(Bloomberg) — For investors looking for a dip-buying opportunity in the global chip industry, Berkshire Hathaway Inc. may have a recommendation: Taiwan Semiconductor Manufacturing Co. Warren Buffett’s conglomerate picked up a $5 billion stake in the firm in the recent quarter amid a rout that wiped out over $250 billion from the stock. It hasn’t […]
Read More(Bloomberg) — Ford Motor Co. sees a prolonged shortage of mature chips that automakers need for their vehicles. “It’s too painful. We need to understand your technology roadmap better,” Chief Executive Officer Jim Farley said at the annual Semiconductor Industry Association dinner, in an interview with Texas Instruments Inc. CEO Rich Templeton. “And we need […]
Read More(Bloomberg) — Semiconductor stocks across the globe slipped Monday after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concerns that the industry’s downturn is far from over. In China, bellwether Semiconductor Manufacturing International Corp. fell 4% in Hong Kong, the most since Sept. 2. […]
Read More(Bloomberg) — Mounting concern over semiconductor demand is sending shudders through North Asia’s high-tech exporters, which historically serve as a bellwether for the international economy. South Korean behemoths Samsung Electronics Co. and SK Hynix Inc. have signaled plans to dial back investment outlays, while across the East China Sea, the world’s biggest contract chipmaker Taiwan […]
Read More(Bloomberg) — Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade or more. The semiconductor market enjoyed a massive run-up in orders during the pandemic, sending sales […]
Read MoreSkyWater Technology, Inc. (SKYT) SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor development and manufacturing services. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, power discrete, microelectromechanical systems, and rad-hard integrated circuits. Impinj, Inc. (PI) Impinj, Inc. operates […]
Read MoreIt has become pretty normal over the last several years to see the Technology sector leading the market – after all, Technology is increasingly at the center of just about every part of our daily lives in one sense or another. Technology often acts as both a catalyst and a hindrance to broader economic health […]
Read More(Bloomberg) — Intel Corp., the world’s biggest maker of computer processors, fell far short of analysts’ second-quarter sales and profit estimates and slashed forecasts for the year, weighed down by a drop in demand for data-center chips and a steep decline in PC shipments. Shares tumbled as much as 12% in late trading. Revenue in […]
Read More(Bloomberg) — Micron Technology Inc. gave a surprisingly downbeat forecast for the current quarter after demand for phones and computers weakened, but vowed to move aggressively to stave off a chip glut. The company — the largest US maker of memory semiconductors — warned that sales will be about $7.2 billion in its fiscal fourth […]
Read MoreStocks in the Technology sector get a lot of attention and buzz from investors, analysts and talking heads alike no matter the time of year or current status of the economy. I think that a big reason comes from the reality that progress and evolution in just about every other sector of the economy is, […]
Read More(Bloomberg) — Advanced Micro Devices Inc. gave a strong sales forecast for the current quarter, indicating that it continues to win in its most lucrative market: data-center chips. AMD predicted second-quarter sales of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. The company’s forecast includes a contribution from its acquisition of […]
Read More(Bloomberg) — A major industrial conglomerate has resorted to buying washing machines and tearing out the semiconductors inside for use in its own chip modules, according to the CEO of a company central to the chipmaking supply chain. ASML Holding NV Chief Executive Officer Peter Wennink remarked on the situation, without naming the conglomerate, during […]
Read More(Bloomberg) — ASML Holding NV, the world’s largest semiconductor maker, said demand for its chip-making machines outstripped supply in the second quarter, prompting it to lift its longer-term sales forecasts. “We continue to see that the demand for our systems is higher than our current production capacity,” Chief Executive Officer Peter Wennink said. “In light […]
Read More(Bloomberg) — Intel Corp. Chief Executive Officer Pat Gelsinger is on the move visiting customers and suppliers in Asia in an attempt to shake up an industry that’s fallen victim to a global pandemic and geopolitical ructions. Gelsinger is traveling to Japan, Taiwan and India, according to a person familiar with his itinerary. As part […]
Read More(Bloomberg) — Nvidia Corp., one of the largest buyers of outsourced chip production, said it will explore using Intel Corp. as a possible manufacturer of its products, but said Intel’s journey to becoming a foundry will be difficult. Nvidia Chief Executive Officer Jensen Huang said he wants to diversify his company’s suppliers as much as […]
Read More