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TSMC Boosts Q1 Revenue Forecast, Sees Surging Chip Demand

Taiwan Semiconductor, the world s biggest contract chipmaker and a lead supplier for Apple iPhones, posted record fourth quarter profits and boosted its near-term growth forecasts amid a surge in global demand for high-powered semiconductors.

5 Stocks To Watch For January 14, 2021

Intel Corporation (NASDAQ:INTC), Advanced Micro Devices, Inc (NYSE:AMD) - 4 Intel Analysts On What New CEO Means For Chipmaker s Market Share, Turnaround

Intel Corporation (NASDAQ:INTC), Advanced Micro Devices, Inc (NYSE:AMD) - 4 Intel Analysts On What New CEO Means For Chipmaker s Market Share, Turnaround
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Intel Corporation (NASDAQ:INTC), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) - Intel In Talks With TSMC, Samsung To Outsource Production: Report

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) and  Samsung Electronics Co Ltd (OTC: SSNLF) to outsource partial chip production after delays in its chip fabrication processes, Bloomberg reports. What Happened: Intel had reported problems with its 7-nanometer chip manufacturing process in July 2020 and announced a delay in the rollout of its next-generation chips to 2022, 2023. The company had said it was considering outsourcing some of its chip manufacturing. Intel’s CEO Bob Swan has promised investors that he would set out outsourcing plans by Jan. 21, when it reports earnings. Swan said he would get the company’s production technology back on track.

Earnings to Watch Next Week: Delta Airlines, BlackRock, Citigroup and Wells Fargo in Focus

IN THE SPOTLIGHT: SYNNEX, CARNIVAL SYNNEX: California-based business process services company’s earnings to decline to $2.89​ per share the fourth quarter, down from $4.26 per share reported the same quarter last year. The leading provider of business-to-business information technology services’ quarterly revenue will fall more than 5% to just over $6 billion from $ 6.58 billion a year ago. “For the fourth quarter of fiscal 2020, revenues are expected between $6.45 billion and $6.65 billion. Non-GAAP net income is estimated in the range of $190.5 to $203.5 million. Moreover, the company projects non-GAAP earnings between $3.68 and $3.93 per share,” noted analysts at ZACKS Research. CARNIVAL: The world’s largest cruise ship operator is expected to report a loss for the third consecutive time in the fourth quarter. The Miami, Florida-based company’s revenue will plunge ​nearly 100% to $142.09 million from $4.78 billion posted in the same period a year ago. Carnival i

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