美光将于2027年在爱达荷州工厂开始生产DRAM 公众号记得加星标⭐️，第一时间看推送不会错过。 来源：内容来综合自网络 。 这家总部位于美国的芯片制造商将投资 1500 亿美元用于国内内存制造，并投资 500 亿美元用于研 发。 在美国总统唐纳德·特朗普力推扩大美国国内制造业的背景下，美光科技宣布计划将其在美国的半导 体投资增加300亿美元。此举使美光公司在美国的投资总额达到近2000亿美元。这家总部位于美国的 芯片制造商将为美国国内存储器制造投资1500亿美元，为研发投资500亿美元。预计该计划将创造约 9万个就业岗位。 额外的300亿美元将用于在爱达荷州博伊西市建设第二座内存制造工厂；以及扩建和现代化其位于弗 吉尼亚州马纳萨斯市的现有工厂。总体而言，美光的扩张战略包括在爱达荷州建设两座高产量晶圆 厂，并在纽约州建设最多四座晶圆厂。该计划还包括将先进的封装能力引入美国，以支持对人工智能 领域至关重要的高带宽内存 (HBM) 的增长。这与美光目前在纽约建设大型晶圆厂的计划相辅相成。 这项投资与美光公司实现40%动态随机存取存储器（DRAM）在美国本土生产的目标相一致。这些 DRAM芯片广泛应用于个人计算、汽 ...

美国商务部长卢特尼克：正在就芯片法案(Chips Act)的合同进行重新谈判。 ...

Core Viewpoint - The article discusses two heavily shorted stocks, Wolfspeed and Kohl's, highlighting the intense pessimism surrounding their financial health and the potential for short squeezes if either company shows signs of recovery [1][2]. Group 1: Wolfspeed - Wolfspeed is a chip company with over 45% of its floated shares sold short, marking the highest level in its history as of May 15 [2][3]. - The company is reportedly preparing to file for bankruptcy and has rejected proposals from creditors to restructure its $6.5 billion in debt, leading to a 59% drop in its stock price on May 21 [3][4]. - The company's future hinges on receiving $750 million in CHIPS Act funding, which is currently uncertain due to potential changes under the Trump administration [4][5]. - Analysts believe Wolfspeed could still receive tax credits despite the uncertainty around the CHIPS Act, and the company plans to apply for $600 million in tax credit refunds after June 30 [7]. - The high short interest makes Wolfspeed a candidate for a short squeeze, but analysts have suspended coverage due to the likelihood of financial restructuring [8]. Group 2: Kohl's - Kohl's has a short interest of just under 54% of its floated shares as of May 15, the highest level ever, reflecting concerns over its financial performance [9][10]. - The company has not posted positive year-over-year sales growth since Q4 2021, and its recent CEO was ousted due to misconduct, indicating significant internal issues [11]. - Despite the challenges, some analysts have raised their price targets for Kohl's, with Baird and Telsey Advisory Group setting targets of $9, suggesting a potential 10% increase from recent prices [12]. - However, bearish analysts at Barclays and Goldman Sachs have set lower price targets, indicating a divided outlook on the stock's future [13].

Financial Data and Key Metrics Changes - The company is nearing the end of a six-year capital expenditure (CapEx) cycle, which began in 2021, with significant investments aimed at expanding capacity in the U.S. [7][12] - The company reported a 13% growth in the first half of Q2, with expectations for continued acceleration in revenue growth [34][40] - The revenue opportunity supported by new investments could exceed $40 billion by 2030, depending on market demand [25][26] Business Line Data and Key Metrics Changes - The company has increased its exposure to high-growth markets, particularly industrial and automotive, from 40% in 2013 to around 70% in 2022 [10][11] - The company is focusing on embedded business, with new fabs designed to support high-speed analog and embedded products [15][23] Market Data and Key Metrics Changes - The industrial sector is showing broad recovery across all geographies and channels, with significant growth expected [40][41] - Automotive markets are recovering, particularly in China, driven by increased electric vehicle (EV) adoption [42][66] Company Strategy and Development Direction - The company is strategically investing in U.S. manufacturing to ensure geopolitical reliability and to better support customers [12][12] - The focus is on transitioning from older fabs to more efficient 300mm wafer fabs, which will significantly reduce costs and improve margins [102][104] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the semiconductor market, particularly in industrial and automotive sectors, and emphasized the importance of being prepared for demand surges [34][39] - The company is well-positioned to navigate geopolitical tensions and potential decoupling from China, viewing it as an opportunity rather than a risk [72][74] Other Important Information - The company is actively working on requalifying parts for different manufacturing locations to mitigate potential tariff impacts [91][92] - Management highlighted the importance of maintaining a diverse manufacturing footprint to support customer needs and market demands [12][66] Q&A Session Summary Question: What is the current state of the semiconductor market recovery? - Management noted a broad recovery in the industrial sector and a positive outlook for automotive markets, particularly in China, where EV adoption is increasing [39][42] Question: How is the company managing inventory levels? - The company is deliberately holding higher inventory levels to prepare for demand fluctuations and to avoid capacity constraints experienced in previous cycles [46][52] Question: What are the implications of tariffs and geopolitical tensions? - Management indicated that current tariffs have not significantly impacted operations, and the company is prepared for potential changes in the geopolitical landscape [62][64]

Core Viewpoint - Wolfspeed (WOLF) has experienced significant stock declines, with a 13.8% drop since its third-quarter fiscal 2025 results and a 42.6% decline year-to-date, underperforming both the Zacks Computer and Technology sector and the Semiconductor – Discretes industry [1] Financial Performance - The company reported fiscal third-quarter revenues of $185 million, a 7.6% year-over-year decline, and fell 0.48% short of the Zacks Consensus Estimate [5] - The revenue drop was primarily due to a slowdown in the Materials segment, which generated $78 million, reflecting weakened demand from material customers [5] - Underutilization costs of $26.3 million linked to the ramp-up phase of the Mohawk Valley Fab have significantly impacted the company's gross margin [6][7] Debt Obligations - Wolfspeed faces substantial debt obligations, including a $575 million payment due next year for convertible bonds, with total debt escalating to $6.5 billion [3] - The company is negotiating a $600 million refinancing package with creditors to restructure liabilities and secure working capital [3] Financial Stability Concerns - Despite holding $1.3 billion in cash and anticipating over $600 million in tax refunds through the CHIPS Act, the company's financial stability remains uncertain [4] - Wolfspeed has issued warnings about its ability to continue as a going concern, citing challenges in refinancing and delays in expected federal funding [4] Earnings Estimates - The Zacks Consensus Estimate for fiscal 2025 revenues is $756.74 million, indicating a 6.25% decrease from the previous year [8] - The consensus estimate for the fiscal 2025 bottom line is a loss of $3.34 per share, a decline from the year-ago quarter's reported loss of $2.59 per share [8] Market Position - Wolfspeed has underperformed its competitors, with shares of SolarEdge Technologies, CommScope, and Himax Technologies gaining 32.9%, 11.2%, and 5.7%, respectively, over the same timeframe [2]

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自moneyDJ ，谢谢 。 Raymond James分析师在半导体产业报告中指出，4月的空头活动较3月增加5%，Wolfspeed更是 最常遭放空的个股，空单余额比率(Short Interest Ratio)达41%。 Wolfspeed为碳化硅(SiC)行业的领导厂商，也投入数十亿美元在美国建立SiC制造能力，但持续深 陷亏损，股价也惨跌至剩个位数。 SiC是一种难以加工的材料，但也能制造出导电性更高的晶片，可应用于电动车、工业基础设施等 高压、高温的环境；近年电动车市况不佳，也冲击Wolfspeed。 Wolfspeed于1月底发布的第二季财报显示，净亏损从一年前的1.259亿美元扩大至3.722亿美元。 公司预估，第三季亏损将介于1.19亿美元至1.38亿美元之间。 市场先前传出，Wolfspeed恐无法与债权人达成债务交换协议，加上拜登政府时代通过的晶片法 (US CHIPS Act)补贴前景不明，引发股价于3月暴跌。 MoneyDJ XQ 全 球 赢 家 系 统 报 价 显 示 ， Wolfspeed 股 价 已 连 五 个 交 易 日 上 ...

NBT Bancorp (NBTB) Q1 2025 Earnings Call April 25, 2025 10:00 AM ET Company Participants Scott Kingsley - President & CEOAnnette Burns - Executive VP & CFOMatthew Breese - Managing DirectorChristopher O'Connell - DirectorFeddie Strickland - Director Conference Call Participants None - AnalystManuel Navas - MD & Senior Research Analyst Operator Good day, everyone. Welcome to the conference call covering NBT Bancorp's first quarter twenty twenty five financial results. This call is being recorded and has been ...