US Launches $1.6B Competition For Chip Packaging Research Initiatives
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/30/2024 | $210.00 → $185.00 | Buy | TD Cowen | |
| 9/20/2024 | $38.00 | Overweight | KeyBanc Capital Markets | |
| 8/20/2024 | Buy | Edward Jones | ||
| 8/19/2024 | $210.00 | Buy | TD Cowen | |
| 8/8/2024 | $36.00 → $22.00 | Outperform → Neutral | Mizuho | |
| 8/6/2024 | Buy → Hold | Argus | ||
| 8/2/2024 | Buy → Neutral | New Street | ||
| 8/2/2024 | $35.00 → $25.00 | Hold | TD Cowen |
Amkor Technology, Inc. (NASDAQ:AMKR), a leading provider of semiconductor packaging and test services, announced today that its Board of Directors has approved a 5% increase in the company's quarterly cash dividend, from $0.07875 per share to $0.08269 per share, on the company's common stock. The Board has also approved the payment of an approximately $100 million special cash dividend, or $0.40546 per share, on the company's common stock. Both dividends will be payable on December 23, 2024, to stockholders of record as of the close of business on December 4, 2024. "In line with Amkor's capital allocation policy to return 40% to 50% of cumulative free cash flow generated over time, the Bo
NEWS SUMMARY Third-quarter revenue of $13.3 billion. Third-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(3.88); non-GAAP EPS attributable to Intel was $(0.46). $(3.89) impact to GAAP EPS attributable to Intel from $15.9 billion of impairment charges and $2.8 billion of restructuring charges; $(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges. Making significant progress on plan to deliver $10 billion in cost reductions in 2025. Forecasting fourth-quarter 2024 revenue of $13.3 billion to $14.3 billion; expecting fourth-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $0.12.
Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance. Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our balance sheet. Generated net cash from operating activities of $196 million in the nine months ended September 28, 2024, including $126 million in the third quarter of 2024. Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today released its financial results for the three m
TD Cowen reiterated coverage of Advanced Micro Devices with a rating of Buy and set a new price target of $185.00 from $210.00 previously
KeyBanc Capital Markets initiated coverage of Amkor with a rating of Overweight and set a new price target of $38.00
Edward Jones initiated coverage of Advanced Micro with a rating of Buy
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6-K - TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
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4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - AMKOR TECHNOLOGY, INC. (0001047127) (Issuer)
3 - ADVANCED MICRO DEVICES INC (0000002488) (Issuer)
4 - ADVANCED MICRO DEVICES INC (0000002488) (Issuer)
Mobileye today published an updated press kit featuring new multimedia assets highlighting the company's core technologies, autonomous solutions and global presence. The updated Mobileye Press Kit includes high-resolution photos, infographics and b-roll footage that provide a comprehensive look at Mobileye's advanced portfolio and operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121971566/en/Mobileye's purpose-built EyeQ family of SoCs supports a full spectrum of its mobility solutions, from front-camera driver-assist systems to multi-sensor processing for full self-driving. (Photo: Mobileye) Key Visuals Include:
SANTA CLARA, Calif., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced the following events for the financial community: Forrest Norrod, executive vice president and general manager, Data Center Solutions Business Unit, will attend the UBS Annual Technology Conference on Tuesday, Dec. 3, 2024, at 12:15 PM MST.Jean Hu, executive vice president, chief financial officer and treasurer, will attend the Barclays Global TMT Conference on Thursday, Dec. 12, 2024, at 11:00 AM PST. A webcast of the presentations can be accessed on AMD's Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and vi
Amkor Technology, Inc. (NASDAQ:AMKR), a leading provider of semiconductor packaging and test services, announced today its participation in the following upcoming investor conferences: UBS Global Technology and AI Conference on Tuesday, December 3, 2024. Amkor's presentation will occur at 9:35 am Mountain Standard Time (11:35 am Eastern Standard Time) at The Phoenician in Scottsdale, Arizona. Nasdaq 51st International Investor Conference on Tuesday, December 10, 2024. Amkor's presentation will occur at 8:30 am Greenwich Mean Time (3:30 am Eastern Standard Time) at The May Fair Hotel in London, United Kingdom. Live webcasts and replays of the presentations will be available on the I
Advanced Micro Devices, Inc (NASDAQ:AMD) has postponed the launch of its highly anticipated Zen 5 processors, including the 16-core, 32-thread Ryzen 9 9950X, which it claims to be “the world’s most powerful desktop consumer processor.” The company discovered that some initial production units still needed to undergo the full range of quality checks, the Verge reports. The new launch dates are August 8 for the Ryzen 7 9700X and Ryzen 5 9600X and August 15 for the Ryzen 9 9950X and Ryzen 9 9900X. The new lineup includes the Ryzen 9 9950X, Ryzen 9 9900X, Ryzen 7 9700X, and Ryzen 5 9600X. Regarding recent issues faced by Intel Corp (NASDAQ:INTC) with its 13th and 14th Gen desktop pro
Taiwan’s Premier Cho Jung-tai has announced a sweeping economic and social reform plan, aiming to attract nearly $100 billion in investments. This comes after former President Donald Trump said “Taiwan should pay us for defense.” What Happened: The reform plan would focus on energy, artificial intelligence, and infrastructure. The strategy includes appealing to Taiwanese investors disillusioned with conducting business in China, a trend the government aims to capitalize on, said Premier Cho in an interview with Nikkei Asia. The plan is in line with President Lai Ching-te‘s vision of a “smarter, forward-looking sustainability,” exploring ocean and space industries, and enhancing Taiwan’
Semiconductor stock Advanced Micro Devices (NASDAQ:AMD) was among the technology stocks that fell Wednesday on the heels of earnings reports from Tesla Inc (NASDAQ:TSLA) and Alphabet being dissected by investors. What Happened: AMD stock is now down year-to-date after Wednesday's decline. The drop comes as there was some optimism across social media from photos shared by company CEO Lisa Su. Su shared pictures of an event with Tesla that she attended. "Great spending time with the Tesla team talking about AI, leadership and more! Proud to partner with such an amazing team! Thanks for the invite!" Su tweeted. Benzinga reached out to Tesla and AMD for more commentary on the meeting
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SC 13G/A - ADVANCED MICRO DEVICES INC (0000002488) (Subject)
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively. The DJIA is a price weighted index, and thus persistently lower priced stocks have a minimal impact on the index. Dow Inc. is also the smallest com
Leading tech companies to collaborate on architectural interoperability and simplify software development across the ecosystem; luminaries Linus Torvalds and Tim Sweeney join founding members Broadcom, Dell, Google, Hewlett Packard Enterprise, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat. Intel Corp. (INTC) and AMD (NASDAQ:AMD) today announced the creation of an x86 ecosystem advisory group bringing together technology leaders to shape the future of the world's most widely used computing architecture. x86 is uniquely positioned to meet customers' emerging needs by delivering superior performance and seamless interoperability across hardware and software platforms. The group will f
Susan Y. Kim to become Chairman of the Board Amkor Technology, Inc. (NASDAQ:AMKR), a leading provider of semiconductor packaging and test services, announced today that James Kim will be stepping down as Executive Chairman of Amkor and retiring from the company effective October 31, 2024. Susan Kim, Amkor's Executive Vice Chairman, will become Chairman of the Board at that time. Mr. Kim founded Amkor in 1968 and has been a pioneer in the outsourced semiconductor assembly and test services industry during his more than 56 years of service to the company. In recognition of his extraordinary contributions, the Board will recognize Mr. Kim with the honorary title of Chairman Emeritus upon his