ali said.

☆ India's electronics industry moves towards uniform charging ports for smartphones
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Nov 16 (Reuters) - Electronics industry stakeholders in India have agreed to a phased roll-out of USB-C type uniform charging ports for devices including smartphones and laptops, the Indian government said on Wednesday. A different charging port may be adopted for phones lacking the more advanced features of a smartphone, such as being able to use the web to download applications, the ministry said. A group will also be formed to examine the feasibility of a uniform charging port for wearable devices like earphones and smart watches, the government said. The statement did not name any companies that attended the meeting or agreed to the proposal of a phased roll-out. The government would conduct a study to assess the environmental impact of switching to a uniform charging port, it said.

The chip is called the Zynq UltraScale+ MPSoC and was developed by Xilinx, which was acquired by AMD this year. This will allow automakers to update not only software, but also the chip, after the car is sold, Rehan Tahir, AMD’s senior product marketing manager for automotive told Reuters. Tahir said the Aisin auto parking system will start production on 2024 models, but declined to say which car brands would use it. Tahir said the Aisin system works with four cameras and 12 ultrasonic sensors on the car to parallel park and also back into parking spaces. But the human in the car will have to decide if that spot is in a no-parking zone, he said.

☆ North Korea sees more use of cell phones, WiFi networks - U.S. researchers
▼ + stars: | 2022-11-15 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, Nov 15 (Reuters) - Up to 7 million North Koreans use cell phones daily, and WiFi networks have sharply expanded in recent years as the mobile devices increasingly became a key tool for market activity in the isolated country, U.S. researchers said on Tuesday. Since 3G network services began in 2008, the number of users has risen to 6.5 million to 7 million, more than a quarter of North Korea's 25 million population, the researchers said. The country's antiquated 3G network and limits on foreign investment in upgrades because of sanctions over its weapons programmes has prompted the emergence of faster WiFi networks around the country, Williams said. The WiFi networks do not offer any Internet access but provide connections to domestic services, especially scientific databases for the research community, he added. The private sector has overtaken state-led agents to become North Korea's biggest economic actor in recent years, with its rationing system crumbling and leader Kim Jong Un allowing markets abhorred by his father.

☆ What Cramer is watching Monday — two AMD upgrades, Microsoft hesitancy, Alzheimer's results
▼ + stars: | 2022-11-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Baird upgrades Advance Micro Devices (AMD) to outperform from neutral (buy from hold) and raises price target to $100 per share from $65. UBS goes to a buy from neutral as well and raises price target to $95 from $75. Oppenheimer cuts price target on Club holding Nvidia (NVDA) to $225 per share from $250. Credit Suisse analyst Scott Deuschle assumes coverage on Honeywell (HON) with a neutral rating and a $202-per-share price target. Good for Club holding Eli Lily (LLY) and Biogen (BIIB), which are each working on separate experiment treatments for the disease.

☆ AMD catches two upgrades on Wall Street that may signal a bottom in the chip industry's slump
▼ + stars: | 2022-11-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Advanced Micro Devices (AMD) is getting some love Monday in the form of upgrades from UBS and Baird, bolstering our recent decision to halt trimming any more of the chip designer's shares. However, AMD, like many of its peers, has been decimated on Wall Street, losing 48% in 2022. In fact, UBS analysts suggest it may even be possible that shipments fell to near zero in September. As a result, they expect the new chip, which marks a significant improvement in performance to accelerate AMD's market share gains. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

[1/2] Handout image shows 4th Gen AMD EPYC processor, launched by AMD on November 10, 2022, in this undated handout image. AMD/Handout via REUTERSNov 10 (Reuters) - Advanced Micro Devices Inc (AMD.O) launched its latest data center chip on Thursday and said Microsoft Corp's (MSFT.O) Azure, Alphabet-owned (GOOGL.O) Google Cloud and Oracle Corp would be some of its customers. "What that means for enterprises and for cloud data centers is that it translates into lower capex, lower opex and lower total cost of ownership," she said. Genoa launches at a time when rival Intel Corp's (INTC.O) latest data center chip, code named Sapphire Rapids, has struggled with delays. "IDC expects AMD will stay on track, continue building up market share in public cloud deployments," said Ashish Nadkarni, datacenter and cloud analyst at IDC.

☆ TikTok's e-commerce plans may include enabling users to shop by voice, according to a trademark filing
▼ + stars: | 2022-11-10 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

TikTok is considering letting users shop by voice, according to a September trademark filing. The trademark application also showcased other areas of e-commerce that TikTok may break into. TikTok is considering releasing new technology that would enable users to shop by voice, according to a US trademark application filed in September by its parent company ByteDance. While TikTok can file a trademark application for any goods or services it wants, in order for the trademark to actually register, it would actually have to start offering them, Gerben said. And the company recently moved over one of its top advertising executives to focus on its TikTok Shop product in the US, the Financial Times reported.

☆ Cramer's lightning round: I no longer advocate that you should sell Activision Blizzard
▼ + stars: | 2022-11-10 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Advanced Micro Devices Inc : "We've cut the position back for my Charitable Trust. ... We're happy and content to leave the rest and let it run up $8 today." Loading chart...Activision Blizzard Inc : "I actually think that Activision Blizzard on its own right, at this point, could be worth what it's selling for. And therefore, I no longer advocate that you should sell it." Disclaimer: Cramer's Charitable Trust owns shares of AMD.

☆ EXCLUSIVE Nvidia offers new advanced chip for China that meets U.S. export controls
▼ + stars: | 2022-11-08 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +3 min

OAKLAND, Calif., Nov 7 (Reuters) - U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China's hands. In late August, Nvidia and Advanced Micro Devices Inc AMD.O both said that their advanced chips, including Nvidia's data center chip A100, were added to the export control list by the Commerce Department. The Nvidia A800 can be used in place of the A100, and both are GPUs, or graphics processing units. "The Nvidia A800 GPU, which went into production in Q3, is another alternative product to the Nvidia A100 GPU for customers in China. At least two Chinese websites by major server makers offer the A800 chip in their products.

☆ Exclusive: Nvidia offers new advanced chip for China that meets U.S. export controls
▼ + stars: | 2022-11-08 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +3 min

OAKLAND, Calif., Nov 7 (Reuters) - U.S. chip maker Nvidia Corp (NVDA.O) is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China's hands, the company confirmed on Monday. In late August, Nvidia and Advanced Micro Devices Inc AMD.O both said that their advanced chips, including Nvidia's data center chip A100, were added to the export control list by the U.S. Commerce Department. The Nvidia A800 can be used in place of the A100 and both are GPUs, or graphics processing units. "The Nvidia A800 GPU, which went into production in Q3, is another alternative product to the Nvidia A100 GPU for customers in China. At least two Chinese websites by major server makers offer the A800 chip in their products.

☆ 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.

☆ 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.

SummarySummary Companies Fed rate decision due at 2 p.m. However, U.S. private payrolls increased more than expected in October, the ADP National Employment report showed, offering further evidence that the Fed's rapid rate hikes have yet to significantly slow economic growth. The report showed private payrolls rose by 239,000 jobs last month. The non-farm payrolls report due on Friday will offer further clues on the outlook for interest rates. read more read moreTinder-owner Match Group (MTCH.O) rose 6.7% after reporting better-than-expected third-quarter revenue.

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.

Nov 1 (Reuters) - Advanced Micro Devices Inc (AMD.O) on Tuesday forecast some strength in its data center business and promised to be careful with spending, sending shares up despite business being hit by a deepening PC market slump. AMD forecast fourth-quarter and full-year revenue below Wall Street estimates, but Kinngai Chan, an analyst at Summit Insights Group, suggested investors were 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. She added that 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.

☆ 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.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.

☆ iPhones will get USB-C charging after Apple says it will have to comply with EU law
▼ + stars: | 2022-10-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Apple will "comply" with European Union regulation that requires electronic devices to be equipped with USB-C charging, said Greg Joswiak, Apple's senior vice president of worldwide marketing. That will mean Apple's iPhones, which currently use its proprietary Lightning charging standard, will need to change to support USB-C.Apple will have to comply with a European Union law that mandates electronic devices have a common charging standard — known as USB-C — the company's marketing chief confirmed. On Monday, ministers from EU member states gave the final approval to the common charger law which means that by 2024, electronic devices including mobile phones and tablets will need to support USB-C charging. Under upcoming EU law, the iPhone would need to support USB-C.Joswiak did not say when Apple would introduce USB-C to its flagship smartphone but it would need to happen by 2024. Joswiak took a swipe at the EU for the charging law, admitting that the two sides have been in a "little bit of a disagreement."

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