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The logo of Rapidus Corp. is displayed at the company headquarters in Tokyo, Japan February 2, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Nov 14 (Reuters) - Japanese chip foundry venture Rapidus plans to open a sales office in the United States by the end of the financial year. Rapidus is led by veteran chip executives and hopes to manufacture cutting-edge chips by partnering with IBM (IBM.N) and Belgium-based research organisation Imec. The CEO of Imec said last week that what Rapidus is trying to do is "extremely difficult" adding he was "positive" about the prospects for the venture. Reporting by Kaori Kaneko and Sam Nussey; Editing by Chang-Ran Kim and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Rapidus, Taiwan's TSMC, Imec, Kaori Kaneko, Sam Nussey, Chang, Ran Kim Organizations: Rapidus Corp, REUTERS, Rights, IBM, Samsung Electronics, U.S, Thomson Locations: Tokyo, Japan, United States, Belgium, South, Chitose, China

☆ China receives US equipment to make advanced chips despite new rules-report
▼ + stars: | 2023-11-14 | by ( Alexandra Alper | ) www.reuters.com time to read: +3 min

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - Chinese companies are buying up U.S. chipmaking equipment to make advanced semiconductors, despite a raft of new export curbs aimed at thwarting advances in the country's semiconductor industry, a congressional report said on Tuesday. China watchers had theorized that SMIC could have made the chip with equipment obtained prior to the October 2022 rules, but it had other options for obtaining the equipment from oversees, the report shows. The United States managed to plug a key loophole in its efforts to stymie China's access to advanced chipmaking tools by convincing allies Japan and the Netherlands, with similarly robust chipmaking equipment industries, to announce their own restrictions on exports of the coveted technology. China's imports of semiconductor equipment from all countries totaled $13.8 billion (RMB 100 billion) over the first eight months of 2023, it added.

Persons: Florence Lo, United States scrambles, SMIC, Alexandra Alper, Chizu Organizations: REUTERS, Rights, U.S, Biden, Commerce Department, Huawei, SMIC, United, Office, Thomson Locations: China, U.S, United States, Netherlands, Japan

☆ Chinese chipmaker YMTC sues Micron alleging patent infringement
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 12 (Reuters) - Chinese chipmaker Yangtze Memory Technologies Co (YMTC) has filed a lawsuit against U.S. rival Micron Technology (MU.O) alleging infringement of eight of its patents. YMTC filed the lawsuit against Micron and unit Micron Consumer Products Group on Nov. 9 at the U.S. District Court for the Northern District of California. According to the lawsuit, Micron turned to YMTC's patented technology to fend off competition from YMTC and to gain and protect market share. In May, China said Micron products failed a network security review and barred purchase of them by operators of key infrastructure. ($1 = 7.2934 Chinese yuan renminbi)Reporting by Anirudh Saligrama and Brenda Goh; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, YMTC, YMTC's, Anirudh Saligrama, Brenda Goh, Christopher Cushing Organizations: Micron, REUTERS, Memory Technologies, U.S, Micron Technology, Micron Consumer Products Group, Northern, Northern District of, South, Samsung Electronics, SK Hynix, Toshiba, Thomson Locations: Shanghai, China, Northern District, Northern District of California, U.S, Fujian, Xian

☆ China's largest chipmaker SMIC posts a 80% drop in third-quarter profit
▼ + stars: | 2023-11-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)China's largest chipmaker SMIC on Thursday posted a 80% drop in third-quarter profit as global demand weakness hit foundries hard. Net income for the quarter plunged 80% compared to a year ago — larger than the 64% drop posted in second quarter 2019, according to company figures. Net income for that period was $93.98 million, far below analysts' expectations of $165.1 million. SMIC is China's biggest foundry, manufacturing semiconductor chips that other firms design.

Organizations: Semiconductor Manufacturing International Corporation, Getty, Semiconductor Manufacturing, Co, Samsung, TSMC Locations: BEIJING, CHINA, Beijing, China, South, U.S

☆ Japan to allocate $13 bln for chip industry support in extra budget
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsTOKYO, Nov 10 (Reuters) - Japan's government will allocate 1.99 trillion yen ($13 billion) to support efforts to boost its chip industry in a supplementary budget for the current fiscal year. Some of the funds are expected to be used to support Taiwanese chipmaker TSMC (2330.TW) and chip foundry venture Rapidus, local media have reported. Countries around the world are moving to strengthen control over the supply chain for chips, which are essential for the electronics, automotive and defence industries. ($1 = 151.3400 yen)Reporting by Tokyo newsroom Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, TSMC, Chang, Ran Kim Organizations: REUTERS, Rights, Tokyo, Thomson Locations: Japan

☆ Nvidia will reportedly sell new chips to China that still meet U.S. rules
▼ + stars: | 2023-11-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Tyrone Siu | ReutersBEIJING — U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. rules aimed at curbing China's access to the tech. Nvidia is set to deliver three new chips to domestic manufacturers in the coming days, Chinese financial media Cailian Press said Thursday, citing sources. The chips — called HGX H20, L20 PCle and L2 PCle — are based on Nvidia's H100 chip, the report said. Nvidia said in a September 2022 filing the U.S. government would still allow it to develop the H100 in China. In the near term, Chinese manufacturers have no better option and they will continue to buy Nvidia's chips, while searching for replacements.

Persons: Tyrone Siu, Bo Du, Du, SemiAnalysis, Nomura, Orin Organizations: Nvidia Corporation, Reuters, Reuters BEIJING —, Nvidia, Cailian Press, WestSummit Capital Management Companies, WestSummit Capital Management, CNBC, Times, U.S . Department of Commerce, Bureau of Industry, Security Locations: Taipei, Taiwan, Reuters BEIJING, China, U.S

☆ Japan's efforts to foster chip sector are 'impressive' -research org head
▼ + stars: | 2023-11-09 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsTOKYO, Nov 9 (Reuters) - Japan's efforts to regain its position as a leading manufacturer of chips are "impressive", the head of a leading chip research organisation said on Thursday. "Japan this time has taken a bold approach and has implemented very quick decision making," Luc Van den hove, CEO of Belgium-based Imec told reporters in Tokyo. One key initiative is chip foundry venture Rapidus, which is led by veteran chip executives and hopes to manufacture cutting-edge chips by partnering with IBM (IBM.N) and Imec. "What Rapidus is trying to do is extremely difficult," said Van den hove, adding that "the Japanese team and government are very motivated to make it a success, so I'm positive." Imec, an important part of chipmaking research efforts funded by industry and governments, is considering opening offices in Hokkaido, where Rapidus production will be located, and in Tokyo, Van den hove said.

Persons: Florence Lo, Luc Van den hove, Imec, Taiwan's TSMC, Van den, Sam Nussey, Jamie Freed Organizations: REUTERS, Rights, IBM, Samsung Electronics, U.S, Thomson Locations: Japan, Belgium, Tokyo, South, Van den hove, Hokkaido, Van, China

☆ Nvidia boss Jensen Huang joked that Jackie Chan should play him in a movie
▼ + stars: | 2023-11-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Nvidia CEO Jensen Huang already has an actor in mind for a future biopic. Huang joked that Chinese actor Jackie Chan "looks just like me" during a conversation with host Ryan Patel. The Nvidia CEO has a net worth of over $40 billion, per Bloomberg Billionaires Index. The Nvidia CEO joked, "Jackie Chan, he looks just like me." His company, Nvidia, produces chips used to power AI and has seen its fortunes soar off the back of the generative AI boom this year.

Persons: Jensen Huang, Huang, Jackie Chan, Ryan Patel, —, Taylor Organizations: Nvidia, Bloomberg, Service, Oregon State University and Stanford Locations: Taiwan, Thailand

The Southeast Asian electronics manufacturing hub already hosts U.S. giant Intel's (INTC.O) largest semiconductor packaging and testing plant worldwide and is home to several chip designing software firms. It is working on a strategy to attract more semiconductor investment, including from foundries, which focus on manufacturing chips. Meetings with half a dozen U.S. chip firms took place in recent weeks, including with fab operators, Vu Tu Thanh, head of the Vietnam office of the US-ASEAN Business Council, told Reuters. He declined to identify the firms because talks were still at a preliminary stage. John Neuffer, President of the U.S. Semiconductor Industry Association, at the same conference recommended the government focus on chip sectors where Vietnam was already strong, such as assembling, packaging and testing.

Persons: Florence Lo, PSMC, Tu Thanh, Joe Biden, GlobalFoundries, Hung Nguyen, Viettel, Robert Li, John Neuffer, Francesco Guarascio @fraguarascio, Khanh Vu, Fanny Potkin, Lincoln Organizations: REUTERS, Hanoi, U.S, ASEAN Business Council, Reuters, GlobalFoundries, Industry, Hanoi's University Vietnam, BET, Vietnam Semiconductor, European Union, U.S . Semiconductor Industry Association, Reuters Graphics Reuters, Thomson Locations: Vietnam, HANOI, U.S, Hanoi, China, South Korea, Singapore

☆ Taiwan's Powerchip chooses northern Japan for planned $5.4 bln fab
▼ + stars: | 2023-10-31 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

The logo of Powerchip Semiconductor Manufacturing Corp's Japanese business in pictured in Tokyo, Japan July 21 2023. "Japan has to have its own supply chain," Powerchip founder and Chairman Frank Huang told reporters. Powerchip said it aimed to manufacture micro-controllers and power chips, which are needed for power management in electric vehicles, along with chips for artificial intelligence. The second phase, planned for two years later, aims to introduce 28-nanometre technology with targeted monthly output of 40,000 wafers. They aim to cut costs by making reference to plans for a Powerchip fab being built in Taiwan, and discussions are already taking place with construction firms.

Persons: Sam Nussey, Taiwan's TSMC, Frank Huang, Powerchip, David Dolan, Jamie Freed Organizations: Powerchip Semiconductor Manufacturing, REUTERS, Rights, Powerchip Semiconductor Manufacturing Corp, SBI Holdings, Reuters, Powerchip, SBI, Thomson Locations: Tokyo, Japan, Miyagi, Taiwan, Sendai, Hokkaido, Kyushu, chipmaking

☆ Global EV battery supply chain puzzles over China graphite curbs
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. China dominates the global EV battery supply chain including production of graphite - the single largest component. Graphite companies in the country process both the natural material mined domestically and overseas, as well as synthetic forms. Under the new rules, China will require export permits starting Dec. 1 for high-end synthetic graphite, as well as key forms of natural graphite. NATURAL GRAPHITE HITGlobal companies using natural graphite include Hitachi Chemical, part of Japan's Resonac Holdings Corp (4004.T), South Korea's POSCO Future M (003670.KS) and Japan's Mitsubishi Chemical, which produces natural graphite at two plants in China, according to research firm CRU Group.

Persons: Fabian Bimmer, Sunit Kapur, Zhang Yan, Siyi Liu, Brenda Goh, Satoshi Sugiyama, Heekyong Yang, Seoul ， Paul Lienert, Jing Xu, Dominique Patton, Tony Munroe, David Evans Organizations: Volkswagen, REUTERS, Rights, EV, Qingdao, Reuters, China's Ministry of Commerce, Gotion High Tech, BTR, Material Technology, Hitachi Chemical, Japan's Resonac Holdings Corp, Mitsubishi Chemical, CRU Group, Mitsubishi, Resources, Materials, Thomson Locations: Salzgitter, Germany, Beijing, China, Japan, South Korea, United States, U.S, Shanghai, Ningbo Shanshan, Indonesia, Finland, Japan's, Australia, Mozambique, U.S ., Louisiana, North Carolina, Toyko, Seoul ，, Detroit

☆ Chipmaker Intel soars on signs of PC market recovery
▼ + stars: | 2023-10-27 | by ( Samrhitha A | ) www.reuters.com time to read: +3 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Bernstein analyst Stacy Rasgon said Intel's "AI story still seems marginal" and the "datacenter performance continues to suffer from significant headwinds". The company is under heavy pressure in the data center chip market from Nvidia, whose graphic processing units are used for training artificial intelligence models. Sales at Intel's data center business, which also houses its AI chip division, dropped 10%.

Persons: Dado Ruvic, Bernstein, Pat Gelsinger, Taiwan's TSMC, Gelsinger, Logan Purk, Edward Jones, Stacy Rasgon, Gaudi, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Intel, AMD, Nvidia, Reuters, Thomson Locations: chipmaking, Bengaluru

☆ TSMC founder says US-China tensions will slow global chip industry
▼ + stars: | 2023-10-27 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Reuters —The founder of the world’s biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry. Chang, 92, said that cutting off China’s chip industry from the rest of the world would affect other players beyond China. Of course, the immediate purpose is to slow China down, and I think it’s doing that,” Chang said. He also praised the higher education system in the United States, adding his optimism about the country as TSMC invests to build chipmaking facilities in Arizona. Born and raised in China, Chang built a career in the United States, where he become a naturalized citizen in 1962, before being recruited to build the chip industry in Taiwan.

Persons: Morris Chang, Chang, ” Chang, ” Organizations: Reuters, Taiwan Semiconductor Manufacturing Co, Asia Society, Huawei Locations: United States, China, New York, Taiwan, Arizona

☆ TSMC, Alibaba and more: Goldman reveals AI stocks in its 'conviction list' — giving one 105% upside
▼ + stars: | 2023-10-26 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Here are some of the other stocks in Goldman's conviction list. Aside from TSMC, Goldman's conviction list stocks in this category include Chinese tech giant Hon Hai Precision Industry and Japanese electronics manufacturing company Ibiden . AI-empowered names The bank's conviction list stocks in this category include Chinese machine industry player Envicool , Japanese video game publisher Bandai Namco Entertainment and industrial equipment company Keyence . Goldman has an 83,000 yen price target on Keyence, giving it an upside of 56.7%. Stocks that are both Goldman named Chinese tech giants Alibaba and Baidu as its conviction list stocks that are both in the business of enabling and empowering AI.

Persons: Goldman Sachs, Daiki Takayama, TSMC, Goldman, Hai —, Envicool, Alibaba, — CNBC's Michael Bloom, Sheila Chiang Organizations: Taiwanese Semiconductor Manufacturing Company, New, Companies, Precision Industry, Bandai Namco Entertainment, Bandai Namco, Baidu, Alibaba Locations: Asia, New Taiwan

NEW YORK, Oct 26 (Reuters) - The founder of the world's biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry. The company has helped the democratically governed island of Taiwan become the world's leading producer of advanced chips. Chang, 92, said that cutting off China's chip industry from the rest of the world would affect other players beyond China. Of course, the immediate purpose is to slow China down, and I think it's doing that," Chang said. Born and raised in China, Chang built a career in the U.S., where he become a naturalized citizen in 1962, before being recruited to build the chip industry in Taiwan.

Persons: Morris Chang, Chang, Krystal Hu, Stephen Nellis, Sandra Maler Organizations: Taiwan Semiconductor Manufacturing, Asia Society, Huawei Technologies, U.S, Thomson Locations: United States, China, New York, Taiwan, U.S, Arizona, San Francisco

REUTERS/Phil Noble/File Photo Acquire Licensing RightsFRANKFURT/MUNICH, Oct 26 (Reuters) - German technology groups have warned they are being hit by delays in getting China-bound exports through customs, following the introduction of a German government strategy to reduce economic dependence on demand from China. German chip-making kit supplier Suess MicroTec (SMHNn.DE) late on Wednesday cut its sales forecasts for the second time in three months, blaming tightened controls for exports to China. German customs and the Federal Office for Economic Affairs and Export Control (BAFA) did not immediately respond to a request for comment. Lobby group Asia-Pacific Committee of German Business (APA) told Reuters the BAFA office was appearing to scrutinise export requests more closely or escalate requests to the economy ministry more often. Still, the German chamber of commerce said the political environment was hobbling exports to China.

Persons: Phil Noble, Suess, Friedolin Strack, Burkhardt Frick, Martin Wansleben, Alexander Huebner, Rene Wagner, Christian Kraemer, Thomas Escritt, Anneli, Ludwig Burger, David Holmes Organizations: REUTERS, Federal Office, Economic Affairs, Export Control, Pacific Committee, German Business, Reuters, Thomson Locations: Hamburg, Germany, FRANKFURT, MUNICH, China, Asia, Munich, Berlin, Duesseldorf, Frankfurt

☆ German chip kit supplier hit by tightened China export scrutiny
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

MUNICH, Oct 25 (Reuters) - German chip-making kit supplier Süss MicroTec (SMHNn.DE) cut its sales forecasts for the second time in three months, blaming tightened government controls for exports to China, sending shares tumbling 11%. The south German company said on Wednesday that deliveries worth 23.5 million euros ($24.86 million) were stuck at customs, adding that, though rules had not changed, customs appeared to have significantly stepped up their inspections for deliveries to China since August. German customs did not immediately respond to a request for comment. Süss Microtec expects sales of between 300 and 340 million euros this year, compared to 299.1 million euros last year, a smaller increase than they expected earlier. ($1 = 0.9454 euros)Reporting by Alexander Hübner, writing by Thomas Escritt; Editing by Rod NickelOur Standards: The Thomson Reuters Trust Principles.

Persons: Süss Microtec, Alexander Hübner, Thomas Escritt, Rod Nickel Organizations: Thomson Locations: MUNICH, China

☆ KLA forecasts current-quarter revenue above estimates on AI boom
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Chipmaking equipment supplier KLA (KLAC.O) on Wednesday forecast second-quarter revenue above Wall Street estimates, boosted by growing adoption of artificial intelligence tools that require sophisticated processors. This has driven demand for equipment to make and design chips benefiting KLA and its peers such as ASML (ASML.AS) and Applied Materials (AMAT.O). KLA expects fiscal second-quarter revenue of $2.45 billion, plus or minus $125 million. Analysts were expecting revenue of $2.41 billion, according to LSEG data. The company reported revenue of $2.4 billion for the first quarter ended Sept. 30, compared with estimates of $2.36 billion.

Persons: Akash Sriram, Shailesh Organizations: Taiwan Semiconductor Manufacturing, Samsung Electronics, Thomson Locations: Milpitas , California, United States, China, Bengaluru

☆ Dutch lawmakers question new US export restrictions on ASML chip machine
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Oct 25 (Reuters) - Several Dutch lawmakers on Tuesday challenged the Netherlands' Trade Minister over whether the U.S. has acted correctly in unilaterally imposing new rules regulating the export to China of another chipmaking machine made by ASML Holding (ASML.AS). The U.S. last week announced new rules giving Washington the right to restrict the export of Veldhoven-headquartered ASML's Twinscan NXT1930Di machine if it contains any U.S. parts at all. The deep ultraviolet (DUV) lithography machine can be used to help make both relatively advanced computer chips as well as mid-range and older chips. The U.S. has pressured the Dutch government not to export any of its most advanced machines to China since 2019, and in June the Dutch government introduced its own licensing requirement for slightly less advanced machines. ASML dominates the market for lithography equipment, used by chipmakers such as TSMC (2330.TW), Samsung (005930.KS) and Intel (INTC.O) to help create the circuitry of chips.

Persons: Liesje Schreinemacher, ASML, Schreienmacher, I've, Valdis Dombrovskis, Theirry, Toby Sterling, Jamie Freed Organizations: Trade, ASML, . Trade, U.S, Washington, Samsung, Intel, European Trade, Internal, Thomson Locations: AMSTERDAM, Netherlands, U.S, China, Taiwan, South Korea

☆ China export curbs choke off shipments of gallium, germanium for second month
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

China's exports of wrought germanium products stood at 1 kilogram, versus zero in August after a flurry of buying prior to the restrictions saw shipments of wrought products surge to 8.63 metric tons in July. China exported no wrought gallium products in August and September. Exporters of germanium and gallium products now need to obtain an export licence for dual-use items and technologies, meaning those with potential military and civilian applications. Some Chinese companies have obtained export licences for gallium and germanium products, the Ministry of Commerce said in September. China's exports of wrought germanium totaled 36.49 tons in the first nine months of 2023, up 47.4% on the year, while shipments of wrought gallium fell 61.9% on the year to 22.72 tons over the same period.

Persons: Amy Lv, Dominique Patton Organizations: cnsphoto, REUTERS, Rights, Ministry of Commerce, Shanghai Metals, Thomson Locations: Ningbo Zhoushan, Zhejiang province, China, Rights BEIJING, Beijing, Washington

☆ China restricts exports of graphite as it escalates a global tech war
▼ + stars: | 2023-10-20 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

“At the moment both China and Western countries are engaged in a tit for tat, highlighting how protectionist measures often spread. China, which dominates the world’s production and processing of graphite, says export permits will be needed, starting in December, for synthetic graphite material — including high-purity, high-strength and high-density versions — as well as for natural flake graphite. China was the world’s leading graphite producer last year, accounting for an estimated 65% of global production, it said. Gallium, germanium restrictionsThe export curbs were announced as China faces pressure from multiple governments over its commercial and trade practices. In July, Beijing imposed export restrictions on gallium and germanium, two minerals essential for making semiconductors.

Persons: ”, Stefan Legge, carmakers, Ivan Lam Organizations: Hong Kong CNN, Ministry of Commerce, Administration, Customs, “, University of St, Institute for Energy Research, EV, International Energy Agency, Geological Survey, Counterpoint Research, US Department of Energy Locations: China, Hong Kong, United States, University of St Gallen, Switzerland, Washington, DC, Europe, Asia, Beijing, Russia, Ukraine

☆ The chip stock is getting a ton of love from Wall Street, and it's not Nvidia
▼ + stars: | 2023-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A major chipmaker is getting a lot of love on Wall Street — and no, it's not Nvidia . Taiwan Semiconductor Manufacturing Company posted third-quarter results Thursday that topped analysts' expectations. While the company reported its largest profit decline since 2019, it signaled a looming end to a difficult inventory correction. The Taiwan-based semiconductor company plays an integral role in the attention-grabbing artificial intelligence chipmaking industry, supplying products to Apple , Nvidia and Advanced Micro Devices . However, now may mark an opportune time for long-term investors to get into a company poised to experience mid- to high-teens growth in 2024.

Persons: Goldman Sachs, Bruce Lu, Lu, Brad Lin, Gokul Hariharan, Hariharan, — CNBC's Michael Bloom Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Taiwan Semiconductor, Apple, Bank of America, JPMorgan Locations: 2024E, Taiwan, China, U.S

A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. U.S. officials asked for input in devising a "tamperproof" way to keep systems that might contain up to 256 AI chips from being strung together into a supercomputer. The other primary gift that U.S. officials gave Nvidia, Intel and AMD was hobbling their most capable Chinese competitors. New rules will make it nearly impossible for Moore Threads and Biren, two well-funded Chinese startups founded by Nvidia veterans, to have their designs manufactured using cutting-edge chipmaking technology. That means whatever Nvidia is able to sell to China will likely be Chinese buyers' best legal option.

Persons: Ann Wang, ChatGPT, Thomas Krueger, They're, Moore, Piper Sandler, Dan Hutcheson, Japan's, Clete Willems, Akin Gump, Gregory Allen, David Kanter, Stephen Nellis, Max A, Kenneth Li, Jamie Freed Organizations: REUTERS, FRANCISCO, Biden, Nvidia, Intel, Devices, U.S . Bureau of Industry and Security, U.S . National Security Council, BIS, AMD, Japan's Nikon, U.S, Center for Strategic, International Studies, Real, Thomson Locations: Taipei, Taiwan, China, U.S, Netherlands, Japan, San Francisco

The original rules had sought to hamper China’s ability to procure advanced computing chips and manufacture advanced weapons systems. Not all chipsRaimondo, who visited China in August, said the administration was “laser-focused” on slowing the advancement of China’s military. Chips used in phones, video games and electric vehicles were purposefully carved out from the new rules, according to senior administration officials. In recent months, the United States has enlisted its allies in Europe and Asia in restricting sales of advanced chipmaking equipment to China. In July, Beijing hit back by imposing its own curbs on exports of germanium and gallium, two elements essential for making semiconductors.

Persons: Washington CNN —, Biden, Gina Raimondo, Raimondo, Mao Ning, chipmakers, “, ”, ASML Organizations: Washington CNN, US Commerce Department, Washington, Ministry, Biden, United States, Nvidia, Intel, AMD, United Arab, ” Nvidia, Semiconductor Industry Association, US Department of Commerce, Biren Technology, CNN Locations: China, Hong Kong, Washington, Macao, United States, Iran, Russia, Beijing, United, Europe, Asia, Saudi Arabia, United Arab Emirates, Vietnam, Dutch

Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others. It also restricted a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklisted Chinese chip designers Moore Threads and Biren. China's CSI Semiconductor Index (.CSI931865) dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index (.STARCHIP) lost 1.2%. AI stocks were further hit after the U.S. announced further controls on Nvidia chip exports to China, UBS wrote in a note to clients. Moore Threads said it was communicating with all parties involved and evaluating the impact.

Persons: Janet Yellen, Mark Schiefelbein, Biden, Moore, Yang Wang, Charlie Chai, Xi Jinping, Biren, Shen Yiming, Bernadette Baum, Kirsten Donovan Organizations: Treasury, Rights, Washington, Nvidia, CSI Semiconductor, U.S, UBS, Biren, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights SHANGHAI, BEIJING, U.S, Iran, Russia

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