“From the time a company decides to build a new factory, and the time it’s open, it could be three to five years, and the policies could be completely changed,” said Susan Spence, chair of the Institute for Supply Management’s Manufacturing Business Survey Committee.Whether the most recent investments and high-fee tariffs are bringing back manufacturing depends on the industry, experts said.Additionally, Trump signed the “One Big Beautiful Bill” into law, which allows bonus depreciation for qualifying equip ...

Core Insights - Taiwan Semiconductor Manufacturing Company (TSMC) is pursuing a global expansion strategy to diversify its semiconductor supply chain and meet the rising demand for AI and advanced computing chips [1] Group 1: Investment and Expansion - TSMC is investing $165 billion in the United States to establish five new fabrication facilities and two advanced packaging facilities in Arizona, enhancing the U.S. semiconductor supply chain for AI and high-performance computing [2] - In Japan, TSMC is constructing its second fabrication facility in Kumamoto, while in Europe, it is building a specialty fabrication facility in Dresden, Germany, targeting the automotive sector [3] - The company plans to build 11 new wafer fabs and four advanced packaging facilities domestically to expand its capacity [3] Group 2: Strategic Rationale - TSMC's global expansion is a response to customer demand for geographic flexibility and government incentives, positioning the company as a critical supplier in the semiconductor supply chain [4] Group 3: Financial Implications - The new overseas fabs are expected to increase operating costs, potentially reducing gross margins by 2-3 percentage points annually over the next three to five years due to higher labor and energy costs, as well as lower utilization rates initially [5] - TSMC's shares have increased approximately 27.1% year to date, outperforming the Zacks Computer and Technology sector's gain of 16.8% [9] Group 4: Valuation and Earnings Estimates - TSMC trades at a forward price-to-earnings ratio of 23.63, which is lower than the sector's average of 28.27 [13] - The Zacks Consensus Estimate for TSMC's earnings in 2025 and 2026 indicates a year-over-year increase of 39.6% and 11.6%, respectively, although estimates have been revised downward in the past 30 days [15]

Group 1 - The stock prices of several companies in the AI and cloud computing sectors reached new highs, with Nvidia (NVDA.US) increasing by 5%, Broadcom (AVGO.US) rising by 10.6%, TSMC (TSM.US) up by 5.3%, and Oracle (ORCL.US) soaring nearly 43% [1] - Oracle reported a remaining performance obligation of $455 billion as of September 10, marking a 359% year-over-year increase, and cloud infrastructure revenue grew by 55% year-over-year, contributing to the overall rise in the AI chip sector [1] Group 2 - The market anticipates that policymakers will decide to lower interest rates in the upcoming meeting to address the rapid slowdown in the labor market [1] - Federal Reserve Chairman Jerome Powell cautiously opened the door for rate cuts during the Jackson Hole Economic Symposium last month, and recent data indicates that the trend of slowing job growth has continued into August [1]

Group 1 - The stock prices of several companies in the AI and cloud computing sectors reached new highs, with Nvidia (NVDA.US) increasing by 5%, Broadcom (AVGO.US) rising by 10.6%, TSMC (TSM.US) up by 5.3%, and Oracle (ORCL.US) soaring nearly 43% [1] - Oracle reported a remaining performance obligation of $455 billion as of September 10, representing a year-over-year increase of 359%, and cloud infrastructure revenue grew by 55% year-over-year, driving the overall rise in the AI chip sector [1] Group 2 - The market anticipates that policymakers will decide to cut interest rates in the upcoming meeting to address the rapid slowdown in the labor market [1] - Federal Reserve Chairman Jerome Powell cautiously opened the door for rate cuts during the Jackson Hole Economic Symposium last month, and recent data indicates that the trend of slowing job growth has continued into August [1]

每经AI快讯，英伟达股价涨幅扩大至5%，创2周新高；博通股价涨幅扩大至10.6%，续刷记录新高。台 积电涨幅扩大至5.3%，再创记录新高。甲骨文涨近43%，再创记录新高。 ...

Group 1 - The semiconductor sector experienced a significant rally on September 10, with Broadcom rising over 10%, reaching an all-time high [2] - ARM saw an increase of over 7%, while Nvidia and TSMC both rose nearly 5% [2] - Other companies such as AMD and Micron Technology also saw gains of nearly 4% [2]

Group 1 - The semiconductor sector experienced a significant rally on September 10, with Broadcom rising over 10%, reaching an all-time high [1] - ARM saw an increase of over 7% [1] - Nvidia and TSMC both rose nearly 5% [1] Group 2 - AMD and Micron Technology increased by nearly 4% [1]

Hello and welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Wednesday 10th September.Coming up on the show, Trump floats 100% tariffs on China, but could there be a breakthrough in trade talks with India. AI will fuel cloud revenue explosion at Oracle. That's the prediction from the company's boss.Shares are soaring in the pre-market and cloner looks set for its IPO. The listing means the online lender is now valued at $15 billion. So grab your coffe ...

Investment Rating - The report maintains a "Recommended" investment rating for the electronic industry [3] Core Insights - The electronic industry is experiencing a new wave of performance growth driven by AI, with significant opportunities in semiconductor and consumer electronics sectors [5][6] - The report highlights the strong recovery in the semiconductor sector, particularly in analog and digital chips, with AI being a core growth driver [5][6] - Consumer electronics are also benefiting from AI, with companies like Anker Innovation and Ugreen achieving over 30% revenue growth [5][6] Semiconductor Sector Summary - **Analog Chips**: Revenue reached 24.405 billion yuan, up 13.12% year-on-year, with a net profit of 502 million yuan, up 280.49% [7] - **Digital Chips**: Revenue of 87.129 billion yuan, a 24.72% increase, with net profit of 9.050 billion yuan, up 35.32% [16] - **Power Semiconductors**: Net profit for Q2 reached 2.873 billion yuan, a 45.3% increase year-on-year, indicating a recovery phase [26] - **Semiconductor Manufacturing**: Revenue for H1 was 27.273 billion yuan, down 24.7% year-on-year, but showing signs of recovery in Q2 [34] - **Semiconductor Equipment**: The sector saw a 30.6% increase in revenue, totaling 41.509 billion yuan, with net profit of 6.631 billion yuan, up 19.8% [47] Consumer Electronics Summary - Companies like Anker Innovation and Ugreen reported over 30% growth in revenue and net profit, driven by brand strength and product innovation [5] - The demand for new consumer electronics products such as AR glasses and smart speakers is expected to drive further innovation and market recovery [5] PCB and Components Summary - PCB demand is surging due to AI-related capital expenditures, with companies like Shenzhen Circuit achieving significant order growth [5] - The MLCC market is also showing good growth, with companies expanding their product matrices to meet diverse market needs [5] Investment Recommendations - The report suggests focusing on companies involved in computing power-related sectors, including PCB, domestic computing power, IP licensing, and chip inductors [5] - Key companies to watch include Cambrian, Haiguang Information, and SMIC, among others [5]

Group 1 - The Producer Price Index (PPI) in the U.S. unexpectedly decreased by 0.1% month-over-month in August, marking the first decline in four months, which strengthens the case for the Federal Reserve to consider interest rate cuts [1] - The three major U.S. stock indices opened mixed, with the Nasdaq rising by 0.46%, the S&P 500 increasing by 0.43%, and the Dow Jones falling by 0.18% [1] Group 2 - Oracle's stock surged over 31%, reaching a new high, with expectations that cloud infrastructure revenue will increase by 77% to $18 billion in fiscal year 2026, significantly exceeding forecasts [1] - Nvidia's stock rose by 3.5% following the announcement of the Rubin CPX GPU, designed for large-scale contextual reasoning, set to launch by the end of 2026 [1] - TSMC's stock increased by 3.3%, achieving a new high, with August revenue growing by 34% year-over-year to NT$335.8 billion, the highest for the same period in history [1] - EDA software company Synopsys experienced a decline of over 30%, as its third-quarter performance and guidance for the current quarter fell short of market expectations [1]