Latest news with #semiconductor
Yahoo
3 hours ago
- Business
- Yahoo
AXT, Inc. Announces Passing of Board Member Christine Russell
FREMONT, Calif., July 17, 2025--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, is saddened to report that Ms. Christine Russell, a member of the Company's Board of Directors, passed away on July 11, 2025. Ms. Russell joined the Company's Board in December 2019 as an independent director. Ms. Russell served as Chair of the Audit Committee and was a member of the Compensation Committee and the Nominating and Corporate Governance Committee. "AXT is grateful for Christine's exemplary dedication and service to our company," said Morris Young, Chief Executive Officer. "She brought tremendous intelligence, strategic planning and thoughtful decision-making to our board and she will be greatly missed. This is a sad moment in our history. On behalf of AXT's management and Board of Directors, we extend our sincerest condolences to her family and the breadth of Silicon Valley executives who hold her in high esteem." About AXT, Inc. AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include 5G infrastructure, data center connectivity (silicon photonics), passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXT's worldwide headquarters are in Fremont, California and includes sales, administration and customer service functions. AXT has its Asia headquarters in Beijing, China and manufacturing facilities in three separate locations in China. In addition, as part of its supply chain strategy, the Company has partial ownership in ten companies in China producing raw materials for its manufacturing process. For more information, see AXT's website at View source version on Contacts Gary L. FischerChief Financial Officergfischer@ Leslie GreenGreen Communications Consulting, LLCleslie@ Sign in to access your portfolio
Globe and Mail
3 hours ago
- Business
- Globe and Mail
TSMC Earnings: AI Drives Demand
Key Points TSMC reported strong revenue and earnings growth, although currency was a headwind. Demand for AI chips is booming, which is pushing up demand for TSMC's leading nodes. The company expects strong sequential growth in the third quarter. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Here's our initial take on Taiwan Semiconductor Manufacturing 's (NYSE: TSM) fiscal 2025 second-quarter financial report. Key Metrics TSMC Noted Strong Demand for Leading Nodes TSMC, as it is better known, missed analyst expectations for revenue in the second quarter, but currency exchange rate fluctuations were mostly to blame. Revenue still soared 44% in U.S. dollars thanks to soaring demand for the company's most advanced 3nm and 5nm node semiconductor chips. TSMC's 3nm nodes accounted for 24% of total revenue, while the 5nm nodes accounted for 36% of revenue. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » High-performance computing, which includes AI-related chips, accounted for 60% of revenue, up from 52% in the second quarter of last year. HPC revenue rose by 14% from the first quarter as AI infrastructure spending ramps up around the world. The ongoing shift toward TSMC's more advanced nodes benefited the company's profitability. Gross margin jumped more than 5 percentage points year over year to 58.6%, operating margin rose more than 7 percentage points to 49.6%, and net profit margin jumped nearly 6 percentage points to 42.7%. The company spent $9.63 billion on capital expenditures during the second quarter to support its growth, bringing the year-to-date total to $19.69 billion. For the third quarter of fiscal 2025, TSMC expects to generate revenue between $31.8 billion and $33 billion, a gross margin between 55.5% and 57.5%, and an operating margin between 45.5% and 47.5%. Immediate Market Reaction Shares of TSMC were up around 4% by noon on Thursday. Strong revenue growth, thanks to soaring demand for AI chips, along with even stronger earnings growth, was enough to push up the stock. What to Watch TSMC has a stranglehold on the leading-node portion of the foundry market, making it the only game in town for AI chip designers like Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). With total planned AI infrastructure investments exploding, TSMC's advanced nodes will remain in high demand for the foreseeable future. While AI is a tailwind, macroeconomic uncertainty could eventually hurt demand for other types of chips. Helpful Resources Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
Globe and Mail
3 hours ago
- Business
- Globe and Mail
AXT, Inc. Announces Passing of Board Member Christine Russell
AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, is saddened to report that Ms. Christine Russell, a member of the Company's Board of Directors, passed away on July 11, 2025. Ms. Russell joined the Company's Board in December 2019 as an independent director. Ms. Russell served as Chair of the Audit Committee and was a member of the Compensation Committee and the Nominating and Corporate Governance Committee. 'AXT is grateful for Christine's exemplary dedication and service to our company,' said Morris Young, Chief Executive Officer. 'She brought tremendous intelligence, strategic planning and thoughtful decision-making to our board and she will be greatly missed. This is a sad moment in our history. On behalf of AXT's management and Board of Directors, we extend our sincerest condolences to her family and the breadth of Silicon Valley executives who hold her in high esteem.' About AXT, Inc. AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include 5G infrastructure, data center connectivity (silicon photonics), passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXT's worldwide headquarters are in Fremont, California and includes sales, administration and customer service functions. AXT has its Asia headquarters in Beijing, China and manufacturing facilities in three separate locations in China. In addition, as part of its supply chain strategy, the Company has partial ownership in ten companies in China producing raw materials for its manufacturing process. For more information, see AXT's website at
Yahoo
3 hours ago
- Business
- Yahoo
Texas Instruments board declares third quarter 2025 quarterly dividend
DALLAS, July 17, 2025 /PRNewswire/ -- The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) today declared a quarterly cash dividend of $1.36 per share of common stock, payable August 12, 2025, to stockholders of record on July 31, 2025. About Texas Instruments Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, enterprise systems and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TXN-G View original content to download multimedia: SOURCE Texas Instruments Incorporated
Yahoo
5 hours ago
- Business
- Yahoo
TSM Reports Record Profits, Lifts Forecast — But Stays Cautious
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the . On July 15, Reuters reported that TSMC is anticipated to post a 52% jump in second-quarter profit, reaching record levels. However, U.S. tariffs and a strong Taiwan dollar could weigh on its outlook. Mario Morales, group vice president at research firm IDC, noted that AI-related demand and the growing foundry industry revenue may lead to TSMC's sales growing by nearly 30%. The contract chipmaker and key supplier to Nvidia and Apple was anticipated to report net profit of T$377.4 billion ($12.9 billion) for the three months through June 30, as per an LSEG SmartEstimate compiled from 21 analysts. Subsequently, the company posted a nearly 61% year-on-year rise in second-quarter profit, hitting a record high of NT$398.27 billion, and surpassing estimates on the back of resilient demand for AI chips. The contract chip manufacturer guided third-quarter revenue between $31.8 billion and $33.0 billion, which is a 38% year-over-year increase. A stock broker on a trading floor, working to capture profit in the markets. According to TSMC CEO C.C. Wei, TSM anticipates its full-year 2025 revenue to rise by around 30% in U.S. dollar terms artificial intelligence growth and demand for its artificial intelligence technologies. 'The primary driver of growth for TSMC has been the robust demand for AI-related chips, particularly for the leading edge nodes below 7nm." -Brady Wang, associate director at Counterpoint Research. However, potential headwinds from the trade policy of U.S. President Donald Trump, who has threatened steep 'reciprocal tariffs' on Taiwan, are still a reality. 'Looking into second half of 2025 we have not seen any change in our customers behavior so far. However, we understand there are uncertainties and risk from the potential impact of tariff policies,' Wei said on Thursday. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells advanced chips used in artificial intelligence applications. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
