Chinese chip maker Semiconductor Manufacturing International Corp on Friday reported a 42% jump in second-quarter revenue but also said the sector was facing some "panic and uncertainty". A slowdown in demand for smartphones in particular has driven down prices for certain chips, co-CEO Zhao Haijun told investors on an earnings call.
Japan's Nikkei fell on Wednesday, dragged down by chip-related shares after Micron Technology (MU) led U.S. tech heavyweights lower overnight, while investors awaited U.S. inflation data that could influence the Federal Reserve's tightening path.
- Micron Technology (MU) cut its current-quarter revenue forecast on Tuesday and warned of a negative free cash flow in the coming three months as customer inventories pile up amid waning demand for chips used in PCs and smartphones. The dismal forecast comes a day after Nvidia warned of weakness in its gaming business, accentuating fears of the first chip industry downturn since 2019.
MERCK KGAA: * MERCK KGAA, DARMSTADT, GERMANY AND MICRON JOIN FORCES FOR MORE SUSTAINABLE GAS SOLUTIONS IN SEMICONDUCTOR INDUSTRY. * PARTNERSHIP TO DEVELOP GAS SOLUTIONS WITH A LOW GLOBAL WARMING POTENTIAL USED IN PRODUCTION OF SEMICONDUCTORS Source text for Eikon: Further company coverage:
Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to benefit from a global shortage of semiconductors. The Munich-based company's revenue grew to 3.62 billion euros in the third quarter, exceeding the 3.42 billion euros expected in a poll of 20 analysts by Vara Research.
Semiconductor stocks fell globally on Tuesday as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing. China views the visit by Pelosi, a long-time critic of Beijing, as sending an encouraging signal to the pro-independence camp in Taiwan and has repeatedly warned against it.
Genasys Inc. (GNSS), the global leader in critical communications systems and solutions, today announced the appointment of Dennis Walsh as the Companys Chief Revenue Officer.
-Semiconductor stocks fell globally on Tuesday as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing. China views the visit by Pelosi, a long-time critic of Beijing, as sending an encouraging signal to the pro-independence camp in Taiwan and has repeatedly warned against it.
Semiconductor stocks fell globally on Tuesday as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan, which China claims as its territory, fueled a fresh escalation in tensions between Washington and Beijing.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required