Dow falls nearly 500 points after strong data, bearish comments by David Tepper

Dow falls nearly 500 points after strong data, bearish comments by David Tepper

U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks will continue tightening … Read more

Taiwan’s military has a problem: As China fears grow, recruitment pool shrinks

Taiwan’s military has a problem: As China fears grow, recruitment pool shrinks

Taipei, Taiwan CNN  —  Taiwan has noticed a hole in its defense plans that is steadily getting bigger. And it’s not one easily plugged by boosting the budget or buying more weapons. The island democracy of 23.5 million is facing an increasing challenge in recruiting enough young men to meet its military targets and its … Read more

As the world courts TSMC, Taiwan worries about losing its ‘silicon shield’

As the world courts TSMC, Taiwan worries about losing its ‘silicon shield’

Hong Kong CNN  —  Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook during a ceremony to unveil its $40 billion manufacturing site in Arizona — a huge investment designed to help secure America’s supply of the most advanced chips. But back home in Taiwan, there is … Read more

TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden’s visit

TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden’s visit

New York CNN Business  —  Taiwan Semiconductor Manufacturing Company is upping its investment in the United States, announcing Tuesday that it’s building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. The move marks one of the “largest foreign direct investments in the history of the United … Read more

Nexperia and Elmos cases show how the US-China chip war is spilling over to Europe

Nexperia and Elmos cases show how the US-China chip war is spilling over to Europe

Hong Kong CNN Business  —  Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over potential Chinese control of critical infrastructure. Last week, the new owner of Britain’s biggest chipmaker was ordered to unwind its takeover, just days after another chip factory sale … Read more

Opinion: This record number in Nvidia earnings is a scary sight

Opinion: This record number in Nvidia earnings is a scary sight

Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more

Why Berkshire Hathaway’s Latest Big Bet Is on a Taiwanese Chip Maker

Why Berkshire Hathaway’s Latest Big Bet Is on a Taiwanese Chip Maker

Warren Buffett’s Berkshire Hathaway Inc. BRK.B 0.35% is making a multibillion-dollar bet on a Taiwanese chip maker. For years, Berkshire mostly avoided technology stocks. In fact, in Berkshire’s 2008 annual report, Mr. Buffett went so far as to say he preferred simple businesses. “If there’s lots of technology, we won’t understand it,” he said. But … Read more

Germany blocks sale of chip factory to China over security fears

Germany blocks sale of chip factory to China over security fears

London/Berlin CNN Business  —  The German government has blocked the sale of one of its semiconductor factories to a Chinese-owned tech company because of security concerns. Germany’s economic ministry said in a statement that it had prohibited Elmos Semiconductor, which makes chips for the automotive industry, from selling its factory in Dortmund to Silex, a … Read more

‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next

‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next

Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth-straight jumbo hike. Bruised investors look ready to keep selling stocks on Thursday as yields tear higher. Not everyone agrees with Powell. “The Fed is making a huge policy error, and they will manage to break … Read more

Intel Prices Widely Anticipated IPO for Self-Driving Car Unit Mobileye

Intel Prices Widely Anticipated IPO for Self-Driving Car Unit Mobileye

Intel Corp.’s INTC 0.85% self-driving car unit Mobileye Global Inc. priced its initial public offering at $21 a share, a dollar above the top of its targeted range, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at roughly $17 billion, the people said. That … Read more