All articles tagged with #chip manufacturers
U.S. Commerce Secretary Howard Lutnick is exploring the possibility of the federal government taking equity stakes in chip manufacturers like Intel, Micron, TSMC, and Samsung that receive CHIPS Act funding, aiming to increase U.S. influence and secure national interests in the semiconductor industry.
ASML Holding stock fell after the company reported disappointing first-quarter earnings, with revenue down 22% from the previous year and missing estimates. The company's transition to new technology for the AI boom led to increased spending on research and development, impacting operating margins. ASML's guidance also indicated a continuing decline in year-over-year revenue, signaling a potential slowdown in chip manufacturers' equipment upgrades. This news justified the stock's pullback after a period of significant growth.