TAIWAN SEMICONDUCTOR MANUFAC

16 Aug

Texas Instruments Wins $4.6 Billion in Chips Act Grants, Loans

stp2y0 CommentsRAG modelsAsia, construction, INTEL CORP, jobs, policy, science, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Texas, TEXAS INSTRUMENTS INC, Utah

Texas Instruments Inc. is set to receive $1.6 billion in Chips Act grants and $3 billion in loans, the Biden administration announced Friday, marking the latest major award from a program designed to boost American semiconductor manufacturing. The funding will help pay for one factory in Utah and two in Texas — projects that will cost about $18 billion through 2029 — the Commerce Department said in a statement. The effort is expected to generate around 2,000 manufacturing jobs and thousands more in construction. Source link lol

16 Aug

Tech Rally Propels Emerging Stocks To Best Week in Four Months

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Asia, Bonds, Currency, Emerging Markets, SAMSUNG ELECTRONICS CO LTD, South Africa, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology, US Dollar Spot

Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following US data which boosted investor optimism that the world’s biggest economy will avoid a recession. The MSCI gauge for developing world stocks climbed as much as 1.6%, extending their weekly gains to 2.8%, on track for the biggest since April. Taiwan Semiconductor Manufacturing Company, Samsung Electronics Co and Alibaba Group Holding are the biggest contributors to the rally. Source link lol

16 Aug

Taiwan Turns Less Upbeat on Exports in Lowering Economic Outlook

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Economic Growth, Exports, GDP, Government, jobs, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Wealth

Taiwan revised down its estimate for economic growth in 2024 after three straight upgrades, projecting a smaller increase in exports but remaining optimistic about overseas demand for artificial intelligence-related products.Gross domestic product is set to expand 3.9% this year, down from a previous estimate of 3.94% by the statistics bureau in May, according to a statement on Friday. In the first projection of next year’s growth, it said GDP will grow 3.26%. Source link lol

15 Aug

Applied Materials Forecast Meets Estimates as AI Fuels Growth

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, artificial intelligence, Auto Industry, Earnings, Gary E Dickerson, INTEL CORP, NXP SEMICONDUCTORS NV, SAMSUNG ELECTRONICS CO LTD, software, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Applied Materials Inc., the largest US maker of chip-manufacturing equipment, delivered an in-line sales forecast that disappointed investors who’d been looking for a bigger payoff from artificial intelligence spending. Fiscal fourth-quarter sales will be about $6.93 billion, the company said in a statementBloomberg Terminal Thursday. That matched the average analyst estimate, according to data compiled by Bloomberg. Profit, minus certain items, will be roughly $2.18 a share. Analysts were projecting $2.15 for the period, which runs through October. Source link lol

14 Aug

IPhone Maker Hon Hai Beats Profit Estimates Thanks to AI Boom

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, china, HON HAI PRECISION INDUSTRY, iphone, JULY SARL/CAEN, Logistics, NVIDIA CORP, smartphone, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Apple Inc.’s main manufacturing partner Hon Hai Precision Industry Co. said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted by demand for servers powering AI applications.The iPhone producer, also known as Foxconn, said on Wednesday that net income in the June quarter was NT$35 billion ($1.1 billion), largely in line with analyst expectations. Hon Hai’s revenue for the period, released earlier, surpassed estimates and came in at NT$1.55 trillion, up 19%. This was helped in large part by its growing business of supplying data center operators with…

09 Aug

TSMC Sales Grow 45% in July on Strong AI Chip Demand

stp2y0 CommentsRAG modelsADVANCED MICRO DEVICES, APPLE INC, artificial intelligence, europe, infrastructure, JULY SARL/CAEN, NVIDIA CORP, retail, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Utilities

Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology’s potential.Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations. Source link lol

09 Aug

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

stp2y0 CommentsRAG modelsartificial intelligence, Asia, Earnings, INVESCO LTD, JULY SARL/CAEN, Markets, MORGAN STANLEY, SAMSUNG ELECTRONICS CO LTD, SK HYNIX INC, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol

07 Aug

Intel Has Lost Wall Street’s Patience as Headwinds Keep Mounting

stp2y0 CommentsRAG modelsartificial intelligence, Earnings, INTEL CORP, jobs, Markets, NVIDIA CORP, Philadelphia, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Valuation, Wall Street, WOLFSPEED INC

After another catastrophic earnings report, Intel Corp. bulls are increasingly few and far between on Wall Street.Intel shares have shed nearly a third of their value since the firm gave a grim growth forecast, announced plans to slash 15,000 jobs, and suspended a dividend that has been in place since 1992. The report was the latest in a series of discouraging updates, and underlined the myriad headwinds facing the chipmaker as it struggles to execute an ambitious turnaround and compete in the artificial intelligence era. Source link lol

06 Aug

TSMC Named Top Pick at Morgan Stanley After Record Selloff

stp2y0 CommentsRAG modelsEarnings, Emerging Markets, finance, Markets, MORGAN STANLEY, Stock Index, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Utilities, Valuation

Taiwan Semiconductor Manufacturing Co. is being touted as a “top pick” by Morgan Stanley after its shares plunged by a record Monday amid the global stock rout.“We like TSMC’s quality and defensive nature during an elongated semi downcycle,” Morgan Stanley analysts including Charlie Chan wrote in a note published Monday. The stock is trading at 16 times projected earnings estimates for 2025, a valuation the analysts say is “attractive again.” Source link lol

06 Aug

Nvidia’s Next-Generation AI Chip Rollout Slowed by Engineering Snags

stp2y0 CommentsRAG modelsADVANCED MICRO DEVICES, ALPHABET INC-CL A, artificial intelligence, engineering, infrastructure, Jensen Huang, MICROSOFT CORP, TAIWAN SEMICONDUCTOR MANUFAC, Technology, TORONTO-DOMINION BANK, Valuation

Nvidia Corp. hit engineering snags in the development of two new advanced chips, slowing the release of some products designed to extend its lead in the market for artificial intelligence computing.The delays affected the company’s highly anticipated Blackwell lineup, which Nvidia announcedBloomberg Terminal in March, according to people familiar with the situation. A version of the chip — known as an AI accelerator — is being reworked to better work with data center infrastructure designed for an earlier chip, the Hopper H100. Source link lol