Quick Read China’s 50% domestic equipment mandate pressures AMAT’s $4.2B annual China revenue, while new domestic DUV systems directly threaten ASML’s installed base. CXMT could surpass MU in physical wafer capacity by 2030, sourcing between 40 and 50 percent of tools from domestic suppliers including ACMR rather than AMAT. Act now: the analyst who called…
What happened: Semiconductor stocks retreated on Friday. Memory and storage highfliers Micron Technology (MU) and Sandisk (SNDK) stocks dropped more than 2%, and Western Digital (WDC) fell more than 3%. Chipmakers, including Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), Intel (INTC), and Marvell (MRVL), also moved lower. Qualcomm (QCOM) retreated as well. Among semiconductor equipment makers,…
The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Baird upgraded Circle Internet (CRCL) to Outperform from Neutral with an unchanged price target of $110. Baird views Circle’s current…
By Siddarth S and Kanchana Chakravarty (Reuters) -Applied Materials (AMAT) shares slid 6% before the bell on Friday as the chip equipment maker forecast reduced spending in China next year due to stringent U.S. export curbs. The U.S. government has cracked down on foreign companies, especially from China, that use subsidiaries and affiliates to circumvent…
A bipartisan group of American lawmakers is pushing for a “dramatic” expansion of export controls on chip manufacturing equipment to China and alignment from US allies in restrictions, according to a report released on Tuesday. Their efforts come amid concern that US President Donald Trump is compromising national security in pursuit of a trade deal…
Technicians at an Applied Materials Inc. facility in Santa Clara, California. (Bloomberg) — Applied Materials Inc., the largest US maker of machinery used to manufacture semiconductors, said an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. Most Read from Bloomberg The US Commerce…