Tag: Semiconductors

For the quarter ended Aug. 29, Micron reported revenue of $7.75 billion—up 93% from the prior year—and adjusted earnings of $1.18 a share. Wall Street was expecting revenue of $7.65 billion with adjusted EPS of $1.11.

Chip giants Samsung Electronics an Semiconductor Manufacturing Co. are considering building megafactories in the Middle East, in a move that could transform the chip industry in the coming years.

The chipmaker, which has lost over half its value this year and last month had its worst day on the market in 50 years after a disappointing earnings report, started the week on Monday by announcing that it’s separating its manufacturing division from the core business of designing and selling computer processors.

Shares of Mobileye Global were rising Thursday after majority shareholder Intel said it currently has no plans to divest a majority interest in the autonomous-driving company.

Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital.

Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings.

Qualcomm launched a new PC processor on Wednesday as it looks to capitalize on electronics makers’ desire to put artificial intelligence on their devices.

Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor enthusiasm after one of the stock’s worst slumps in decades.

The stock rose 7% to $14.46 in after-hours traning Wednesday. Shares ended the regular session up 2.6% at $13.51, putting them down 69% since the beginning of the year.

AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia 

Applied Materials Inc. was informed by US officials that it won’t be receiving Chips Act money for a long-anticipated research and development center, dealing a critical blow to a much-touted project in the heart of Silicon Valley.

Intel was set to erase nearly $25 billion in stock market value on Friday in potentially its worst selloff since 2000 after it suspended dividend and slashed workforce to fund a costly turnaround for its chip-making business.

Qualcomm Incorporated reported third-quarter earnings and revenue that topped analyst estimates and delivered optimistic guidance for the fourth quarter.

Arm Holdings was tumbling on Thursday after its quarterly earnings report. That’s a buying opportunity according to J.P. Morgan analysts.

Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.

Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.

Texas Instruments provided a solid revenue forecast for the September quarter, and its shares rose in after-hours trading.

Taiwan Semiconductor Manufacturing is thriving on rising demand for artificial-intelligence chips, but geopolitics may drive investor sentiment in the short term.

Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fuelled by comments from former U.S. President Donald Trump.

ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm’s critical semiconductor making equipment.