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The Latest Breaking News on Asian tech

Stock Market Sells Off; Taiwan Semi, ASML, Netflix, Tesla In Focus: Weekly Review

The stock market suffered significant losses for the week, with ASML and Taiwan Semiconductor slamming the chip sector. Tesla was a big loser.

Investors Business Daily

TSMC Posts Q1'24 Results: 3nm Revenue Share Drops Steeply, but HPC Share Rises

Taiwan Semiconductor Manufacturing Co. this week released its financial results for Q1 2024. Due to a rebound in demand for semiconductors, the company garned $18.87 billion in revenue for the quarter, which is up 12.9% year-over-year, but a decline of 3.8% quarter-over-quarter. The company says that in increase in demand…

AnandTech

Why Taiwan Semiconductor Stock Is Falling After Earnings

Taiwan Semiconductor beat expectations for the first quarter but its stock is notably lower. Here's why.

Kiplinger

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Taiwan Chip Giant TSMC's Profits Surge On AI Demand

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon chips, which have been called the "lifeblood" of the modern world.

International Business Times

TSMC powers parts of Taipei with backup generators — Taiwan requests help as blackouts begin

Following the recent earthquake, TSMC was called on by Taiwan's state power company to provide extra power via its diesel backup generators.

Tom’s Hardware

Sharjah govt. highlights opportunities for Indian companies to expand business globally through UAE

MYSURU hosts "One-to-One Meetings" for Indian companies to expand globally through UAE with SAIF Zone and Govt. of Sharjah.

The Hindu

US To Grant Samsung Up To $6.4 Bn For Chip Plants

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas.

International Business Times

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Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.

WEKU

US Government To Invest .6 Billion In Semiconductor Chip Manufacturing

US government to invest .6 billion in TSMC for new chip plants in Arizona, boosting domestic chip production and enhancing economic security.

Top News

Semiconductor Stocks Arm, TSMC Advance On Positive News

Semiconductor stocks moving on news Monday included Arm Holdings, Micron Technology and Taiwan Semiconductor Manufacturing.

Investors Business Daily

ED attaches properties worth ₹25.2 crore belonging to Methuku Ravinder and his associates in Sun Parivar ponzi scheme

Enforcement Directorate attaches ₹25.2 crore properties in Sun Parivar ponzi scheme case in Hyderabad. Methuku Ravinder cheated 10,000 investors.

The Hindu

A.P. CID files chargesheet against Chandrababu Naidu in alleged skill development scam case

A.P. CID files chargesheet against Chandrababu Naidu in alleged skill development scam case. Valuation of inventory given to the Centres of Excellence and technical Skill Development Institutes has shown excess charging, the investigating agency alleges.

The Hindu

Taiwan earthquake causes estimated $62 million in damage and disruptions for TSMC - EUV equipment reported to be safe and sound: Report

Key EUV equipment at TSMC is 'safe and sound,' with production back up to 70 or 80% capacity on the same day as the massive April 3 earthquake, according to a new report. However, the seismic interruption and damage incurred will cost TSMC approximately $62 million.

Tom’s Hardware

Taiwan Quake Seen Having Minimal Impact On TSMC But Raises Concerns

The Taiwan quake renews concerns about having too much leading-edge semiconductor manufacturing located in one region.

Investors Business Daily

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Tom’s Hardware

TSMC resumes chip production following biggest earthquake in 25 years — incurred no damage to its critical tools

TSMC will resume production overnight following Taiwan's biggest earthquake in 25 years, saying there is no damage to "critical tools."

Tom’s Hardware

US urges South Korea to join the China sanctions regime, adjust export controls to prevent the country from getting chipmaking tools

The U.S. government asked South Korea to adjust its fab tool export controls to prevent shipments of advanced fab equipment from going to China. Whether South Korea will implement these adjustments remains to be seen.

Dynamite News

Consumers show faith in UPI, transactions surge by 56%, modest growth of 6% in card transactions

The latest report from Worldline has unveiled divergences in the trajectories of digital transactions in India. While UPI transactions. Read further on Dynamite News:

StockNews.com

3 Chip Stock Buys for Outsized Returns

The global semiconductor industry thrives on the increasing adoption of advanced technologies like AI and IoT. Hence, semiconductor stocks STMicroelectronics (STM), Photronics (PLAB), and Cirrus Logic (CRUS) might be ideal buys for their impressive capital appreciation potential. Read on….

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StockNews.com

3 Chip Stocks Surging Towards Profitability

Solid chip demand for numerous applications, backed by advancements in digital technologies, is propelling the semiconductor industry’s growth and expansion. Hence, investors could consider buying chip stocks Skyworks Solutions (SWKS), Taiwan Semiconductor (TSM), and NXP Semiconductors (NXPI), which are marching toward profitability. Read more….

AnandTech

Construction of $106B SK hynix Mega Fab Site Moving Along, But At Slower Pace

When a major industry slowdown occurs, big companies tend to slowdown their mid-term and long-term capacity related investments. This is exactly what happened to SK hynix's Yongin Semiconductor Cluster, a major project announced in April 2021 and valued at $106 billion. While development of the site has been largely completed,…

Investors Business Daily

Downside Reversal Hit Different For Chip Stocks

TSM stock saw a downside reversal, along with the Nasdaq and many chip stocks. Does that mean it's done?

Tom’s Hardware

SK hynix to spend $90 billion to build 'world's largest mega fab complex' — first fab operational in 2027

Termed the Yongin Semiconductor Cluster, SK hynix's upcoming quadruple fab complex will be the largest in the world.

The Hindu

No late payment penalty on March electricity bills for urban consumers in Karnataka following glitches in online portal post software upgrade

With March 20 being the due date for most consumers, there were also huge queues outside Bescom offices. Even there, the payment was reportedly not going through for some consumers due to technical glitches.

The Hindu

Hitachi Group firm GlobalLogic opens office in Mahbubnagar

GlobalLogic opens 180-seater office in Mahbubnagar near Hyderabad, part of hub-and-spoke strategy to tap into local talent.

StockNews.com

MU Pre-Earnings Analysis: Is Micron Technology a Strong Buy?

In its most recent quarter, Micron Technology (MU) broke a five-quarter streak of revenue declines, signaling a much-awaited positive growth. However, it also observed a waning in cash reserves. With this mixed performance, is it wise to invest in MU before its second-quarter earnings release? Let's find out….

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