Nvidia to partner Malaysia's YTL Power in $4.3 billion AI development project

Sales rose 3.9%, compared to the September 2023 total of $44.9 billion, SIA added.
https://seekingalpha.com/news/4044808-sia-sees-double-digit-growth-for-global-semiconductor-sales-in-2024

Global semiconductor industry sales for October fell 0.7% year-over-year to $46.6 billion, according to data from The Semiconductor Industry Association [SIA].

Sales rose 3.9%, compared to the September 2023 total of $44.9 billion, SIA added.
https://seekingalpha.com/news/4044808-sia-sees-double-digit-growth-for-global-semiconductor-sales-in-2024

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=225451&name=EA_FR_ATTACHMENTS

https://m.malaysiastock.biz/Company-Announcement.aspx?id=1523751

https://www.thestar.com.my/business/business-news/2023/11/28/dnex-to-remain-resilient-while-leveraging-on-its-expertise

The global semiconductor manufacturing industry is on track for recovery in the fourth quarter of 2023, setting the stage for continued growth in 2024, Semi and Techinsights predict. Q4 IC sales are expected to rise 4 percent sequentially as end demand improves and inventories normalize. Electronic sales are predicted to register a robust 22 percent quarter-over-quarter increase in Q4 2023..
https://bits-chips.nl/artikel/ic-sales-start-moving-upward/

The global semiconductor manufacturing industry is on track for recovery in the fourth quarter of 2023, setting the stage for continued growth in 2024, Semi and Techinsights predict. Q4 IC sales are expected to rise 4 percent sequentially as end demand improves and inventories normalize. Electronic sales are predicted to register a robust 22 percent quarter-over-quarter increase in Q4 2023.
https://bits-chips.nl/artikel/ic-sales-start-moving-upward/

Global semiconductor sales to jump 20% in 2024: IDC
In an updated version of its semiconductor market outlook, IDC has forecast that after a period of decline, chip industry revenue will hit $633 billion in 2024 .
https://www.computerworld.com/article/3710570/global-semiconductor-sales-to-jump-20-in-2024-idc.amp.html

The average selling price (ASP) for semiconductors in 3Q23 was US$0.568 per unit, which increased by 3.6% from Q2 and also enjoyed double-digit growth of 11.6% from the same period last year, showing signs of recovery, according to World Semiconductor Trade Statistics (WSTS).
https://www.digitimes.com/news/a20231117VL200/semiconductor-china-ic-manufacturing-japan-wsts.html

Analysts upbeat on Malaysian Pacific Industries prospects amid semiconductor recovery
https://theedgemalaysia.com/node/690181

HIGHEST GROWTH IN PROFIT AFTER TAX OVER THREE YEARS: TECHNOLOGY: Malaysian Pacific Industries Bhd - Automotive-centric strategy proves prescient

https://theedgemalaysia.com/node/689627

Malaysia plans to accelerate its EV and chip sectors as supply chains shift
https://asia.nikkei.com/Spotlight/Supply-Chain/Malaysia-plans-to-accelerate-its-EV-and-chip-sectors-as-supply-chains-shift

Malaysia welcomes investments in semiconductor value chain
https://theedgemalaysia.com/node/688956

KLCI expected to trend higher in coming week
https://theedgemalaysia.com/node/689751

Chip sector – from crisis to recovery
https://www.thestar.com.my/business/business-news/2023/11/11/chip-sector---from-crisis-to-recovery

Logistics players ride the wave of Malaysia’s semiconductor surge from ‘chip war’
https://www.straitstimes.com/asia/se-asia/logistics-players-ride-the-wave-of-malaysia-s-semiconductor-surge-from-chip-war

TSMC October revenue hits new high, up 34.8% MoM
https://www.digitimes.com/news/a20231110PD207/ic-manufacturing-japan-semiconductor-tsmc.html

Nvidia will reportedly sell new chips to China that still meet U.S. rules
https://www.cnbc.com/2023/11/10/nvidia-will-reportedly-sell-new-chips-to-china-that-still-meet-us-rules.html

Two of Bank of America Corp.’s leading markets strategists struck a rare agreeable tone on Friday, each prophesying gains ahead for equities — at least in the near term.

BofA Warns ‘Fear Just as Costly as Greed,’ Says Buy US Stocks
Subramanian sees better entry point in S&P 500 now than July
Hartnett says technical factors no longer impede equity gains
https://www.bloomberg.com/news/articles/2023-11-03/bofa-s-hartnett-says-technicals-no-longer-impede-s-p-500-rally#xj4y7vzkg

TSMC expects 2024 to be a "healthy" growth year for the pure-play foundry despite uncertain macro conditions, according to company CEO CC Wei during an earnings conference call on October 18.

TSMC Beats Q3 Profit and Sales Estimates, Expects 'Healthy Growth Year' in 2024
https://www.investopedia.com/tsmc-beats-q3-profit-and-sales-estimates-expects-healthy-growth-year-in-2024-8363739

TSMC forecasts revenue recovery in Q4
https://www.mobileworldlive.com/greater-china/tsmc-forecasts-revenue-recovery-in-q4/

NEW YORK, Oct 13 (Reuters) - Philadelphia Federal Reserve President Patrick Harker said on Friday he believes the U.S. central bank is likely done with its cycle of interest rate hikes amid an ongoing waning in price pressures.

"Absent a stark turn in what I see in the data and hear from contacts ... I believe that we are at the point where we can hold rates where they are," Harker said in a virtual speech to the Delaware State Chamber of Commerce.

Fed's Harker says rate hikes likely over amid ongoing disinflation
https://www.reuters.com/markets/rates-bonds/feds-harker-amid-ongoing-disinflation-rate-hikes-likely-over-2023-10-13/

Bright signs are emerging for semiconductor stocks, which had been sluggish during the July-September period. The inventory adjustment that has continued since last year had been lingering longer than market participants had expected. However, there has been a rebound in the memory market recently, leading to increasing views that the recovery trend of the semiconductor industry will become more apparent in the future.

Prices of core products such as DRAM (memory that requires retention operations for occasional writing and reading) and NAND flash memory used for smartphone data storage showed signs of bottoming out in the first half of this year. However, they had not fully recovered, weighing on semiconductor stocks. Yet, signs of a turnaround have started to appear in the past few weeks.

Global semiconductor sales have been on a recovery trend, and it is highly likely that they will turn positive year-on-year for the first time since July of last year. Looking at past cases, once sales turn positive, the increasing trend often continues, leading to significant rises in semiconductor stocks.

The earnings for the July-September period announced by South Korea's Samsung Electronics this week also indicated a smaller margin of profit decline compared to the April-June period. This further supports the view that the semiconductor industry has passed its worst phase.

Bright signs are emerging for semiconductor stocks, which had been sluggish during the July-September period. The inventory adjustment that has continued since last year had been lingering longer than market participants had expected. However, there has been a rebound in the memory market recently, leading to increasing views that the recovery trend of the semiconductor industry will become more apparent in the future.

Prices of core products such as DRAM (memory that requires retention operations for occasional writing and reading) and NAND flash memory used for smartphone data storage showed signs of bottoming out in the first half of this year. However, they had not fully recovered, weighing on semiconductor stocks. Yet, signs of a turnaround have started to appear in the past few weeks.

Global semiconductor sales have been on a recovery trend, and it is highly likely that they will turn positive year-on-year for the first time since July of last year. Looking at past cases, once sales turn positive, the increasing trend often continues, leading to significant rises in semiconductor stocks.

The earnings for the July-September period announced by South Korea's Samsung Electronics this week also indicated a smaller margin of profit decline compared to the April-June period. This further supports the view that the semiconductor industry has passed its worst phase.

URGENT: Japan chipmaker Kioxia, Western Digital to agree to merge: sources
https://www.nippon.com/en/news/kd1085511976280211472/urgent-japan-chipmaker-kioxia-western-digital-to-agree-to-merge-sources.html

As dovish Fed remarks lower rate expectations, the dollar declines in early trade

Dollar slips as dovish Fed speak dials down rate expectations
https://www.reuters.com/markets/currencies/dollar-slips-dovish-fed-speak-dials-down-rate-expectations-2023-10-10/

China woes slowing Asean+3 growth but outlook bright
Domestic demand remains a key driver while global technology cycle set to recover
https://www.theasset.com/article/50156/china-woes-slowing-asean3-growth-but-outlook-bright

China woes slowing Asean+3 growth but outlook bright
Domestic demand remains a key driver while global technology cycle set to recover
https://www.theasset.com/article/50156/china-woes-slowing-asean3-growth-but-outlook-bright

Now Malaysia is hoping to make a comeback as the industry pushes to diversify production amid flaring U.S.-China tensions. In addition to Infineon's investment, Intel of the U.S. plans to pour $7 billion into Malaysia to turn the country into the company's primary production base in Asia.

Malaysia aims for chip comeback as Intel, Infineon and more pile in
https://www.ft.com/content/56cd8f3d-acf6-4898-9895-bdb15da43f07

Oil Price Forecast: Fresh Highs as Concerns About Further Cuts from Saudi Arabia Linger

Oil Rally Picks Up Steam as US Benchmark WTI Hits $90 a Barrel
US oil futures reach milestone for first time since November
Key industry groups expect tighter market in the coming months

Dagang Nexchange Bhd (DNeX) has proposed a private placement to raise up to RM133.44 million as funding for the expansion of its oil and gas segment.

https://theedgemalaysia.com/node/682326

吉隆坡13日讯）捷铵科技（JHM，0127，主板科技股）宣布，与中国江苏德凯汽车零件公司签署谅解备忘录（MOU），生产和销售汽车照明产品。

捷铵科技将和江苏德凯汽车零件公司成立一家联营公司，设计、制造和推广汽车照明产品，并在大马和东南亚国家销售这些产品。

捷铵科技和江苏德凯汽车零件公司将分别持有联营公司--捷铵科技德凯汽车照明公司的55%和45%股权。

https://theedgemalaysia.com/node/681766

https://www.thestar.com.my/business/business-news/2023/09/02/hibiscus-and-dagang-nexchange-in-north-sea-deal

China chip stocks rally after Huawei's low-key launch of new Mate 60 Pro phone

SHENZHEN, China/SHANGHAI (Reuters) -Chinese chip stocks rallied on Wednesday following Huawei Technologies’ launch of its new Mate 60 Pro phone, as investors speculated it could be using a 5G capable chip which, if true, would be a win for China’s local semiconductor sector.

China chip stocks rally after Huawei's low-key launch of new Mate 60 Pro phone

SHENZHEN, China/SHANGHAI (Reuters) -Chinese chip stocks rallied on Wednesday following Huawei Technologies’ launch of its new Mate 60 Pro phone, as investors speculated it could be using a 5G capable chip which, if true, would be a win for China’s local semiconductor sector.
https://www.usnews.com/news/technology/articles/2023-08-30/chip-stocks-rally-after-huaweis-low-key-launch-of-new-mate-60-pro-phone?utm_source=flipboard&utm_content=user%2FUSNews

China chip stocks rally after Huawei's low-key launch of new Mate 60 Pro phone
https://jp.reuters.com/article/china-huawei-tech-idCAKBN3050BU

.

China’s property crisis deepens as developer Country Garden at risk of default
Evergrande has filed for bankruptcy protection and firms covering 40% of Chinese home sales have defaulted

Evergrande: China property giant files for US bankruptcy protection

After a strong GDP report for Q2 there were a lot of expectations for some of the momentum in the US economy to fade. Despite Fed rate hikes, the economy has expanded at an annual rate of at least 2% over the last four quarters after the technical recession at the beginning of 2022. Personal consumption has also been strong since the end of the pandemic, growing by at least 1% in every quarter since the beginning of the pandemic. Surely these numbers couldn’t be maintained after more than 500 basis points of hiking? Early July economic data suggests that it is possible.

Early July Economic Data Leads to a Sharp Increase in Q3