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Malaysia targets over $100 bln in semiconductor industry investment

UPDATE 2-Malaysia targets over $100 bln in semiconductor industry investment Rewrites with PM's quote in paragraph 6, background in 8-13 By Danial Azhar KUALA LUMPUR, May 28 (Reuters) - Malaysia is targeting at least 500 billion ringgit ($107 billion) in investment for its semiconductor industry, Prime Minister Anwar Ibrahim said on Tuesday, as the Southeast Asian country looks to position itself as a global manufacturing hub.
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change NVIDIA Corp NVDA.OQ +9.2% PDD Holdings Inc PDD.OQ +4.8% Synopsys Inc SNPS.OQ +2.6% Marvell Technology Inc MRVL.OQ +1.7% ASML Holding NV ASML.OQ +1.4% Bottom Performers Percent Change GlobalFoundries Inc GFS.OQ -8.8% ON Semiconductor Corp ON.OQ -6.1% Warner Bros Discovery Inc WBD.OQ -4.3% Intel Corp INTC.OQ -4.2% Starbucks Corp SBUX.OQ -3.4% The Nasdaq 100 .NDX lost 83.43 points, o
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US plans $75 million grant to Absolics for advanced chip packaging

US plans $75 million grant to Absolics for advanced chip packaging By David Shepardson WASHINGTON, May 23 (Reuters) - The US Commerce Department said on Thursday it plans to grant $75 million to Absolics for constructing a 120,000-square-foot facility in Georgia that will supply advanced materials to the country's semiconductor industry. The planned award to the semiconductor packaging provider, an affliate of SKC Co, which in turn is part of South Korea's second-largest conglomerate SK Group 03
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Synopsys lifts annual forecast on AI boom driving demand for chip design software

Synopsys lifts annual forecast on AI boom driving demand for chip design software By Stephen Nellis and Jaspreet Singh May 22 (Reuters) - Synopsys SNPS.O raised its annual revenue and profit forecast on Wednesday in anticipation of robust demand for its software to design advanced chips driving artificial intelligence applications. The AI-boom has boosted investments in custom design of chips as tech firms are racing to dominate the lucrative technology with new innovations, triggering demand fo
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Chips may be hot, but transports are experienced

LIVE MARKETS-Chips may be hot, but transports are experienced Main U.S. indexes ~flat Healthcare leads S&P 500 sector gainers; Energy down most Dollar barely up, bitcoin rises ~1%; crude off, gold down >1% U.S. 10-Year Treasury yield ~flat at ~4.42% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CHIPS MAY BE HOT, BUT TRANSPORTS ARE EXPERIENCED Recent focus on mega-tech and in pa
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