CHIP

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

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Tim Cook and President Biden came to Arizona to announce US-made chip plans

Tim Cook and President Biden came to Arizona to announce US-made chip plans

Apple plans to start using American-made processors after opening a new state-of-the-art chip factory in Phoenix, Arizona. For factory customers, which also include AMD and NVIDIA, the new facility means more secure chip supply and faster production times. Chipmaker TSMC also said today that it will begin construction of a second factory in Phoenix next …

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TSMC triples Arizona chip investment to $40 billion

TSMC triples Arizona chip investment to $40 billion

Taiwan Semiconductor Manufacturing Company to more than triple its investment in the US state of Arizona to $40 billion as geopolitical tensions push the world’s largest contract chipmaker to accelerate the diversification of its production facilities . TSMC is currently investing $12 billion in building a manufacturing or “fab” facility in Arizona that was originally …

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Globally critical chip firm drives rift between US and Netherlands over China tech policy

Globally critical chip firm drives rift between US and Netherlands over China tech policy

Dutch Prime Minister Mark Rutte speaks with US President Joe Biden. The United States pressured the Netherlands to block exports of high-tech semiconductor equipment to China. The Netherlands is home to ASML, one of the most important companies in the global semiconductor supply chain. Suzanne Walsh | AFP | Getty Images Washington has its sights …

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Jim Cramer's 10 most important things to watch in the Friday market: Hot jobs, chip issues, FedEx looks OK

Jim Cramer’s 10 most important things to watch in the Friday market: Hot jobs, chip issues, FedEx looks OK

My Top 10 Things to Watch Friday, December 2, 2022 1. US stock futures point to a weaker open as bond yields rise on stronger-than-expected job growth and wage inflation in November. Non-farm payrolls increased by 263,000. The country’s unemployment rate remains, as expected, at 3.7%. Average hourly earnings up 0.6% month-over-month and 5.1% year-over-year, …

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Elon Musk expects Neuralink brain chip to begin human trials in 6 months

Elon Musk expects Neuralink brain chip to begin human trials in 6 months

November 30 (Reuters) – Elon Musk said on Wednesday he expected a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed the deadlines he had set. The company is developing brain chip interfaces that it says could help disabled patients move and communicate again, …

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Neuralink's brain chip plans: Help the blind see and the paralyzed walk

Neuralink’s brain chip plans: Help the blind see and the paralyzed walk

Neuralink, Elon Musk’s startup that hopes to link our brains directly to computers, showed progress in two medical areas on Wednesday: helping blind people see and helping people with spinal cord injuries walk. The company, one of five led by Musk, is working on technology to deposit thousands of electrodes thinner than a hair into …

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China enlists Alibaba and Tencent in fight against US chip sanctions

China enlists Alibaba and Tencent in fight against US chip sanctions

China has tapped tech giants Alibaba and Tencent to help it design semiconductor chips, as Beijing braces for new US sanctions aimed at suppressing Chinese computing power. The Chinese government has set up a consortium of companies and research institutes, including the Chinese Academy of Sciences, to create new intellectual property on the chips. Beijing …

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Dutch chip tool maker ASMI warns of escalating trade tensions

Dutch chip tool maker ASMI warns of escalating trade tensions

The head of Europe’s second-biggest semiconductor equipment maker has warned that the United States is mounting pressure on its allies to ensure that the world’s major chip companies comply with Washington’s strict export controls on the China. Benjamin Loh, managing director of Dutch company ASM International, which develops equipment for the production of semiconductor wafers …

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The chip war between the United States and China spills over into Europe |  CNN Business

The chip war between the United States and China spills over into Europe | CNN Business

hong kong CNN Business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West about China’s potential control over critical infrastructure. Last week the new owner of Britain’s biggest chipmaker was ordered to reverse its takeover, just days after another chip factory sale …

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