Former U.S. Ambassador to South Korea, Mark Lippert, is expected to join Samsung Electronics next month as head of corporate and government affairs in North America. Industry experts told The Korea Herald they believe the recruitment will allow Samsung to bolster its responsiveness to changing U.S. policies, especially those regarding chips, which have emerged as a…
Samsung to Hire Former US Ambassador as PR Chief for North America
February 14, 2022
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Asia & PacificBusiness & EconomyCompaniesMark LippertSamsungsemiconductorSouth Koreasupply chainU.S. ambassadorU.S.-China tensionsUnited StatesWorld
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Chart Wars: Between Nvidia, Taiwan Semiconductor, Which Stock Looks Set to Fly Higher?
NVIDIA Corporation and Taiwan Semiconductor Manufacturing Company Ltd. were each trading 1 percent higher on Monday despite the broad sector ETF SPDR S&P 500 consolidating with an inside bar pattern. Both stocks have reached new all-time highs recently with Nvidia soaring to the $346.47 mark on Nov. 22 and Taiwan Semiconductor hitting a Jan. 13 high of…
GM Prioritizes Faster EV Launches Ahead of Fatter Profits
DETROIT—General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year. GM said it expects 2022 operating profit of $13 billion to $15 billion, in line…
A Tale of Two Chip Stocks: Intel, Texas Instruments Get the Ball Rolling for Semiconductor Earnings
Intel Corporation and Texas Instruments Incorporated report quarterly results this week, marking the beginning of the big tech earnings season. Texas Instruments is scheduled to report Tuesday after the close, and Intel will release its quarterly report the next day after the close. Here are Rosenblatt Securities’ expectations concerning the first two big tech earnings to…
Intel ‘Self-Censored’ by Deleting Mention of Xinjiang from Open Letter: Rubio
Sen. Marco Rubio (R-Fla.) has criticized Intel for “self-censoring” after reports emerged that the company deleted references about China’s Xinjiang region from an open letter to suppliers posted on its website. The letter, originally published in December 2021, asked suppliers not to source goods, services, or labor from Xinjiang, signaling concerns over potential forced labor…
Taiwan Semiconductor Manufacturing Company Reports Record Earnings for 6th Consecutive Quarter
January 11, 2022
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Business & EconomyBusinesses in COVID-19ChinaCompaniesMarketssemiconductorSpecial TopicsTaiwanTech Competition
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Taiwan Semiconductor Manufacturing Company (TSMC) closed off the final quarter of 2021 with record revenues, continuing the Taiwanese company’s period of grand profits as it struggles to keep pace with unprecedented demand for semiconductor devices. The manufacturer took in NT$438.18 billion ($15.8 billion) in revenue in the final quarter of 2021, constituting the sixth consecutive…
Read Why Needham Chose Marvell as Top Semiconductor Pick
Needham analyst N. Quinn Bolton raised the price target on Marvell Technology Inc. to $115 from $110 and reiterated a Buy. The price target implies a 30.9 percent upside. Marvell is Needham’s top pick for 2022 within semiconductors. Bolton estimates Marvell will organically grow revenue by more than 30 percent in CY22 and by ~20 percent in CY23, the fastest…
South Korea Charges 4 Nationals for Allegedly Leaking Cutting-Edge Technology to Chinese Company
Four South Koreans were charged on Dec. 22 for allegedly leaking cutting-edge semiconductor technologies to a Chinese company. According to JoongAng Ilbo newspaper, an unnamed South Korean company—coined ‘company A’— illegally obtained the sensitive technology from another South Korean company—’company B’—and then sold it on to a newly-established semiconductor company in China. The alleged illegal activity took…
Taiwan, Japan Agree to Boost Cooperation on Economic Security
The ruling parties of Taiwan and Japan agreed to boost economic security cooperation, with a focus on supply chain resilience for semiconductors and other crucial items. Although Chinese-claimed Taiwan and Japan do not have formal diplomatic connections, they maintain close unofficial ties and share concerns about China, particularly its increased military activities near the two….
Taiwan Becomes The World’s Top Spender In Semiconductor Equipment, Dethroning South Korea and China
Taiwan’s leading role in chipmaking has come under the spotlight amid a global shortage of semiconductors. On top of being the world’s largest chip producer, Taiwan has also become the world’s top spender on semiconductor equipment, dethroning South Korea and China. According to the global semiconductor trade association (SEMI), Taiwan was the largest buyer of…
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