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What it is advisable know concerning the danger of blood clots from J&J vaccines

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What it is advisable know concerning the danger of blood clots from J&J vaccines

j & j vaccine bottle in handsPhoto: ROB ENGELAAR / ANP / AFP (Getty Images)

Six out of over 6 million people who received the Johnson & Johnson / Janssen COVID vaccine have developed a rare type of blood clot. As a result, the FDA and CDC did announced a break in using this vaccine. The break will likely only last a few days.

The reason for the hiatus, according to spokespersons for the FDA and CDC, is to give health care providers across the country time to look out for this rare complication and get the CDC approved Advisory Committee on Vaccination Practices Review the evidence and decide whether to change their recommendations on who should receive the vaccine.

What is the rare complication?

The six cases were from cerebral venous sinus thrombosisA type of stroke that occurs when a clot prevents blood from draining from the brain. This is already a rare condition (2 to 14 cases per million people per year according to the CDC), but what is unusual here is that all six people had CVST along with low platelet counts. Platelets are blood cells that are involved in clotting; Usually CVST occurs in people with normal platelet counts.

These cases are unusual in that they involved CVST and low platelet counts and occurred 6 to 13 days after receiving the Johnson & Johnson vaccine. They are of particular concern because the normal treatment for blood clots is to use anticoagulants such as heparin. However, heparin can be harmful to people with CVST. Therefore, the FDA and CDC want providers to be aware of this rare disease and know that they need to treat it differently.

The people who developed this rare condition were all women between the ages of 18 and 48 years. One case was fatal and one person is in critical condition. It is not yet known whether age, gender, or other medical conditions can predispose a person to developing this complication. We may find out more in the coming days.

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What if i just got the J&J vaccine?

If you received the vaccine a month or more ago, your chances of developing this condition are extremely slim. There are no known cases that started more than 13 days after vaccination.

If you have had the vaccine in the past few days then there is nothing to worry about flu-like symptoms that follow– including headache, tiredness and fever – if they occur within the usual time (a few days or up to about a week after vaccination).

If you’ve had the vaccine in the past few weeks, see a doctor if you develop any of the following symptoms:

  • Strong headache
  • Severe stomach ache
  • Pain in the legs
  • shortness of breath

If you are seeking care, be sure to let your provider know that you received the Johnson & Johnson vaccine and the date you received it. The FDA and CDC state that they are making “aggressive contacts” to ensure all vendors know they are looking for this rare complication.

Is that a problem with the other vaccines?

There is no evidence that these rare blood clots occur in people who received Moderna or Pfizer vaccines. To date, 121 million Americans have received at least one dose of a COVID-19 vaccine, with J&J accounting for between 6 and 7 million of them. If this complication had occurred with the other two vaccines, we would probably have noticed by now. (That doesn’t guarantee they’re completely safe, but the odds are very good.)

However, the AstraZeneca vaccine has been linked to rare blood clots. Both the AstraZeneca and J&J vaccines use an adenovirus vector. One hypothesis is that, on very rare occasions, a person’s immune system may respond to the vector by attacking their own body’s platelets. CDC advisors plan to review current and past research on these and other adenoviral vaccines to find out what is going on.

What does a “pause” actually mean?

The vaccine is not being recalled and is still approved for use in an emergency. The break is a “recommendation, not a mandate,” said Peter Marks, director of the FDA’s Center for Biological Research and Evaluation, at a press conference. If you discuss the vaccine with your provider and the provider agrees that the benefits to you outweigh the risks, they can still give the vaccine. But the recommendation is to hold back for the time being.

If you have an appointment in the next few days, you will likely be asked to reschedule or you may be offered one of the other two vaccine formulations available. If your appointment is longer than a few days, it’s probably best to wait and see.

The CDC Advisory Committee, ACIP, will meet tomorrow to discuss what is currently known on the matter and to consider whether recommendations should be changed. We may know more soon.

Janet Woodcock, Acting Commissioner of the FDA, said in a press conference that “the time frame of the break depends on what we learn in the next few days,” but also, “We expect this to be a matter of days of break.”

How does this compare to the rate of blood clots as a complication of birth control?

Pulmonary embolism and deep vein thrombosis (two types of blood clots that are not the same as CVST) occur in 0.3% to 1% of people who have been taking oral contraceptives containing estrogen for 10 years. Blood clots can also occur as a result of pregnancy. Therefore, the risk of blood clots with birth control pills has long been known, understood, and balanced against the other risks and benefits of taking or not taking these contraceptives.

I only mention this because several people on social media have found a one-in-a-million risk of blood clots from the vaccine compared to the risk we already know and (in many cases) accept from birth control pills have faded.

Numerically that is correct. However, the complication of the vaccine is noteworthy because it is new, because providers need to know that it cannot be treated with standard blood clot treatments, and because it may be possible to avoid the risk altogether by using a different vaccine instead administered.

What does this tell us about vaccine safety in general?

For people who are skeptical of vaccines, the news of this frightening complication seems to be evidence that the vaccines are dangerous.

It is worth noting, however, that the vaccine was on hold because of a 1: 1 million complication and the pause came very quickly when regulators found out about it. Compare this to the misinformation widely shared, which uses fictional or out of context stories to imply that people are falling dead from the vaccine all the time and nobody cares.

Interrupting the vaccine to investigate a rare side effect is a sign that regulators are genuinely paying attention and being transparent about the process of investigating what is going on.

What happens next?

Since the complication can appear a week or two after receiving the vaccine, don’t be surprised if more cases arise in the next week or so. (It’s “too early to speculate how many,” Marks said at the press conference.)

Expect to hear more after the ACIP meeting tomorrow and as more information comes out. The CDC and FDA will likely make an announcement when they decide it is time to resume vaccination, or, less likely but still possible, when they decide the evidence changes recommendations or withdraws it assist with the emergency approval of the vaccine.

If you’d like to see the ACIP meeting, it’s on Wednesday, April 14th, from 1:30 pm to 4:30 pm Eastern Time. with this link.

Dow falls barely out of the file throughout the J&J vaccination break

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Dow falls barely out of the file throughout the J&J vaccination break

US stocks traded mixed on Tuesday after a March inflation report turned out not to be as bad as some traders feared, but the impact of a halt to the Johnson & Johnson vaccine rollout kept optimism at bay.

The Dow Jones Industrial Average fell 160 points, or 0.5%, while the S&P 500 traded just above the flatline to hit a new intraday record high. The Nasdaq Composite, the relative outperformer, gained 0.75% while Apple, Amazon and Microsoft each gained more than 1%.

Store reopenings remained under pressure after the U.S. Food and Drug Administration announced it would recommend a hiatus in the Johnson & Johnson Covid-19 vaccine after reported cases of blood clotting.

According to the FDA, six cases of rare and severe blood clots were reported after receiving the J&J vaccine. More than 6.8 million doses of the J&J vaccine have been given in the United States

The government is calling for the vaccine to be suspended until the Centers for Disease Control and Prevention has completed their investigation into these cases. J&J shares fell 2%.

“Until this process is complete, we recommend taking this break,” said the FDA. “This is important to ensure that the healthcare provider community is aware of the potential of these adverse events and can plan based on the unique treatment that is required for this type of blood clot.”

Jeff Zients, the White House’s Covid-19 response coordinator, said Tuesday that the FDA’s announcement shouldn’t have a material impact on national vaccination efforts.

“This announcement will not have a material impact on our vaccination schedule: Johnson & Johnson’s vaccine accounts for less than 5 percent of the gunfire recorded to date in the US,” he said in a statement. “As a result of the President’s actions earlier this year, the United States secured enough doses of Pfizer and Moderna for 300 million Americans.”

Still, stocks will be hardest hit if the rapid adoption of vaccines in the US slows.

Carnival Corp shares retreated 3.2% and American Airlines lost 4.9%. Shares in Moderna, which makes another coronavirus vaccine, rose 7.7% after J&J News, first reported by the New York Times.

“I don’t think there will be a big reaction in the market beyond the current reaction,” said Mike Wilson, chief US equity strategist at Morgan Stanley, in CNBC’s “Squawk Box.” “We are optimistic, very optimistic that we will be fully reopened in the second half of this year.”

Trader on the New York Stock Exchange.

Source: NYSEa

The consumer price index, one of Wall Street’s most popular inflation indicators, rose 0.6% in March, up 2.6% year over year. Economists surveyed by Dow Jones forecast an increase in the leading index by 0.5% compared to the previous month and by 2.5% compared to the previous year.

The core CPI, which excludes volatile food and energy costs, rose 0.3% monthly and 1.6% year over year.

Government officials, including Federal Reserve chairman Jerome Powell on Sunday, and Biden administration economists on Monday, stressed that while the change can be expected to spike in inflation in the coming months, it is based on comparisons with last year’s pandemic lockdowns Annual and additional consumer spending could prove to be temporary, stimulus checks and pent-up demand.

Private sector strategists and economists also said the reading may not be a true measure of rising prices.

“We will soon see the effects of the 2020 Covid-19 pandemic on economic data. A particular focus will be inflation. Our message is simple: do not fall victim to this head fake,” Putnam Investments said in a note on Monday.

Fed officials said they were ready to let inflation run hot for a period of time without changing their accommodative policy stance, including buying assets and a benchmark interest rate close to zero.

The bond market was also subdued on Monday, with the 10-year government bond yield dropping to just over 1.66%. The returns move inversely to the prices.

The market was calm for the past week as Wall Street plunged into doldrums ahead of the first quarter earnings season. The company news is expected to gain momentum as the week progresses. JPMorgan Chase, Goldman Sachs, and Delta Air Lines are among the companies to release quarterly results.

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When will this month’s ‘Pink Tremendous Moon’ be seen on Peak Brilliance?

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When will this month’s ‘Pink Tremendous Moon’ be seen on Peak Brilliance?

Illustration for the article entitled Photo: kdshutterman (Shutterstock)

With a new month comes a new opportunity to experience the full moon that you may have seen too casually four weeks ago. This month, the upcoming heavenly wonder will brighten the skies and presumably roam Instagram feeds as the pink super moon reappears on April 26th, about a year and six weeks after the last time it gave us cause to take to the skies look.

Here’s a look at how and when to see this month’s full moon, including some historical details about where the name comes from.

When will it appear?

You will have plenty of time to prepare for the pink super moon to come out in full glory as it is primed on April 26 at 11:33 p.m. ET. This is only the time of the highest luminescence. So don’t worry if you hang around in an open field after bed to catch it at its peak if you don’t want to, as the moon shines brightly – and pretty largely – all night.

Even if you stay up late, wistful Nick Drake listen The moon doesn’t actually appear pink in the sky. Most full moons got their name from Indian tribes, who usually differentiated moons based on the season of the year and the relationship of the weather to the harvest crops (see those of the previous month) “Worm moon” for further reading).

The Peasant almanac explains that the pink moon is not the actual color, but rather a reflection of the vivid spring joys that we may experience on the ground:

While we wish this name had something to do with the color of the moon, the reality isn’t quite as mystical or impressive. In truth, the April full moon often corresponded to the early spring blooms of a specific wildflower from eastern North America: Phlox subulata– commonly referred to as creeping phlox or moss phlox – which was also called “moss pink”.

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It is, however, a real super moon

While last month’s worm moon barely missed the mark for a true supermoon award, the pink moon will be big enough to claim the name.

As explained last month, the concept of a “supermoon” is a kind of pop science term that overlays the already pseudoscientific field of astrology. The idea of ​​a super moon was developed in 1979 by astrologer Richard Nolle and technically applies to “either a new moon or a full moon that occurs when the moon is within 90% of perigee, its closest approach to earth”.

Unlike last month, the moon will meet these criteria on April 26th and therefore the Super Moon moniker will remain. Since this moon is 90% as close as possible to the earth, it appears far more radiant than a normal moon otherwise.

Here’s how the Farmer’s Almanac breaks it down:

How big and how bright exactly? On average, supermoons are about 7% larger and about 15% brighter than a typical full moon. However, unless you regularly see a full moon and a supermoon side by side in the sky, the difference is very, very difficult to tell!

However, this does not mark the end of the Super Moon calendar of 2021, as the next full moon on May 26th will be even brighter than this month’s, but only by a minor, imperceptible amount. How NASA explains:

The full moons in April and May are almost the next full moons of the year. The full moon on May 26, 2021 will be a little closer to Earth than the full moon on April 26, 2021, but only by a slim 0.04%!

As always, the best advice for the upcoming lunar events is to find a nice open space with no light pollution and look up at the sky. Bringing a blanket probably wouldn’t hurt either.

5 issues to know earlier than the inventory market opens Tuesday April 13th

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5 issues to know earlier than the inventory market opens Tuesday April 13th

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Dow opens after FDA has suspended J&J Covid vaccine

Trader on the New York Stock Exchange.

Source: NYSEa

The Dow futures fell Tuesday after the FDA and CDC recommended a break in using Johnson & Johnson’s one-off Covid vaccine. Federal health officials said they were looking at reports from six recipients who experienced rare and severe blood clotting problems. Dow stock J&J fell 3% in premarket trading.

The Dow and S&P 500 started the week lower, breaking three winning streaks and falling from Friday’s record high. The Nasdaq broke a winning streak in two sessions. At the end of Monday, the tech-heavy index was 1.7% below the record close of February.

2. J&J says it works with federal regulators

A box of Janssen COVID-19 vaccine doses from Johnson & Johnson is pictured in Grubbs Pharmacy on Capitol Hill on Monday April 12, 2021.

Tom Williams | CQ Appeal, Inc. | Getty Images

In a statement, J&J said there was “no clear causal link” between rare blood clotting events and its Covid vaccine. The US drug giant also said it was working with regulators. All six cases occurred in women between the ages of 18 and 48, with symptoms developing six to 13 days after receiving the shot. The CDC will hold a meeting of the Advisory Committee on Vaccination Practices on Wednesday to further study the cases, federal health officials said on Tuesday. The FDA is also investigating the cases.

3. Consumer prices are falling more than expected

During the coronavirus outbreak in West Nyack, New York on March 14, 2020, a line of shoppers wait to enter the BJ wholesale club market in the Palisades Center mall.

Facebook Facebook Logo Log in to Facebook to connect with Mike Segar Reuters

Government bond yields rose on Tuesday after a major inflation report came out stronger than expected. The government said consumer prices rose 0.6% while the core rate excluding food and energy rose 0.3%. Consumer prices rose 2.6% year over year, their highest level since August 2018, and were boosted by a strong economic recovery. The 10 year Treasury yield was 1.68%.

4. Bitcoin hits new all-time highs ahead of Coinbase debut

Bitcoin hit a new record high of more than $ 63,000 on Tuesday as investors awaited the highly anticipated debut of the Coinbase cryptocurrency exchange. Coinbase will go public on Wednesday via a direct listing that could value the company at up to $ 100 billion – more than major operators of trading venues like Intercontinental Exchange, owners of the New York Stock Exchange. Crypto investors are hailing the company’s public debut as a major milestone for the industry after years of skepticism from Wall Street and regulators.

5. Grab agrees to go public in the world’s largest SPAC merger

Southeast Asia’s hail giant Grab goes through record breaking SPAC merger with Altimeter Growth Corp. worth nearly $ 40 billion on the stock market. Softbank-backed Grab will receive approximately $ 4.5 billion in cash, including $ 4 billion for a private investment in a public equity arrangement. Grab, ranked 16th on last year’s CNBC Disruptor 50 list, offers a range of digital services including transportation, grocery delivery, hotel bookings, online banking, mobile payments, and insurance services through its app.

– Follow all market action like a pro on CNBC Pro. Get the latest information on the pandemic on CNBC’s coronavirus blog.

Gianna Simone reveals what’s in her bag

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Gianna Simone reveals what’s in her bag

Gianna wholeheartedly believes that “the best feeling begins with what we feed ourselves,” but not that she doesn’t just talk about what we eat. She emphasizes the importance of “feeding ourselves with food, with care, with what we see, read, hear and speak”.

Gianna makes sure to “speak positively rather than negatively,” which means “to say what I want instead of saying what I don’t want”. In addition to providing solid advice, Gianna shared her key items, which she keeps in her purse, which is a Stella McCartney micro shoulder bag in case you were curious.

Check out Gianna’s favorite hairbrush, chapstick, natural deodorant, face mist, and more vegan and cruelty-free products.

Learn how to take a look at Android in your iPhone

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Learn how to take a look at Android in your iPhone

Illustration for article titled How to Test Android on Your iPhoneScreenshot: Brendan Hesse

Switching from iOS to Android is much easier if you are already familiar with the Android experience, but it is difficult to pick up an Android device before buying it – especially these days. Fortunately, Samsung New Zealand recently developed iTest, a tiny web app for the iPhone that contains everything curious iOS users want from an Android test drive.

iTest simulates the Galaxy mobile phone experience right on your iPhone. You can play around with the home screen, browse the Galaxy Store, and even try out some apps. You can even interact with fake calls and text messages to see how they work on Galaxy phones.

Obviously, the iTest experience is not the same as using an actual Galaxy phone. iTest can’t recreate a Galaxy phone’s camera, the settings app is cut off, and you are going to miss some gesture controls. However, there are enough options available to get a taste of what a Samsung Galaxy’s menu looks and works like. iTest also contains numerous tutorials to help you find your way around a Galaxy phone and the Android settings, even for functions that are not available in the web app.

How to use iTest on iPhone

  1. Open that iTest website.
  1. Scan the QR with the camera app on your iPhone.
  2. If you see the link, tap the link and follow the on-screen instructions.
  3. After iTest is installed, tap the icon on your app screen to open it.
  4. A home screen for a Galaxy virtual phone with apps and settings to mess around will appear.

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iTest is a good introduction to the Samsung phones, but it’s worth noting that it is not representative of the Android experience on all Android phones.

Every Android OEM offers a slightly different variant of Android – using a Samsung phone is different from using a Pixel phone, which is different from OnePlus phones, for example. The apps, features, and settings available may vary depending on which company makes your Android phone and which version of Android it supports.

However, there are enough similarities between brands that iTest can at least give you a taste of what Android devices can do in general.

Out of curiosity, we tried installing the iTest app on a Pixel phone to see if we could use it to test the Galaxy home screen on a non-Samsung device. However, only a link to the Samsung online shop is opened. You can vice versa Rebuild (most) Pixel phones on non-Pixel phones. And for Android users who want to switch to iOS, Apple’s official guide is a good start.

Google, Apple’s Prime Rating of Singapore’s Greatest Employers: Survey, Cash Information

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Google, Apple’s Prime Rating of Singapore’s Greatest Employers: Survey, Cash Information

SINGAPORE – The overall management of employers for the Singapore Covid-19 crisis received positive ratings from workers in general, although some fared better than others according to the results of a survey published on Tuesday (April 13).

The ranking of the 200 best places to work in Singapore in 2021 among companies and institutions with at least 200 employees was published by The Straits Times and the global research company Statista.

Tech giants Google and Apple took first and second place, respectively, followed by retailer Adidas Singapore, educational institute Singapore American School and other tech giant Amazon.

More than 9,000 people responded to the online survey conducted in August and September last year, creating a long list of more than 1,700 eligible employers in 26 industries.

Employers received a rating based primarily on whether employees would recommend them to a friend or family member. The highest score was 8.62 while the score for 200th place was 6.86.

Warren Fernandez, editor of the Straits Times and editor-in-chief of the English, Malay and Tamil Media Group of Singapore Press Holdings, said: “Our Statista-developed approach, which you would recommend to your employer, has produced interesting results.

“It shows companies where employees have a sense of purpose and commitment, feel valued and not only want to stay, but would recommend others to sign up as well. That is a strong endorsement.”

Christina Pittas, senior analyst at Statista, noted that around 70 percent of employers on the opening list of last year’s 150 best places to work are also on this year’s list, suggesting that Singapore companies are facing the crisis despite the challenges they are facing they are faced with coping well.

The second edition of the survey contained additional Covid-19-specific questions.

For example, 61 percent of respondents agreed or agreed that cohesion among colleagues was strong in times of crisis, 57 percent also responded when asked if personal issues were taken into account, and 62 percent thought that technical equipment and support for mobile working are good.

Industries with greater resilience or greater advantage during the pandemic, such as semiconductors and electronics, pharmaceuticals and biotechnology, insurance and logistics, showed relatively high levels of employee satisfaction.

Broken down by level of employment – from trainee to supervisor – subordinate employees were generally less satisfied than superordinate employees. In addition, women tended to be slightly less satisfied than men in the three statements.

Ms. Pittas said: “Our data shows that the vulnerable groups of workers are bearing the greatest burden from the crisis. It is up to companies not to lose sight of these groups but to give them extra support and make them feel valued to become.”

One of the best practices for companies on this year’s list is how Amazon conducts a daily survey to measure employee sentiment in real time.

Around $ 4 billion (S $ 5.4 billion) is also expected to be invested globally in Covid-related initiatives to provide products and services to customers while keeping employees safe, said Sandra Teh , Asia Pacific, Japan, and Greater China Employer Brand Manager at Amazon Web Services.

At consumer goods company Reckitt, formerly known as Mead Johnson Nutrition, an emphasis has been placed on addressing employee needs not just in terms of productivity, but also their sense of belonging to the company and emotional wellbeing, said Mr Surya Rai, regional human resources director for the Company for Asean.

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For example, Reckitt has stepped up internal communications, including the regular exchange of information about the company and further developing knowledge about the crisis.

In addition to measures to deal with the Covid 19 crisis, attractive employers also tend to have measures to promote and involve employees.

For example, managers in the German conglomerate Siemens can recognize and reward employees via a mobile app in which they can write e-cards and award points that can be exchanged for gifts and vouchers, said Ms. Winnie Chik, Head of Talent Acquisition, Branding and Diversity Employer at Siemens Asean.

At communications equipment company Motorola Solutions Singapore, employees can access leadership development, technical and soft skills programs through online learning platforms, said Charlene Tan, head of human resources in Asia Pacific.

Mayank Parekh, chairman of the board of the Institute for Human Resource Professionals, commented on the survey results on how employees felt that their employers were managing Covid-19 and said it was important not to have a unified approach to employee communications.

More customized messages to subordinates, and women in particular, will help address certain concerns, he said.

“My advice to employers who made the list is to continue their journey to proactively support their employees. For example, new areas like managing the mental wellbeing of employees in times as uncertain as employees feel unsafe when they are Times may not be comfortable when they express their challenges, “he added.

How the survey was conducted

The second edition of the Singapore Best Employers survey was conducted from August to September last year through online panels and the Straits Times website.

Respondents were asked to rate their willingness to recommend their employer to friends and family on a scale from zero to ten. Zero meant “I would not recommend my employer under any circumstances” and 10 meant “I would definitely recommend my employer”.

They were also asked if there are other employers in their respective industries that they would recommend or not.

The results of the two questions were used to calculate a score for each company, with more weight being given to the direct score given by participants to their own employer.

More than 9,000 employees responded and gave over 200,000 reviews.

Responses were kept anonymous and the survey was not conducted by companies so that employees would not feel compelled to express a certain point of view.

All companies and institutions that employ at least 200 people in Singapore were able to qualify for the ranking.

The top 200 employers – less than 15 percent of eligible companies – made it onto Singapore’s Best Workplaces list for 2021.

This article was first published in The Straits Times.

Watch Katy Perry make it clear that she did not “fart” throughout the idol

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Watch Katy Perry make it clear that she did not “fart” throughout the idol

Katy Perry issued a brief disclaimer of any misunderstandings regarding her last appearance on American Idol.

The 36-year-old pop star took to social media on Monday April 12 to encourage viewers to tune in to the continuation of the singing contest series that evening. During her video message, the actress from “Firework” referred to the fact that her fellow judge Luke Bryan would be replaced by Paula Abdul | on the show for now while the country star is recovering from COVID-19.

“Well, it will be an exciting and different show on the edge of your seat,” she promised. “I’m just about to run to actually live – like live, live, live. And Luke is not with us tonight, but my friend Paula Abdul is!

As she continued to record, the star seemed to notice that her beautiful blue dress was making some unexpected squeaking noises.

“We’re going to reveal the top 12,” she continued. “And if you think I’m farting on live TV, it’s not me. It’ll just be my dress.”

American expertise corporations and their belief in Taiwan

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American expertise corporations and their belief in Taiwan

Taiwanese chipmakers are ahead of their international competitors and it will be difficult for US tech companies to reduce their reliance on Taiwan, CLSA’s Sebastian Hou said.

Technology firms like Apple, Amazon, Google, Qualcomm, NVIDIA and AMD rely heavily on Taiwanese contract manufacturers to produce up to 90% of their chips, said Hou, chief executive officer and head of technology research at the brokerage firm.

“It will be a challenging and long journey for them to diversify and think about how long it will take for chip development and collaboration – it will take a while,” he said on CNBC’s Street Signs Asia on Monday.

Semiconductors are used in everything from smartphones and computers to cars and household appliances.

While the US dominates the global semiconductor market share by sales, Asia is the manufacturing powerhouse, according to a recent report by Bank of America. Asian countries produce more than 70% of the world’s semiconductors – Taiwan and South Korea in particular have established unmatched positions in high-end chip manufacturing, the report said.

A man walks past TSMC headquarters at the company’s headquarters in Hsinchu, Taiwan. TSMC is the world’s largest semiconductor foundry.

Sam Yeh | AFP | Getty Images

Advantage for Taiwanese chip manufacturers

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chip foundry, is up more than 13% since the beginning of the year. Competitor United Microelectronics Corp, which is a distant second to TSMC in Taiwan’s chip chip contract manufacturing, gained around 16% over the same period.

CLSA has a buy recommendation on TSMC and a target price of 825 new Taiwanese dollars ($ 28.97) – 35% more than Friday.

The broker has an “Outperform” rating on UMC and a target price of 62 New Taiwan ($ 2.18), up 16.76% from last week’s closing price.

Hou explained that TSMC has higher risk between the two stocks – due to a larger spread between the target price and the current stock price – but offers higher returns. He added that the price target is “highly achievable” as the company is expected to maintain technology leadership for the next five years and customers will rely heavily on it.

China’s SMIC is lagging behind

In a report by market research firm TrendForce, China’s Semiconductor Manufacturing International Corporation (SMIC) was ranked fifth among the world’s top ten foundries based on estimated first-quarter figures in February.

SMIC is China’s largest and most important chip maker – it is seen as key to Beijing’s plans for self-sufficiency in the semiconductor space after tensions with Washington. Last December, the US blacklisted SMIC and prevented American companies from exporting technology to the company.

Hou said that given US sanctions, it would be nearly impossible for SMIC to catch up with TSMC and other chip manufacturers.

The technology gap between SMIC and TSMC is currently about six years, he said. If SMIC can’t acquire the technology it needs to bolster its high-end chip manufacturing capacity, it will fall further behind, Hou said.

“That means not only can it not catch up, but the gap will continue to widen,” Hou said, adding that the gap could stretch for seven to nine years.

A Reuters report last month said the US government was slow in approving licenses for American firms to sell chip-making equipment to SMIC.

27 motion pictures to stream while you want a very good scream

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27 motion pictures to stream while you want a very good scream

The premise is a cognitive hurdle for many – a film in which Adam Sandler plays Charlie Fineman, a 9/11 widower? – but for those who can get past it, Reign Over Me is emotionally cathartic and one of my favorite films when I’m feeling particularly down. Aside from its stunning soundtrack and breathtaking views of New York City, it’s a beautiful story of friendship where one person, Alan (Don Cheadle), seemingly has everything and is unhappy, and another, Charlie, has nothing and is unhappy too is. Their unlikely friendship leads the two to find the greener grass on their respective pages as the film balances charm, humor, and sadness as they help each other manage love, loss, work, family, and friendship. – Jordan Calhoun, Editor-in-Chief

Where to stream: Fubo TV, Starz, DirecTV

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