Samsung shares rose on Thursday, dragging Asian chipmakers higher after South Korean technology giant posted “better than feared” earnings guidance for the second quarter. The numbers assuaged investors’ concerns about rising inflation, deteriorating consumer demand and higher material costs for semiconductor firms, though analysts cautioned that demand weakness may not have fully run its course … Read more
Chip stocks got pummeled late last week after Micron warned of waning demand. The semiconductor firm put out a significantly weaker-than-expected business outlook, raising concerns that the once red-hot industry is headed for a downcycle, amid broader fears of an economic downturn. If that comes to pass, it would be a far cry from the … Read more
Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley resumes Advanced Micro Devices as overweight Morgan Stanley resumed coverage of the semiconductor company after a long period of restriction and said AMD’s valuation is “reasonable.” “While a digestion phase in PCs and consoles appears likely, and we are budgeting for some bail next year, … Read more
Taiwan Semiconductor is entering a new era for the industry from a position of strength, and that could make the stock a winner for investors, according to Loop Capital Markets. Analyst Charles Park initiated coverage of TSMC with a buy rating, saying that the chipmaker would soon reap the rewards of recent internal investments. “Although … Read more
India is now “emerging as something very exciting,” thanks in part to technology and government policies, according to Mark Mobius. “Right now, we’re focusing more and more on India,” Mobius, founding partner at Mobius Capital Partners, told CNBC’s “Squawk Box Asia” on Tuesday. The veteran investor made his name at Franklin Templeton and is seen … Read more
China’s latest outbreak of Covid-19 appears to be subsiding, and analyst Lorraine Tan believes the economy could get a boost if China eases off on its lockdowns. Despite the ongoing uncertainty, Tan, director of equity research in Asia at Morningstar, believes value remains in Greater China’s equity space, which has been beaten down in this … Read more
China should not interfere with commercial dealings between Taiwan and the European Union especially when increased economic resilience between the two sides contributes to the benefit of the global economy, a senior Taiwan minister told CNBC. Taiwan would pursue a new free trade agreement with the EU should high-level talks with the bloc over the … Read more
Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill in Washington, DC, US, February 1, 2022. Andrew Harnik | Reuters US Commerce Secretary Gina Raimondo on Wednesday urged Congress to pass the CHIPS for America Act in order to safeguard national security and … Read more
A massive sell-off in semiconductor stocks this year has created an opportunity to buy the dip, Morgan Stanley says, naming the two global chipmakers it expects to dominate. Semiconductor stocks have taken a beating this year, amid a broader sell-off across the tech sector. But Morgan Stanley believes this has created an opportunity to invest … Read more
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts. The world’s biggest foundries – including Taiwan Semiconductor Manufacturing Company, Samsung and … Read more