Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. Emmanuel Dunand | AFP | Getty Images Dutch chip equipment maker ASML forecast a jump in 2023 revenue as the semiconductor industry predicts there will be a reacceleration of growth in the second half of this year. ASML is one of the world’s most important companies in the chip supply…

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Cramer’s lightning round: Costamare is not a buy

Costamare Inc: “I don’t like [the] container ship business. And the rates are falling. I’m not going to say, buy that.” Lamar Advertising Co: “They are in a business that is in a serious recession right now. So, I am going to have to say no to that.” Torm PLC: “People love the tankers because they look so compelling. That one’s moved. The train has left.” Splunk Inc: “We are betting with, not against, Splunk.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost…

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Asia’s year in review: Who had it good — and who had it bad — in 2022

Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. Collazo is an analyst focusing on the Indo-Pacific region. Follow them on Twitter at @CurtisSChin and @JoseBCollazo. As the new year approaches, we turn again to our annual look at Asia’s winners and losers. Government…

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India and Vietnam could benefit as chipmakers shift away from China

An illustration showing glowing numbers, code and circuit on a black background. Yuichiro Chino | Moment | Getty Images U.S. curbs on chip exports to China are the latest shakeup prompting companies to consider moving some of their chipmaking capabilities to nearby Vietnam and India. Still, experts told CNBC the Biden administration’s semiconductor export restrictions on China will not likely disrupt the global state of play over chipmaking supremacy. The number of recent queries to KPMG from clients and prospects about expanding chipmaking capabilities across Southeast Asia increased 30% to…

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TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders

TSMC has bucked a slowdown in areas of the chip market in the face of rising prices, fears of a global recession and Covid disruptions in China. Rafael Henrique | Sopa Images | Lightrocket | Getty Images TSMC, the world’s largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone. The Taiwanese firm, which makes chips for other companies, said November revenue totaled 222.71 billion new Taiwan dollars ($7.27 billion), a 50.2% year-over-year rise.…

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TSMC to up Arizona investment to $40 billion with second semiconductor chip plant

US President Joe Biden arrives to speak on rebuilding US manufacturing through the CHIPS and Science Act at the groundbreaking of the new Intel semiconductor manufacturing facility near New Albany, Ohio, on September 9, 2022. Saul Loeb | AFP | Getty Images President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing Co. on Tuesday to announce the opening of a second chip plant in Arizona, raising the company’s investment in the state from $12 billion to $40 billion. The company will also announce it will be producing more…

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Tech’s reality check: How the industry lost $7.4 trillion in one year

Pedestrians walk past the NASDAQ MarketSite in New York’s Times Square. Eric Thayer | Reuters It seems like an eternity ago, but it’s just been a year. At this time in 2021, the Nasdaq Composite had just peaked, doubling since the early days of the pandemic. Rivian’s blockbuster IPO was the latest in a record year for new issues. Hiring was booming and tech employees were frolicking in the high value of their stock options. Twelve months later, the landscape is markedly different. Not one of the 15 most valuable…

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How AMD became a chip giant and leapfrogged Intel after years of playing catch-up

Advanced Micro Devices made history this year when it surpassed Intel by market cap for the first time ever. Intel has long held the lead in the market for computer processors, but AMD’s ascent results from the company branching out into entirely new sectors. In one of the biggest semiconductor acquisitions in history, AMD purchased adaptive chip company Xilinx in February for $49 billion. Now, AMD chips are in two Tesla models, NASA’s Mars Perseverance land rover, 5G cell towers and the world’s fastest supercomputer.  “AMD is beating Intel on…

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Stocks making the biggest moves midday: Walmart, Taiwan Semiconductor, Netflix, Carnival and more

Bing Guan | Bloomberg | Getty Images Check out the companies making the biggest moves midday. Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street’s expectations and raising its forward guidance. The company reported adjusted earnings per share of $1.50 on $152.81 billion in revenue, where analysts expected adjusted earnings per share of $1.32 and $147.75 billion in revenue, per Refinitiv. Retail stocks — Retail stocks rose following Walmart and Home Depot‘s stronger-than-expected financial reports for the third quarter. Home Depot…

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Stocks making the biggest moves after hours: Taiwan Semiconductor, Paramount Global and more

The entrance of Paramount Studios is seen at Paramount Studios in Hollywood, California. Mark Davis | Getty Images Check out the companies making headlines in after-hours trading. Taiwan Semiconductor Manufacturing — Shares of Taiwan Semiconductor jumped 6.4% after Warren Buffett’s Berkshire Hathaway said it now has a $4.1 billion stake in the company. It’s a new position for Buffett’s firm. Paramount Global — Shares of Paramount Global gained 3.4% in after-hours trading after Warren Buffett‘s Berkshire Hathaway disclosed that it increased its holding in the company to $1.7 billion in…

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