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Amazon Says Amazon Web Services Announced Expanded Collaboration With NXP Semiconductors

BRIEF-Amazon Says Amazon Web Services Announced Expanded Collaboration With NXP Semiconductors Sept 19 (Reuters) - Amazon.com Inc AMZN.O : AMAZON: AMAZON WEB SERVICES ANNOUNCED EXPANDED COLLABORATION WITH NXP SEMICONDUCTORS Further company coverage: AMZN.O
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Analog Devices, Tata Group in talks to make semiconductors in India

Analog Devices, Tata Group in talks to make semiconductors in India BENGALURU, Sept 19 (Reuters) - Analog Devices (ADI) ADI.O and Indian salt-to-aviation conglomerate Tata Group have signed a pact to explore making semiconductor products in India, the U.S. chipmaker said on Wednesday. Tata Electronics, the electronics-manufacturing arm of the 156-year- old group , is investing a total of $14 billion to build India's first semiconductor fabrication facility in Gujarat state and a chip-assembly an
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US chipmakers rise after Fed rate cut

BUZZ-US chipmakers rise after Fed rate cut ** Shares of U.S. chipmakers rise after Federal Reserve cuts interest rates ** Shares of AI chip bellwether Nvidia NVDA.O up 1.3%, rival AMD AMD.O up 1% ** Fed cuts interest rates by half of a percentage point ** Rate cuts are expected to help allay some concerns over Big Tech pulling back on hefty AI inve
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NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts

UPDATE 1-NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts Adds Prime Minister Modi's quote in paragraph 6 By Arsheeya Bajwa NOIDA, Sept 11 (Reuters) - NXP Semiconductors NXPI.O will invest over $1 billion in India, doubling its research and development efforts, the Dutch company's CEO said on Wednesday, joining global names betting on a country looking to establish its presence in the industry.
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NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts

NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts By Arsheeya Bajwa NOIDA, Sept 11 (Reuters) - NXP Semiconductors NXPI.O will invest over $1 billion in India, doubling its research and development efforts, the Dutch company's CEO said on Wednesday, joining global names doubling down on a country looking to establish its presence in the industry.
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Semiconductor body calls for EU 'Chips Envoy', more support

CORRECTED-UPDATE 1-Semiconductor body calls for EU 'Chips Envoy', more support Corrects paragraphs 4 and 11. ASML is not an ESIA member By Toby Sterling AMSTERDAM, Sept 2 (Reuters) - Europe's main computer chip industry group ESIA called on the European Union on Monday to speed up aid, draw up a revamped "Chips Act 2.0" support package and name an envoy to champion the sector.
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European semiconductor industry group ESIA calls for 'Chips Act 2.0'

European semiconductor industry group ESIA calls for 'Chips Act 2.0' AMSTERDAM, Sept 2 (Reuters) - Europe's main computer chip industry group ESIA called on the European Union on Monday to roll out an "immediate Chips Act 2.0" to support the region's semiconductor industry. In a statement, the group said chip policy under the incoming EU Commission should feature fewer export restrictions, focus on areas where European companies already had advantages, and that aid should be awarded more quickly
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EU approves German state aid for $11 billion TSMC chip plant

UPDATE 2-EU approves German state aid for $11 billion TSMC chip plant EU approves 5 billion euros in aid for 10 billion euro project Plant will bring chipmaking giant TSMC to Europe for first time ESMC expected to supply chips for cars, industry Intel still awaits approval for advanced Germany plant Recasts paragraphs 1-3, new in paragraphs 7-8 and 11-18 By Hakan Ersen and Toby Sterling DRESDEN/BRUSSELS, Aug 20 (Reuters) - Taiwan's TSMC 2330.TW on Tuesday launched a major new computer chip plant
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Germany's Scholz paints nationalism as threat to industry at new chip plant

Germany's Scholz paints nationalism as threat to industry at new chip plant DRESDEN, Aug 20 (Reuters) - German Chancellor Olaf Scholz warned against nationalism in the country's east at the groundbreaking ceremony for a semiconductor plant in Dresden on Tuesday, warning that such resentment endangered investments in key future technologies. "We still need a pro-European Germany that's open to the world, instead of nationalism and resentment," Scholz said in a speech at the site of the 10-billion
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EU approves biggest grant yet under Chips Act for TSMC Germany plant

CORRECTED-UPDATE 2-EU approves biggest grant yet under Chips Act for TSMC Germany plant Corrects text and instrument codes in paragraph 5 to show Robert Bosch of Germany is a stakeholder, not Bosch Ltd. of India BRUSSELS, Aug 20 (Reuters) - The European Commission said on Tuesday it had approved 5 billion euros ($5.5 billion) in German state aid to support a new microchip plant in Dresden for the European Semiconductor Manufacturing Company (ESMC).
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EU approves 5 bln euro German aid for ESMC semiconductor plant in Dresden

CORRECTED-EU approves 5 bln euro German aid for ESMC semiconductor plant in Dresden Corrects text and instrument codes in paragraph 2 to show Robert Bosch of Germany is a stakeholder, not Bosch Ltd. of India BRUSSELS, Aug 20 (Reuters) - The European Commission said on Tuesday that it had approved a 5 billion euro ($5.5 billion) German state aid measure to support a new microchip manufacturing plant in Dresden for the European Semiconductor Manufacturing Company (ESMC).
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India's L&T Semiconductor to sign first clients by September, CEO says

India's L&T Semiconductor to sign first clients by September, CEO says By VarunVyas Hebbalalu BENGALURU, Aug 13 (Reuters) - India's L&T Semiconductor Technologies will sign contracts with six automobile companies by the end of September, making them its first clients, the company's chief executive said on Tuesday. The total value of the contracts is $150 million per year, CEO Sandeep Kumar told Reuters in an interview.
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Microchip Tech expects weak revenue as customers try to clear excess inventory

Microchip Tech expects weak revenue as customers try to clear excess inventory Aug 1 (Reuters) - Chipmaker Microchip Technology MCHP.O forecast second-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers yet to clear excess inventory stockpiled during the pandemic. Shares of the Chandler, Arizona-based company fell more than 5% in extended trading.
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Onsemi beats second-quarter results estimates on steady auto chip demand

Onsemi beats second-quarter results estimates on steady auto chip demand July 29 (Reuters) - Onsemi ON.O marginally beat Wall Street expectations for second-quarter revenue and profit on Monday, helped by resilient demand for its automotive chips in an uncertain market, sending its shares up 10% in premarket trading. After a long period of weak demand for automotive semiconductors, carmakers are clearing existing chip inventories - which they had built up during the pandemic - to avoid a supply
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Philips’ share-price revival is only half finished

BREAKINGVIEWS-Philips’ share-price revival is only half finished The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to fix typos in third and sixth paragraphs. By Karen Kwok LONDON, July 29 (Reuters Breakingviews) - Roy Jakobs’s job is only half done. The CEO of Dutch medical group Koninklijke Philips PHG.AS has managed to get the order book growing again, but the company’s share price is still trading well below its 2021 peak, before a recall of f
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The lower the AI exposure, the bigger the problem for Europe's chip firms

The lower the AI exposure, the bigger the problem for Europe's chip firms By Olivier Sorgho and Nathan Vifflin July 25 (Reuters) - Shares in European semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial clients hit business prospects, on top of a wider sector correction. Chip component suppliers like ASML ASML.AS and ASM International ASMI.AS are more exposed to the booming AI chip market and demand from high-end tech clients
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Wall St ends slightly lower with Big Tech earnings on deck

US STOCKS-Wall St ends slightly lower with Big Tech earnings on deck Tesla drops, Alphabet flat before reporting numbers UPS slumps to lowest close since July 2020 after earnings GM beats Q2 expectations, raises forecast; shares slump Spotify jumps after results Indexes down: Dow 0.14%, S&P 0.16%, Nasdaq 0.06% Updates with closing prices By David French July 23 (Reuters) - Wall Street's main indexes e nded slightly lower on Tuesday, having given up meager intraday gains in the final minutes of t
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Wall St closes slightly lower with Big Tech earnings on deck

US STOCKS-Wall St closes slightly lower with Big Tech earnings on deck Spotify jumps after results NXP Semiconductors weighs on chip stocks Coca-Cola rises after lifting annual forecasts GM beats Q2 expectations, raises forecast; shares dip Updates to close By David French July 23 (Reuters) - Wall Street's main indexes closed slightly lower on Tuesday, as investors awaited direction from the latest earnings from Alphabet GOOGL.O and Tesla TSLA.O .
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U.S. STOCKS Lockheed Martin, NBT Bancorp, Centene

BUZZ-U.S. STOCKS ON THE MOVE-Lockheed Martin, NBT Bancorp, Centene Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes rose on a boost from megacaps ahead of Alphabet and Tesla earnings on Tuesday, as investors assessed if the recent rally had fuel enough to sustain the charge, while United Parcel Service hit a nearly four-year low on weak results.
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Some U.S. chipmakers fall after NXP Semiconductors sees Q3 revenue below estimates

BUZZ-Some U.S. chipmakers fall after NXP Semiconductors sees Q3 revenue below estimates Updates prices, details ** Shares of some U.S. chipmakers fall after NXP Semiconductors NXPI.O forecasts its Q3 revenue below estimates ** N XP recorded its worst quarterly revenue decline in four years in Q2, sending its shares down 9% to $258.06 ** Stock hits lowest level since early May, and was set for its worst day since April 2020 ** "The guidance was a little lower and that's in particular affecting th
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