Results for: Semiconductor

TSMC is establishing its first Japanese wafer fabrication plant in Kumamoto, set to begin mass production before the end of 2024. This significant investment will supply chips to Sony and Denso, initially focusing on 22nm and 28nm nodes, with plans to expand to 6nm and 7nm in the future. The project, supported by the Japanese government, aims to revitalize Japan’s semiconductor industry and strengthen its supply chain. This development reflects the global demand for semiconductors driven by the electric vehicle and AI industries.

Jim Cramer suggests Nvidia’s stock may have bottomed out near $127, reversing his earlier bearish prediction. Despite recent volatility, NVDA’s stock shows strong year-to-date gains fueled by AI demand and impressive financial performance. Analysts maintain a generally positive outlook, with varying price targets.

Nvidia’s stock price dipped below short-term moving averages, prompting concerns despite remaining above the 200-day average. CNBC’s Jim Cramer warned of a potential market correction, while other analysts remain bullish citing strong support levels. The situation unfolds amid an antitrust investigation in China.

Broadcom’s upcoming Q4 2024 earnings report on December 12th is highly anticipated. Analysts predict an EPS of $1.39, but the company’s guidance for the next quarter will be the key driver of share price movements. This analysis delves into Broadcom’s past performance, analyst ratings, peer comparisons, and key financial indicators to help investors prepare.

ASML Holding NV (ASML) saw a 1% premarket stock rise following the extension of a former Russian employee’s detention on intellectual property theft charges. While the news is positive, technical analysis reveals a period of stock price consolidation, suggesting neither significant upward nor downward momentum.

Intel Corporation announced the appointment of semiconductor industry veterans Eric Meurice and Steve Sanghi to its board of directors, following the departure of CEO Pat Gelsinger. This move comes as Intel navigates significant leadership transitions and strives to regain its competitive edge in a challenging market.

Intel, facing its toughest period in decades, is attempting a risky maneuver: spinning off its Foundry business while navigating a complex CHIPS Act agreement. This strategic move, while potentially shedding billions in losses, comes with strict government stipulations that could significantly impact Intel’s future.

China issued a strong warning to the US, threatening retaliatory measures if the Biden administration proceeds with plans to further restrict chip exports to Chinese companies. The potential new measures could significantly impact the global semiconductor industry and exacerbate existing trade tensions.

Taiwan Semiconductor Manufacturing Co (TSM) is significantly accelerating its 2-nanometer chip production, six months ahead of schedule, fueling advancements in AI and high-performance computing. This expansion, including new fabs in Kaohsiung, positions Taiwan as a global semiconductor leader and promises to boost the regional economy.

Qualcomm’s interest in acquiring Intel appears to be cooling due to the complexities of such a large-scale merger. While a full acquisition may be off the table for now, Qualcomm hasn’t ruled out purchasing parts of Intel or revisiting the idea later. This development comes as Intel faces financial headwinds, including reduced CHIPS Act funding and slower-than-expected AI chip sales.