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Transmission: Semiconductor Shortage Sweeps Auto Industry, Halting Production
Tuesday, January 12, 2021 - 12:30pm | 2185Read More...Another work week, another edition of Transmission. Here's what I got cookin' for you today: Chip shortage adding to already low inventory volumes A changing landscape: the rise of consumer tech giants among traditional automakers Industry News Est. read: 4 minutes Chip shortage adding to...
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Automakers Cut 2021 Production Targets In Wake Of Chip Supply Shortage: WSJ
Monday, January 11, 2021 - 2:31am | 419Read More...The automobile sector in the U.S. is bracing up for a drop in output due to a shortage in the supply of chips, reports the Wall Street Journal. In addition to the semiconductor shortage, automakers are also witnessing setbacks like high absenteeism and shipping woes. The WSJ noted that many of the...
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Strong iPhone Demand Helps Taiwan Semiconductor Clock Record Quarterly Revenue: Bloomberg
Friday, January 8, 2021 - 7:19am | 503Read More...Taiwan Semiconductor Manufacturing Company Limited’s (NYSE: TSM) revenues for the fourth quarter of 2020 could be close to NT$361.5 billion (roughly $12.92 billion), claims Bloomberg based on the December sales report. What Happened: Bloomberg’s sales estimates...
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Achronix Semiconductor In Talks For $2B SPAC Merger Deal: Report
Wednesday, January 6, 2021 - 3:07am | 288Read More...Santa Clara-based Achronix Semiconductor Corp. is discussing a potential merger with special purpose acquisition company ACE Convergence Acquisition Corp (NASDAQ: ACEV), reports Bloomberg. What Happened: The blank check company has initiated talks with investors to raise capital for the...
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Will Nvidia Or Micron Stock Grow More By 2022?
Tuesday, December 29, 2020 - 12:11pm | 510Read More...Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 500 Benzinga investors on whether shares of Nvidia Corporation (NASDAQ: NVDA) or Micron...
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Indie Semiconductor SPAC: What Investors Should Know About The Autonomous Vehicle Play
Tuesday, December 15, 2020 - 2:07pm | 545Read More...A leading pure-play provider of semiconductor and software solutions for automotive companies is going public via a special purpose acquisition company deal. The SPAC Deal: Indie Semiconductor is going public via the SPAC Thunder Bridge Acquisition II (NASDAQ: THBR). The deal values the...
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Option Trader Bets $1.3M On AMD As Stock Approaches All-Time High
Monday, December 14, 2020 - 3:06pm | 837Read More...Advanced Micro Devices, Inc. (NASDAQ: AMD) continues to gain market share from competitor Intel Corporation (NASDAQ: INTC), and its share price is marching to new highs. A flurry of large AMD option trades were mostly bullish on Monday as investors hope a massive gaming upgrade cycle will push the...
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KeyBanc Makes Bull Case For ON Semiconductors As New CEO Takes Over
Tuesday, December 8, 2020 - 11:05am | 239Read More...Hassane El-Khoury has assumed office as ON Semiconductor Corp’s (NASDAQ: ON) next CEO, and his experience makes him well-suited to lead the company, according to KeyBanc Capital Markets. The ON Semiconductor Analyst: John Vinh upgraded ON Semiconductor from Sector Weight to Overweight with an...
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Apple Supplier Taiwan Semiconductor Wins Phoenix City's Support For $12B Plant
Thursday, November 19, 2020 - 7:47am | 521Read More...Phoenix City authorities have agreed to support Apple Inc's (NASDAQ: AAPL) chip-supplier, Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM), setting up a $12 billion chip manufacturing plant. In Wednesday's notice, the City Council authorized financing...
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Jim Cramer Is Bullish On Three Semiconductor Stocks
Wednesday, November 18, 2020 - 6:03am | 673Read More...CNBC’s “Mad Money” host Jim Cramer, on Tuesday, expressed his bullish views on Lam Research Corporation (NASDAQ: LRCX), KLA Corp (NASDAQ: KLAC), and Applied Materials, Inc (NASDAQ: AMAT), based on technical analysis from Bob...
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Goldman's Semiconductor Pair Trade: Buy AMD, Sell Intel
Wednesday, November 4, 2020 - 10:43am | 393Read More...Advanced Micro Devices, Inc. (NASDAQ: AMD) offers a compelling buying opportunity even as rival Intel Corporation (NASDAQ: INTC) remains a Sell, a Goldman Sachs analyst said Wednesday. The AMD, Intel Analyst: Analyst Toshiya Hari upgraded AMD from Neutral to Bu, and added the shares to...
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Marvell Confirms Merger With Chipmaker Inphi To Create $40B Entity
Friday, October 30, 2020 - 12:55am | 310Read More...Marvell Technology Group Ltd (NASDAQ: MRVL) on Thursday confirmed its acquisition of semiconductor manufacturer Inphi Corporation (NASDAQ: IPHI). What Happened: The two companies will create a combined entity — with a $40 billion enterprise valuation — where Marvell will hold...
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Nvidia CEO Says Paying 'An Arm And A Leg' For Rival Chipmaker Arm Is Well Worth It
Thursday, October 29, 2020 - 2:40am | 460Read More...Nvidia Corporation (NASDAQ: NVDA) CEO Jensen Huang said Wednesday that while the company's acquisition of rival British chipmaker Arm Ltd. was pricey, the latter's network of customers makes it well worth the cost, Reuters reports. What Happened: Huan made the remark, addressing...
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Semiconductor Firm Allegro MicroSystems Raises $350M In IPO
Thursday, October 29, 2020 - 12:56am | 470Read More...Allegro MicroSystems, Inc (NASDAQ: ALGM) priced 25 million shares at $14 a piece in its initial public offering on Thursday. What Happened: The semiconductor firm is poised to get proceeds of $350 million in the IPO. Barclays plc (NYSE: BCS), Credit Suisse Group AG (NYSE: CS), and Wells Fargo...
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Chip Merger-Frenzy Continued: Marvell Said To Be Nearing $10B Purchase Of Inphi
Thursday, October 29, 2020 - 12:18am | 364Read More...Semiconductor company Marvell Technology Group Ltd's (NASDAQ: MRVL) talks to acquire chipmaker Inphi Corporation (NASDAQ: IPHI) for $10 billion are nearing a conclusion, according to Bloomberg. What Happened: Of the total purchase consideration, 60% would be settled through stocks and the...
