|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||157.50 - 157.50|
|52 Week Range||45.30 - 157.50|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||114.38|
|Forward Dividend & Yield||0.66 (0.42%)|
|Ex-Dividend Date||Jun 29, 2021|
|1y Target Est||N/A|
(Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other applications in the last days of Donald Trump’s presidency, Reuters reported, citing unidentified people familiar with the matter.Current licensed suppliers that have been notified include Intel Corp., Reuters said. In addition, the Commerce Department indicated its intent to deny “a significant number of license requests for exports to Huawei,” according to an email obtained by the news agency. Representatives for Intel and the U.S. Commerce Department didn’t immediately respond to requests by Bloomberg News seeking comment.The latest move against Huawei is probably the Trump administration’s last strike to weaken the Chinese telecommunications giant and puts the spotlight on how the incoming Biden administration will approach the U.S.-China relationship. Asian chip stocks and Huawei suppliers including Samsung Electronics Co., Tokyo Electron Ltd., Advantest Corp. and Lasertec Corp. slid between 1% and 4% in early Monday trading.Intel was among a small group of companies that the U.S. government cleared to do business with Huawei, which it put on its so-called entity list of national security threats in May 2019. Trump administration sanctions have cut Huawei off from business-critical relationships with the likes of Alphabet Inc.’s Google, which provided the Android software on hundreds of millions of Huawei smartphones, and Taiwan Semiconductor Manufacturing Co. for its cutting-edge chips.Huawei has relied on Intel much less, primarily for its servers and consumer laptop products. A representative for the Chinese company didn’t immediately respond to a request for comment.Read more: Trump’s China Inc. Onslaught Leaves Key Decisions for BidenTrump has escalated his campaign to curb China’s technological rise as his term draws to a close. Xiaomi Corp., another smartphone and consumer electronics vendor, was among nine firms added to the U.S. Defense Department’s list of companies with alleged ties to the Chinese military, a move that will restrict U.S. investments in its securities. Other companies include state-owned planemaker Commercial Aircraft Corp. of China Ltd., or Comac, which is central to China’s goal of creating a narrow-body plane that can compete with Boeing Co. and Airbus SE.The profile of the companies targeted, including in the latest announcements on Thursday, is staggering. They include China’s three biggest telecom firms, its top chipmaker, its biggest social media and gaming players, its top two smartphone makers, its main deepwater energy explorer, its premier military aerospace contractor, its leading drone manufacturer and its primary commercial planemaker.While the scope of Trump’s unprecedented actions has roiled markets, the full reckoning of their impact largely hinges on President-elect Joe Biden. His incoming administration will have the power to either keep the restrictions in place, remove them or tighten them further.Read more: U.S. Blacklists Xiaomi in Widening Assault on China Tech(Updates with share action from the third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Stocks involved in Japan’s semiconductor supply chain jumped in Tokyo on Tuesday following a report that chip giant Taiwan Semiconductor Manufacturing Co. will build an advanced packaging facility in the city together with Japan’s Trade Ministry.The two sides will soon sign a memorandum of understanding and form a 50-50 joint venture for the project, Taiwan’s United Daily News reported, without saying how large investment for the plant might be.“This would be a positive surprise for Japan’s semiconductor sector, including device firms and parts suppliers, due to the large investment,” said Kazuyoshi Saito, a senior analyst for Iwai Cosmo Securities. “While the scale is still unclear, we can expect there to be a certain amount of orders, which could accelerate the potential recovery of Japan’s chip industry.”Packaging materials firm Shinko Electric Industries Co. rose 6.5%, the biggest gain since April, while Lasertec Corp., which gets 42% of its revenue from TSMC, climbed 4% to another record. Tokyo Electron Ltd. also reached a new high while Nikon Corp., whose precision equipment business now brings in a larger share of revenue than its more familiar camera operations, added 4.6%.TSMC spokeswoman Nina Kao declined to comment, citing the company’s quiet period before its earnings announcement.Japan has been boosting spending in semiconductor manufacturing and cutting-edge technology as it eyes the national security implications amid U.S.-China confrontation over the technologies -- an area the country lacks in expertise despite being a world leader in chip-making equipment and materials.The Ministry of Economy, Trade and Industry allocated 110 billion yen ($1.1 billion) in the fiscal 2019 budget and an additional 90 billion yen to a forthcoming extra budget to manufacture advanced chips domestically.While traders jumped on the TSMC report on speculation the deal will help advance Japan’s competitiveness in the field, its impact may be limited. A chip assembly plant, while an important stage in the semiconductor production process usually requires much less investments than a chip fabrication facility: the world’s largest chip testing and packaging service provider ASE Technology Holding spent slightly less than $1.6 billion in capital expenditure in 2019, while TSMC spent about 9 times that amount.Seiichi Miyashita, an assistant manager at the IT industry division of Japan’s Ministry of Economy, Trade and Industry, said no decision had been made, but that the ministry was conscious of the need for Japan to acquire the ability to manufacture advanced chips domestically.The Yomiuri newspaper reported in July last year that Japan had offered several billions of dollars in support to TSMC to tempt it to build plants in the country. At least one Japanese delegation traveled to Taiwan hoping of convincing the chipmaker to invest, a person with knowledge of the visit told Bloomberg News last year.That followed TSMC’s decision to build a $12 billion chip plant in Arizona which will employ its 5-nanometer technology, though even that will likely be several generations old by the time output begins.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.