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Samsung Electronics Co. Ltd. is weighing to build a cutting-edge semiconductor plant in Austin, Texas, that would be capable of making processors with smaller transistors than those in today’s most sophisticated chips.
That’s according to Bloomberg, which reported on the electronics giant’s plans this morning. The plant is expected to cost more than $10 billion to build if Samsung goes ahead with the initiative.
The company already operates a chip manufacturing hub in Austin and has reportedly purchased land next to the facility last October. Samsung asked the Austin City Council to rezone the land for industrial use in December. It’s believed that Samsung could start building the $10 billion plant as soon as this year, set up key manufacturing equipment in 2022 and begin production the year after that.
The COVID-19 earnings recession is expected to remain, but an end may be in sight MarketWatch 1/19/2021
EARNINGS WATCH
After the holiday quarter last year snapped an earnings recession, the same is not expected this year but it isn’t impossible, and may happen three months late.
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Quarterly profits for the S&P 500 are expected to drop as fourth-quarter results roll in during the coming weeks, after declining in each of the first three quarters of 2020. Analysts predict an upswing throughout 2021, though, as well as fourth-quarter numbers that beat their average expectations.
CFRA Chief Investment Strategist Sam Stovall told MarketWatch that beating expectations for fourth-quarter numbers would be in line with historical patterns. Earnings topped expectations for more than 30 quarters in a row before the first quarter of 2020, he said, when the pandemic first took a toll on corporate results. An overall earnings beat this quarter would help extend a new
New CEO Pat Gelsinger must channel Andy Grove and recreate Intel
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Much of the discussion around Intel Corp.’s current challenges understandably is focused on manufacturing issues and its ongoing market share skirmish with Advanced Micro Devices Inc.
But the core issue the chipmaking giant faces is it has lost the volume game, forever. When it comes to silicon, volume is king. As such, incoming Chief Executive Pat Gelsinger faces some difficult decisions.
On the one hand, he could take some logical steps to shore up the company’s execution, outsource a portion of its manufacturing and make incremental changes that would please Wall Street and probably drive shareholder value when combined with the usual stock buybacks and dividends.
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