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Reuters - 14 hours ago

US finalizes $406 million chips subsidy for Taiwan's GlobalWafers​

UPDATE 1-US finalizes $406 million chips subsidy for Taiwan's GlobalWafers​ Funds to support GlobalWafers' projects in Texas and Missouri Proposed US tariffs create uncertainty, GlobalWafers CEO says Commerce Dept racing to finalize awards before Trump takes helm Adds comments from GlobalWafers CEO in paragraphs 5-9 By David Shepardson WASHINGTON, Dec 17 (Reuters) - The U.S.
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Reuters - 17 hours ago

US finalizes $406 million chips subsidy for Taiwan's GlobalWafers

US finalizes $406 million chips subsidy for Taiwan's GlobalWafers By David Shepardson WASHINGTON, Dec 17 (Reuters) - The U.S. Commerce Department said on Tuesday it has finalized $406 million in government grants to Taiwan's GlobalWafers 6488.TWO to significantly increase production of silicon wafers in the United States. The funds for projects in Texas and Missouri will establish the first high-volume U.S.
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Reuters - 1 day ago

Australia's Karoon Energy cuts outlook for Brazil energy project

Australia's Karoon Energy cuts outlook for Brazil energy project Dec 17 (Reuters) - Karoon Energy KAR.AX has cut the production outlook for its Baúna project in Brazil due to operational disruptions, the Australian oil and gas producer said on Tuesday. The company has reduced its production outlook for the Baúna project for 2024 to 7.2-7.4 million barrels of oil from a previous outlook of 7.5-7.7 million barrels of oil, following the disruptions.
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Reuters - 1 day ago

Enovix drops after CFO steps down

BUZZ-Enovix drops after CFO steps down ** Shares of battery maker Enovix ENVX.O fall 5.9% to $8.45 ** ENVX says CFO Farhan Ahmad has left the company and that co is searching for a replacement ** Ahmad said on LinkedIn he is joining chipmaker Intel INTC.O as CFO of Client Computing Group (CCG) in January ** Intel shares up 3.5% to $21.06 ** Includi
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Reuters - 4 days ago

Broadcom hits trillion-dollar valuation on optimistic forecasts, lifts chip index

BUZZ-Broadcom hits trillion-dollar valuation on optimistic forecasts, lifts chip index Updates after market open, adds other chip stocks ** Shares of chipmaker Broadcom AVGO.O soar 20.3 % to a r ecord high of $2 16.96; company hits $1 trillion in market value ** Com pany forecast first-quarter revenue of about $14.6 bln, compared with analysts' ests.
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Reuters - 5 days ago

Intel executives say a manufacturing spinoff is possible

UPDATE 2-Intel executives say a manufacturing spinoff is possible Adds details about Intel's manufacturing subsidiary By Stephen Nellis and Arsheeya Bajwa Dec 12 (Reuters) - The two executives leading Intel INTC.O after the ouster of its chief executive conceded on Thursday that the company may be forced to sell its manufacturing operations if a new chipmaking technology slated for next year does not succeed.
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Reuters - 5 days ago

Intel executives say manufacturing spinoff is possible

Intel executives say manufacturing spinoff is possible Dec 12 (Reuters) - The two executives leading Intel INTC.O after the ouster of its chief executive said on Thursday that the company may spin out its manufacturing division. Speaking at an investment banking conference, Co-Chief Executive Michelle Johnston Holthaus said she did not think would
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Reuters - 1 week ago

Apple is working on AI chip with Broadcom, the Information reports

UPDATE 2-Apple working with Broadcom to develop AI chip, the Information reports Adds background in paragraphs 7-11 Dec 11 (Reuters) - Apple AAPL.O is working with Broadcom AVGO.O to develop its first server chip specially designed for artificial intelligence processing, the Information reported on Wednesday, citing people with direct knowledge of the matter.
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Reuters - 1 week ago

Nvidia, AMD and Intel invest in silicon photonics chip startup Ayar Labs - Bloomberg News

MEDIA-Nvidia, AMD and Intel invest in silicon photonics chip startup Ayar Labs - Bloomberg News -- Source link: https://tinyurl.com/mczup73f -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Reuters - 1 week ago

S&P Global downgrades Intel's credit rating on slow recovery, management changes

S&P Global downgrades Intel's credit rating on slow recovery, management changes Dec 10 (Reuters) - S&P Global Ratings on Tuesday downgraded chipmaker Intel Corp's INTC.O credit rating to 'BBB' from 'BBB+', on slow business recovery and uncertainty following management changes. The chipmaking icon's revenue for the first nine months of this year, which was roughly flat year-on-year at $38.84 billion, was below the ratings agency's expectations, S&P Global said.
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Reuters - 1 week ago

US finalizes $6.1 bln Micron chip-making subsidy

UPDATE 1-US finalizes $6.1 bln Micron chip-making subsidy Adds comment from Micron, shares in paragraphs 8-9 By David Shepardson WASHINGTON, Dec 10 (Reuters) - The U.S. Commerce Department said on Tuesday it had finalized a $6.165 billion government subsidy for Micron Technology MU.O to produce semiconductors in New York and Idaho. The funding will support Micron's long-term plan to invest around $100 billion in manufacturing in New York and $25 billion in Idaho and is one of the largest governm
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Reuters - 1 week ago

US finalizes more than $6.1 bln funding for Micron under CHIPS Act

FACTBOX-US finalizes more than $6.1 bln funding for Micron under CHIPS Act Updates Micron, Intel, TSMC and GlobalFoundries Dec 10 (Reuters) - The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for Micron Technology, marking one of the largest government awards to chip companies under the U.S. CHIPS and Science Act. Below is a list of the large awards made so far under the CHIPS and Science Act: POLAR SEMICONDUCTOR Polar Semiconductor, owned by Sanken Electric 6707.
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Reuters - 1 week ago

US finalizes more than $6.1 bln chips subsidy for Micron Technology

US finalizes more than $6.1 bln chips subsidy for Micron Technology Dec 10 (Reuters) - The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for memory chip maker Micron Technology MU.O to support the construction of several domestic semiconductor facilities, according to a White House statement on Tuesday. The investment, unchanged from the amount originally announced in April, marks one of the largest government awards to chip companies under the U.S.
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Reuters - 1 week ago

U.S. STOCKS Apollo, Hershey, RH

BUZZ-U.S. STOCKS ON THE MOVE-Apollo, Hershey, RH Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes slipped on Monday as declines in AI powerhouse Nvidia pressured tech stocks, while investors awaited a key inflation report this week.
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Reuters - 1 week ago

U.S. STOCKS Warner Bros, Seres Therapeutics, Enterprise Bancorp

BUZZ-U.S. STOCKS ON THE MOVE-Warner Bros, Seres Therapeutics, Enterprise Bancorp Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed, while investors awaited a key inflation report this week.
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Reuters - 1 week ago

AMD hits 3-month low as BofA cuts to 'neutral'

BUZZ-AMD hits 3-month low as BofA cuts to 'neutral' ** Shares of Advanced Micro Devices AMD.O down 4% at $133 after hitting its lowest level in 3-months at $132.40 ** BofA Global Research cuts to "neutral" from "buy", trims PT to $155 from $180 ** Higher competitive risks in AI against best-of-breed Nvidia NVDA.O dominance, and growing cloud prefer
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Reuters - 1 week ago

U.S. STOCKS Tesla, Nvidia, Palantir

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Nvidia, Palantir Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were set for a subdued open on Monday, after the S&P 500 and the Nasdaq notched record closing highs in the previous session on upbeat corporate forecasts, while investors awaited a key inflation report this week.
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Reuters - 1 week ago

U.S. STOCKS Reddit, Dow, Macy's

BUZZ-U.S. STOCKS ON THE MOVE-Reddit, Dow, Macy's Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures were subdued on Monday after the S&P 500 and the Nasdaq notched record closing highs in the previous session on upbeat corporate forecasts, while investors awaited a key inflation report due later in the week.
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Reuters - 1 week ago

Nvidia down after China investigates co over suspected violation of antimonopoly law

BUZZ-Nvidia down after China investigates co over suspected violation of antimonopoly law ** Shares of chipmaker Nvidia NVDA.O fall 2.3% to $139.10 premarket ** China's market regulator opens an investigation into Nvidia over suspected violation of the country's antimonopoly law ** Last week , Chinese industry association warned Chinese companies to be wary of buying U.S.
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Reuters - 1 week ago

Intel should have focused on AI rather than chipmaking, TSMC founder says

REFILE-Intel should have focused on AI rather than chipmaking, TSMC founder says Fixes company code in lead paragraph. By Wen-Yee Lee TAIPEI, Dec 9 (Reuters) - Intel INTC.O should have focused on artificial intelligence rather than trying to become a contract chipmaker, the founder of Taiwan Semiconductor Manufacturing Co 2330.TW said on Monday, in relation to the recent departure of Intel's CEO .
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