micron
Washington (AFP) - Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday. The award, to be announced by President Joe Biden as he travels to Syracuse, New York, is the latest in a series of efforts by Washington to bring semiconductor production back to the country. The United States has been working to ensure its lead in the chip industry, especially with regards to the development of artificial intelligence -- both on national security grounds and in the face of competition with...
AFP
Washington (AFP) - US chip giant Micron will invest $800 million in a chip factory in India, a US official said Thursday during a visit by Prime Minister Narendra Modi. The assembly and testing factory, which will total $2.75 billion after Indian investment, will help "build a semiconductor ecosystem that promotes supply chain diversification," the official told reporters, in a reference to US efforts to prevent China from dominating high-end technology.
AFP
Key PointsNew rounds of international investment have been rolled out in the semiconductor and chip manufacturing sector, with Intel and Micron announcing their latest figures.Micron is ready to deploy nearly $2 billion into a single area by choosing a region with significant tailwinds and undergoing the current fiscal stimulus.Analysts may need to pay more attention to the true potential in the stock, as Micron reported lackluster quarterly results. However, these valuation multiples may be a replay behind NVIDIA’s rise as broader investor votes weigh into a potential rally.5 stocks we like b...
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Beijing (AFP) - US chipmaker Micron said Friday it would invest more than $600 million in a packing and testing factory in northern China, less than a month after Beijing banned its chips from critical infrastructure projects. In a WeChat statement, the firm said it would invest more than 4.3 billion yuan ($605 million) over the next few years in its plant in the city of Xi'an to acquire equipment and add a new factory at the facility. China's cybersecurity watchdog last month said Micron had failed a national security review, telling operators of "critical information infrastructure" to stop ...
AFP
Tokyo (AFP) - Micron said Thursday it will invest $3.6 billion to produce next-generation semiconductors in Japan, after Prime Minister Fumio Kishida held talks with some of the world's biggest chipmakers. Kishida is trying to boost the domestic chip industry, after the weaknesses in global semiconductor supply chains were exposed by developments including the pandemic and the ongoing US-China tussle over advanced tech. Attendees at the Kishida meeting on Thursday included senior executives from Taiwan's TSMC, South Korean giant Samsung, and US titans Intel, Micron and IBM. "Micron expects to ...
AFP
New York (AFP) - Micron announced Tuesday it will invest up to $100 billion to build semiconductors in New York state, capitalizing on US policies to boost domestic manufacturing of key goods. The chip giant, which is based in the western state of Idaho, said it plans to begin construction in 2024 on a project expected to be executed over two decades. New York state is providing $5.5 billion in state incentives over the life of the build-out and the project also expects to utilize tax credits under the Chips Act signed into law by President Biden in August, said a Micron news release. At an e...
AFP
New York (AFP) - Semiconductor giant Micron announced Thursday it will invest $15 billion over the next decade to expand its operations in the US state of Idaho to build memory capacity for automotive and other sectors. The plan, part of a Micron global investment strategy to invest $150 billion, will create 17,000 new jobs, the Boise, Idaho-based company said. The initiative, which Micron called the "largest private investment ever made in Idaho," follows a Micron pledge last month to spend $40 billion in "leading-edge memory manufacturing" in the United States. The project will tap into stat...
AFP
OANDA – Stocks bounce back, Biden briefing, Nike and Micron crush earnings, Oil rallies, Gold drifts, Bitcoin recovers Q3 2021 hedge fund letters, conferences and more US stocks rebounded on hopes that Biden’s $2 trillion economic agenda could still get done in January. Investors want to be optimistic leading up to the holidays and lawmakers on Capitol Hill will not want to be painted the villain, so all the rhetoric will likely be upbeat for the rest of the week. Before President Biden’s speech, it was reported that 500 million tests could be sent for free to Americans that want them. To assi...
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New York (AFP) - US semiconductor company Micron announced plans Wednesday to invest $150 billion over the next decade on manufacturing and research, including potential production capacity in its home country. The announcement comes as a global chip shortage is challenging American firms. "Memory is at the leading edge of semiconductor manufacturing and fuels everything from feature-rich 5G smartphones to the AI-enabled cloud," Micron Chief Executive Sanjay Mehrotra said in a news release. Memory and storage represent 30 percent of the semiconductor market, Micron said. Micron already has som...
AFP
Despite low smartphone sales, Samsung Electronics Co Ltd (KRX:005930) expects a 53% increase in Q2 operating profit, surpassing market estimates. Should predictions be fulfilled by the end of July, it would be its biggest second-quarter profit since 2018. [soros] Q2 2021 hedge fund letters, conferences and more Samsung wants to become the world’s largest chip manufacturerThe outcome anticipated by the Korean giant is up 33% from its Q1 results and is rooted in consumers’ and data centers’ sky-high demand for chips that has drained supply chain capacity during the pandemic. According to Reuters...
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