Tag: TSMC

TSMC bulls ignore Warren Buffett’s warning for bet on coming artificial intelligence age
18Mar By adminNo Comments
Technology

TSMC bulls ignore Warren Buffett’s warning for bet on coming artificial intelligence age

[ad_1] (Bloomberg) -- The frenzy over artificial intelligence is trumping geopolitical concerns over Taiwan Semiconductor Manufacturing Co., with its record stock rally powering ahead. Foreign investors have boosted ownership of the stock to a two-year high, backing claims by TSMC that AI will be its biggest growth driver this year. The company has more than a 90% share in manufacturing advanced semiconductors used for AI, according to Pictet Asset Management. The turnaround last year — the stock had plunged 27% in 2022 — came after Warren Buffett sold his $5 billion TSMC holdings, citing geopolitical tensions as the reason given its location. Adding to the concerns, the self-governing island elected a US-friendly president Lai Ching-te, putting in power a man Beijing has described as a...
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Joe Biden set to rain subsidy windfall on Samsung, Intel, TSMC and others, for chips: Report
28Jan By adminNo Comments
Technology

Joe Biden set to rain subsidy windfall on Samsung, Intel, TSMC and others, for chips: Report

[ad_1] According to a Wall Street Journal report, US President Joe Biden will soon announce subsidies top semiconductor companies like Samsung, Intel, TSMC (Taiwan Semiconductor Manufacturing Co) and others to make advanced chips in the US. The strategy is to keep the US and its allies as ahead of fierce rivals like China as is possible. The windfall is expected to be in the billions of dollars and it will be announced in coming weeks and this will be to help them build new factories in the U.S. The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations. The announcement is expected to come before President Biden'...
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5 things about AI you may have missed today: AI chip shortage, AI-driven attacks on ethical hackers, more
25Jan By adminNo Comments
Technology

5 things about AI you may have missed today: AI chip shortage, AI-driven attacks on ethical hackers, more

[ad_1] Nvidia and TSMC CEOs strategize amid global AI chip shortage; 83% of ethical hackers confront AI-driven attacks in evolving cybersecurity landscape; Pega launches enterprise-grade gen AI assistant; AI-generated avatar of actor Mammootty to star in upcoming Malayalam film- this and more in our daily roundup. Let us take a look.1. Nvidia and TSMC CEOs strategize amid global AI chip shortageNvidia CEO Jensen Huang met with TSMC CEO C.C. Wei in Taipei to address global AI chip supply constraints, a critical issue for the AI industry's growth in 2023. The discussion focused on TSMC's role in producing Nvidia chips for generative AI training systems. Amid US restrictions on chip shipments to China, Huang emphasised Taiwan's pivotal role in Nvidia's business and the semiconductor sector...
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Samsung Electronics Delays Production at New Texas Factory to 2025, SE Daily Says
26Dec By adminNo Comments
Technology

Samsung Electronics Delays Production at New Texas Factory to 2025, SE Daily Says

[ad_1] Samsung Electronics Co. has delayed mass production plans at its new chip plant in Taylor, Texas, the Seoul Economic Daily said, potentially dealing another blow to the Biden administration's ambition to increase domestic semiconductor supplies. teMass production at the upcoming $17 billion fab would begin in 2025, the newspaper reported, citing a speech by President Choi Siyoung of Samsung's foundry business at an industry event in San Francisco.  Samsung previously said the factory would start production in the second half of 2024 when it announced the investment in 2021. A spokesperson said the company cannot confirm the mass production schedule right now.  The report followed an earlier decision by Samsung's bigger rival Taiwan Semiconductor Manufacturing Co. to postpone prod...
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Samsung to Extend Output Cuts While Awaiting AI-Powered Recovery
28Jul By adminNo Comments
Technology

Samsung to Extend Output Cuts While Awaiting AI-Powered Recovery

[ad_1] Samsung Electronics Co. pledged to keep cutting memory chip production while forecasting a rebound in sales in the second half of the year, as AI demand helps global tech spending climb out of a post-Covid funk.Samsung, which on Thursday reported better-than-expected net income, said artificial intelligence will provide a boost to memory demand before the year's end. Korea's largest company plans to double its capacity to make high-bandwidth memory (HBM), a next-generation technique used to help train AI, by 2024. That outlook and commitment toward developing the new technology went down well with investors who sent its shares 2.7% higher in Seoul. The focus now is on a race with SK Hynix Inc. to develop tools vital to AI, allowing the world's two largest memory chipmakers to cap...
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Warren Buffett’s TSMC Selloff Backs Apple Over Its Supplier
17Feb By adminNo Comments
Technology

Warren Buffett’s TSMC Selloff Backs Apple Over Its Supplier

[ad_1] Just months after disclosing a huge stake in Taiwan Semiconductor Manufacturing Co., Warren Buffett's Berkshire Hathaway Inc. reported dumping almost all of it. In doing so, the world's most famous investor may have left more than $1 billion in profit on the table while revealing even he may not be immune to macroeconomic jitters. Berkshire held 60.06 million American depositary receipts in the world's biggest chip manufacturer at the end of September, worth $4.12 billion at the time, according to an exchange filing. By the end of the year, those holdings fell to 8.3 million. Berkshire hasn't disclosed the prices it paid or received for these shares, but a quick look at TSMC's stock price chart shows that the timing was unfortunate: Shares climbed 29% to hit a 10-month high e...
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TSMC Starts Next-Gen Mass Production as World Fights Over Chips
30Dec By adminNo Comments
Technology

TSMC Starts Next-Gen Mass Production as World Fights Over Chips

[ad_1] Taiwan Semiconductor Manufacturing Co. kicked off mass production of next-generation chips Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. Taiwan Semiconductor Manufacturing Co. kicked off mass production of next-generation chips Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc. began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung Electronics Co. in gearing up on production of a technology that's expected to control the next lineup of cutting-edge devices from iPhones to internet servers to supercomputers...
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Apple CEO Cook Confirms Made-in-US Chips Push at Arizona Plant
7Dec By adminNo Comments
Technology

Apple CEO Cook Confirms Made-in-US Chips Push at Arizona Plant

[ad_1] Apple Inc. Chief Executive Officer Tim Cook said Apple will build chips in the US for the first time in nearly a decade, a key step in reducing its reliance on Asia-based manufacturing. Apple Inc. Chief Executive Officer Tim Cook said Apple will build chips in the US for the first time in nearly a decade, a key step in reducing its reliance on Asia-based manufacturing. Cook spoke Tuesday alongside President Joe Biden and executives from chip companies at the site of a Taiwan Semiconductor Manufacturing Co. plant under construction in Phoenix. Cook said Apple will expand its relationship with TSMC, which already produces chips for the iPhone maker, when the US factory opens in 2024. “As many of you know, we work with TSMC to manufacture the chips that help power our product...
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Samsung Electronics says Q3 operating profit down 31% on-year
27Oct By adminNo Comments
Technology

Samsung Electronics says Q3 operating profit down 31% on-year

[ad_1] South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent year on year after a global economic downturn hit demand for consumer electronics. South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent year on year after a global economic downturn hit demand for consumer electronics.Earnings in its crucial memory chips division dropped, the company said in a statement, adding that "demand for consumer products remained weak". Operating profit for July to September 2022 fell to 10 trillion won ($7 billion), down from 15.8 trillion won for the same period last year, the company said. The results were released the same day the company announced de facto leader...
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Chipmaker TSMC’s sales buck estimates, competition slowdown
7Oct By adminNo Comments
Technology

Chipmaker TSMC’s sales buck estimates, competition slowdown

[ad_1] Taiwanese semiconductor giant TSMC posted better-than-expected third-quarter profits on Friday as rivals warn that demand for consumer electronics is being hit by the global economic downturn. Taiwan Semiconductor Manufacturing Company operates the world's largest silicon wafer factories and produces some of the most advanced microchips used in everything from smartphones and cars to missiles. Revenue for September was approximately TW$208.25 billion ($6.6 billion), down 4.5 percent from the month before but an increase of 36 percent from September last year. Third-quarter revenue at the world's largest contract chipmaker also rose 48 percent on-year to about TW$613 billion ($19.4 billion), according to Bloomberg News calculations. TSMC's results came the same day bigges...
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