Samsung Electronics is expected to rack up strong earnings in 2021 on the back of the “semiconductor supercycle”, according to local analysts on January 11.
Strong demand for gaming systems, personal computers and other electronics by a world stuck indoors has sucked up supplies of semiconductors, forcing carmakers around the world to scramble for the chips
By Bloomberg News –
U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.
Even before the coronavirus infected millions of Americans and sparked the steepest economic downturn since the Great Depression, China was withstanding Trump’s tariff salvos, according to the very metrics he used to justify them. Once China got the virus under control, demand for medical equipment and work-from-home gear expanded its trade surplus with the U.S. despite the levies.
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app instead?
China’s trade surplus with the US soars as president’s term ends.
By Bloomberg News
12 Jan 2021 06:38
President Donald Trump. Image: Win McNamee/Getty Images
US President Donald Trump famously tweeted that âtrade wars are good, and easy to winâ in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.
Even before the coronavirus infected millions of Americans and sparked the steepest economic downturn since the Great Depression, China was withstanding Trumpâs tariff salvos, according to the very metrics he used to justify them. Once China got the virus under control, demand for medical equipment and work-from-home gear expanded its trade surplus with the US despite the levies.
TSMC Profit Surge Cements Kingpin Role in Global Chip Crunch
Bloomberg 1/13/2021
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Taiwan Semiconductor Manufacturing Co. likely chalked up its fastest pace of profit growth in a decade, after the Taiwanese company cemented its role as chipmaker of choice to the world’s technology and auto giants.
The world’s largest contract chipmaker is projected to report a 48.6% rise in 2020 net income Thursday, its speediest rate of expansion since 2010. Investors have sent its stock soaring 70% since the start of 2020, betting that the likes of Apple Inc. will continue to lean on its widening technological lead over Samsung Electronics Co. On Tuesday, Bernstein analysts raised their target on its shares to NT$800, anticipating a further gain of more than 30%.