Latest news with #MasahiroWakasugi
The Star
28-07-2025
- Business
- The Star
Samsung to produce Tesla chips in US$17bil multi-year deal
- REUTERS/Dado Ruvic/File Photo SEOUL: Samsung Electronics Co will produce semiconductors for Tesla Inc in a new US$16.5bil pact that gives a boost for its underperforming foundry division. South Korea's largest company announced yesterday that it secured a 22.8 trillion won chipmaking agreement with a global corporation that will run through the end of 2033. Tesla, which already does business with Samsung's contract chipmaking division, is that customer, according to a person familiar with the matter, who asked not to be named. Samsung's Seoul-traded shares rose as much as 3.5%, their biggest intraday gain in almost four weeks. A company spokesperson declined to comment regarding Tesla, and representatives for the US company did not immediately respond to requests for comment. The contract win comes as Samsung has been steadily losing ground in chip manufacturing. The company, which makes its own memory chips and also fabricates semiconductors on behalf of clients, has had difficulty bringing in enough orders to fully utilise its foundry capacity. That's in contrast to leading chipmaker Taiwan Semiconductor Manufacturing Co (TSMC), which still cannot meet all demand. TSMC held a dominant share of 67.6% of the global foundry market in the first quarter this year, according to Taipei-based TrendForce. Samsung's share slipped to 7.7% from 8.1% in the previous quarter. Bloomberg analysts Masahiro Wakasugi and Takumi Okano said: 'Samsung Electronics' contract to supply semiconductors to an unidentified large global corporation implies a recovery in its foundry business' two-nanometre generation chip production. 'The US$16.5bil contract spans 2025 to 2033 and could boost Samsung's foundry sales by 10% annually, we calculate. It could also lead to new contracts with other fabless chip companies.' Samsung and TSMC are both on pace to deliver the next generation of semiconductor advancement – moving to two-nanometre fabrication – and the new deal is seen as a signal of confidence for the company's upcoming fabrication technology. — Bloomberg
Bloomberg
16-07-2025
- Business
- Bloomberg
Stock Movers: BAC, ASML, JNJ
On this episode of Stock Movers: - Bank of America (BAC) shares are popping on the company reporting traders posted a record second quarter, reaping the benefits of volatile markets and net interest income topping analysts' estimates. Revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion, and equity trading rose 9.6% to $2.13 billion, both topping expectations. - ASML (ASML) shares are lower after Chief Executive Officer Christophe Fouquet walked back the company's growth forecast for next year, blaming trade disputes and global tensions. ASML forecast third-quarter net sales between €7.4 billion and €7.9 billion, which is below the average analyst estimate, and expects 15% revenue growth for the year. - Lam Research (LRCX) is also lower on the ASML news amid a chip stock selloff. According to Bloomberg Intelligence analysts Masahiro Wakasugi and Takumi Okano, ASML faces a potential downward revision in consensus sales, but there's a possibility it could report solid sales growth for the year. - Johnson & Johnson (JNJ) shares are higher as J&J beat Wall Street's quarterly sales expectations and raised its full-year outlook, showing confidence as the pharmaceutical industry faces threats of tariffs and a crackdown on drug pricing.
South China Morning Post
10-03-2025
- Automotive
- South China Morning Post
Chipmaker TSMC's sales quicken in first 2 months of 2025 in upbeat note for AI
Advertisement The world's largest contract chip manufacturer reported combined revenue for the first two months of NT$553.3 billion (US$16.8 billion). That compares with 34 per cent growth during the full-year of 2024. Analysts on average are projecting growth of about 41 per cent this quarter. As the manufacturer of most of the AI chips in the world, TSMC's sales are a barometer for the sector. Wall Street and Silicon Valley are now debating the sustainability of an AI frenzy that made Nvidia the world's most valuable company, especially after Chinese start-up DeepSeek appeared to demonstrate a more frugal approach to building AI models. 'Taiwan's robust growth in integrated circuit exports in January imply AI chip sales are driving up TSMC's revenue, export data show,' Bloomberg Intelligence analysts Masahiro Wakasugi and Takumi Okano wrote in a research note. Advertisement 'While 300-millimeter silicon wafer shipments signal a recovery, 200-mm wafers appear to reflect weaker automotive and industrial demand,' the analysts' report said. 'Electric components need an order pickup from consumer-device companies.'
