TSMC starts volume production of most advanced chips in Taiwan

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the … Read more

China reports first COVID deaths in weeks as doubts gather over official count

China reports first COVID deaths in weeks as doubts gather over official count

Beijing reports two deaths, first since Dec. 3 Comes after Beijing relaxed anti-virus controls Citizens, analysts question official figures Virus surge weighs on world’s second economy BEIJING, Dec 19 (Reuters) – China reported its first COVID-related deaths in weeks on Monday amid rising doubts over whether the official count was capturing the full toll of … Read more

Foxconn unit to sell stake in Chinese chip firm Unigroup

Foxconn unit to sell stake in Chinese chip firm Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to … Read more

Biden blacklists China’s YMTC, crackdowns on AI chip sector

Biden blacklists China’s YMTC, crackdowns on AI chip sector

WASHINGTON, Dec 15 (Reuters) – The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could … Read more

U.S. consulted with Japan, Netherlands on chip curbs to China -Sullivan

U.S. consulted with Japan, Netherlands on chip curbs to China -Sullivan

Dec 12 (Reuters) – The United States has spoken with its partners including Japan and the Netherlands to tighten chip-related exports to China, Jake Sullivan, the White House national security adviser, said on Monday. Bloomberg News reported that the two countries had agreed in principle to join the U.S.-led technology export control. The Biden administration … Read more

Wall Street ends lower as investors digest economic data

Wall Street ends lower as investors digest economic data

U.S. producer prices increase in November Consumer sentiment improves in December Lululemon tumbles after downbeat forecast Indexes close: S&P 500 -0.73%, Nasdaq -0.70%, Dow -0.90% Dec 9 (Reuters) – Wall Street ended lower on Friday as investors assessed economic data and awaited a potential 50-basis point interest rate hike by the U.S. Federal Reserve at … Read more

S&P 500 snaps losing streak on jobless claims rise

S&P 500 snaps losing streak on jobless claims rise

Weekly jobless claims rise in line with estimates Moderna, Pfizer up as FDA authorizes updated COVID boosters Exxon climbs after boosting buyback program Dec 8 (Reuters) – The S&P 500 (.SPX) closed higher on Thursday, snapping a five-session losing streak, as investors pushed the index higher after interpreting data showing a rise in weekly jobless … Read more

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

U.S. bans Huawei, ZTE equipment sales citing national security risk

U.S. bans Huawei, ZTE equipment sales citing national security risk

Nov 25 (Reuters) – The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “an unacceptable risk” to U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment … Read more