S&P 500 ends down as Apple dips and traders eye Powell speech

S&P 500 ends down as Apple dips and traders eye Powell speech

Investors look to Powell speech for interest rate clues U.S. consumer confidence slips in November S&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01% Nov 29 (Reuters) – The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chair Jerome Powell that could provide hints … Read more

Wall Street ends down sharply, hit by Apple and China worries

Wall Street ends down sharply, hit by Apple and China worries

Cyber Monday spending to hit $11.6 bln – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses .1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns

Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns

Nov 11 (Reuters) – More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from China’s Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The level of seizures, which has … Read more

Exclusive: Nvidia offers new advanced chip for China that meets U.S. export controls

Exclusive: Nvidia offers new advanced chip for China that meets U.S. export controls

OAKLAND, Calif., Nov 7 (Reuters) – U.S. chip maker Nvidia Corp (NVDA.O) is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China’s hands, the company confirmed on Monday. Nvidia responded to Reuters’ reporting that Chinese computer sellers are advertising products with the new … Read more

Amazon shares slump, Big Tech peers stay afloat

Amazon shares slump, Big Tech peers stay afloat

Oct 28 (Reuters) – Amazon.com Inc’s (AMZN.O) shares fell about 8% on Friday after forecasting holiday-quarter sales below Wall Street estimates, while its Big Tech peers recovered from a bruising selloff this week. The online retailer, whose market cap briefly fell below $1 trillion, was last down 8.4% at $101.66, after hitting its lowest since … Read more

Apple freezes plans to use China’s YMTC chips – Nikkei

Apple freezes plans to use China’s YMTC chips – Nikkei

Oct 17 (Reuters) – U.S. tech giant Apple Inc (AAPL.O) has put on hold plans to use memory chips from China’s Yangtze Memory Technologies Co (YMTC) in its products, after Washington imposed tighter export controls against Chinese technology companies, the Nikkei reported on Monday. Apple had originally planned to start using state-funded YMTC’s NAND flash … Read more

TSMC cuts capex on inflation worries after posting 80% profit jump

TSMC cuts capex on inflation worries after posting 80% profit jump

Q3 profit T$280.9 bln vs T$265.64 bln analyst view Q3 revenue up 36% on year at $20.23 bln Sees Q4 revenue up 29% to $19.9-$20.7 billion TAIPEI, Oct 13 (Reuters) – Taiwanese chipmaker TSMC’s (2330.TW) quarterly profit surged 80% on strong sales of its chips used in data centres and electric cars, but the company … Read more

U.S. scrambles to prevent export curbs on China chips from disrupting supply chain

U.S. scrambles to prevent export curbs on China chips from disrupting supply chain

OAKLAND, Calif./NEW YORK Oct 11 (Reuters) – The U.S. is scrambling to tackle unintended consequences of its new export curbs on China’s chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said. By late Tuesday, hours before a new restriction took effect, South Korean memory chipmaker SK Hynix Inc … Read more

Intel plans to cut thousands of jobs hit by PC slowdown – Bloomberg News

Intel plans to cut thousands of jobs hit by PC slowdown – Bloomberg News

Oct 11 (Reuters) – Chipmaker Intel Corp (INTC.O) is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Bloomberg News reported on Tuesday, citing people with knowledge of the situation. The layoffs will be announced as early as this month and some … Read more