Tag: Semiconductors

Intel issued an outlook for the first quarter of 2024 that lagged analyst estimates.

Microchip manufacturer STMicroelectronics on Thursday said its revenues started to dip in the final three months of 2023 as it warned of a further slowdown in sales over the first quarter of 2024 caused by the slump in the global manufacturing sector.

Europe’s largest tech company, ASML Holding, on Wednesday held onto its conservative outlook for 2024 despite promising signs of a recovery in the semiconductor industry that saw it receive a record €9.2 billion worth of orders in the final quarter of 2023.

TSMC reported fourth-quarter revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. 

Semiconductor equipment maker ASML was barred by the Dutch government from exporting some of its tools to China, the company said.

U.S. chipmaking giant Nvidia is set to launch an adjusted version of a gaming processor with slower performance in China to comply with U.S. export restrictions.

Israel’s government agreed to give Intel a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel.

ASML and Samsung Electronics agreed to jointly invest 1 trillion won to build a plant in South Korea to develop high-tech semiconductor processing technology for cutting-edge chips.

U.S. Commerce Secretary Gina Raimondo said she expects to make around a dozen semiconductor chips funding awards within the next year, including multi-billion dollar announcements that could drastically reshape U.S. chip production.

BEIJING/SINGAPORE, Dec 11 (Reuters) – Chinese chip designers including Tencent Holdings are aggressively pitching their AI chips as alternatives to Nvidia’s , hoping U.S. export restrictions will prompt clients to switch, said four people familiar with such discussions.

Broadcom Inc. topped profit expectations for its latest quarter, but shares of the chip company were falling in Thursday’s aftermarket action.

The new chip, called the H20, was being delayed due to issues server manufacturers were having integrating the semiconductor into their products, Reuters reported.

Nvidia’s results surpassed analysts’ projections for revenue and income in the fiscal fourth quarter.

Semiconductor equipment maker Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker SMIC, according to three people familiar with the matter.

On Tuesday, Foxconn reported third-quarter profit rose 11.27% from a year ago, beating analysts’ expectations despite an ongoing consumer electronics slump.

China’s largest chipmaker SMIC on Thursday posted a 80% profit drop as semiconductor woes persist.

Nvidia has been hit with a series of restrictions on exports of its artificial-intelligence chips to China. However the chip maker isn’t giving up on a promising market for its AI processors. 

Arm reported second fiscal quarter earnings on Wednesday.

AMD reported third-quarter earnings on Tuesday.

Wolfspeed Inc. shares surged nearly 13% in after-hours trading Monday after the silicon-carbide company forecast a slimmer-than-expected loss for its ongoing quarter.