Qualcomm (QCOM), Samsung and Taiwan Semiconductor Manufacturing (TSM) could ruffle through their “considerable” war chests to acquire privately-held chipmaker GlobalFoundries, a Summit Research analyst said Monday. Meanwhile, a Semiconductor Advisors analyst suggested that Teradyne (TER) could be the next chip equipment company swallowed amid rampant semiconductor M&A action. On Nov. 24, Bloomberg reported that Abu Dhabi’s investment arm,
Apple (AAPL) chipmaker Taiwan Semiconductor Manufacturing (TSM) announced Tuesday it would shutter its costly solar operations by month’s end. The move will likely reduce TSM’s EPS by 7 cents in Q3, Steve Tsu, chairman of TSM Solar, said in a company press release. Tsu said the company couldn’t turn a profit with its solar manufacturing and that even the most aggressive cost-reduction plan wouldn’t make the solar subsidiary viable. “TSMC continues
Four Apple (AAPL) chip suppliers tried to fight back from early losses Monday amid a broad sell-off: Skyworks Solutions (SWKS), Qorvo (QRVO), Cavium (CAVM) and Taiwan Semiconductor (TSM). The chip stocks all have IBD Composite Ratings of 98 and 99. Skyworks fell below its 50-day line in quick turnover on the stock market today, but the stock pared some of those losses. Shares have been able to find support around the 50-day over the past several