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Earnings Results: Cisco stock drops as higher costs amid chip shortage ding earnings outlook

Cisco Systems Inc. shares dropped in the extended session Wednesday as the company's earnings outlook fell short of Wall Street expectations because of higher costs from suppliers amid a global semiconductor shortage......»»

Category: topSource: marketwatchMay 19th, 2021

: Chip maker Alphawave tumbles on London debut after raising $1.2 billion in IPO

Shares in Canadian chip maker Alphawave fell as much as 20% on the company's trading debut in London, despite its IPO being viewed as well-timed amid the global semiconductor shortage......»»

Category: topSource: marketwatchMay 13th, 2021

Rental car companies are turning to used car auctions to regrow fleets amid a massive shortage sending prices skyrocketing

The global chip shortage is hindering rental-car companies from being able to quickly regrow fleets as demand continues to rise. A Hertz car rental location in New Jersey in May 2020. AP Photo/Ted Shaffrey, File There's a rental-car sho.....»»

Category: smallbizSource: nytMay 5th, 2021

Ford, Stellantis Announce Production Cuts Amid Chip Shortage

Due to the global semiconductor shortage, Ford will reduce production at its Ohio plant. And competitor Stellantis’ production will be halted at its Warren, Michigan, and Saltillo, Mexico, assembly plants. read more.....»»

Category: blogSource: benzingaMar 20th, 2021

Qualcomm chip supply reportedly tight

Qualcomm reportedly has extended the delivery lead times for its mobile chips as the global semiconductor supply chain remains under pressure amid tight capacity, according to industry sources......»»

Category: topSource: digitimesMar 4th, 2021

MarketWatch First Take: A crypto-influenced boom amid a chip shortage? Sounds familiar, but Nvidia says it ‘feels very different’

Amid another semiconductor shortage, combined with a mini boom for chips used in crypto mining, Nvidia Corp. believes it will be able to handle the competing demands of its data center customers, gamers, and crypto-miners......»»

Category: topSource: marketwatchFeb 25th, 2021

Taiwan"s TSMC to build Arizona chip plant as U.S.-China tech rivalry escalates

Taiwan Semiconductor Manufacturing Co Ltd , the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration's efforts to wrestle global tech supply chains back from China......»»

Category: topSource: reutersMay 15th, 2020

Intel sees lower quarterly profit on weaker global chip demand

Intel Corp forecast current-quarter profit below analysts' estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, sending the chipmaker's shares down 6% in extended trading......»»

Category: topSource: reutersApr 23rd, 2020

Global chip sales hampered as coronavirus spread in China

Global chip sales momentum stalled in February due a falloff in demand from China as the COVID-19 pandemic spread, according to the Semiconductor Industry Association late Friday. While worldwide February sales rose 5% to .....»»

Category: topSource: marketwatchApr 3rd, 2020

Global chip sales in hampered as coronavirus spread in China

Global chip sales momentum stalled in February due a falloff in demand from China as the COVID-19 pandemic spread, according to the Semiconductor Industry Association late Friday. While worldwide February sales rose 5% to .....»»

Category: topSource: marketwatchApr 3rd, 2020

Zoom Video lurches from boom to backlash amid privacy issues, ‘Zoom bombing’ attacks

For weeks, Zoom Video Communications Inc. basked in the glow of surging shares, enthusiastic research reports, and insatiable demand among consumers and enterprises......»»

Category: topSource: marketwatchApr 1st, 2020

Zoom Video lurches from boom to backlash amid privacy issues

For weeks, Zoom Video Communications Inc. basked in the glow of surging shares, enthusiastic research reports, and insatiable demand among consumers and enterprises......»»

Category: topSource: marketwatchApr 1st, 2020

Surging chip stocks propel S&P 500 and Nasdaq to records

The S&P 500 and Nasdaq hit record highs on Wednesday after reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings reports from Boeing and Caterpillar......»»

Category: topSource: reutersJul 24th, 2019

Surging chip stocks send Nasdaq to record high

The Nasdaq hit a record high on Wednesday and the S&P 500 was close behind as reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings reports from Boeing and Caterpillar......»»

Category: topSource: reutersJul 24th, 2019

S&P 500 hovers near record levels on chip rally

The benchmark S&P 500 index hovered near record levels on Wednesday as semiconductor stocks rallied on reassuring comments from Texas Instruments on global chip demand and blunted the impact of weak earnings from bellwethers Boeing and Caterpillar......»»

Category: topSource: reutersJul 24th, 2019

Wall Street mixed as chip rally counters dismal Caterpillar, Boeing earnings

U.S. indexes were off their session lows on Wednesday as a rally in semiconductor stocks on reassuring comments from Texas Instruments on global chip demand blunted the impact of weak earnings from bellwethers Boeing and Caterpillar......»»

Category: topSource: reutersJul 24th, 2019

Surging Fuel Demand Prompts Marathon Petroleum"s $23 Billion Deal

Marathon Petroleum’s $23 billion deal to buy rival Andeavor will create the largest American oil refiner amid a surge in oil prices and growing global demand for fuels......»»

Category: smallbizSource: wsjApr 30th, 2018

Global chip sales rise to quarterly record of $117.9 billion

Worldwide chip sales reached a record high in the second quarter, surging more than 20% from a year ago, the Semiconductor Industry Association said late Friday. In the second quarter, global sales rose 20.5% to $117.9 billion, or 6% se.....»»

Category: topSource: marketwatchAug 3rd, 2018

BHP boosts Australia nickel mining amid EV boom

Global miner BHP is ploughing more investment into nickel mine development and exploration in Western Australia, seeking to secure its own supply of a key material in batteries needed to meet booming demand for electric cars......»»

Category: videoSource: reutersAug 7th, 2018

Global chip sales rise to new records as demand appears to ease

Global sales of semiconductors continue to march to record highs even as growth has eased in recent months, the Semiconductor Industry Association reported late Friday. Sales o.....»»

Category: topSource: marketwatchOct 26th, 2018