Asian firms’ earnings outlook improves as chip sector shines
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) - A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region's semiconductor firms benefit from the boom in generative artificial intelligence. Also helped by
The chip shortage could change our world forever
Chip shortage: Who will win the chip challenge? The question is worth billions of dollars of investment for Europe and the U.S., engaged in a wild race to beat Chinese supremacy. The U.S. and E.U. have specifically channelled nearly $81
China’s SMIC vows to avoid chip price war, beats estimates on earnings
By Beijing newsroom BEIJING (Reuters) - China's Semiconductor Manufacturing International Corp said on Friday it will steer clear of a price war in the industry, and forecast current quarter sequential revenue growth of up to 15%. Co-CEO Zhao Haijun, who had warned
Samsung bullish on AI demand as profit soars on higher chip prices
By Joyce Lee and Heekyong Yang SEOUL (Reuters) - Samsung Electronics forecasted strong artificial intelligence-driven demand for chips in the second half of this year, as it reported a more than 15-fold rise in its second-quarter operating profit. Rebounding semiconductor prices stoked
Asia tech stocks skid on deepening Sino-US chip war
By Youn Ah Moon and Ankur Banerjee SINGAPORE (Reuters) - Chip stocks in Asia tumbled on Thursday, tracking a heavy selloff on Wall Street spurred by a news report that the United States was mulling tighter curbs on exports of advanced
South Korea plans to detail tax incentives, chip industry support
Βy Jihoon Lee SEOUL (Reuters) - South Korea's finance minister said authorities would put forward detailed tax incentives under corporate reforms aimed at boosting the value of listed companies after seeking more feedback from market participants in coming months. Minister Choi Sang-mok
Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad
By Stephen Nellis (Reuters) - Microsoft President Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools - a move that a senior Republican
South Korea announces $19 billion support package for chip industry
By Jack Kim and Heekyong Yang SEOUL (Reuters) - South Korea announced on Thursday a 26 trillion won ($19 billion) support package for the country's vital semiconductor industry, the country's presidential office said. Under the package, President Yoon Suk Yeol said the
South Korea prepares support package worth over $7 billion for chip industry
By Ju-min Park SEOUL (Reuters) - South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a