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Semiconductors

Qualcomm CEO Cristiano Amon Shows How Company Will Grow: Jeff Kagan

Jeff Kagan | Equities.com |

Qualcomm CEO Cristiano Amon explained to investors how strong company growth would continue going forward. In fact, this strong news led Qualcomm to set a record high stock price in the days since. Let’s take a closer look at the changing industry, the changing technologies and the changing products and services. And let’s take a closer look at what that future holds for Qualcomm.

 

Qualcomm has been around for quite a long time, and they have con...


Samsung Vice Chair Lee in US To Finalize $17 Billion Chip Plant Site, Meet With Moderna on Vaccines

Kimberly Redmond | Equities.com |

Samsung Electronics Co vice president Jay Y. Lee has embarked on a high-profile business trip to the US to finalize the company’s plant to build a $17 billion semiconductor plant and discuss COVID-19 vaccines with Moderna Inc. 

Reuters reported that Samsung’s decision on where it will locate its new plant with coincide with Lee’s trip, which kicked off Sunday. https://www.reuters.com/business/samsungs-lee-visits-us-ahead-likely-17-bln-chip-plant-decision...


Nissan Institutes Work Stoppages in Mexico for Parts of October

Kimberly Redmond | Equities.com |

Nissan Motor Company will pause production at two Mexican plants for several days this month due to the ongoing shortage of semiconductor chips.

On Wednesday, Reuters reported that operations will halt for 11 days at Nissan’s plant in Aguascalientes and for 8 days at its Morelos factory.


Semiconductor Shortage To Cost Global Auto Industry $210 Billion in Revenue in 2021

Kimberly Redmond | Equities.com |

The ongoing semiconductor shortage is now expected to cost the global automotive industry $210 billion in revenue this year, according to global consulting firm AlixPartners.

The forecast released Thursday is almost double the firm's previous projection of $110 billion made in May.


Broadcom Beats Fiscal Q3 Estimates, Raises Q4 Forecast

Reuters | Equities.com |

Broadcom Inc forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting on strong demand for its semiconductors from the adoption of 5G technology and a shift to hybrid work models.

Broadcom's efforts to diversify revenue by ramping up investments in its software business has insulated the company from being heavily impacted by supply chain disruptions.


General Motors To Reduce North American Production Due to Chip Shortage

Reuters | Equities.com |

General Motors Co will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said on Thursday.

The largest U.S. automaker will halt production next week at its Fort Wayne plant in Indiana and its Silao plant in Mexico, both of which build pickup trucks. In total, GM is cutting production at eight North American assembly plants in September.


Elon Musk Says $200,000 Tesla Roadster Will Be Delayed Until 2023

Kimberly Redmond | Equities.com |

Tesla Inc’s (Nasdaq: TSLA) chief executive officer Elon Musk said the EV maker is delaying deliveries of the new version of its Roadster sports car until 2023, at the earliest.

In a tweet Wednesday, Musk wrote, “2021 has been the year of super crazy supply chain shortages, so it wouldn’t matter if we had 17 new products, as none would ship. Assuming 2022 is not mega drama, new Roadster should ship in 2023.”


US Officials Grant Licenses Authorizing Companies To Supply Chips to Huawei for Auto Components

Kimberly Redmond | Equities.com |

US officials have given permission to American companies to sell microchips to blacklisted Chinese telecommunications giant Huawei Technologies Co for its growing auto components business.

Citing sources familiar with the matter, Reuters reported on Wednesday that the license application approvals are worth hundreds of millions of dollars.


Nvidia's Acquisition of Arm Holdings Hitting Heightened Regulatory Scrutiny

Kimberly Redmond | Equities.com |

Nvidia Corp’s (Nasdaq: NVDA) bid to acquire Arm Holdings is taking longer than expected as the transaction which seeks to unite the two of the most powerful chip companies in the world has been met with heightened regulatory scrutiny.

During the company's earnings call late Wednesday, in which Nvidia reported reported sales and profit, chief executive officer Jensen Huang said discussions with regulators in the US, UK and China “are taking longer than initially thought,” and the deal may therefore not close within the originally anticipated 18-month window.


Geely Automobile Warns of Short-Term Semiconductor Hit But Reiterates Annual Sales Target

Reuters | Equities.com |

The company's upbeat forecast and a strong first-half revenue growth helped send shares of the Hangzhou-based car maker up nearly 4%.

Geely posted a 22% rise in six-month revenue to end-June of 45 billion yuan ($6.94 billion), driven by an improved product mix.


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