Semiconductor market seen as ‘a den of bears’ due to recession, Taiwan invasion fears
Justin Sullivan/Getty Images News Investors looking at the semiconductor companies as a source of opportunity may want to think again, according to a new assessment of the sector by Citi analyst Christopher Danely. On Monday, Danely said the market for…
Semiconductor Watch List: Key Chip Ingredients At Risk in Ukraine Conflict
The benchmark PHLX Index (SOX) began the holiday-shortened week at 3,384 before sliding on Tuesday after Russian dictator Vladimir Putin ordered troops into Ukraine. “The alarming prospect of war on the European continent — in what would be the…
Intel pays $5.4 billion for Israeli chipmaker Tower Semiconductor, expanding foray into contract manufacturing
Intel confirmed Tuesday that it will pay $5.4 billion for an Israeli company that makes specialized computer chips for other businesses. The deal for Tower Semiconductor represents Intel’s biggest acquisition under CEO Pat Gelsinger and is the company’s…
Why Navitas Semiconductor Stock Jumped on Tuesday
What happened Shares of Navitas Semiconductor (NASDAQ:NVTS) surged higher on Tuesday. The stock rose as much as 23.1% and was up 15.6% as of 12:22 p.m. EDT. The tech stock’s gain follows news that the company is aiming to partner with smartphone…
TSM Stock: Taiwan Semiconductor Beats Q3 Earnings Target
Taiwan Semiconductor Manufacturing (TSM), the world’s largest chip foundry, on Thursday beat expectations for third-quarter earnings. It also guided higher for the current period. TSM stock rose on the news. X Taiwan Semi earned $1.08 per U.S.…
Semiconductor shortage pushes new car sales to lowest September this century
Last month was the worst September since 1998 for car sellers (Yui Mok/PA) (PA Archive) Last month was the worst September in more than two decades for the UK’s new car sellers as a global shortage of semiconductors pushed down supplies. New figures show…
Semiconductor ETF (SMH) Hits New 52-Week High
For investors seeking momentum, VanEck Vectors Semiconductor ETF SMH is probably on radar. The fund just hit a 52-week high and is up more than 72% from its 52-week low price of $96.00/share. But are more gains in store for this ETF? Let’s take a quick…
ASML, Taiwan Semiconductor Manufacturing Company and Limelight Networks
For Immediate Release Chicago, IL – July 22, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks…