Stocks and dollar mixed, cryptos diverge
Monday, 10 May 2021, 21:24:47
The aftermath of Friday’s big nonfarm payroll miss saw modest follow-through for the deep cyclical names and banks, while the Nasdaq was dragged lower following a round of analysts’ downgrades. The Nasdaq didn’t stand a chance today following Citigroup’s downgrading of Alphabet and Facebook to neutral, along with Atlantic Equities rating cut of Intel to […]
AMD Is Firing On All Cylinders But Its Profitability Depends On Lean Operations
Thursday, 6 May 2021, 16:27:58
On April 27 th after market close, Advanced Micro Devices (NASDAQ: AMD ) posted a strong earnings report giving Intel (NASDAQ: INTC ) at least three reasons to worry. It managed to beat earnings and revenue while meeting gross margin expectations, its key metric. AMD's numerous product launches over the last several months are now paying major dividends for the company that is enjoying high demand, being a poster child for the current chip shortage. However, even after selling over 3.4 billion dollars' worth of chips during the first quarter, it's still not enough. Q1 Figures For the first quarter of 2021, AMD reported $3.45 billion in revenue, topping analyst estimates and rising 93% YoYcompared to last year's quarter where revenue amounted to only $1.79 billion and it was the company's best first quarter in a decade. The stunning jump was made thanks in large part to standout performance by the company's Enterprise, Embedded and Semi-Custom segment that includes server and embedded processor, semi-custom System-on-Chip (SoC), and game console technology development businesses.
Remote work, bitcoin miners, and overordering have led to a PC parts shortage that's driving up prices for everyday electronics — and likely to last into 2022
Wednesday, 5 May 2021, 15:46:14
Summary List Placement Supply shortages are nothing new in the tech industry, and we seem to go through the same issue every few years. But a beyond-perfect storm has added up to a significant supply shortage in the PC market that likely isn't going to clear up anytime soon. For consumers, there's no good outcome: At best it means waiting a long time to get parts or systems, at worst, paying a much higher price than you would have a year or two ago. In early 2020, factories across Asia shut down due to COVID-19. Wuhan, China, is known as a hub for the makers of LED panel displays , but other components came from elsewhere — semiconductors come primarily from Taiwan and Korea, for example. Then the disease spread and factories couldn't produce at full capacity — or anything at all. As the virus spread around the world, so did the components shortages, with factories in Japan, South Korea, Malaysia, the Philippines, and Indonesia unable to produce or ship parts. But while factories finally started reopening last summer, there's still a market shortage.
— Business Insider
Intel Earmarks $3.5B For Mexico Site Upgrade
Monday, 3 May 2021, 20:16:31
Intel Corp (NASDAQ: INTC ) plans to spend $3.5 billion for the up-gradation of a chip manufacturing plant in Rio Rancho, New Mexico, CNET reports . The Mexico spending and $20 billion earmarked for two new facilities in Arizona marked Intel’s U.S. chip manufacturing drive … Full story available on Benzinga.com
Intel Confirms $10B Spending On Israeli Chip Plant, Announces Additional $600M R&D Investment: Reuters
Monday, 3 May 2021, 20:13:41
Intel Corp (NASDAQ: INTC ) disclosed an additional investment plan of $600 million in Israel to expand its research and development (R&D). It also confirmed spending $10 billion on a new chip plant during CEO Pat Gelsinger’s one-day visit to the country, Reuters reports . The first phase of the plant construction has commenced. Intel will … Full story available on Benzinga.com
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