Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and … Read more
General view of the Bank of England building in London. Sopa Images | Lightrocket | Getty Images LONDON — European markets closed lower on Thursday as investors processed a raft of central bank action and fresh U.S. economic data. The pan-European Stoxx 600 index provisionally closed 1.29% lower. All major regional bourses and most sectors … Read more
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China. AMD was among the morning’s big winners with shares up more than 9% in U.S. premarket trading after the company reported a top and … Read more
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China. Reuters reported on Thursday that the U.S. is considering expanding the so-called foreign direct product rule, but that allies that export key chipmaking equipment — … Read more
A worker produces chips at a semiconductor manufacturing enterprise in Binzhou, China, on June 4, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Four of the world’s largest semiconductor equipment manufacturers, including ASML, have seen the share of their China revenue more than double since late 2022, Bank of America analysts said in a … Read more
The moves from the U.S. came after Bloomberg on Wednesday reported that the Biden administration is thinking about clamping down on firms exporting their critical chipmaking equipment to China. Wong Yu Liang | Moment | Getty Images Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. … Read more
President Joe Biden and his Chinese counterpart Xi Jinping are expected to meet on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco in November. Saul Loeb | Afp | Getty Images Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. … Read more
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023. Piroschka Van De Wouw | Reuters ASML reported second-quarter earnings and sales that beat forecasts as it continues to see a recovery in demand for its machines that are required to make the world’s most advanced chips. Here’s how ASML did versus … Read more
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. Tyrone Siu | Reuters Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session. Shares of chip firms in Europe and Asia fell in early trade as investors reacted … Read more
Sinology | Moment | Getty Images The U.S. could further tighten restrictions on China’s access to chip technology critical for artificial intelligence, Bloomberg reported on Tuesday. The Biden administration is weighing actions that would target high-tech chip architecture known as gate all-around, Bloomberg reported, citing sources familiar with the matter. GAA refers to new transistor … Read more
