The semiconductor industry is experiencing rapid changes, ranging from the integration of artificial intelligence (AI) to the growing use of tariffs. The relentless march of artificial intelligence dominates headlines, powered by increasingly sophisticated silicon brains. In this narrative, chip designer Nvidia and manufacturer Taiwan Semiconductor Manufacturing Company (TSMC) have emerged as the undisputed leaders, seemingly leaving legacy giant Intel struggling to keep pace.
Has any US president’s term in office in a century started as badly from a stock market perspective as Donald Trump’s term from January 20 to April 8, 2025? This has caused significant harm to investors. What makes it special is that the market turmoil can be attributed to the actions of President Donald Trump and his administration. There are also export restrictions. Technology giant Nvidia faces billions in losses due to Trump restrictions. Donald Trump’s administration has restricted the technology company’s exports of artificial intelligence chips to China. Semiconductors are at the heart of nearly all modern technology. The global race to secure component availability has been intensifying as demand for these essential parts grows.
Trump’s tariff mix is causing problems for the semiconductor industry as latest tariff plans could cause significant disruption to the global semiconductor supply chain. The Trump administration aims to boost domestic production, but the measures also threaten to raise production costs and make it more difficult to obtain components. Taiwan’s TSMC, which supplies 90 percent of the world’s advanced semiconductors, could face difficulties, which will affect American technology companies such as Apple, Nvidia and AMD.
April 7th, 2025, is now being dubbed “Orange Monday,” and it’s left global markets charred and investors crying into their diversified portfolios. Trump chip tariff threat throws wrench into global supply network. The Trump administration’s steps toward extending its tariffs to the semiconductor industry threaten many business. The strategy by Apple to diversify its manufacturing from China seemed like a solid strategy, until President Donald Trump’s “reciprocal tariffs” this hit many other countries, too. Trump tariffs threaten Apple’s supply chain, stock suffers steepest drop in 5 years.
Today, many automakers, including original equipment manufacturers (OEMs), contract manufacturers (CMs), and electronic manufacturing service (EMS) providers, face the dual challenge of keeping pace with rapid technological advancements while managing significant geopolitical risks affecting their supply chains. Trump’s planned tariffs on chip imports risk upending a global supply chain and could lead to oversupply as the US and other countries seek domestic production Pentagon leaders are calling for thousands of drones to prepare for war in the Pacific. But as Trump’s tariffs escalate tensions with China, they face an uncomfortable reality: Silicon Valley’s drone companies are addicted to Chinese components.
Trump has repeatedly called out and accused Taiwan of stealing the U.S. chip manufacturing business and touted tariffs on semiconductor imports. Trump wants to see more chip manufacturing to happen in USA. Semiconductors are at the heart of America’s strength, enabling the essential technologies that drive economic growth and national security. Semiconductors are at the heart of America’s strength, enabling the essential technologies that drive economic growth and national security. With demand for semiconductors projected to increase significantly by 2030 and beyond, semiconductor companies are ramping up production and innovation to keep pace. The Future of U.S. Semiconductor manufacturing in 2025 seems to be TSMC’s Expansion and Intel’s delay. Two major players in the industry, TSMC and Intel, stand at opposite ends of the current manufacturing landscape as the United States attempts to boost its domestic chip ecosystem. TSMC’s costly expansion and Intel’s delayed reshoring efforts represent the opposite ends of America’s semiconductor manufacturing efforts.
There are expert views that US chip production targets edge further out of reach under Trump administration because of FUD (Fear, Uncertainty, Doubt) on the markets now. The future of the CHIPS and Science Act and its manufacturing funding is increasingly doubtful. Donald Trump was vocal about his criticism of the CHIPS and Science Act that was meant to spur the build-out of a domestic semiconductor manufacturing ecosystem. The CHIPS Act has become a cornerstone of U.S. policy to revitalize domestic semiconductor manufacturing. When it was announced, a flurry of investments from semiconductor manufacturers quickly accumulated to over $400 billion. While its passage and funding allotment did not occur as quickly as initially planned—something noted by many chipmakers over the last few years—it received significant bipartisan support within the U.S. government. The president is beginning to take action against the law to pivot towards tariffs, hoping to entice companies to onshore production in a bid to avoid import tax hikes.
Reuters reports that “some officials have expressed concern Trump could seek to invalidate binding grant agreements struck in the Biden administration.” Some projects are already facing uncertain futures. There is fear that US chip production targets edge further out of reach under Trump administration. Intel’s ambitious $28 billion semiconductor factory in Ohio has experienced significant delays. Originally planned as a cornerstone of Intel’s strategy to restore chip manufacturing to the U.S. and part of the CHIPS and Science Act’s push for government approval, the delay in Ohio raises questions about Intel’s ability to meet its goals for American chip production. The delay also raises questions about the future stability of the semiconductor industry in the U.S. for companies that don’t have the same capital as giants like TSMC.
There are also some agreements that seem to show some wins with the new tariffs politics. Trump announces $100 billion investment in U.S. from TSMC. Also Nvidia aims to spend several hundred billion dollars to procure US-made chips and electronics over the next four years, the Financial Times reported.
TSMC’s New Arizona Fab! Apple Will Finally Make Advanced Chips In The U.S.
While Trump’s tariff policy might boost investments into the U.S. by semiconductor manufacturers looking to avoid added costs, it won’t solve the labor shortage impacting the industry. Solving the problem will require a combined effort from chip manufacturers, education leaders, and government support. Those will be challenges. Semiconductor Industry Association project the semiconductor industry’s workforce will grow by nearly 115,000 jobs by 2030, from approximately 345,000 jobs today to approximately 460,000 jobs by the end of the decade, representing 33% growth. Of these new jobs, we estimate roughly 67,000—or 58% of projected new jobs (and 80% of projected new technical jobs)—risk going unfilled at current degree completion rates. Intel’s Ohio project, touted as one of the most ambitious semiconductor production facilities in the U.S., has faced delays due to logistical challenges, workforce issues, and regulatory hurdles. TSMC also had to delay its Arizona production schedules when it became clear there wasn’t enough specialized labor to operate its new facilities. This situation is not inherently unique to the U.S., as China, the EU, and even chip powerhouse Taiwan face obstacles caused by the labor shortage. To create a strong domestic ecosystem, the U.S. must grow a strong workforce that can run the new facilities.
In addition to chips there is will to have move the whole electronics products back to USA from Asia. Experts doubt Trump line that tariffs will shift manufacturing from Asia. The White House is insisting that Donald Trump’s vision of Apple’s flagship iPhones being manufactured in the US will come to fruition, despite assertions from analysts and the company itself that it would not be possible.. The reason seems to be that the US does not have the workforce of other nations where the vast majority of its electronics are currently manufactured, such as China, which makes about 85% of iPhones, India and Vietnam. The Wall Street Journal reported that, based on conversations with manufacturing experts, making and assembling all the components required to build an iPhone in the US would be impossible. “But shifting some manufacturing here? Not totally insane,” wrote WSJ’s tech team. For propaganda purposes China Creates Mocking AI Video of Average Americans Working in Garment Factory.
Intel 2025: Intel is in problem, and it is expected that it will sell some of it’s parts in 2025. In March Intel Corporation announced that its board of directors has appointed Lip-Bu Tan, an accomplished technology leader with deep semiconductor industry experience, as chief executive officer. The cutting-edge High Numerical Aperture Extreme Ultraviolet (High NA EUV) lithography tools is not expected to be production-ready until 2027 for a later node, designated 14A. It is expected that before that Intel would be forced to rely on existing Low NA EUV technology for 18A, likely employing complex and costly multi-patterning techniques. But new feature in Intel’s 18A is the utilization of BSPDN (Backside Power Delivery) that can give improved power efficiency along with signal integrity. Intel’s 18A is said to report an SRAM density equal to that of TSMC’s N2 process, signaling a massive breakthrough for the IFS and its semiconductor ambitions. Nvidia and Broadcom are running manufacturing tests with Intel, using the company’s most advanced production techniques, known as 18A. AMD is also evaluating whether Intel’s 18A manufacturing process is suitable for it.
TSMC-Intel semiconductor race is pretty much on, and it looks like the competition is going to get a lot more fiercer. Dutch company ASML – the sole global supplier of all EUV lithography machines – High NA EUV represents the next generation of this critical technology. TSMC gained ground by adopting EUV and at the same time, Intel extended the life of older DUV technology with complex multi-patterning, ultimately losing its process leadership.
Intel reported a 2024 net loss of $18.8 billion, its first since 1986, driven by large impairments. Intel was trying to get in on the AI bandwagon and invested a lot in it. It turned out that they have no chance of getting in on the AI bandwagon and ARM chips are still eating their x86 CPU market. This is a big business problem. Intel is expected to sell some of it’s parts. Multiple companies have expressed interest in buying parts of Intel. Intel is likely to be broken up into at least two, possibly even three or more pieces. Who will get Altera in 2025? Was the first question that was answered. Intel’s breakup begins with sale of $8.75B-valued Altera to private equity giant Silver Lake. Then we are waiting for the next move in Intel’s plan to shed non-core assets and reinvent itself. Hell freezes, pigs fly: Rumor has it that Intel could merge with AMD’s former foundry in potential multi-billion deal with GlobalFoundries or Taiwan Semiconductor Manufacturing Co (TSMC) and the world’s number two chip design firm Broadcom divide its assets up. We will sew that is happening later this year.
The buildout of AI infrastructure in the US has reached a macro-level scale, and ensuring continuous growth will require ample availability of capital. There is a fear that the economic uncertainty induced by Trump tariffs could become the single largest barrier to American AI supremacy because economic uncertainty often leads to delays, and delays leads to contractions. Fortunately, on a micro level, research indicates that the tariffs will not impact (for the most part) the competitiveness of the United States in AI infrastructure costs but rather through capital accessibility. Let’s wait to see how changing tariffs, loopholes, and global trade for AI-related infrastructure equipment. Cost of capital is rising, with soaring 10 year interest rates, and the tightening of financial conditions could likely lead to a short-term slowdown in the AI infrastructure buildout.. Tariffs can potentially have major short-term impact on US hyperscalers if they affect the key components. At the moment GPU servers are largely exempted from tariffs, but optical module costs will increase by 25-40%. Some manufacturers are significantly better positioned than others. Mexico is already a large assembly hub and will take a central role in this new world order. Datacenter construction costs could increase by mid-to-high single digits – but the TCO impact for GPU cloud operators is likely less than 2%.increase. Retaliatory tariffs targeting US Big Tech are possible.
Sources:
https://futurism.com/elon-musk-trouble-donald-trump-tariffs
https://www.salkunrakentaja.fi/2025/04/trump-tullifarssi-aloitteleva-sijoittaja/
https://knowyourmeme.com/memes/events/orange-monday-2025-stock-market-crash
https://trib.al/3SqaBJz
https://knowyourmeme.com/editorials/guides/why-are-people-calling-today-orange-monday-memes-inspired-by-the-2025-stock-market-crash-explained
https://asia.nikkei.com/Economy/Trade-war/Trump-tariffs/Trump-chip-tariff-threat-throws-wrench-into-global-supply-network
https://www.bloomberg.com/news/articles/2025-03-20/nvidia-will-spend-hundreds-of-billions-on-chips-made-in-us-ft
https://yle.fi/a/74-20156456
https://wccftech.com/intel-18a-process-reportedly-comes-with-sram-density-on-par-with-tsmc-n2/
https://www.semiconductors.org/chipping-away-assessing-and-addressing-the-labor-market-gap-facing-the-u-s-semiconductor-industry/
https://futurism.com/elon-musk-trouble-donald-trump-tariffs
https://www.cnbc.com/2025/03/03/tsmc-to-announce-100-billion-investment-in-us-chip-plants.html
https://www.manufacturingdive.com/news/trump-biden-chips-act-future-federal-cuts-layoffs-musk/741052/
https://etn.fi/index.php/opinion/17239-trumpin-tariffisekoilu-aiheuttaa-ongelmia-puolijohdealalla
https://etn.fi/index.php/13-news/17249-tunnelin-paeaessae-naekyy-jo-valoa
https://www.bloomberg.com/news/articles/2025-03-05/trump-calls-for-end-to-52-billion-chips-act-subsidy-program
https://www.eetimes.com/trumps-revamp-of-chips-act-aims-at-big-investments/
https://www.techradar.com/pro/hell-freezes-pigs-fly-rumor-has-it-that-intel-could-merge-with-amds-former-foundry-in-potential-multi-billion-deal
https://www.techspot.com/news/106408-nvidia-transitions-advanced-cowos-l-chip-packaging-signaling.html
https://wccftech.com/intel-18a-process-reportedly-comes-with-sram-density-on-par-with-tsmc-n2/?fbclid=IwY2xjawIltX9leHRuA2FlbQIxMQABHYvnrhR4eesq60Y5LSNJolLapE3d5cLhC_nGCgoVHz228stCegxQkjiEzw_aem_H4OUKANJtC2QMgoj7aB83A
https://www.theedgesingapore.com/views/tech/intel-nears-end-tsmc-and-broadcom-ready-deals
https://semianalysis.com/2025/04/10/tariff-armageddon-gpu-loopholes/
https://www.calcalistech.com/ctechnews/article/syug00y9rkx#google_vignette
https://futurism.com/elon-musk-trouble-donald-trump-tariffs
https://hillsboroherald.com/the-hillsboro-oregon-gambit-is-intel-about-to-rewrite-the-rules-of-chipmaking-with-a-secret-weapon-and-a-surprising-ally/
https://futurism.com/china-mocking-ai-video-americans-sweatshop
https://futurism.com/trump-iphones-america
https://www.lightreading.com/smartphones-devices/Trump-tariffs-won%27t-bring-iPhone-manufacturing-to-US-shores
https://www.techzine.eu/news/infrastructure/130056/dutch-attempt-to-keep-asml-is-at-a-gridlock/
https://dawn.fi/uutiset/2025/04/04/nintendo-switch-2-ennakkotilaukset-siirretty-trump-tullit
https://www.bloomberg.com/news/articles/2025-03-20/nvidia-will-spend-hundreds-of-billions-on-chips-made-in-us-ft
https://www.youtube.com/watch?v=WHat_LYrpQE
https://newsroom.intel.com/corporate/intel-appoints-lip-bu-tan-chief-executive-officer
https://www.investing.com/news/stock-market-news/exclusivetsmc-pitched-intel-foundry-jv-to-nvidia-amd-and-broadcom-sources-say-3922603
171 Comments
Tomi Engdahl says:
Amala Balakrishner / CNBC:
Shares of SoftBank plunged as much as 9.2% on Wednesday, as tech stocks in Japan, South Korea, Taiwan and Hong Kong fall after US tech stocks dropped overnight — Shares Japan’s SoftBank Group plunged as much as 9.2% Wednesday, as technology stocks in Asia declined, tracking losses in U.S. peers overnight.
https://www.cnbc.com/2025/08/20/softbank-group-shares-plunge-over-9percent-as-asian-tech-stocks-decline-.html
Tomi Engdahl says:
CNBC:
US Commerce Secretary Howard Lutnick says Intel must give the government an equity stake in the company in return for CHIPS Act funds; INTC closes up 7% — Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds.
Lutnick says Intel has to give government equity in return for CHIPS Act funds
https://www.cnbc.com/2025/08/19/lutnick-intel-stock-chips-trump.html
Key Points
Commerce Secretary Howard Lutnick told CNBC that the U.S. government must receive an equity stake in Intel in exchange for CHIPS Act funds.
The potential deal would convert the grants into equity and wouldn’t come with governance rights in Intel, Lutnick said.
President Donald Trump has called for more reshoring of U.S. manufacturing to reduce the country’s reliance on foreign chipmakers.
Tomi Engdahl says:
Financial Times:
Sources: Masayoshi Son met Lip-Bu Tan to discuss SoftBank acquiring Intel’s faltering foundry business in the weeks before announcing SoftBank’s $2B investment
SoftBank held talks with Intel on buying contract chipmaking business
https://www.ft.com/content/c4f59a54-7503-4463-828b-414d2d89c85f
Tomi Engdahl says:
Dominic Preston / The Verge:
What to expect from Google’s “Made by Google” Pixel hardware event on August 20: four Pixel 10 phones, including a Pro Fold, Pixel Watch 4, and Pixel Buds 2A
Made by Google 2025: what to expect from Google’s new Pixel hardware
https://www.theverge.com/news/761300/made-by-google-what-to-expect-pixel-10-pro-xl-fold-watch-4-buds-2a
Four phones, a smartwatch, and a pair of earbuds are likely launching at tomorrow’s Pixel hardware event.
Tomi Engdahl says:
Ryan Vlastelica / Bloomberg:
Analysis: Intel’s stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years
https://www.bloomberg.com/news/articles/2025-08-19/intel-s-24-billion-rally-sends-valuation-to-dot-com-era-levels
Tomi Engdahl says:
Tämä yllättää monet: HDD-kiintolevyjen markkina lähtee kasvuun
https://etn.fi/index.php/13-news/17809-taemae-yllaettaeae-monet-hdd-kiintolevyjen-markkina-laehtee-kasvuun
Moni on pitänyt SSD-levyjä väistämättömänä voittajana tallennusmarkkinoilla, mutta tuore analyysi kertoo toista. Tom Coughlinin Digital Storage Technology Newsletter -raportti ennustaa, että HDD-kiintolevyjen kapasiteettitoimitukset kasvavat jyrkästi vuoteen 2030 saakka.
Vuoden 2025 ensimmäisellä neljänneksellä HDD-toimitukset laskivat määrällisesti 9,5 prosenttia edelliseen neljännekseen verrattuna (29,7 miljoonaa kappaletta). Myös eksatavuina mitattuna nähtiin 4,4 prosentin pudotus, ja liikevaihdot laskivat 8,4 prosenttia.
Silti pitkän aikavälin näkymä on positiivinen: raportin mukaan kokonaiskapasiteetti toimitetuissa kiintolevyissä kasvaa jyrkästi vuoteen 2030 asti, vaikka yksikkömyynti ei kasvaisikaan samassa suhteessa. Tämä johtuu siitä, että yhä suurempi osa toimituksista on massakapasiteetin 3,5-tuumaisia levyjä, joiden tallennustiheys nousee vuosi vuodelta.
Tomi Engdahl says:
Wall Street Journal:
Two former executives who ran the CHIPS Program Office say the US-Intel deal won’t solve Intel’s real issue: a lack of external customers for its foundry unit — The Chips Act wasn’t about raising revenue, and an equity share wouldn’t enhance national security.
Uncle Sam Shouldn’t Own Intel Stock
The Chips Act wasn’t about raising revenue, and an equity share wouldn’t enhance national security.
https://www.wsj.com/opinion/uncle-sam-shouldnt-own-intel-stock-ccd6986d?st=5YqsGK&reflink=desktopwebshare_permalink
The Trump administration and Intel announced Friday that the government will exchange Intel’s Chips Act grants for equity in the company. We ran the Commerce Department’s Chips program and spent hundreds of hours with Intel and its customers. This approach is a mistake.
The bipartisan 2022 Chips and Science Act was designed to reverse decades of disinvestment in domestic semiconductor manufacturing. The U.S. relies almost entirely on Taiwan for the advanced chips that power artificial-intelligence, communications and national-security systems. That dependence creates unacceptable risk. The Chips Act’s grants, loans and tax credits are intended to close the cost gap with semiconductor manufacturing in Asia and foster investment in the U.S.
The taxpayer’s return on these investments comes not in the form of revenue for the government but enhanced national security and supply-chain resilience. That return is being realized to an extraordinary extent. We have seen more U.S. investment in electronics manufacturing since Chips was authorized than in the prior 30 years combined. More than $500 billion in investment has been announced. All five global companies capable of leading-edge logic and memory manufacturing are expanding on our shores. No other country can say the same.
Some background on Intel: The company’s products business, which designs chips for computers and servers, is large and profitable but not a national-security priority. That business underpins most of Intel’s roughly $100 billion market capitalization. What matters to national security is Intel’s foundry, the manufacturing arm that could, in theory, produce chips for other companies as well as Intel’s internal products. That foundry is struggling. It lost more than $13 billion last year and has almost no external customers. Making Intel’s foundry competitive and profitable on U.S. shores should be a national priority.
A government equity stake doesn’t solve that problem. Intel has no trouble raising capital in public markets—its recent $2 billion equity injection from SoftBank proves that—and there is no need for taxpayer dollars to replace what private capital is already willing to provide. Unlike grants, equity comes at a steep cost to Intel. Transferring grants into equity therefore risks putting Intel at a cost disadvantage relative to other chip makers, which are manufacturing predominantly in low-cost Asian countries and receiving direct incentives in the U.S. and around the world.
There are also practical risks. Suppose Intel announces layoffs in an election year. Will Washington look as if it is profiting from job cuts? When policymakers set semiconductor strategy, will they be doing so as national stewards or as corporate shareholders? And will South Korea’s Samsung and Taiwan’s TSMC—now both essential partners in U.S. manufacturing—see a level playing field if Intel is a government-owned competitor? Where does this new model of state capitalism stop?
Tomi Engdahl says:
https://etn.fi/index.php/13-news/17816-digi-osti-automaatio-ja-ohjelmisto-osaamista
Digi International, joka tunnetaan IoT-ratkaisujen toimittajana, on ostanut yhdysvaltalaisen Jolt Software Inc:n noin 145,5 miljoonalla dollarilla. Jolt tunnetaan erityisesti ratkaisuistaan vähittäiskaupan ja juomateollisuuden ohjelmistojen toimittajana.
Tomi Engdahl says:
Trump warns US could ‘destroy China’ over magnet exports, threatens 200% tariff
China, which controls about 90% of global rare-earth magnet production, saw shipments to the U.S. surge 660% in June after earlier export curbs.
Updated: Aug 26, 2025 03:31 AM EST
https://interestingengineering.com/culture/donald-trump-threatens-tariffs-on-beijing?utm_source=facebook,instagram,linkedin,twitter&utm_medium=social&fbclid=IwQ0xDSwMaxxBjbGNrAxrGzWV4dG4DYWVtAjExAAEeIn0T6U9MfsYm2TF-mOSwhp1glzDaO8vyHd4Whit8Nz_H_C2UC4c38SD9dZ0_aem__3_i5Aak0oThOxUl8BOx-Q
Tomi Engdahl says:
Kif Leswing / CNBC:
Nvidia reports Q2 revenue up 56% YoY to $46.74B, Data Center revenue up 56% to $41.1B, below $41.34B est., and approves an additional $60B in share buybacks — Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50% …
Nvidia beats on top and bottom lines. Here’s why the stock is falling
https://www.cnbc.com/2025/08/27/nvidia-nvda-earnings-report-q2-2026.html
Key Points
Nvidia beat on earnings and revenue for the quarter and issued guidance for the current period that topped estimates.
The stock slid in extended trading as data center revenue came of short of expectations.
Nvidia said there were no sales of H20 processors to China-based customers in the period, but the company benefited from the release of $180 million worth of inventory to a client outside of China.
Tomi Engdahl says:
Wen-Yee Lee / Reuters:
Taiwan indicts three people for allegedly stealing TSMC’s 2nm secrets to help Tokyo Electron, the first such case, and recommends a combined 14-year prison term
Taiwan prosecutors indict three people for stealing TSMC trade secrets to help its supplier Tokyo Electron
https://www.reuters.com/markets/emerging/taiwan-prosecutors-indict-three-people-stealing-tsmc-trade-secrets-help-its-2025-08-27/
TAIPEI, Aug 27 (Reuters) – Taiwan prosecutors said on Wednesday that they indicted three people for theft of trade secrets from chipmaker TSMC (2330.TW), opens new tab, accusing them of conspiring to use the information to help Japan’s Tokyo Electron (8035.T)
, opens new tab in competing for TSMC supplier deals for the 2-nanometer process.
The three defendants included a former TSMC employee, surnamed Chen, who after joining chipmaking tools supplier Tokyo Electron had allegedly solicited help from his former colleagues for the information on TSMC’s technology trade secret, the prosecutors said.
Tomi Engdahl says:
https://etn.fi/index.php/13-news/17833-nvidia-painaa-rahaa-hirvittaevaellae-katteella
Tomi Engdahl says:
https://etn.fi/index.php/13-news/17832-64-gigabittiae-kahteen-suuntaan-sirujen-vaelillae
Tomi Engdahl says:
Dell reports Q2 revenue up 19% YoY to $29.78B, vs. $29.17B est., and forecasts Q3 EPS of $2.45, below $2.55 est.; DELL drops 5%+ after hours — Despite beating on its top and bottom lines, shares of Dell Technologies fell more than 5% Thursday in extended trading after giving third-quarter …
Dell shares fall on soft third-quarter earnings outlook
Published Thu, Aug 28 20254:06 PM EDTUpdated Thu, Aug 28 20254:22 PM EDT
https://www.cnbc.com/2025/08/28/dell-earnings-report-q2-2026.html
Dell Technologies reported second fiscal quarter results on Thursday that beat Wall Street expectations for sales and revenue.
The company attributed the results to strong growth in its AI server business.
Dell said that it now plans to ship $20 billion of AI servers in its fiscal 2026, double what it sold last year.
Tomi Engdahl says:
Jonathan Vanian / CNBC:
Intel CFO David Zinser says the company received $5.7B in cash from the US government on August 27; the White House says the deal is still “being ironed out” — Intel CFO David Zinser said that the semiconductor giant received $5.7 billion from the U.S. government on Wednesday evening.
Intel gets $5.7 billion from Trump deal as White House says details are ‘being ironed out’
https://www.cnbc.com/2025/08/28/intel-trump-deal-commerce.html
Intel CFO David Zinser said that the semiconductor giant received $5.7 billion from the U.S. government.
The investment is part of the U.S. government’s decision last Friday to take a 10% stake in the beleaguered computer chip company.
White House press secretary Karoline Leavitt said the Intel deal is still “being ironed out by the Department of Commerce.”
Financial Times:
Intel CFO says the US deal aims to deter Intel from selling its foundry; it lets the US buy 5% more at $20/share if Intel’s stake in the unit falls below 51% — US chipmaker has faced pressure to sell lossmaking foundry business struggling to compete with TSMC
Trump Intel deal designed to block sale of chipmaking unit, CFO says
https://www.ft.com/content/29fb5020-2b25-429a-b63f-18356b467e7a
Tomi Engdahl says:
Mike Wheatley / SiliconANGLE:
Marvell reports Q2 revenue up 58% YoY to $2.01B, in line with estimates, and forecasts Q3 revenue at $2.06B, below $2.11B est.; MRVL drops 11%+ after hours
https://siliconangle.com/2025/08/28/marvells-stock-slumps-concerns-custom-silicon-long-term-prospects-look-strong/
Tomi Engdahl says:
Reuters:
Autodesk reports Q2 revenue up 17% YoY to $1.76B, vs. $1.73B est., forecasts Q3 revenue above est., and raises its annual forecasts; ADSK jumps 10%+ after hours — Autodesk (ADSK.O) raised its annual revenue and profit forecasts on Thursday, betting on growing demand for its design and engineering software …
https://www.reuters.com/technology/autodesk-raises-annual-forecasts-growing-software-demand-shares-rise-2025-08-28/
Tomi Engdahl says:
Bloomberg:
Sources: Trump’s threat of “substantial” tariffs on countries imposing digital taxes came after Zuckerberg raised concerns about the taxes in a private meeting — President Donald Trump threatened to inflict “substantial” tariffs on countries that impose digital taxes just days …
Zuckerberg Pressed Trump on Digital Taxes Before Tariff Vow
https://www.bloomberg.com/news/articles/2025-08-28/zuckerberg-lobbied-trump-on-digital-taxes-before-tariff-threat
Tomi Engdahl says:
Electricity Is Becoming Unbelievably Expensive as the US Power Grid Decays Into Ruin
Shocking.
https://futurism.com/electricity-usa-expensive-decaying?fbclid=IwdGRjcAMfrphjbGNrAx-trmV4dG4DYWVtAjExAAEeXRo4p18KSUA3Wz4ku9cDYWLUULYxFW67Z03hrgf1uDblD1ymDLZdwLIvkhE_aem_WGJbbqqWPSeBeMDtUKAPvw
The US electrical grid is facing a stress test like never before. Thanks to a perfect storm of AI power consumption, climate crisis, crony capitalism, and a president bent on uprooting perfectly good energy infrastructure, the country’s already-struggling power system is rapidly crumbling as costs balloon into the stratosphere.
A recent analysis by Bloomberg underscores just how dire it’s getting. In the country’s largest continuous grid — a 13-state monstrosity managed by PJM Interconnection LLC — the media company notes that power costs have set record highs for two years in a row.
Tomi Engdahl says:
Wall Street Journal:
At a White House dinner, tech CEOs thanked Trump for promoting chip and AI investments, while Trump promised an easy energy permitting process for data centers — Mark Zuckerberg, Sundar Pichai and Sam Altman salute president’s leadership on innovation as industry seeks his favor
Tech CEOs Take Turns Praising Trump at White House Dinner
Mark Zuckerberg, Sundar Pichai and Sam Altman salute president’s leadership on innovation as industry seeks his favor
https://www.wsj.com/politics/trump-tech-ceo-rose-garden-dinner-1fee2de3?st=F5wcJg&reflink=desktopwebshare_permalink
Tomi Engdahl says:
How can a more sustainable future be crafted in the semiconductor industry?
How technological innovation can empower the semiconductor industry to integrate further sustainability into its operations
https://www.ft.com/partnercontent/jsr-corporation/how-can-a-more-sustainable-future-be-crafted-in-the-semiconductor-industry.html?utm_source=FT&utm_medium=manufacturing&utm_content=paid&fbclid=IwdGRleAMmu-VleHRuA2FlbQEwAGFkaWQBqyVvGJAItgEecGxFzmQXuCbYY7yC16_Qoh0YQDLRBOHNRT_bdcAM36sidXhSQSsmR1uoGm8_aem_y_aYYKo89KJXQ6l-OSNI7Q&utm_id=120230875302950278&utm_term=120230875302940278&utm_campaign=120230875302950278
Over the last twenty-five years, society has seen the emergence of an ever increasing number of breakthrough technologies, powering digitalisation in Artificial Intelligence (AI), 5G telecoms, high-performance computing and consumer electronics. As far back as 2014, Neelie Kroes, the former Vice-President of the European Commission responsible for the Digital Agenda, said, “Digital technologies are changing our world. Today we are already seeing the difference it makes. From cars to classrooms; from payments to power stations”. Technology’s creeping advance has gone from strength to strength, with technology becoming increasingly sophisticated, revolutionising countless fields and industries.
More power requires more resources, leading to a boom in the semiconductor industry, which achieved record sales of $556 bn in 2021.