Tag Archives: Semiconductor

After over a year of negotiations, Congress is finally advancing a bill to provide $52 billion to the semiconductor industry amid a chip shortage threatening U.S. competitiveness and national security. The Senate is eyeing a crucial cloture vote as early as Thursday which, if it gains the required 60 votes, could put the bill on the path to become a law within the coming weeks. “This has been bipartisan work in the Senate at its best,” Senate Majority Leader Chuck Schumer (D-NY) said… Source link

In today’s world, the markets cannot be separated from politics. Case in point – the semiconductor subsidy bill currently before Congress. The bill, which holds the promise of some $52 billion worth of subsidies for the US semiconductor industry, was stalled in the Congressional processes for several months but last week got a boost from House Speaker Nancy Pelosi. In a move not sees as particularly coincidental, Pelosi’s husband just last month exercised a call option to purchase more… Source link

One trend this earning season in the semiconductor industry has sparked murmurs of gluts — at least in some parts of the industry. The results from companies like Micron (MU) to Taiwan Semiconductor (TSM) have led analysts to wonder if chip companies may be facing a so-called toilet paper moment in the coming months. Chip demand has slowed due to global economic downturn after a year when these companies did everything they could to ramp up production. However, a close observer of the… 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

Yandex’s Uncertain Q1 FY 2022 Outlook Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict,… Source link

Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex’s second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his position. The company now is attempting to reduce exposure from potential sanctions placed upon it and that of its employees, which includes selling off divisions of its businesses to state-controlled… Source link

Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia’s invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex’s second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his position. The company now is attempting to reduce exposure from potential sanctions placed upon it and that of its employees, which includes selling off divisions of its businesses to… Source link

When Commerce Secretary Gina Raimondo appeared on Yahoo Finance in January, she said movement was afoot on one of her signature issues: a bill to spend over $50 billion on semiconductor manufacturing. “There is urgency,” she said at the time, adding that “the fundamentals of this bill have broad bipartisan support.” But over 3 months later — and without much progress on the issue from Capitol Hill — her patience was running thin in a follow-up appearance. “I think they’re moving… Source link

Ford (F) reported disappointing 4Q 2021 earnings today after the closing bell. The legacy automaker missed consensus estimates amid the global semiconductor shortage and the toll it has taken on its production of vehicles across product lines. Here were the main metrics from Ford’s report, compared to Bloomberg consensus estimates: Revenue: $37.7 billion vs. $34.79 billion expected, $36.0 billion Y/Y Adjusted EPS: $0.26 vs. $0.45 expected, $0.34 Y/Y Ford’s stock is down from a mid-January peak… Source link

U.S. Commerce Secretary Gina Raimondo says it’s high time for lawmakers to pass legislation that helps end a crippling pandemic-fueled semiconductor shortage that has been going on for a longer than a year.  “It’s a crisis,” Raimondo said of the shortage on Yahoo Finance Live.  Findings from a new Commerce Department survey underscore the extent of that crisis.  The median inventory of semiconductor products highlighted by buyers has fallen from 40 days in 2019 to less than five days in… Source link