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TSMC affiliate VIS may expedite production at US$8b Singapore fab
TSMC affiliate VIS may expedite production at US$8b Singapore fab

Malaysian Reserve

time28-06-2025

  • Business
  • Malaysian Reserve

TSMC affiliate VIS may expedite production at US$8b Singapore fab

TAIWAN Semiconductor Manufacturing Co.'s smaller affiliate Vanguard International Semiconductor Corp. may accelerate the chip production schedule at its new $7.8 billion joint venture in Singapore on greater customer demand for hedging against geopolitical risks. VIS may be able to push production at the new plant, which makes mature chips, to as soon as late 2026 versus the originally announced schedule of the first half of 2027, VIS Chairman Fang Leuh told reporters at a company event on Saturday in Taoyuan, Taiwan. VIS broke ground for the facility in the fourth quarter of 2024. 'Over the past few months many customers have shown greater interest in our new 300-millimeter Singapore plant due to geopolitical uncertainties,' said Fang. VIS's new plant is a joint venture with Dutch firm NXP Semiconductors NV. While the Taiwanese company does not make the most cutting-edge AI chips, it is a key supplier in making chips for automotive and industrial use. Both TSMC and VIS are adding capacity outside of their home turf partly due to growing concerns from global chip users over China's persistent threats to unite with self-governing, democratic Taiwan, by force if necessary. But overseas expansion has not always been smooth. TSMC recently said it is pushing back the construction of its second fab in Japan due to worsening traffic conditions in the area. An NXP executive said last December that the two companies are working on a phase-two expansion of the facility though the plan still needs formal approval. Fang said that VIS is currently focusing on getting the first plant ready and it is not currently considering a second phase yet. The trade war and tariffs have created additional challenges, Fang added, but he still expects VIS to see business grow mildly in US dollar terms year-over-year in the second half. –BLOOMBERG

Should You Invest in the Vanguard Industrials ETF (VIS)?
Should You Invest in the Vanguard Industrials ETF (VIS)?

Yahoo

time03-06-2025

  • Business
  • Yahoo

Should You Invest in the Vanguard Industrials ETF (VIS)?

If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the Vanguard Industrials ETF (VIS), a passively managed exchange traded fund launched on 09/23/2004. While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency. Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 13, placing it in bottom 19%. The fund is sponsored by Vanguard. It has amassed assets over $5.40 billion, making it one of the largest ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. VIS seeks to match the performance of the MSCI US Investable Market Industrials 25/50 Index before fees and expenses. The MSCI US Investable Market Index (IMI)/Industrials 25/50 is made up of stocks of large, mid-size, and small U.S. companies within the industrials sector. Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same. Annual operating expenses for this ETF are 0.09%, making it one of the least expensive products in the space. It has a 12-month trailing dividend yield of 1.22%. While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Industrials sector--about 99.90% of the portfolio. Looking at individual holdings, General Electric Co (GE) accounts for about 4.19% of total assets, followed by Rtx Corp (RTX) and Uber Technologies Inc (UBER). The ETF return is roughly 6.02% and it's up approximately 13.63% so far this year and in the past one year (as of 06/03/2025), respectively. VIS has traded between $220.04 and $279.70 during this last 52-week period. The ETF has a beta of 1.10 and standard deviation of 18.77% for the trailing three-year period, making it a medium risk choice in the space. With about 385 holdings, it effectively diversifies company-specific risk. Vanguard Industrials ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VIS is a great option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well. First Trust RBA American Industrial Renaissance ETF (AIRR) tracks Richard Bernstein Advisors American Industrial Renaissance Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. First Trust RBA American Industrial Renaissance ETF has $3.55 billion in assets, Industrial Select Sector SPDR ETF has $21.01 billion. AIRR has an expense ratio of 0.70% and XLI charges 0.08%. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vanguard Industrials ETF (VIS): ETF Research Reports GE Aerospace (GE) : Free Stock Analysis Report Industrial Select Sector SPDR ETF (XLI): ETF Research Reports First Trust RBA American Industrial Renaissance ETF (AIRR): ETF Research Reports Uber Technologies, Inc. (UBER) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

ECI to provide Mobile Deposit Facility for voters at polling stations
ECI to provide Mobile Deposit Facility for voters at polling stations

India Gazette

time23-05-2025

  • Politics
  • India Gazette

ECI to provide Mobile Deposit Facility for voters at polling stations

New Delhi [India], May 23 (ANI): In line with various initiatives aimed at enhancing voter convenience and streamlining poll day arrangements, the Election Commission has issued two more comprehensive instructions for providing mobile deposit facility for voters just outside the polling stations and rationalising norms for canvassing, according to an official statement. The instructions are in line with the relevant provisions of the Representation of the People Act, 1951 and the Conduct of Elections Rules, 1961. Recognising the increasing coverage and usage of mobile phones in both urban and rural areas and the challenges faced not only by the voters at large but also by senior citizens, women, and PwD electors in managing mobile phones on the poll day, the Commission has decided to allow a mobile deposit facility just outside the polling stations. Only mobile phones shall be allowed within 100 meters of the polling station and that too in switched-off mode, the release said. As per the release, very simple pigeonhole boxes or jute bags shall be provided near the entrance door of the polling station where the voters would be required to deposit their mobile phones. Mobile phones shall not be allowed to be carried inside the polling station by the voter. However, certain Polling Stations can be exempted from this provision based on adverse local circumstances by the Returning Officer. Rule 49M of the Conduct of Elections Rules, 1961, which ensures secrecy of voting within the polling station, will continue to be strictly enforced. Further, in a move aimed at improving election day facilitation, the Commission has rationalised the permissible norms for canvassing in line with the electoral laws to 100 meters from the entrance of the polling station. However, electioneering shall not be allowed within a 100-meter radius around the Polling Station on the day of the poll. Therefore, the booths set up by the candidates on poll day for issuing unofficial identity slips to electors, in case the electors are not carrying their official Voter Information Slips (VIS) issued by the Commission, can now be set up just beyond 100 meters of any polling station. The Election Commission of India, under the Chairmanship of Chief Election Commissioner Gyanesh Kumar, along with Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi, remains committed to conducting elections strictly in accordance with the legal framework, while continuously innovating to improve the facilities for the voters. (ANI)

EC to provide mobile phone deposit facility for voters at polling stations
EC to provide mobile phone deposit facility for voters at polling stations

Hindustan Times

time23-05-2025

  • Politics
  • Hindustan Times

EC to provide mobile phone deposit facility for voters at polling stations

In a major relief for voters, the EC on Friday said it would set up mobile phone deposit counters at polling stations. Several voters who go to cast their votes take their phones inside polling booths by concealing the device in their clothes due to the absence of a facility to deposit it. In another move, seeking to rationalise poll day management, the Election Commission (EC) decided to allow parties and candidates to set up booths to distribute unofficial voter identification slips at 100 metres from the polling station entrance. Till now, the limit was 200 metres from the "polling location". These two key reforms will first be implemented in Bihar, where assembly polls will be held later this year. Recognising the increasing coverage and usage of mobile phones in urban and rural areas and the challenges faced not only by the voters at large but also senior citizens, women and persons with disabilities in managing mobile phones on polling day, the commission has decided to allow a mobile deposit facility just outside the polling stations, the EC said. 'Only mobile phones shall be allowed within 100 metres of the polling station and that too in switched-off mode. Very simple pigeonhole boxes or jute bags shall be provided near the entrance door of the polling station where the voters would be required to deposit their mobile phones. Mobile phones shall not be allowed to be carried inside the polling station,' the poll authority said. However, it said, certain polling stations could be exempt from this provision based on adverse local circumstances by the returning officer. Rule 49M of the Conduct of Elections Rules, 1961, which ensures secrecy of voting within the polling station, will continue to be strictly enforced, it underlined. The EC said that in a move aimed at improving election day facilitation, it rationalised the permissible norms for canvassing in line with the electoral laws to 100 metres from the entrance of the polling station. However, electioneering will not be allowed within a 100-metre radius around the polling station on the day of polling. "Therefore, the booths set up by the candidates on poll day for issuing unofficial identity slips to electors, in case the electors are not carrying their official Voter Information Slips (VIS) issued by the commission, can now be set up just beyond 100 metres of any polling station," it said. One "polling location", such as a school, can have multiple polling stations.

EC to provide mobile phone deposit facility for voters at polling stations
EC to provide mobile phone deposit facility for voters at polling stations

Time of India

time23-05-2025

  • Politics
  • Time of India

EC to provide mobile phone deposit facility for voters at polling stations

In a major relief for voters, the EC on Friday said it would set up mobile phone deposit counters at polling stations. Several voters who go to cast their votes take their phones inside polling booths by concealing the device in their clothes due to the absence of a facility to deposit it. In another move, seeking to rationalise poll day management, the Election Commission (EC) decided to allow parties and candidates to set up booths to distribute unofficial voter identification slips at 100 metres from the polling station entrance. Till now, the limit was 200 metres from the "polling location". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo These two key reforms will first be implemented in Bihar, where assembly polls will be held later this year. Recognising the increasing coverage and usage of mobile phones in urban and rural areas and the challenges faced not only by the voters at large but also senior citizens, women and persons with disabilities in managing mobile phones on polling day, the commission has decided to allow a mobile deposit facility just outside the polling stations, the EC said. Live Events "Only mobile phones shall be allowed within 100 metres of the polling station and that too in switched-off mode. Very simple pigeonhole boxes or jute bags shall be provided near the entrance door of the polling station where the voters would be required to deposit their mobile phones. Mobile phones shall not be allowed to be carried inside the polling station," the poll authority said. However, it said, certain polling stations could be exempt from this provision based on adverse local circumstances by the returning officer. Rule 49M of the Conduct of Elections Rules, 1961, which ensures secrecy of voting within the polling station, will continue to be strictly enforced, it underlined. The EC said that in a move aimed at improving election day facilitation, it rationalised the permissible norms for canvassing in line with the electoral laws to 100 metres from the entrance of the polling station. However, electioneering will not be allowed within a 100-metre radius around the polling station on the day of polling. "Therefore, the booths set up by the candidates on poll day for issuing unofficial identity slips to electors, in case the electors are not carrying their official Voter Information Slips (VIS) issued by the commission, can now be set up just beyond 100 metres of any polling station," it said. One "polling location", such as a school, can have multiple polling stations.

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