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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (9801)	5/14/2020 7:21:40 PM
From: Kirk ©	1 Recommendation Recommended By Lee Lichterman III Respond to of 26439

They were shut down here working from home all of March I believe as most tech companies here started WFH well before we were told to. Add that to the normally slow CNY in Asia mixed with the complete shutdown in much of China so being light is fine. What matters is demand going forward and that sounds good. Add in the TSMC building a fab in the US news and it makes sense to be up. Looking at Yahoo! news.... she's saying the same thing in the video. Applied Materials misses on Q2 earnings, says underlying demand remains robust Yahoo Finance Video May 14, 2020 finance.yahoo.com Applied Materials released its second quarter earnings report after hours on Thursday, missing investors’ expectations on both top and bottom lines. The company offered no guidance for its third quarter, but did acknowledge that the demand for its equipment and services remained ‘robust.’ Yahoo Finance’s Myles Udland breaks down the company’s earnings report on The Final Round.

To: Lee Lichterman III who wrote (9801)	5/15/2020 10:32:43 AM
From: Kirk ©	1 Recommendation Recommended By Lee Lichterman III Respond to of 26439

"Only" $12B for the new TSMC plant in Arizona slated to begin in 2021. It appears to balance the production they do in mainland China. reuters.com (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China. ... The plant, the biggest foreign investment by TSMC, will produce the most sophisticated 5 nanometer chips, which can be used in high-end defense and communications devices. TSMC manufactures the bulk of its chips in Taiwan and has older chip facilities in China and Washington state. ... TSMC said that construction of the Arizona facility would begin in 2021 with production targeted to begin in 2024, and that it would be able to process up to 20,000 silicon wafers per month. Each wafer can contain thousands of individual chips. The investment will be made from 2021 to 2029.