Global Chip Shortage Underscores Need to Diversify US Supply Chain
China’s Taiwan intimidation and its domestic semiconductor investment threaten US tech sector
Commentary
The continuing global semiconductor shortage has highlighted the United States’ dependence on a fragile global supply chain of chip manufacturing that’s concentrated in Asia.
Amid this environment, China’s increasingly combative stance against Taiwan along with its massive domestic investment into chipmaking is a key risk to the security of America’s chip supply.
The worsening global computer chip shortage has been destructive to several industries and hurt consumer pocketbooks.
While some U.S. automakers saw output disrupted late last year due to chip shortages; more recently, they have resumed production, just without certain “smart” features that require such chips. The domino effect is a lower supply of new cars, which drives up prices. Japan’s Sony Corp. recently blamed a lack of supply o
By Reuters Staff
2 Min Read
SHANGHAI, May 7 (Reuters) - China has approved domestic fund managers’ first exchange-traded funds (ETFs) based on Hong Kong’s Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent.
Regulatory approval to launch such ETFs was obtained by six Chinese mutual fund managers, including China Asset Management, Dacheng Fund Management and E Fund Management, the Shanghai Securities News reported citing the six fund houses.
The Hang Seng TECH Index tracks the 30 biggest technology companies listed in Hong Kong. Constituents include Alibaba Group Holding Ltd, Tencent Holdings Ltd, Meituan, NetEase Inc, JD.com Inc and Semiconductor Manufacturing International Corp.
China approves ETFs tracking HK-listed tech giants - state media Toggle share menu
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China approves ETFs tracking HK-listed tech giants - state media China has approved domestic fund managers first exchange-traded funds (ETFs) based on Hong Kong s Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent.
FILE PHOTO: Chinese and Hong Kong flags flutter next to bull statues outside the Hong Kong Exchanges, following the COVID-19 outbreak, at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File Photo
07 May 2021 10:25AM Share this content
China Enterprises index HSCE gains 0.1% HSI financial sub-index rises 0.3%; tech index up 0.4%
HONG KONG, May 4 (Reuters) - Hong Kong stocks rose on Tuesday, with energy shares leading gains, buoyed by rising oil prices as easing coronavirus curbs in the U.S and Europe raised demand growth hopes. By the midday break, the Hang Seng index was up 71.09 points or 0.25% at 28,428.63, and was set to snap two straight sessions of decline. The Hang Seng China Enterprises index gained 0.1% to 10,723.4. The sub-index tracking energy shares rose 2.1%, while IT stocks slid 0.15%, financials climbed 0.3% and the property sector edged up 0.02%. Tech index was up 0.4%.
Qualcomm sees supply constraints easing
Reuters
Qualcomm Inc on Wednesday forecast quarterly sales and adjusted profits above Wall Street estimates, with executives saying they see supply constraints easing as smartphone buyers upgrade to 5G and former Huawei Technologies Co (華為) customers migrate to Qualcomm-chip phones.
Qualcomm is the world’s biggest supplier of smartphone chips, providing key components for 5G connectivity. The San Diego, California-based company has resolved protracted legal fights with regulators and regained iPhone maker Apple Inc as a customer.
“Qualcomm is clearly benefiting from its 5G design win with Apple’s iPhone12 and other Asian smartphones’ OEMs [original equipment manufacturers],” Summit Insights Group analyst Kinngai Chan (陳金蓋), said.