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Economy, Stocks

“BofA says chip stocks won’t peak until mid-2026, and that these 3 sub-industries will thrive until then”

June 5, 2024

“… …” https://finance.yahoo.com/news/bofa-says-chip-stocks-wont-013254042.html 2026 is the peak? The economy will more than likely collapse before then. Everyone sees what’s happening in the EV market. Now investing in cars after the crash might be a good idea but before? No. That’s… Continue Reading…

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Stocks

“Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall”

April 22, 2024

“…ASML’s stock was down around 4.5% in early European trade after the results. Here’s how ASML did versus LSEG consensus estimates: Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML’s net sales fell in the middle point of… Continue Reading…

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Business

“Samsung expects first-quarter profit to soar 931% as memory chip prices rebound”

April 8, 2024

“Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from a… Continue Reading…

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Business

“Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals”

April 3, 2024

“Japan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on semiconductor manufacturing. The latest round of support will include up to… Continue Reading…

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Business, Economy

“…Arizona, an $8.5 billion CHIPS grant spells ‘jobs’ more than geopolitics”

March 28, 2024

“CHANDLER, Ariz. — In the booming Phoenix metro area, Washington policymakers’ rare bipartisan push to bolster national security in their high-tech arms race with China brings major enthusiasm for something more basic: jobs. A fresh influx of $8.5 billion in CHIPS… Continue Reading…

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Business

“Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available”

March 25, 2024

“The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps up its effort to bring semiconductor manufacturing to U.S. soil. Intel could receive an additional $11 billion in loans from the CHIPS and… Continue Reading…

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Business, Economy

“India approves three chip plants with over $15 billion in investments to realize semiconductor ambitions”

March 4, 2024

“India has approved building three semiconductor plants with investments of more than $15 billion as the country aims to become a major chip hub… India has ambitions to become a major chip hub on the lines of the U.S., Taiwan and South Korea,… Continue Reading…

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Business, Stocks

“TSMC shares hit record high after Morgan Stanley lifts client Nvidia’s price target on AI chip demand” [Feb 15]

February 21, 2024

“Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on chip designer Nvidia, citing a continued surge in AI demand… Morgan Stanley increased the price target on the U.S. chip giant to $750… Continue Reading…

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Business, Economy

“Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024”

January 25, 2024

“…ASML reported 27.6 billion euros in revenue for 2023, higher than the 21.2 billion euros of the year before. That was a 30% year-on-year rise. Shares of ASML provisionally ended up 9.7%… The Dutch government, following U.S. pressure, introduced curbs in… Continue Reading…

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Business

“Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China”

November 27, 2023

“Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple supplier’s “operational needs” the company announced in Taiwanese security filings Monday. The $1.541 billion investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega… Continue Reading…

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