INTC May 2024 38.500 put
| Previous close | 6.72 |
| Open | 7.55 |
| Bid | 6.45 |
| Ask | 8.60 |
| Strike | 38.50 |
| Expiry date | 2024-05-03 |
| Day's range | 6.35 - 7.55 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
US chip output to see massive growth by 2032: Industry leader
The Semiconductor Industry Association (SIA) projects the United States' manufacturing capacity for semiconductors to increase by more than three-fold by 2032. The Biden administration sought to expand domestic chip productions via the CHIPS Act by awarding grants to chipmakers Intel (INTC), Taiwan Semiconductor Manufacturing Company (TSM), and Samsung (005930.KS) in recent months. SIA CEO and President John Neuffer joins Yahoo Finance's Akiko Fujita to review the expected growth for chip fabrication and foundry businesses through the CHIPS Act investments into the private sector. "It took us decades to get to this point," Neuffer discloses. "The two big numbers that I find most interesting coming out of this report are what would our global manufacturing footprint be without the CHIPS Act and would've fallen to 8%. With the CHIPS Act, it's at 14%. That's nearly the double the positive result. So... it's gonna take us years to kind of climb back. But with the CHIPS Act and with all these private sector investments, we absolutely turned the corner and are heading now in, in the right direction." Neuffer broadly estimates that without the invigoration of the CHIPS Act, the US would be producing next to zero of the world's chips in that 2032 timeframe: "With the CHIPS Act... we'll be manufacturing 28% of those chips. So that, that's the kind of fundamental shift in terrain." Turning his attention to China's own semiconductor infrastructure, Neuffer characterizes the nation's chip industry as "very focused" in its output of legacy chips. But finds that China's lean into manufacturing will create an "over capacity" of chips that could lead to several down cycles for American chip makers. Some global officials have stood by their view that China's manufacturing push, driving global competition in areas such as chips and electric vehicles (EV), isn't going to "fix the challenge" in its economy brought on by deflating consumer sentiment. Catch more of Yahoo Finance's coverage at the 2024 Milken Institute Global Conference. This post was written by Luke Carberry Mogan.
ReutersIntel flags revenue hit as U.S. revokes certain export licenses to Chinese customer
Intel did not disclose the name of the Chinese customer in its filing with the Securities and Exchange Commission. Reuters had reported on Tuesday the U.S. has revoked licenses that allowed companies, including Intel and Qualcomm, to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies. Intel said it still expects revenue for the second quarter to remain in the range of $12.5 billion to $13.5 billion, but below the midpoint.
BloombergUS Revokes Intel, Qualcomm Licenses to Sell Chips to Huawei
(Bloomberg) -- The US has revoked licenses allowing Huawei Technologies Co. to buy semiconductors from Qualcomm Inc. and Intel Corp., according to people familiar with the matter, further tightening export restrictions against the Chinese telecom equipment maker.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Expos
