Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …
Apple plans to start using American-made processors after opening a new state-of-the-art chip factory in Phoenix, Arizona. For factory customers, which also include AMD and NVIDIA, the new facility means more secure chip supply and faster production times. Chipmaker TSMC also said today that it will begin construction of a second factory in Phoenix next …
Tim Cook and President Biden came to Arizona to announce US-made chip plans Read More »
Dutch Prime Minister Mark Rutte speaks with US President Joe Biden. The United States pressured the Netherlands to block exports of high-tech semiconductor equipment to China. The Netherlands is home to ASML, one of the most important companies in the global semiconductor supply chain. Suzanne Walsh | AFP | Getty Images Washington has its sights …
My Top 10 Things to Watch Friday, December 2, 2022 1. US stock futures point to a weaker open as bond yields rise on stronger-than-expected job growth and wage inflation in November. Non-farm payrolls increased by 263,000. The country’s unemployment rate remains, as expected, at 3.7%. Average hourly earnings up 0.6% month-over-month and 5.1% year-over-year, …
The head of Europe’s second-biggest semiconductor equipment maker has warned that the United States is mounting pressure on its allies to ensure that the world’s major chip companies comply with Washington’s strict export controls on the China. Benjamin Loh, managing director of Dutch company ASM International, which develops equipment for the production of semiconductor wafers …
Dutch chip tool maker ASMI warns of escalating trade tensions Read More »
hong kong CNN Business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West about China’s potential control over critical infrastructure. Last week the new owner of Britain’s biggest chipmaker was ordered to reverse its takeover, just days after another chip factory sale …
The chip war between the United States and China spills over into Europe | CNN Business Read More »
