DIRS.INFO The most relevant business & tech news

☆ AI and semiconductor stocks surge after Nvidia's earnings beat
▼ + stars: | 2024-02-22 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Artificial intelligence and semiconductor chip stocks rallied after U.S. chip design firm Nvidia beat Wall Street's expectations for fourth-quarter earnings and revenue on Wednesday and projected "continued growth" in 2025 and beyond. Nvidia supplier Taiwan Semiconductor Manufacturing Company jumped as much as 2.05% in Thursday morning trade. TSMC is the world's largest contract chip maker and produces advanced processors for companies like Nvidia and iPhone maker Apple . Following Nvidia's earnings report, rivals Advanced Micro Devices and SoftBank-backed U.K. chip designer Arm Holdings surged 4.08% and 7.87%, respectively, in after hours trading. Nvidia, which custom designs AI chips for the likes of Amazon, Microsoft and Google, saw skyrocketing demand for its graphics processing units thanks to the AI boom.

Organizations: Nvidia, U.S, Taiwan Semiconductor Manufacturing Company, Apple, Devices, Arm, Microsoft, Google Locations: Krakow, Poland, Wednesday's, Dutch, U.S

☆ Shares of supplier TSMC, chip equipment maker ASML fall ahead of Nvidia's earnings report
▼ + stars: | 2024-02-21 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Shares of two critical chip firms TSMC and ASML fell ahead of U.S.-based artificial intelligence chip designer Nvidia's earnings report. Shares of Taiwan Semiconductor Manufacturing Company dropped more than 1% on Wednesday morning. Nasdaq-listed shares of Dutch semiconductor equipment maker ASML closed 2.09% lower on Tuesday. ASML supplies the likes of TSMC with machines that are critical to manufacturing chips. Other Taiwanese semiconductor companies United Microelectronics Corp .

Persons: ASML, Jensen Huang, MediaTek Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Apple, Nasdaq, United Microelectronics Corp Locations: Krakow, Poland, U.S

☆ Nvidia faces stiff test on Wall Street this week after 'parabolic' stock rally
▼ + stars: | 2024-02-20 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

Jensen Huang, CEO of Nvidia, arrives for the Inaugural AI Insight Forum in the Russell Building on Capitol Hill on Sept. 13, 2023. Nvidia's stock price has soared fivefold since the end of 2022, as demand has skyrocketed for its graphics processing units that sit at the heart of the artificial intelligence boom. Nvidia's chips, such as the H100, are used by AI developers to create cutting-edge models like the ones OpenAI used to develop ChatGPT. The company's market cap climbed to about $1.8 trillion last week, surpassing Alphabet and Amazon and now trailing only Microsoft and Apple . "NVDA's stock appreciation has been parabolic," analysts at Bank of America wrote in a report Thursday.

Persons: Jensen Huang, Davidson, Gil Luria, Luria, Thomas O'Malley, O'Malley, There's, Ben Reitzes Organizations: Nvidia, Investors, Microsoft, Apple, Bank of America, Google, Barclays, Taiwan Semiconductor Manufacturing Company, Melius Locations: FactSet

☆ Plans to Expand U.S. Chip Manufacturing Are Running Into Obstacles
▼ + stars: | 2024-02-19 | by ( Don Clark | Ana Swanson | ) www.nytimes.com time to read: +1 min

In December 2022, Taiwan Semiconductor Manufacturing Company, the key maker of the world’s most cutting-edge chips, said it planned to spend $40 billion in Arizona on its first major U.S. hub for semiconductor production. The much ballyhooed project outside Phoenix — with two new factories, including one with more advanced technology — became a symbol of President Biden’s quest to spur more domestic production of chips, the slices of silicon that help all manner of devices make calculations and store data. Then last summer, TSMC pushed back initial manufacturing at its first Arizona factory to 2025 from this year, saying local workers lacked expertise in installing some sophisticated equipment. Last month, the company said the second plant wouldn’t produce chips until 2027 or 2028, rather than 2026, citing uncertainty about tech choices and federal funding. Progress at the Arizona site partly depends on “how much incentives that the U.S. government can provide,” Mark Liu, TSMC’s chairman, said in an investor call.

Persons: —, Biden’s, TSMC, ” Mark Liu Organizations: Taiwan Semiconductor Manufacturing Company, Phoenix Locations: Arizona, U.S, Phoenix —

☆ CNBC Daily Open: Inflation fight may go down bumpy path
▼ + stars: | 2024-02-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's nominal GDP in 2023 totaled 591.48 trillion yen ($4.2 trillion) while Germany's reached 4.12 trillion euros ($4.46 trillion) in the same period. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. [PRO] Asia's top picksMorgan Stanley has some stock ideas for February which offer what the bank calls "alpha" opportunities.

Persons: Topix, Dow, Germany's, Andrew Amolis, Morgan Stanley Organizations: CNBC, Nikkei, Nasdaq, Henley & Partners, Wealth, Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, Alpha Locations: Asia, Japan, Germany

☆ TSMC shares hit record high after Morgan Stanley lifts client Nvidia's price target on AI chip demand
▼ + stars: | 2024-02-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

TSMC, which is the world's largest producer of advanced processors, manufactures chips for companies such as Nvidia and Apple . Morgan Stanley increased the price target on the U.S. chip giant to $750 from $603 on Feb. 7 and said it continues "to see a very strong near term picture." TSMC shares opened at a high of 709 New Taiwan dollars on Thursday morning and closed at NT$697, nearly 8% higher from its last close on Feb. 5. The Taiwan Stock Exchange resumed trading on Feb. 15 after the Chinese New Year break. "B100 transition an important near term driver, impacting H100 lead times and competitive dynamics," wrote Morgan Stanley analysts in the Feb. 7 report to clients.

Persons: TSMC, Morgan Stanley, ChatGPT Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, New, Taiwan Stock Exchange Locations: Krakow, Poland, U.S, New Taiwan

☆ Premarket stocks: Magnificent Six? Fab Five? Some say the Seven are getting a shakeup
▼ + stars: | 2024-02-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Is Wall Street’s favorite clique of tech stocks in need of a makeover? Most of the Magnificent Seven stocks have reclaimed their leadership of the market this year, with shares of Nvidia, Meta Platforms, Alphabet and Microsoft reaching record highs. Many investors are skeptical that the Magnificent Seven will match their blockbuster gains from 2023, even if they continue their leadership this year. Jim Worden, chief investment officer at the Wealth Consulting Group, says he believes the group should consolidate to the “Fab Five,” which he classifies as the Magnificent Seven minus Tesla and Apple. “There is a big leadership change underway in the Magnificent Seven stocks,” wrote Louis Navellier, chairman of Navellier & Associates, in a note on Tuesday.

Persons: Jim Worden, ”, Worden, Michael Hartnett, Jim Cramer, Louis Navellier, “, Nancy Tengler, It’s, Walt, Gina Lee, Samantha Delouya, Disney, Ron DeSantis, Diksha Madhok, ” TSMC, Joe Biden, ” Read Organizations: CNN Business, Bell, New York CNN, Nvidia, Meta, Microsoft, Apple, Wealth Consulting, Bank of America, Facebook, Netflix, Google, Federal Reserve, Micro Computer, Navellier, Associates, EV, Disney, Walt Disney World, Disney Vacation, Taiwan Semiconductor Manufacturing Company, Semiconductor Manufacturing, TSMC, US Locations: New York, China, American, Orlando , Florida, —, Florida, Japan Chip, Japan, Arizona

☆ TSMC, the world’s largest chipmaker, to build a second factory in Japan
▼ + stars: | 2024-02-07 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN —Chip giant Taiwan Semiconductor Manufacturing Company (TSMC) is upping its output in Japan as it continues to expand its global presence. The world’s largest chipmaker will build a second semiconductor fabrication plant, or fab, in the country in “response to rising customer demand,” TSMC said in a statement Tuesday. Japan Advanced Semiconductor Manufacturing (JASM), a subsidiary majority-owned by TSMC, plans to start construction by the end of 2024, it added. The increased production in Japan comes at a time when the chip maker is facing delays at its project in Arizona. Last year, it announced a factory in Dresden, Germany, its first in Europe.

Persons: ” TSMC, JASM’s, Joe Biden, TSMC Organizations: New, New Delhi CNN, Taiwan Semiconductor Manufacturing Company, Semiconductor Manufacturing, TSMC, Toyota, Sony, SONY, US, Apple, Nvidia Locations: New Delhi, Japan, Arizona, Hsinchu, Taiwan, Dresden, Germany, Europe

☆ We hiked our Nvidia price target — encouraged by new highs after Goldman Sachs' bear case takedown
▼ + stars: | 2024-02-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

The new Goldman price target — which implies nearly 15.5% upside from Monday's — isn't even the highest on the Street. We're also raising our Club price target on Nvidia to $750 from $600. One of the lowest Nvidia price targets belongs to DA Davidson at $410 per share. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. Nvidia's plan to release a new AI chip each year also adds to the sustainability of data center growth, the analysts argued.

Persons: Goldman Sachs, optimists —, — isn't, We're, Goldman, DA Davidson, Jim Cramer, TSMC, Jim Cramer's, Jim, Jensen Huang, Patrick T Organizations: Nvidia, Goldman, . Rosenblatt Securities, Microsoft, Amazon, Club, Apple, Taiwan Semiconductor Manufacturing Company, Devices, AMD, U.S, CNBC, Mobile, Fallon, Bloomberg, Getty Locations: China, American, Los Angeles

☆ AI server maker Super Micro boosts sales guidance — another sign to stick with Nvidia
▼ + stars: | 2024-01-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Super Micro makes computer servers for data centers, competing with the likes of Dell and Hewlett-Packard Enterprise . SMCI 1Y mountain Super Micro Computer 1 year Shares of Super Micro were on pace for a record close Tuesday, jumping 4%, to nearly $515 each — pushing year-to-date gains to roughly 80%. Still, the magnitude of Super Micro stock move Tuesday, compared to the size of the forecast revision, is a sign that investor expectations had already accounted for most of this good news. "I don't know whether [Super Micro] is Mercury or Venus, but I will tell you it ain't Pluto." Super Micro said it continued to see record demand for AI systems in its second quarter.

Persons: —, Jim Cramer, Thursday's, preannounced, Jim Cramer's, Jim, Tyrone Siu Organizations: chipmaker, Dell, Hewlett, Packard, Devices, Intel, Nvidia, AMD, Computer, Micro, Microsoft, Super Micro, Wall, Taiwan Semiconductor Manufacturing Company, CNBC, Nvidia Corporation Locations: San Jose , California, Taipei, Taiwan

☆ Intel stock sinks as early 2024 outlook comes up short
▼ + stars: | 2024-01-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Intel posted net income of $2.7 billion, or 63 cents per share, compared to a net loss of $0.7 billion, or 16 cents per share, last year. Intel CFO David Zinsner said in a statement that Intel had cut $3 billion in costs last year. Intel's Network and Edge department, which sells parts for carriers and networking, reported $1.5 billion in sales, down 24% from last year. Intel foundry services, its business making chips for other companies, remains nascent, with $291 million in revenue, a 63% annual increase.

Persons: Pat Gelsinger, Gelsinger, David Zinsner Organizations: Intel, Wall, Gartner, Nvidia, AMD, Taiwan Semiconductor Manufacturing Company, Intel's, Computing, Data Center, Edge Locations: Davos, Switzerland

☆ Southeast Asia markets are poised for a comeback with valuations at 'bargain basement,' Maybank says
▼ + stars: | 2024-01-22 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Mohd Rasfan | Afp | Getty ImagesSoutheast Asia markets could see a turnaround in 2024 on the back of cheap valuations and potentially high economic growth, after losing some steam last year, according to Maybank. Improving growth, rising exports, a pick up in manufacturing and a better-than-expected outlook by Taiwan Semiconductor Manufacturing Company last week all mean that Southeast Asia markets are poised for a better year, said Thilan Wickramasinghe, head of research for Singapore at Maybank Investment Banking Group. "Southeast Asia really is a bargain basement of markets, when it comes to valuations," Wickramasinghe told CNBC's "Street Signs Asia." watch nowThe MSCI Southeast Asia index fell a little over 3% in 2023, compared with a more than 20% rise in the broader MSCI World index, whose top five constituents are U.S.-listed technology giants including Apple and Microsoft . The MSCI's Southeast Asia index was trading at about 13.21x its 12-month forward price-to-earnings ratio, according to data from MSCI, as of Dec. 29, compared with a 16.57x forward P/E for the MSCI World index.

Persons: Mohd Rasfan, Thilan Wickramasinghe, Wickramasinghe, CNBC's Organizations: 51st Association of Southeast Asian Nations, ASEAN, Afp, Getty, Maybank, Taiwan Semiconductor Manufacturing Company, Singapore, Maybank Investment Banking Group, Apple, Microsoft Locations: Philippines, Republic, Korea, Singapore, Asia

☆ Nvidia isn't the only winner from Meta Platform's massive spending on AI chips
▼ + stars: | 2024-01-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

Meta Platforms is planning to pay Nvidia billions of dollars this year for its cutting-edge AI technology. Nvidia's stock has been off to a blistering start this year, up more than 20%, including a 3% gain Friday. Estimates on Nvidia's share of the AI training market vary, but is generally thought to be well above 80%. Still, Nvidia's stock more than tripled in 2023, leading the S & P 500, and has so far been a big winner in 2024. As Meta secures more AI chips, they will be placed in data centers where their computational capabilities will be utilized.

Persons: Mark Zuckerberg, Zuckerberg, Meta, they've, Jim Cramer, Wells, Wells Fargo, Aaron Rakers, Jim, Eaton, We've, Jim Cramer's, Facebook Mark Zuckerberg, Kenzo Tribouillard Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Taiwan Semi, Meta, Apple, Facebook, Reality Labs, Eaton Corp, CNBC, European Commission, AFP, Getty Locations: Taiwan, Wells Fargo, Brussels

☆ What chipmaking giant TSMC's earnings mean for 5 of our stocks, including Apple and Nvidia
▼ + stars: | 2024-01-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

The latest financial results and commentary from the world's biggest third-party chipmaker gave a big boost Thursday to Apple and semiconductor stocks, including artificial intelligence leader Nvidia . Taiwan Semiconductor Manufacturing Company , whose customers include the likes of Apple, Nvidia and fellow Club stock Broadcom , said its fourth-quarter revenue from smartphone chips grew a better-than-expected 27% on a quarterly basis. "Let's not overthink it: Apple and Nvidia are the two that are most obvious" beneficiaries from TSMC's results, Jim Cramer said Thursday. Previously, TSMC had said AI chips were on track to become a "low teens" percentage of its revenue. TSMC's results and guidance Thursday offer so-called "read-throughs" on its customers, many of which are Club stocks such as Apple, Nvidia and Broadcom.

Persons: chipmaker, downgrades, TSMC, Jim Cramer, Goldman Sachs, TSMC's bullishness, Linde, that's, Jim Cramer's, Jim Organizations: Apple, Nvidia, Taiwan Semiconductor Manufacturing Company, Club, Broadcom, Qualcomm, Bank of America, Wall Street, Google, Devices, AMD, TSMC, KeyBanc Capital, LIN, Linde, DuPont, Electronics, CNBC, Bloomberg, Getty Locations: China, Hsinchu, Taiwan

☆ Nvidia and AMD shares hit record highs on AI chip surge
▼ + stars: | 2024-01-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

AMD and Nvidia hit all-time highs on Thursday as investors continue to clamor for shares of the companies building chips that power artificial intelligence. AMD shares rose over 1% during trading on Thursday to reach its highest-ever closing price, $162.67, while Nvidia, rose just under 2% to $571.07. Both companies have notched double-digit percentage gains to start the year after an explosive 2023 in which AMD shares popped 127.6% and Nvidia stock rocketed 238.8%. Analysts also see AMD improving its AI software, eliminating one major reason why Nvidia chips were preferred over AMD's. On Thursday, Taiwan Semiconductor Manufacturing Company , which manufactures Nvidia and AMD chips, reported better-than-expected sales.

Persons: Jensen Huang, they're, C.C, Wei, Goldman Sachs, Toshiya Hari, Mark Zuckerberg Organizations: Nvidia, AMD, Investors, Taiwan Semiconductor Manufacturing Company, Meta

☆ These 2 tech giants are showing even more discipline in their continued year of efficiency
▼ + stars: | 2024-01-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

That helped push Apple shares higher too. Jim observed that in this continued era of efficiency, once again if companies downsize, their stocks go higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, they've, Nelson Peltz, Disney, I'm, Nelson, Gamble, Eli Lilly, Jim Cramer's Organizations: CNBC, Taiwan Semiconductor Manufacturing Company, Apple, Bank of America, Nvidia, Amazon, MGM Studios, Disney, Procter, Ford, Wynn Resorts, Broadcom, Meta, Jim Cramer's Charitable Locations: Bank

☆ TSMC beats profit and revenue expectations in the fourth quarter
▼ + stars: | 2024-01-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions. That compares with TSMC's guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. "In the fourth quarter, revenue increased 14.4% sequentially [from the third quarter], supported by the continued strong ramp of our industry-leading 3-nanometer technology," said TSMC in its fourth-quarter earnings report. But analysts say chip inventories at smartphone and PC makers are running down and expect restocking demand to pick up. In its third-quarter earnings report in October, TSMC said that its business was supported by the industry-leading 3-nanometer technology and higher demand for 5-nanometer technologies, partially offset by customers' ongoing inventory adjustment.

Persons: TSMC, Brady Wang Organizations: Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Samsung Electronics, SK Hynix, Counterpoint Research Locations: Taiwan

☆ What’s at stake for the global economy as Taiwan goes to the polls
▼ + stars: | 2024-01-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

That pushed Taiwan’s trade surplus with China to an enormous $80.5 billion in 2023. For Taiwan, China has been its favorite investment stop for decades. China imports electronic components or precision machine tools from Taiwan, assembles them and exports the finished products to global markets. China may respond to a DPP victory by putting military and economic pressure on the island, Vest said. In 2022, China retaliated after Pelosi’s visit by banning imports of a range of food products from Taiwan.

Persons: Xi Jinping, Lai Ching, Lai, ”, Charlie Vest, Nancy Pelosi’s, Tsai Ing, Kevin McCarthy, they’re, ” Vest, Mike Kai Chen, Vest, there’s Organizations: Hong Kong CNN, Communist Party, Democratic Progressive Party, US, Taiwan’s Ministry of Economic Affairs, Imports, Hsinchu Science, Bloomberg, Getty, Capital Economics, Taiwan Semiconductor Manufacturing Company, Apple, Foxconn, Analysts, Atlantic Locations: China, Hong Kong, Taiwan, Beijing, Taiwan Strait, California, United States, Europe, Japan, South Korea, “ Taiwan, Hsinchu, Hsinchu Science Park

☆ TSMC and more: Goldman Sachs loves these Asian tech stocks, giving one 37% upside
▼ + stars: | 2024-01-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

"While we expect a very modest cyclical recovery as a whole, we continue to look for opportunities among individual stocks," Goldman Sachs' analysts, led by Daiki Takayama, wrote in the note, naming buy-rated names — including four conviction list stocks — to play the theme. The bank's conviction list comprises its top buy-rated stock ideas that are expected to beat the market. SK Hynix South Korean chipmaker SK Hynix was among the stocks that made Goldman's list of buy-rated names that are also on its conviction list. Goldman gave the stock a price target of 3,300 Japanese Yen ($22.78) implying upside of around 37.7%. Meanwhile, the bank has a target price of 29 Chinese yuan ($4.07) on Foxconn, giving it around 124.6% potential upside.

Persons: Goldman Sachs, Daiki Takayama, Hynix, Goldman, it's bullish, Hai, CNBC's Michael Bloom Organizations: SK Hynix South, SK Hynix South Korean chipmaker SK Hynix, Korean, Taiwan Semiconductor Manufacturing Company, Electronics, Industrial, Renesas Electronics, Apple Locations: SK Hynix South Korean, Taiwan, Shanghai

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

☆ Here's why the U.S. stock market and economy don't need or even miss China
▼ + stars: | 2023-11-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +16 min

Yet, the Fed chief was roundly criticized for avoiding tightening because the economy wouldn't slow down; nor would inflation. The country adopted a strict Covid policy that prevailed through 2022 causing its GDP to fall to 3% way below the Chinese government's 5.5% target. Meanwhile, Chinese President Xi Jinping acted as if nothing had weakened and only strengthened his hold on lifetime power. The S&P 500 advanced 14% over the next two years, but China's market sank nearly 1.5% during the same period. Meanwhile, Chinese President Xi Jinping acted as if nothing had weakened and only strengthened his hold on lifetime power.

Persons: Jerome Powell, couldn't, Powell, Donald Trump, Joe Biden, Nancy Pelosi, Pelosi, Biden, Xi Jinping, Xi, It's, China hasn't, Trump, Jim Cramer's, Jim Cramer, Jim, Tasos Katopodis, Brendan Smialowski Organizations: Federal Reserve, Fed, Initiative, Taiwan Semiconductor Manufacturing Company, Nike, Apple, Starbucks, Trump, Nvidia, United Auto Workers, UAW, Pfizer, CNBC, Federal, Financial, Treasury Department, Capitol, Reuters, Economic Cooperation, Afp, Getty Locations: U.S, China, United States, Taiwan, San Francisco, Mexico, Washington , U.S, Asia

Chang said the Biden-Xi meeting was a “good” one, pointing to their agreement to resume high-level military communications. “It should help reduce the tensions between the U.S. and China, and it should increase stability of Taiwan Strait,” Chang said. Washington has a security pact with Taiwan to deter any armed attack from Beijing and has stepped up its support for the island. Xi sought assurances from Biden that the U.S. would not support Taiwan's independence and requested that Washington support China’s peaceful reunification with Taiwan. Sun Yun, director of the China program at the Washington-based Stimson Center think tank, said Washington won’t accept Beijing’s new demand to support peaceful reunification.

Persons: Joe Biden, China's Xi, Morris Chang, ” Chang, Chang, Biden, Xi, Nancy Pelosi, ” Biden, Sun Yun, Washington won’t, Sun, Tsai Ing, Tsai, Kamala Harris, Antony Blinken, Lael Brainard, Fumio Kishida Organizations: FRANCISCO, Taiwan Semiconductor Manufacturing Company, Asia Pacific Economic Cooperation, U.S, Washington, Stimson, APEC, Japanese Locations: Taiwan, Asia, Pacific, San Francisco, China, Taiwan Strait, Beijing, Washington, The U.S, U.S, “ China

For the seventh time, Taiwan will be represented by Morris Chang, the 92-year-old founder of the world-leading Taiwan Semiconductor Manufacturing Company. Chang is known as the godfather of the industry that has put Taiwan in the top ranks of high-tech manufacturing and personal electronic devices. Taiwan has participated in APEC since 1991 under the name Chinese Taipei. It began taking part just two years after the group's inception and the same year that China and the semi-autonomous Chinese city of Hong Kong joined. These acts of political intimidation have the potential to wear down the operational resiliency of the island's military equipment and personnel.

Persons: Morris Chang, Chang, —, Finance Chuang Tsui, yun, Janet Yellen, BIDEN, Xi Jinping, John Kirby, Joe Biden, Hong Kong, William Lai, Terry Gou Organizations: —, Economic Cooperation, Taiwan Semiconductor Manufacturing, APEC, Finance, U.S, Treasury, BE, Liberation Army, Democratic Progressive Party . U.S . National Security, Nationalist Party, Kuomintang, KMT Locations: TAIPEI, Taiwan, — Taiwan, Asia, San Francisco, China, Taipei, Hong Kong, Beijing, TAIWAN, U.S, Japan, South Korea, Philippines, Pacific, Hong, British, Taiwanese

☆ Germany approves stakes by Bosch, Infineon and NXP in TSMC chip plant
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsNov 7 (Reuters) - The German cartel office has approved stakes by Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXP.N) in TSMC's (2330.TW) new semiconductor plant in the German city of Dresden, the regulator said in a statement on Tuesday. The companies would each acquire 10% of shares in the European Semiconductor Manufacturing Company (ESMC), founded by TSMC, it said. "The recent geopolitical upheavals have shown how important secured access to semiconductors is, especially for the German industry," Andreas Mundt, president of the cartel office, said in a statement. He added that both the European Union and Germany were committed to locating more semiconductor production in Europe and Germany.

Persons: Ann Wang, Andreas Mundt, Linda Pasquini, Rachel More, Matthias Williams Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Bosch, Infineon, European Semiconductor Manufacturing Company, TSMC, European Union, Thomson Locations: Hsinchu, Taiwan, TSMC's, German, Dresden, Germany, Europe, China

☆ Goldman Sachs updates its 'directors’ cut’ list of top Europe stocks with major upside
▼ + stars: | 2023-11-03 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Chip stock addition One notable update to Goldman Sach's directors' cut list was the addition of ASML Holdings – a Netherlands-headquartered chip machine-maker that has Taiwan Semiconductor Manufacturing Company ( TSMC ) as its biggest customer. Stocks on the list British telecommunications player BT Group made the investment bank's updated directors' cut list – with an upside of around 149% from its Oct. 30 close, based on a 12-month price target of £280 ($340.68). Delivery Hero is another favorite stock, with a price target of 53.90 euros ($57.04), giving it an upside of approximately 128%. German real estate player Vonovia was another company that made the investment bank's list with 75% upside based on a 12-month price target of 36.70 euros. They are thus focused on identifying quality growth and select value stocks for their their conviction list of top buy-rated stocks.

Persons: Goldman Sachs, Goldman, ASML Holdings Goldman, Stocks, Vonovia, — CNBC's Michael Bloom Organizations: ASML Holdings, Taiwan Semiconductor Manufacturing Company, Euronext, Nasdaq, BT Group Locations: Europe, Netherlands, Euronext Amsterdam, ASML, bullish, British

Search resuls for: "Taiwan Semiconductor Manufacturing Company"

25 mentions found