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☆ How Samsung and Texas Instruments made the Lone Star State the hub of U.S. chip manufacturing
▼ + stars: | 2023-07-20 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

Samsung, Texas Instruments, Infineon, GlobalWafers, NXP, X-FAB and Applied Materials have all ramped up Texas operations in recent months. Texas Instruments' fab in Sherman, a town of 45,000 people 60 miles north of Dallas, is an even bigger investment. Texas Instruments was founded in 1930 as Geophysical Service Inc., adopting its current name in 1951. CNBC interviewed Flessner at Texas Instruments' RFAB2 fab in Richardson, Texas, a suburb just north of Dallas. Water and powerTexas Instruments' $17 billion chip fab project in Sherman, Texas, on June 15, 2023.

Persons: It's, Greg Abbott, Abbott, Melissa Hebert, Infineon's, Katie Tarasov, Andrew Evers, it's, Austin that's, Jon Taylor, Taylor, David Plyler, Plyler, Jack Kilby, Kyle Flessner, Flessner, Andrew Evers Flessner, Austin fabs Organizations: Samsung, Republican Texas Gov, CNBC, Lone Star State, Texas Instruments, Infineon, Apple, Intel, Taiwan Semiconductor Manufacturing Co, Texas, Service Inc, TI, Local, Texas -, Texas Water, Taylor, Texans Locations: Austin , Texas, South Korean, Sherman , Texas, Texas, China, Taiwan, that's, Arizona, , Texas, Austin, Taylor, U.S, United States, Sherman, Dallas, Richardson , Texas, Richardson, Texoma, Texas - Oklahoma

☆ Stellantis inks $11bln in contracts for vital semiconductors by 2030
▼ + stars: | 2023-07-18 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

LONDON, July 18 (Reuters) - Stellantis (STLAM.MI) said on Tuesday that it has signed contracts worth 10 billion euros ($11.2 billion) through 2030 with semiconductor makers to guarantee the flow of vital chips for electric vehicles and high-performance computing functions. The global auto industry is only now recovering from a pandemic-fueled shortage of semiconductor chips that forced major automakers to shut down production on certain models and scramble to find new sources of chips. "We have hundreds of very different semiconductors in our cars," Maxime Picat, Stellantis' chief purchasing and supply chain officer said in a statement. Stellantis said it is also working with chipmakers Infineon (IFXGn.DE), NXP Semiconductors (NXPI.O), onsemi (ON.O), and Qualcomm (QCOM.O) to further improve its car platforms and technologies. 3 carmaker said that its new supply agreements through 2030 cover silicon carbide chips that extend the range of EVs, computing chips to operate EVs and high-performance computing chips that will provide infotainment and autonomous driving assist functions.

Persons: Maxime Picat, Stellantis, carmaker, Nick Carey, Sharon Singleton Organizations: chipmakers Infineon, NXP Semiconductors, Qualcomm, Thomson

☆ Here are Monday's biggest analyst calls: Apple, Pepsi, Yelp, Chewy, Netflix, Nvidia, Tesla, Meta and more
▼ + stars: | 2023-07-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage with an ONON with an Outperform rating and $38 price target. Citi opens a positive catalyst watch on Valvoline Citi opened a positive catalyst watch on Valvoline and says it has robust fundamentals. "We open a 30-day upside catalyst watch based on strong fundamentals and the stock's relative under-performance post completion of the Dutch tender offer on 6/8." Citi opens a positive catalyst watch on Bank of New York Mellon Citi opened a positive catalyst watch on the investment bank ahead of earnings Tuesday. Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on Apple to $220 from $190 and says India is the company's "next frontier."

Persons: TD Cowen, Cowen, Goldman Sachs, it's, Wells, Tesla, Wells Fargo, Morgan Stanley, Apple, Morgan Stanley downgrades Conagra, Morgan Stanley downgrades Pepsi, Raymond James downgrades, Raymond James, Bernstein, Aramark, Oppenheimer Organizations: Citi downgrades AT, Citi, Valvoline Citi, Bank of New York Mellon Citi, BK, Nvidia, Deutsche Bank, Netflix, Baidu, Apple, Pepsi, Barclays, LT, JPMorgan, Bank of America, Zynga, NXP Semiconductors, Intel Citi, Intel, AMD, Meta, Suisse, Arista Networks, ISI Locations: eCommerce, China, India, Apple India

☆ Dutch light chips company Smart Photonics gets $110 mln in debt funding
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 12 (Reuters) - Smart Photonics, a Dutch company targeting the market for photonic computer chips, said on Wednesday it has received 100 million euros ($110 million) in debt funding. The money includes 60 million euros from a Dutch government fund and 40 million from industry players including chip equipment giant ASML and chipmaker NXP, both based in the Netherlands. Photonic chips use particles of light to complete circuits and transmit information, rather than the electrons used in computer chips and electronics. "With this new round of funding, SMART Photonics will be able to strengthen its role as the leading manufacturer of next generation chips in a growing, resilient European photonic value chain," it said in a statement. Smart Photonics is seeking to become a foundry, or contract manufacturer of photonic chips for companies that design but do not manufacture such chips.

Persons: chipmaker NXP, VDL, Toby Sterling, Louise Heavens Organizations: Smart Photonics, SMART Photonics, Thomson Locations: AMSTERDAM, Dutch, Netherlands

VW, which relies on gallium and germanium for automotive products, said it was "ready to take measures together with its partners if necessary" but did not elaborate. The metals will play a role in future autonomous driving functions, a spokesperson for the German automaker said. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices, as well as satellite imagery sensors. But if prices rise as restrictions take hold companies would have another reason to shift supply chains. NXP makes some chips for the auto and communications sectors using gallium or germanium.

Persons: Yellen, Janet Yellen, Alastair Neill, Imelda Medina, Liao Chien, Taiwan's TSMC, chipmaker, NXP, Josephine Mason, Matt Scuffham, Catherine Evans Organizations: VW, WIN, Treasury, Beijing Pentagon, Volkswagen, U.S, Critical Minerals, U.S . Defense Department, REUTERS, Capital Securities Corp, WIN Semiconductors, Reuters, Apple, Nvidia, Thomson Locations: Beijing, TAIPEI, China, Puebla, Mexico, Germany, Japan, Taiwan

☆ Factbox-Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/IllustrationFollowing are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. * Dowa Holdings, the world’s top producer of high-purity gallium used in products such as wafers and LEDs, said it was investigating the situation. * A spokesperson for Fujitsu said the company “is currently not active in the semiconductor business, so we are not directly impacted by the export regulations. * Microchip Technology said its initial assessment is that there will not be a material impact. * Stellantis Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to “decouple” from China.

Persons: Florence Lo, chipmaker, Carlos Tavares, ” Tavares Organizations: Reuters, REUTERS, Semiconductor, Association of Japan, Dowa Holdings, Fujitsu, Nichia, Sumitomo Chemical, Nasdaq, Semiconductors, Technology, Intel, Infineon, European Union, Navitas Semiconductor Corp Locations: China, United States, U.S

☆ China's chipmaking export curbs 'just a start', Beijing adviser warns before Yellen visit
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +6 min

Shares in some Chinese metals companies rallied for a second session as investors bet that higher prices for gallium and germanium, which Beijing's export restrictions target, could boost revenues. China is the world's biggest producer of rare earths, a group of metals used in EVs and military equipment. Asked about the metals export curbs, Chinese foreign ministry spokesman Wang Wenbin said on Wednesday the government's actions were reasonable and lawful. WARNING SHOTSome larger chip manufacturers view China's export controls on gallium as more of a warning shot about what economic pain the country could inflict. China's germanium ingot was priced at 9,150 yuan per kg on Tuesday, also flat on the day and on the week, Refinitiv data showed.

Persons: Janet Yellen, Wei Jianguo, Wei, Yellen, Biden, China's, Wang Wenbin, Wang, Gecamines, Belgium's Umicore, Xi Jinping, Eikon, Brenda Goh, Amy Lv, Tian, Nick Carey, Muralikumar Anantharaman, Jacqueline Wong, Catherine Evans Organizations: Treasury, Thursday Analysts, Washington, Commerce, China Daily, China Center for International Economic, Independence, Analysts, Micron, Global Times, Union, Benchmark Mineral Intelligence, AMS, Democratic, Shanghai Cooperation Organisation, Shanghai Metal Exchange, Beijing, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, U.S, Japan, Netherlands, United States, Swiss, Teck Resources, North, Democratic Republic of Congo, Russia, Washington, Yunnan, London

VW, which relies on gallium and germanium for automotive products, said it was "ready to take measures together with its partners if necessary" but did not elaborate. The metals will also play a role in future autonomous driving functions, a spokesperson for the German carmaker said. The export curbs are likely to further strain U.S.-China relations as the countries vie for dominance in semiconductor and defence technologies. But if prices rise as restrictions take hold companies would have another reason to shift supply chains. Chipmaker NXP Semiconductors (NXPI.O) sees no material impact on its business.

Persons: Imelda Medina, Yellen, Janet Yellen, carmaker, Liao Chien, Taiwan's TSMC, chipmaker, NXP, Josephine Mason, Catherine Evans Organizations: Volkswagen, REUTERS, VW, WIN, Treasury, Capital Securities Corp, WIN Semiconductors, Reuters, Apple, Nvidia, Thomson Locations: Puebla, Mexico, Beijing TAIWAN, China, Beijing, U.S, Germany, Japan, Taiwan

☆ Factbox: Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. The German automaker said gallium and germanium played a role in future autonomous driving functions. * Taiwan's TSMC (2330.TW), the world's largest contract chipmaker, said it did not expect any direct impact on its production but would continue monitoring the situation. * Microchip Technology (MCHP.O) said its initial assessment is that there will not be a material impact. * Stellantis (STLAM.MI) Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to "decouple" from China.

Persons: chipmaker, Carlos Tavares, Tavares, Catherine Evans, Josephine Mason Organizations: Volkswagen, Nasdaq, Intel, Infineon, European Union, Navitas Semiconductor Corp, Thomson Locations: China, United States

While Wall Street debates whether the S & P 500 is truly out of a bear market, these individual stocks are in bull market territory. CNBC Pro screened for the stocks in a true bull market that fall under the following criteria: S & P 500 or Russell 1000 member. Made a new 52-week high Tuesday. Shares have gained more than 10% in 2023 and may rally an additional 7.6%, according to its average price target. The stock's average price target suggests shares could rally 18.6% from Tuesday's close.

Persons: hasn't, Russell, — CNBC's Michael Bloom Organizations: CNBC Pro, Apple, Semiconductor, Applied Materials, Semiconductors, Materials, Walmart Locations: Tuesday's

☆ Wingtech-owned Nexperia denied German subsidy
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, June 8 (Reuters) - Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany. A spokesperson for Nexperia, based in Nijmegen, Netherlands, and owned by China's Wingtech (600745.SS), said the company had not been given an explanation for the rejection. Dutch newspaper Het Financieele Dagblad initially reported the news, citing a European Commission document. Nexperia has had several plans for projects in Europe disrupted by government concerns in the past year over its Chinese ownership. Nexperia is the former Standard Products division of chipmaker NXP (NXPI.O), spun off in 2016 and acquired by Wingtech in 2018.

Persons: China's Wingtech, Nexperia, chipmaker, Toby Sterling, Leslie Adler, Mark Porter Organizations: European, British, Standard Products, Wingtech, Thomson Locations: AMSTERDAM, Netherlands, Germany, Nijmegen , Netherlands, Europe, Delft, Newport , Wales

Tech stocks have been having a breakout year after a difficult end to 2022. While many tech stocks have surged year to date, some are trading cheaper than their peers. The S & P 500 tech sector is the best performer year to date, jumping about 33% in 2023. Hewlett Packard Enterprise is the cheapest tech stock on the list. The company is trading at a relative P/E ratio of just 0.27 compared to the broad market tech sector.

☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

☆ These U.S. stocks have the most to lose — and gain — from China
▼ + stars: | 2023-05-18 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Goldman Sachs analyzed company 10-K filings to determine the geographic revenue exposure of each stock in the S & P 500. They found a number of stocks with revenue exposure to Greater China of over 40%. If China continues to show an uneven path of recovery in the wake of its stringent Covid restrictions being lifted, these stocks could be hurt. Companies that generate a significant amount of sales from Greater China were exclusively in the chip industry, according to Goldman. Monolithic Power Systems is on the top of the list with 65% of its 2022 revenue derived from Greater China, according to Goldman.

☆ Tiger-cub hedge fund Coatue drastically increases Big Tech holdings, doubles down on chip stocks
▼ + stars: | 2023-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Meta became Coatue's biggest holding at the end of March, with a stake worth $1.7 billion, the filing showed. The Facebook parent has been one of the biggest winners in the tech sector this year, rising nearly 100%. Chip giant Nvidia was Coatue's second-biggest holding at the end of March after the hedge fund raised the stake slightly. The New York-based fund also upped its AMD stake dramatically last quarter, making it its seventh-largest holding. The hedge fund also picked up Taiwan Semiconductor , building a new stake worth more than $500 million.

☆ TSMC, partners plan to invest up to $11 billion in German fabrication plant, Bloomberg reports
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

May 3 (Reuters) - Taiwan Semiconductor Manufacturing Co (2330.TW) is in talks with partners to invest as much as 10 billion euros ($11.04 billion) to build a chip fabrication plant in Germany, Bloomberg News reported on Wednesday, citing people familiar with the matter. The venture between TSMC, NXP Semiconductors NV (NXPI.O), Robert Bosch GmbH and Infineon Technologies AG (IFXGn.DE) will have a budget of at least 7 billion euros, including state subsidies, but is likely to end up closer to 10 billion euros, according to the report. TSMC is still evaluating the possibility of building a fab in Europe, the company told in an emailed statement to Reuters, but declined to comment further. Infineon and Robert Bosch declined to comment, while NXP did not immediately respond to a Reuters request for a comment. ($1 = 0.9061 euros)Reporting by Nilutpal Timsina in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ A $1.1 trillion investment chief shares her 3-part checklist for confirming a recession has started — and details 4 stocks she expects to outperform no matter what
▼ + stars: | 2023-05-03 | by ( James Faris | Akin Oyedele | ) www.businessinsider.com time to read: +6 min

Nuveen investment chief Saira Malik is still forecasting a recession in the next year. Malik also shares four top stocks investors can buy to set themselves up for long-term success. "The consumer — which I would have said was holding up very well — I'm worried about tighter banking conditions, tighter banking credit on the consumer," Malik said. Additionally, the labor market is now showing cracks, even though the unemployment rate remains historically low at 3.5%. 4 stocks set to outperform in a downturnDespite her concerns about the economy, Malik doesn't see a massive market sell-off coming.

☆ Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more
▼ + stars: | 2023-05-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Chegg — Chegg shares tumbled 42% in premarket trading after CEO Dan Rosensweig said he expects artificial intelligence is "having an impact on our new customer growth rate." However, its adjusted earnings per share and revenue for the first quarter beat estimates, per Refinitiv. NXP Semiconductors — Shares of the chip maker jumped about 5% after the company beat analysts' expectations for first-quarter revenue and operating income. However, its first-quarter revenue beat analysts' expectations, according to Refinitiv. The company is also planning an up to $2 billion share buyback after its annual general meeting.

☆ Stocks making the biggest moves midday: Uber, Chegg, Dell, PacWest, SoFi & more
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Uber — Shares of the ride-hailing giant jumped more than 8% after the company reported first-quarter revenue that beat analysts' expectations. Still, the company did beat expectations for the quarter and provide strong guidance. NXP Semiconductors — Shares of the chipmaker added more than 2% after the company beat analysts' expectations for first-quarter revenue and operating income. Revenue guidance for the second quarter was better than anticipated as well. The global bank also announced an upcoming $2 billion share buyback program and restored its quarterly dividend.

☆ Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more
▼ + stars: | 2023-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Arista Networks — The cloud networking company slid 7% despite beating analysts' expectations for the first quarter. Arista saw $1.43 in adjusted earnings per share in the quarter on $1.35 billion in revenue, while analysts polled by Refinitiv expected $1.34 per share on $1.31 billion. Separately, the company beat analysts' expectations for adjusted earnings per share and revenue in the first quarter, according to Refinitiv. Diamondback reported $4.10 in earnings per share, less than the $4.33 consensus estimate of analysts polled by FactSet. The company posted 44 cents in adjusted earnings per share, smashing the consensus estimate of 10 cents per share, according to Refinitiv.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

A five-year average one-day gain of 0.5% or more after reporting The stocks have beaten earnings expectations 75% of the time over a five-year period. It beats earnings expectations by a median of 16.06% over 10 years. Shares of Garmin stock has gained 5.8% so far in 2023, and the company will report earnings on May 3. The company beats earnings expectations by 3.58% over a five-year period, while beating overall 85% of the time over the same timespan. The company also has an unblemished record over the past five years, beating earnings expectations 100% of the time.

☆ TSMC aims to get newest chip technology into cars faster
▼ + stars: | 2023-04-26 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Many of the automotive industry's biggest chip suppliers such as NXP Semiconductor (NXPI.O) and STMircoelectronics NV (STM.DE) tap TSMC to make their chips. But automotive chips must meet a higher bar for ruggedness and longevity than the chips that go into consumer electronics. TSMC has special manufacturing processes for the automotive industry that typically arrive a couple years after similar processes for consumer chips. In the past it has then taken automotive chip firms extra time to create chip designs for those specialized manufacturing lines. At a conference in Silicon Valley on Wednesday, TSMC unveiled new software that will enable automotive chip designers to start work on their designs about two years sooner.

☆ NXP CEO applauds EU Chips Act, seeks clarity on China restrictions
▼ + stars: | 2023-04-19 | by ( Conor Humphries | ) www.reuters.com time to read: +1 min

ENNISKERRY, Ireland, April 19 (Reuters) - The chief executive of Dutch-headquartered computer chip maker NXP Semiconductors (NXPI.O) on Wednesday applauded the passage of the EU Chips Act this week, but said the industry could use more clarity on export restrictions to China. Kurt Sievers said his company, which makes chips for the automotive industry as well for 5G telephone base stations, had been hit by successive rounds of U.S. export restrictions on China's Huawei. Around 38% of NXP's sales are to Chinese manufacturers, about half of which are processed and then re-exported to Western buyers. "A lot of that going forward could eventually move out of China, which doesn't harm us," he said. "I think it would be fantastic if there was a lot of synchronization between the U.S. Chips Act and the European Chips Act in terms of what to support such that it will be complementary," he said.

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, UPS, Netflix, WW, Disney & more
▼ + stars: | 2023-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley names UnitedHealth a top pick Morgan Stanley says the healthcare company is best positioned in a recession. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley said Netflix is the "streaming winner" but that it's "priced as such." Morgan Stanley downgrades Nasdaq to equal weight from overweight Morgan Stanley said that it has growth concerns for the exchange operator. JPMorgan upgrades Federated Hermes to overweight from underweight JPMorgan said the rate environment makes the capital market company's stock more attractive. Morgan Stanley upgrades AstraZeneca to overweight from equal weight Morgan Stanley said the pharmaceutical company is "leading the race" to outsmart cancer.

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