Nasdaq touches new highs, with momentum specifically in chip stocks. CNBC's Bertha Coombs reports.
*Considering various options including US chip firm deal: Renesas. TOKYO, Aug 22- Japan's Renesas Electronics Corp is in the final stages of negotiations to acquire U.S. chipmaker Intersil Corp for as much as 300 billion yen, an industry source familiar with the deal said on Monday. Intersil could not be reached for comment outside business hours in the United...
Applied Materials forecast current-quarter revenue and profit far above analysts' estimates.
Aug 18- Applied Materials Inc forecast current-quarter revenue and profit far above analysts' estimates as the company benefits from demand for newer technology to make displays and smartphone memory chips. Shares of the world's largest supplier of tools used to make semiconductors rose 5.7 percent to $29.25 in after-hours trading on Thursday.
Aug 18- Applied Materials Inc, the world's largest supplier of tools used to make semiconductors, reported a 13.3 percent rise in revenue, buoyed by demand from memory and smartphone chipmakers. The company's net income rose to $505 million, or 46 cents per share, in the third quarter ended July 31, from $329 million, or 27 cents per share, a year earlier.
Earnings are out for Applied Materials. CNBC's Seema Mody reports. CNBC senior markets commentator Mike Santoli and Stephanie Link, TIAA Global Asset Management, weigh in.
The "FMHR" traders discuss Cisco's quarterly earnings report and the semiconductor space.
The company said it expects to reinvest the cost savings from its restructuring plan into key priority areas.
TAIPEI, Aug 16- Taiwan stocks fell on Tuesday, in line with other Asian markets, hit by decline in shares of heavyweights such as Taiwan Semiconductor Manufacturing Co. TSMC, the world's top contract chipmaker and Taiwan's most heavily-weighted stock, was off 1.7 percent. The Taiwan dollar firmed T $0.117 to T $31.253 per U.S. dollar.
SEOUL, South Korea— In a story Aug. 10 about sick Samsung workers, The Associated Press reported erroneously that a compensation plan the company offered covers some of the workers' medical expenses. SEOUL, South Korea— As a high school senior, Hwang Yu- mi went to work bathing silicon wafers in chemicals at a Samsung factory that makes computer chips for laptops and...
TAIPEI, Aug 12- Taiwan stocks rose on Friday as market sentiment was bolstered by a rally on Wall Street overnight, with heavyweight Taiwan Semiconductor Manufacturing Co leading the gains. Hon Hai Precision Industry, the world's biggest electronics component maker, fell as much as 3.6 percent to a three-week intraday low after it said China had approved its...
TAIPEI, Aug 11- Taiwan stocks retreated from a more than one-year high on Thursday, as heavyweight TSMC, the world's biggest contract chipmaker, posted a 5.6 percent fall in July sales from a year earlier. As of 0312 GMT, the main TAIEX index was down 1.3 percent at 9,079.59, pulling back from its highest intraday level since July 2015 in the prior session.
Morgan Stanley recommends microcontroller semiconductor stocks to ride the "internet of things" trend.
TAIPEI, Aug 5- Taiwan stocks rose on Friday, in line with some other Asian markets, after the Bank of England launched a potent post-Brexit stimulus campaign, with TSMC leading technology shares higher. As of 0150 GMT, the main TAIEX index rose 0.77 percent, to 9,093.85, after closing at 9,024.71 in the previous session. The Taiwan dollar firmed T $0.039 to T $31.671...
TAIPEI, Aug 4- Taiwan stocks rose slightly in cautious trading on Thursday, paced by gains in tech heavyweights including Taiwan Semiconductor Manufacturing Co Ltd. As of 0332 GMT, the main TAIEX index was up 0.1 percent at 9,006.95, after closing 0.74 percent lower in the previous session. The Taiwan dollar firmed T $0.049 to T $31.701 per U.S. dollar.
Shares of Amkor Technology popped 15 percent on Tuesday as demand for Android phones boosted the semiconductor company's earnings.
TAIPEI, Aug 1- Taiwan stocks rose on Monday, with heavyweight TSMC leading technology shares higher. As of 0246 GMT, the main TAIEX index rose 0.8 percent to 9,056.85, outpacing some other regional bourses. The Taiwan dollar firmed T $0.15 to T $31.776 per U.S. dollar.
TAIPEI, July 29- Taiwan stocks fell on Friday as declines in other Asian markets dented investor sentiment, with technology and banks leading the fall. Japan's Nikkei slipped 0.4 percent and looked set for a 1.3 percent weekly drop, while China's Shanghai Composite Index was trading 0.3 percent lower. MSCI's broadest index of Asia-Pacific shares outside Japan...
TAIPEI, July 27- Taiwan stocks rose on Wednesday, led by gains in TSMC, Hon Hai Precision and other Apple Inc suppliers after the U.S. company sold more iPhones than expected in the third quarter. Hon Hai rose 0.7 percent and Largan Precision climbed 1.6 percent. The Taiwan dollar softened T $0.054 to T $32.160 per U.S. dollar.
Shares of Micron jumped 6 percent on Monday after the company filed a new shareholder rights plan.