US-Asia semiconductor alliances could hold back China

Leading chip-producing countries, including the US, are forming alliances, in part to secure their semiconductor supply chains and to prevent China from reaching the forefront of the industry, analysts told CNBC. Places such as the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have sought to forge partnerships around the critical … Read more

China needs Taiwan’s biggest chipmaker – more than the other way around

Taiwan is home to more than 90% of the manufacturing capacity for the world’s most advanced semiconductors, according to a 2021 Boston Consulting Group report. Pictured here is a TSMC building in Taiwan on April 8, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — When it comes to semiconductors, China needs Taiwan more than … Read more

Taiwan’s trade with China is much larger than its trade with the US

Aerial view of shipping containers at the port in Keelung, Taiwan. Data shows that Taiwan is more dependent on China than the US for trade Sam Yeh | Afp | Getty Images BEIJING — Data shows that Taiwan is more dependent on China than the US for trade, even as House Speaker Nancy Pelosi threw … Read more

Taiwan’s trade with China is much larger than its trade with the US

Aerial view of shipping containers at the port in Keelung, Taiwan. Data shows that Taiwan is more dependent on China than the US for trade Sam Yeh | Afp | Getty Images BEIJING — Data shows that Taiwan is more dependent on China than the US for trade, even as House Speaker Nancy Pelosi threw … Read more

Why Mark Mobius thinks US equities haven’t bottomed yet — and where he sees opportunities in emerging markets

The US markets have created a lot of excitement this year to keep investors on their toes. But as bad as US and European equities have performed since the start of 2022, emerging market equities have underperformed. But as the US dollar pulled back from its highs in decades last month, investors, including Allianz’s Mohammad … Read more

Pelosi Taiwan visit puts TSMC back in the spotlight of US-China rivalry

Taiwan Semiconductor Manufacturing Company (TSMC) is the largest contract chip maker in the world. But it has found itself in the midst of geopolitical tensions between the US and China. logo displayed on the screen. Rafael Henrique | Sopa images | Light rocket | Getty Images US House Speaker Nancy Pelosi may have left Taiwan, … Read more

Stock selection on peak inflation, recession, earnings cuts: Jefferies

A slowdown could be on the horizon and analysts are forecasting more earnings cuts. Taking into account a possible spike in inflation, and that mix of factors could favor a particular class of stock. Sky-high inflation has supported the US Federal Reserve’s aggressive tendency, Jefferies said in a July 29 investigative report. But a recent … Read more

Stock futures fall after first trading day in August

Oil giant BP raises dividend as quarterly profits soar on high commodity prices British oil giant BP raised its dividend on Tuesday as it posted record profits in the second quarter, benefiting from a surge in commodity prices. Underlying replacement cost gain in the second quarter, used as a proxy for net income, came in … Read more

Global chip shortage continues amid inflation, rising tariffs and war: IDC

The global chip shortage will continue and consumers will have to pay for it, according to an analyst with the International Data Corporation. Sasirin Country | Istock | Getty Images The global chip shortage is not over and the war in Ukraine continues to put pressure on supplies of key parts, an analyst told CNBC … Read more

China GDP, Industrial Production, Retail Sales

SINGAPORE – Chinese markets fell as Asian stocks fell Friday ahead of Chinese data, including GDP and retail sales. The Shanghai Composite lost 0.48%, while the Shenzhen Component was slightly lower. In Australia, the S&P/ASX 200 fell 1.44%. South Korea’s Kospi gave up its first gains, falling 0.64% and the Kosdaq losing 0.94%. Japan’s Nikkei … Read more