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Reuters - 1 week ago

U.S. seeks to prevent China from benefiting from $52 billion chips funding

UPDATE 1-U.S. seeks to prevent China from benefiting from $52 billion chips funding Adds more details, Raimondo comment By David Shepardson WASHINGTON, March 21 (Reuters) - The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern.
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Reuters - 1 month ago

Applied Materials positive on Q2 on resilient demand for automotive, AI chips

UPDATE 4-Applied Materials positive on Q2 on resilient demand for automotive, AI chips Adds executive comments By Tiyashi Datta Feb 16 (Reuters) - Applied Materials Inc AMAT.O on Thursday projected quarterly revenue broadly above estimates as it fills a backlog of orders and benefits from resilient demand for its tools used to make chips for the automotive and artificial intelligence industries.
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Reuters - 2 months ago

U.S. stock advance proving hard to chip

LIVE MARKETS-U.S. stock advance proving hard to chip Main U.S. indexes green: Nasdaq up ~0.6% Jan U Mich sentiment final 64.9 vs 64.6 estimate Dec pending home sales change MM 2.5% vs -0.9% estimate Cons disc leads S&P 500 sector gainers; energy weakest group Euro STOXX 600 index ~flat Dollar, crude, bitcoin rise; gold edges red U.S. 10-Year Treasury yield rises to ~3.53% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Reuters - 2 months ago

Intel's 'historic collapse' erases $8 billion from market value

GRAPHIC-Intel's 'historic collapse' erases $8 billion from market value Updates share movement By Aditya Soni and Nivedita Balu Jan 27 (Reuters) - Intel Corp INTC.O saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market.
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Reuters - 2 months ago

Intel's 'historic collapse' sparks selloff in chip stocks

Intel's 'historic collapse' sparks selloff in chip stocks Jan 27 (Reuters) - Intel Corp INTC.O stumped Wall Street with a dismal first-quarter outlook, triggering a rout in shares of chipmakers on Friday and prompting some analysts to raise concerns about its cash position in a semiconductor downturn. The company's shares were down 10% in premarket trading after Intel predicted a surprise loss for the period and provided a revenue forecast that was below estimates by $3 billion.
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