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Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
Reuters31d agoneutral
Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push

Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space ‌in the country and signaling plans to broaden its offerings in the future. The Samsung Galaxy ‌Card, issued by Barclays and running on Visa's network, will allow users to apply, manage accounts, track spending and redeem ​rewards entirely through Samsung Wallet. The credit card launch also puts Samsung in direct competition with Apple Pay, which dominates payment services in the U.S. The launch comes as technology companies and banks race ‌to deepen ties between digital wallets ⁠and financial products, seeking to make smartphones the primary device for payments and money management, and both Samsung and Barclays want to capitalize on it.

ASML to offer employees €20,000 retention bonus for staying in 2027-2030
Reuters31d agoneutral
ASML to offer employees €20,000 retention bonus for staying in 2027-2030

ASML, the largest maker of equipment used to ‌manufacture computer chips, intends to offer ‌employees a bonus worth €20,000 ($22,838.00) if they remain with ​the company between 2027 and 2030. The company confirmed the plan, first reported in Eindhovens Dagblad, on Monday in an emailed statement. ASML ‌said terms ⁠of the conditional stock grant from January 1, 2027 are still ⁠being finalized, but it would be offered to "all eligible employees."

Could AI chip boom make ASML Europe's first trillion-dollar firm?
Reuters32d agoneutral
Could AI chip boom make ASML Europe's first trillion-dollar firm?

The global artificial intelligence boom has propelled ASML to the top of Europe's stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to ‌make them. After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: could ASML become Europe's first ever trillion-dollar firm? Key ‌obstacles include doubts over how long Google, Amazon, and other hyperscalers will keep spending heavily on data centres, and whether ASML, its suppliers and customers such as TSMC and Samsung can execute expansion ​plans.

Analysis-Could AI chip boom make ASML Europe's first trillion-dollar firm?
Reuters32d agoneutral
Analysis-Could AI chip boom make ASML Europe's first trillion-dollar firm?

The global artificial intelligence boom has propelled ASML to the top of Europe's stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to ‌make them. After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: could ASML become Europe's first ever trillion-dollar firm? Key ‌obstacles include doubts over how long Google, Amazon, and other hyperscalers will keep spending heavily on data centres, and whether ASML, its suppliers and customers such as TSMC and Samsung can execute expansion ​plans.

Bloomberg33d agoneutral
Korea’s AI-Heavy Market Now Sets the Tone for Global Stocks

(Bloomberg) -- For fund managers in London, New York and Tokyo, a new ritual has emerged before trading gets underway: checking South Korean stocks.Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyChip Stocks Slide Into Bear Market in AI Unwind: Markets WrapTwo US Troops Killed, One Missing After Iran Strikes NeighborsOnce a periphe

Bloomberg34d agoneutral
ASML to Pay One-Time €20,000 Bonus to Staff as AI Propels Demand

(Bloomberg) -- ASML Holding NV will give employees globally a one-time €20,000 ($22,862) bonus, joining other firms in the chip industry to offer payouts as artificial intelligence demand fuels record sales. Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsChina’s Moonshot Unveils AI Model That Narrows Gap With US FirmsThailand Scraps P

Morning Bid: Chips and ships
Reuters34d agoneutral
Morning Bid: Chips and ships

By Anna Szymanski July 17 (Reuters) - From the Editor Hello Morning Bid readers! We can’t seem to get away from semiconductors and straits.

Micron signs deals with Qualcomm, others for AI-powered automobile chip components
Reuters35d agoneutral
Micron signs deals with Qualcomm, others for AI-powered automobile chip components

Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer ‌Qualcomm and audio products maker Harman, to secure ‌memory and storage components that powers AI-enabled vehicles. The agreements come as ​the industry races to expand manufacturing capacity to meet the booming demand for memory chips due to the rapid adoption of AI tools. These chips are used in data ‌centers, consumer electronics ⁠and vehicles, where they support AI-enabled features such as ADAS and digital cockpits.

US probes Samsung for alleged infringement of Netlist's memory-chip patents
Reuters35d agobearish
US probes Samsung for alleged infringement of Netlist's memory-chip patents

U.S. trade regulators have launched ‌a probe into ‌Samsung Electronics' memory chips and ​products sold by Google, Nvidia, Broadcom and Super Micro Computer that use ‌them ⁠after a complaint by Netlist alleging infringement ⁠of its patents. California-based Netlist has accused Samsung ​and its ​U.S. ​units of ‌infringing its patents on dynamic random access memory, a type of chip that temporarily stores data ‌for processors ​and is a ​critical ​component in the ‌servers powering the ​AI ​boom, the U.S. International Trade Commission (USITC) said ​on ‌Wednesday.

South Korea Cracks Down on Leveraged ETFs Amid Big Swings in Chip Stocks
The Wall Street Journal35d agoneutral
South Korea Cracks Down on Leveraged ETFs Amid Big Swings in Chip Stocks

The Financial Services Commission said today that it would suspend new listings of single-stock leveraged exchange-traded funds and triple the minimum deposit requirement to 30 million won, or about $20,285. Leveraged ETFs tied to individual companies have surged in popularity around the world as investors have become eager to supersize their returns on chip stocks and other hot trades. A 2x leveraged ETF tracking SK Hynix, for example, would rise 10% on a day when the stock climbs 5%.

Bloomberg36d agoneutral
ASML Mulls Price Hike for Chipmaking Tools, Information Says

(Bloomberg) -- ASML Holding NV plans to raise prices for its chipmaking equipment, setting up a potential clash with its biggest customer Taiwan Semiconductor Manufacturing Co., according to a report in the Information citing people familiar with the matter.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveBeckham’s IM8

Traders rush to place pre-IPO bets on Micron rival
TheStreet36d agoneutral
Traders rush to place pre-IPO bets on Micron rival

China's ChangXin Memory Technologies (CXMT) expects to raise at least $8.6 billion in an initial public offering (IPO) on Shanghai's STAR Market in ​what would be Asia's largest share sale so far this year. CXMT is China's leading manufacturer of dynamic random-access memory (DRAM) chips, ...

Explainer-What are leveraged ETFs and how are they driving the AI rally?
Reuters36d agobullish
Explainer-What are leveraged ETFs and how are they driving the AI rally?

Exchange-traded funds have been a fixture of financial markets since the 1990s as a popular low-cost way for investors to buy baskets of stocks and trade them like shares on a brokerage account. Leveraged ETFs, which promise to multiply ‌the daily returns of their targets, have been around for two decades and are now exploding in popularity, particularly around the AI theme and ‌some of the companies at the forefront of hardware sales. Single-stock leveraged ETFs, which launched in the U.S. in 2022, are booming in Asia as a way to juice bets on South Korean chipmakers ​Samsung Electronics and SK Hynix and are driving so much money they are reshaping the market, lifting volatility and worrying regulators.

Asia Equities Mostly Decline on AI Concerns
The Wall Street Journal36d agoneutral
Asia Equities Mostly Decline on AI Concerns

Asia-Pacific equities mostly declined, as a pullback in U.S. chip stocks fueled concerns about the longevity of artificial-intelligence enthusiasm and weighed on chip-heavy South Korea.

South Korea regulator to announce new measures on single-stock leveraged ETFs
Reuters36d agoneutral
South Korea regulator to announce new measures on single-stock leveraged ETFs

South Korea's top financial regulator will announce new measures on single-stock leveraged exchange-traded funds soon, its chief ‌said on Thursday, amid worries about the effects of such instruments on financial ‌market stability. The Financial Services Commission will "closely inspect and review improvement measures" on the ETFs soon, Chairman Lee Eog-weon said ​in a radio interview on Thursday, when asked how the product affected the high volatility of South Korea's stock market. In a separate move, South Korea's finance minister will hold a meeting on Thursday afternoon to discuss the marketss, the ministry said ⁠without elaborating further.

Bloomberg36d agoneutral
Global Investors Hunt For Creative Backdoors Into China’s Mega CXMT IPO

(Bloomberg) -- Global investors largely shut out of China’s biggest IPO in nearly four years are looking at creative proxy trades as a way to profit from the country’s fast-rising memory-chip leader. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeA Cocaine Bust

TSMC's second-quarter profit seen hitting record on AI boom
Reuters36d agobullish
TSMC's second-quarter profit seen hitting record on AI boom

TSMC, the world's largest manufacturer of advanced AI chips, is expected to ‌notch a fifth consecutive quarter of record earnings on Thursday, with a ‌59% surge in net profit for April-June, driven by booming global demand for AI infrastructure. Analysts ​said demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre and 2-nanometre process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong. TSMC is ⁠expected to report net profit of T$632.6 billion ($19.65 billion) for the second quarter, according to an LSEG SmartEstimate compiled from 18 analysts.

How crypto is already trading China's most anticipated AI chip IPO
Yahoo Finance Video36d agoneutralVIDEO
How crypto is already trading China's most anticipated AI chip IPO

Chinese chipmaker ChangXin Memory Technologies (CXMT) is preparing for an IPO. Scott Melker explains how the crypto market is already offering pre-IPO trading. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Is tech priced to perfection? S&P 8,000 & AI debate
Yahoo Finance Video37d agoneutralVIDEO
Is tech priced to perfection? S&P 8,000 & AI debate

Are we in an AI bubble or the next industrial revolution? Host Kenny Polcari discusses tech valuations, the likelihood of Fed rate cuts, and the path to S&P 8,000 with Opening Bell Media CEO Phil Rosen and StockBrokers.com Director of Investor Research Jessica Inskip.

Eyeing valuation jump, investors prep bids for chip giant CXMT's $8.6 billion IPO
Reuters37d agobullish
Eyeing valuation jump, investors prep bids for chip giant CXMT's $8.6 billion IPO

Chinese investors seeking shares in CXMT's $8.6 billion IPO are betting the Chinese chipmaker's valuation will soar as much as 10-fold after its Shanghai debut on the back of an AI-led upcycle and Beijing's ambition to be technologically self-sufficient. The share offering ‌by CXMT, or ChangXin Memory Technologies, will be Asia's biggest share sale so far this year. Wu Zhou, a fund manager at Shenzhen Deyuan Investment, said he will bid for new CXMT shares, betting that China's top memory chipmaker will ​one day take market share from global giants like South Korea's Samsung Electronics and SK Hynix.

Explainer-What is CXMT and how did it become China's DRAM champion?
Reuters37d agoneutral
Explainer-What is CXMT and how did it become China's DRAM champion?

China's ChangXin Memory Technologies (CXMT) expects to raise at least 57.9 billion yuan ($8.6 billion) this month in an initial public offering on Shanghai's Nasdaq-style STAR Market in what would be Asia's largest share sale so far this year. The offering, which could rise to ‌66.6 billion yuan if the over-allotment option is exercised, would mark a major milestone for a company that has grown to become China's leading maker ‌of DRAM memory chips and a symbol of Beijing's push toward technological self-reliance. Below are some facts about CXMT and why it is capturing investor attention.