Intel's long-promised semiconductor facility in Ohio, once billed as a cornerstone of America's bid to regain chipmaking dominance, has been pushed back to 2030. ...

Taiwan will not agree to a deal with the United States for half of all semiconductor production to take place in the country, the island's top tariff negotiator said on Wednesday after returning home. ...

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Best AI Stocks to Buy According to Goldman Sachs. On September 16, J.P. Morgan reiterated a Buy rating on Broadcom Inc. (NASDAQ:AVGO), keeping the price target at $400. J.P. Morgan analyst Harlan Sur remains optimistic about AVGO following his discussion with Broadcom’s CFO Kirsten Spears. Sur is impressed with how strongly Broadcom is positioning itself in the AI-driven era. AI demand remains robust, and Broadcom is confident that each of its customer engageme ...

Broadcom Inc. (NASDAQ:AVGO) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 12, Mizuho increased its price target for Broadcom Inc. (NASDAQ:AVGO) from $355 to $410 while keeping an Outperform rating. This decision came after the company reported strong results for its third quarter of fiscal year 2025. Mizuho highlighted Broadcom Inc.’s (NASDAQ:AVGO) higher AI revenue outlook for fiscal 2026. The firm expects the company’s AI business to grow significantly through fiscal years 20 ...

New Albany, Ohio, was supposed to be the site of an advanced semiconductor factory for Intel, but progress is slow. ...

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Best NASDAQ Stocks to Buy For Long Term. On September 5, CFRA increased its price target for Broadcom Inc. (NASDAQ:AVGO) from $340 to $380 while keeping a Buy rating. This decision came after Broadcom Inc. (NASDAQ:AVGO) reported results for its third quarter of fiscal year 2025. CFRA Raises Broadcom (AVGO) Price Target, Keeps Buy Rating CFRA highlighted the company’s growing AI semiconductor business as the main reason for the higher price target. The firm no ...

Market Performance - The S&P 500 and Nasdaq 100 reached new all-time highs, closing up +0.47% and +0.84% respectively, while the Dow Jones increased by +0.11% [2][5] - Major US indexes are driven by expectations of Federal Reserve interest rate cuts, with a total of 70 basis points of cuts anticipated by year-end [5][8] Economic Indicators - The September Empire manufacturing survey fell to a three-month low of -8.7, significantly below expectations of 5.0, indicating bearish sentiment for stocks [4][10] - Weakness in Chinese economic data, including industrial production and retail sales growth, raises concerns about global growth prospects [6] Company-Specific Developments - Texas Instruments saw a decline of over -2% due to China's anti-dumping investigation into its semiconductor products [3][19] - Nvidia faced regulatory challenges after being ruled to have violated anti-monopoly laws related to its acquisition of Mellanox Technologies [3] Sector Movements - Megacap technology stocks, including Alphabet and Tesla, experienced significant gains, with Alphabet rising over +4% after a price target increase by Citigroup [15] - Chip makers rallied, with ASML Holding leading gains in the Nasdaq 100, closing up more than +6% [16] Upcoming Economic Data - Market focus will be on upcoming economic data releases, including retail sales and manufacturing production, as well as the FOMC meeting where a rate cut is expected [7][8]

Group 1 - Nvidia Corp. was found to have violated anti-monopoly laws related to its 2020 acquisition of Mellanox Technologies Ltd., as determined by China's State Administration for Market Regulation [1] - Following the announcement, Nvidia's shares fell approximately 2% in pre-market trading, and US stock index futures experienced a reduction in gains [1] - The Chinese government is conducting an anti-dumping investigation into a type of semiconductor produced by US companies, including Texas Instruments Inc., which also saw its shares decline by about 2% in pre-market trading [2] Group 2 - The Chinese regulator has not yet specified the remedies it will seek from Nvidia and has indicated that further investigation into the company will continue [3] - Nvidia's significant role in advancing technologies such as artificial intelligence has placed it at the center of ongoing negotiations between the US and China [4] - The company holds a dominant position in the market for chips that are critical for the development and operation of AI services utilized by major firms like Meta Platforms Inc. and DeepSeek [4]

Summary of Semiconductor Inventory Tracker Industry Overview - **Industry**: Semiconductors in North America - **Current Status**: Elevated inventory levels are being managed with a shift towards leaner strategies by customers and distributors, while producers are holding more inventory in anticipation of demand recovery [1][3][8]. Key Points Inventory Levels - Overall inventory levels remain elevated but decreased in Q2, with customer and distributor inventory declining more than seasonal expectations [3][12]. - Days of Inventory (DOI) across producers, distributors, and customers decreased by 5 days, more than the expected seasonal increase of 1 day [3][27]. - Customer and distributor DOI decreased below seasonal trends, while producer DOI remained in line with seasonal expectations [8][12]. Producer Insights - Semiconductor producers are holding 26 days more inventory than the 10-year median, but the sequential change aligns with seasonal trends [4][24]. - Memory segment DOI saw a significant decline of 22.3% quarter-over-quarter, driven by a 27.2% increase in Cost of Goods Sold (COGS) [4][59]. - Producers are cautious about replenishing distributor channel inventory, indicating a disciplined approach to inventory management [8][15]. Customer and Distributor Dynamics - Customer inventory decreased for all end markets except Communications and Consumer, with a notable decline in Storage and Computing/Mobile [12][16]. - Distributor DOI decreased by 7 days, now tracking 13 days above the historical median, indicating a leaner inventory strategy [11][21]. - The absolute dollar value of inventory across distributors decreased, with COGS increasing, leading to a decline in DOI for major distributors [11][55]. Market Trends and Challenges - Persistent macroeconomic uncertainty continues to disrupt normalized inventory levels, with producers planning to hold more inventory while customers engage in short-term ordering [3][8]. - The semiconductor industry is experiencing a structural shift towards higher inventory levels in anticipation of an eventual upcycle, despite recent declines in customer inventory [13][15]. - The overall DOI for the supply chain is still significantly above the historical median, indicating ongoing challenges in achieving stable inventory levels [27][29]. Future Outlook - There is potential for channel replenishment in the coming quarters, particularly for conservative companies, as distributor inventories lean out [11][15]. - AI secular tailwinds are expected to benefit memory companies, suggesting a positive outlook for certain segments within the semiconductor industry [15][59]. Additional Insights - The decline in DOI for Analog/MCU and Memory segments is seen as a constructive step towards recovery, despite the overall elevated inventory levels [9][15]. - The semiconductor industry is navigating through a complex landscape of inventory management, with varying trends across different segments and end markets [12][15][29]. This summary encapsulates the key insights and trends from the semiconductor inventory tracker, highlighting the current state of the industry and potential future developments.

Semiconductor Industry Conference Call Summary Industry Overview - The semiconductor industry in North America is experiencing elevated inventory levels, but there is a shift towards leaner inventory management strategies among customers and distributors due to tariff concerns [1][3][8] - Producers are holding more inventory in anticipation of a cyclical recovery, indicating a cautious approach to inventory management [1][3][8] Key Inventory Metrics - Overall inventory levels remain elevated but decreased in Q2, with customer and distributor inventory declining more than seasonal expectations [3][27] - Days of Inventory (DOI) across producers, distributors, and customers decreased by 5 days, which is more than the seasonal increase of 1 day [3][27] - Customer and distributor DOI decreased below seasonal trends, while producer DOI remained in line with seasonal expectations [8][27] Segment Analysis - Memory segment saw a significant DOI decrease of 22.3% quarter-over-quarter (q/q), driven by a 27.2% increase in Cost of Goods Sold (COGS) and a slight decline in absolute inventory [4][59] - Customer inventory decreased 3 days q/q, tracking below the seasonal increase of 2 days, with only Consumer and Communications segments showing increases [12][16] - Distributor DOI decreased by 7 days q/q, now tracking 13 days above the historical median [11][21] Market Dynamics - Persistent macroeconomic uncertainty continues to disrupt normalized inventory levels, leading to short-term ordering practices among customers [3][8] - Producers are practicing discipline in channel refill, holding back on replenishing distributor inventories [8][15] - The semiconductor industry is seeing signs of stabilization among customers and distributors after a prolonged period of de-stocking [13][15] Future Outlook - There is a strong likelihood of inventory replenishment in the coming quarters, particularly for conservative companies like ADI and NXPI, which could positively impact fundamentals [15][11] - AI secular tailwinds are benefiting memory companies such as SNDK and MU, indicating potential growth opportunities [15][11] Conclusion - The semiconductor industry is navigating elevated inventory levels with a cautious approach, focusing on leaner inventory management while anticipating a cyclical recovery. The dynamics of customer ordering and producer inventory strategies will be critical in shaping the industry's near-term outlook [1][3][15]