Tag Archives: chip

Stay away from battered semiconductor stocks for the time being, according to Citi analyst Chris Danely. “We believe negative catalysts will now outnumber positive catalysts given upcoming PC data points and monthly Taiwan sales figures,” Danely wrote in a fresh note to clients. “We also expect negative data points in September in broader semis as the correction continues.” The analyst removed his short-term bullish calls on chip makers NXP Semiconductor and ON Semiconductor. His top pick… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, July 6, 2022 The PC sales slump will hit chip makers too The red-hot pandemic-era PC market is finally cooling off, and that could spell trouble for everyone from PC makers like HP (HPQ) to chip manufacturers such as Intel (INTC) as shipments of devices collapse. The cause? You guessed… Source link

The world’s third-largest maker of semiconductor wafers, Taiwan’s GlobalWafers, announced plans to build a $5 billion factory in the U.S. on Monday—but only if the government helps pay for it. “This investment that they’re making is contingent upon Congress passing the CHIPS Act. The [GlobalWafers] CEO told me that herself, and they reiterated that today,” U.S. Commerce Secretary Gina Raimondo told CNBC, the same day GlobalWafers announced its development plan. Congress actually Source link

(Bloomberg) — Few companies are better positioned to benefit from the crippling shortage of computer chips than ASML Holding NV, a Dutch manufacturer whose equipment plays an integral role in making the world’s most advanced semiconductors. Most Read from Bloomberg But four lines tucked halfway into an otherwise upbeat, 281-page annual report from February hinted at a potentially incendiary problem. ASML accused a Beijing-based firm, regarded by Chinese officials as one of the country’s… Source link

After months of debate, Congress is still slow-walking a bill that would spend over $50 billion on semiconductor manufacturing. Commerce Secretary Gina Raimondo has been frustrated by the slow pace for months and upped the stakes in a new interview by saying the economic damage could soon become permanent. She says companies that may want to be in the U.S. could shift manufacturing overseas in “months [because] they have to make decisions.” During the conversation Wednesday with Yahoo… Source link

Earlier this week, Google confirmed what we’ve suspected for a long time: the Google Pixel Watch is coming later this fall. And while we learned some details, the reveal was more of a teaser than a full-blown announcement. Some of that was to be expected, and of course, the next few months will be full of speculation about what the final form of the Pixel Watch will be. But one thing Google has to get right is the chip inside. It’s clear, from the Pixel Watch’s design to the… Source link

Land Rover revealed the newest addition to its lineup, an all-new Range Rover Sport. It’s a cult favorite among the brand’s fans, with the mid-size SUV known more for its street prowess than its performance off pavement. But since it is a Range Rover, it can go off-road if needed with its advanced all-wheel drive system. But the even bigger news is that the new Range Rover Sport, in addition to being offered with mild hybrid, plug-hybrid, and traditional V8 power, will have an all-electric… Source link

(Bloomberg) — Advanced Micro Devices Inc. gave a strong sales forecast for the current quarter, indicating that the chipmaker continues to make strides in its most lucrative market: data-center processors. Most Read from Bloomberg AMD predicted second-quarter sales of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. That helped send the shares up as much as 8.3% in late trading Tuesday. The outlook helped allay concerns that the chip market is slowing — and… Source link

The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register OAKLAND, Calif., May 2 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Monday it had recently fired a senior engineering manager after colleagues, whose landmark research on artificial intelligence software he had been trying to discredit, accused him of harassing behavior. The dispute, which stems… Source link

At this year’s Milken Institute’s Global Conference, its 25th annual gathering, the overarching theme was “Celebrating the Power of Connection.” America’s largest domestic automaker by volume, General Motors (GM), would like to “connect” more with its customers as well, however vehicle supply has been hampering those efforts. In a wide-ranging conversation with Yahoo Finance Editor-in-Chief Andy Serwer from the conference, GM CEO Mary Barra emphasized the impact of the global chip shortage… Source link