things about tsmc is it's all engineers. those engineers could refuse to work >> some believed tsmc isn't a target on taiwan, but a silicon shield over it. >> tsmc is going to be a deterrence against the idea of aggression against taiwan >> that's because an attack on taiwan would likely shut down the chip industry and ruin china's own economy for xi jinping that might be a risk worth taking for china. >> it's not just about chips, it's about unification that is part of their basic ethos >> coming up next what would an invasion of taiwan look like >> oh, this was caught in the trap. any couldn't get out >> vegas was having an identity crisis that was the beginning the downfall, but vegas at a different idea, vegas, the story of since the next sunday at ten on cnn >> so would you get to nashville hot tenders and three mandarin orange tenders >> what about you? >> three classic tenders? >> for big butterfly shrimp for of a kind i went oh, okay. >> he said, always a competition. >> i am the shrimp, but hi, my name is kim and i

could refuse to work >> some believed tsmc isn't a target on taiwan but a silicon shield over it >> tsmc is going to be a deterrence against the idea of aggression against taiwan >> that's because an attack on taiwan and would likely shut down the chip industry and ruin china's own economy >> working for shoes jinping that might be a risk worth taking for china. >> it's not just about chips, it's about unification. that is part of their basic ethos >> coming up next >> what would an end? bayesian of taiwan look like >> me and you was introduced >> was my son you keep your head held high >> just like mom, thomas, but you've said it >> word color purple now streaming exclusively on max >> i brought in a juror max protein with 30 grams of protein. those who tried be held more energy and just two weeks here, i'll take that ensure not to protein 30 grams, protein one prim's sugar, 25 vitamins and minerals, and a new fiber blend with a prebiotic >> sometimes i imagined what i'd write today for my dear friend martin i'd remind people that all hate thrives on one thing >> silence >> the peo

it is not as advanced as what tsmc or samsung can do.ut they have been investing in older chips which they see as vital to the economy. for the u.s. this is a strategic issue. they want a dependable supply for key industries, particularly the auto industry. the auto industry had to close down factories in the u.s. and japan and europe when there were disruptions to the supply chains during the covid pandemic. so countries are very concerned about that. they're also concerned about possible increase of tensions in the u.s. and china over taiwan where some advanced semiconductors are right now. haidi: peter elstrom there. we've got breaking news with more on geopolitics. voters are headed to the polls in russia for a three-day presidential election with the vladimir putin all but assured of winning a fifth term. despite his war on ukraine and the long-term economic challenges, he's said to be preparing for a long confrontation with the west. let's bring in graeme gill, professor emeritus at sydney who focuses on russian politics. great to

but, we have our concerns about the ability of these companies to compete with the tsmcs of the world and i don't think it's an either or. i think it's an and. the u.s. should be investing in its own capabilities, but we also should acknowledge accident you know, if you listen to founder of tsmc, morris chang that ran a foundry in texas and they'll tell you the difficulties and we can read about them and they're having in arizona and i don't want a single thread to intel's success. america's ai success needs to be multi-threaded. it should, you know, we don't want to be dependent upon die wan and should be en-- pie wan and encourage tissue taiwan and chip mother and fathering in vietnam, india, korea, other nations that help us diversify our supply chain away from taiwan, a sing the threaded dependency upon taiwan and not place or recreate the dependency on u.s. fabs that may or may not be able to compete with fabs an the world. liz: i get it, but taiwan semi has not done -- rnd here at all. intel has. this chips act is expected to give money to names like wolf, wolf speed, on, semico

tsmc, smic is higher by about 1%. investors are looking ahead to see what will happen next.c reentered the global top 10 club. currently down about 2%. let's look at cryptocurrency. more than $70,000 happened on friday. today down about 1.2% and bitcoin capped a seven-week run of more than 70%. water run for the cryptocurrency. here are some of the top stories we are following. read it and its investors are looking to raise money. sources say they are seeking a valuation. saudi aramco is raising dividends. more when we come back. this is bloomberg. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each month. all in the most reliable 5g mobile network nationwide wireless that works for you. switch to comcast business mobile and save big with up to $500 off an eligible samsung device with a qualifying trade-in. don't wait call, click or visit an xfinit

. >> i still love tsmc and might be the other seven in the magnificent seven if we lose tesla in theen but i think the reason that is important because the fabs are there and the chips are important another $4 billion coming in from the u.s. in terms of investment in the chips area and we see everybody is looking for additional chip capacity in the technology that tsmc has from 5 millimeters to 3 millimeters and the ability to build and tpu chips in the future those are what people are looking at there is a lot of capacity at tsmc that will be created and built because the world is going to need more chips for a.i. stuart: we heard whatever ally suggested that in june we hear from apple about how they applied a.i. i don't know the timetable but it sounds like that might be promising, what do you think. >> if that happens that what happened at the worldwide developer conference in the two weeks of june and part of that we always talk about apple, a.i. is in the background it's in the chips you take a picture and get computational photography, the background gets cleaner, the lighting

samsung rivals like tsmc and asml set to be awarded that grant. tsmc also in negative territory.i surging more than 8% right now after profits soared 30%, boosted pretty much by is ai hardware sales. shares up about 15 or so year to date. traders gaining a growing share of the ai business. take a look at where we are in terms of gmm. of course, it is trepidation, red pretty much across the board as we await the boj as well as the fed. that is it from "bloomberg markets: asia." "daybreak: middle east" is next. keep it here with us. this is bloomberg. ♪ announcer: the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees.

tsmc will not be the only one, but the report is they'll be getting more than $5 billion in grants to support the project they've been building in arizona. scott? >> appreciate that update. >>> up next, more committee stocks are on the move, costco, eli lilly. the desk debating how you should play them. we're back in two minutes. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! >>> are you following "the halftime report" podcast? what are you waiting for? follow "the halftime" podcast now. ess mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. (music) have heart failure with unresolved symptoms? it may be time to see the bigger picture. heart failure and seemingly unrelated symptoms, like carpal tunnel syndrome, shortness of breath, and irregular heartbeat could be something more serious called att

the blackwell will also be manufactured by tsmc and set to be launched later this year. you have amazon, google, microsoft and oracle, all selling access to this play chip through their cloud services, as well. we haven't received costs on this chip. usually nvidia doesn't reveal pricing. but the previous older chip was between $2,500 to $40,000 per chip, and you need a lot of them to build your entire a.i. system. so, it could cost up to $200,000. that was the older generation, so, you can only imagine that this one will probably be a little bit more than that for a lot of companies, if they can get their hands on it. >> on the partnership front, we know they've talked about partnerships so far with ansys, synopsis, we've seen those stocks -- >> and cadence. >> right. have there been the star appearances yet from any ceos or luminaries in the tech world? >> well, i was just told there's some celebs right next to me right now, but i'm not dur. >> swing that camera around, ch kristina! >> there's security everywhere, and that's why my eyes darted when i was going live. bu

tsmc benefitting. not everyone was a winner in asia today. you will see the shanghai composite and shanghai 300 closed in the red. there are still questions in china over when we e will see meaningful stimulus for the economy. you see in hong kong with the hang seng is not dragged down by the mainland. keep an eye on property stocks in hong kong. the big component of the hang seng. lower rates in the future is supporting the outlook for property developers. that's what happened out here in asia. we will see if it continues heading into the last trading day of the week. for now, it is back to you in new york. good morning. >> jp, thank you. we turn our tenattention to the early trade in europe and karen tso. >> reporter: thank you, frank. dominating from the outset. fresh records on the stoixx 600 with the reaction from the fed. cutting rates from 1.75% to 1.5% from the snb. the stoxx 600 record is up .60%. it is about the bank of england later on with the market perched above 7,800 points. the ftse 100 has struggled in it recent years. the fo

this also carried over to the likes of tsmc. they are known as a power house with micro chips. forgot to mention the taiwan exchange is at an all-time high. monday has been a good setup for asian markets ahead of the trading week. back to you. >> all-time highs around the world. jp, thank you. let's get to garabile gumede wih the early trade in europe. >> good morning, frank. you talk about records. that has been the case across europe. last week, we ahad the cac 40 ad dax moving in record territory and shifting higher. today, we are around that flat line across most of the market mov movement with the ftse 100 dipping .30%. last week, the ftse 100 and cac 40 did lose steam and the dax gained 2% across the week last week. today, you can tell, we had a mixed opening. the semiconductor move from the united states and asia trade has helped the increase across europe. technology stocks moving 1% higher. you have the likes of semiconductors moving higher in this morning's trade. showing the semiconductors are all making their moves on the back of what has been a general positivity a

morris chang, the founder of tsmc, american, of course, he was at texas instruments for much of his lifeder gentleman now. he's complained about how expensive it is. in arizona, where they're trying to build a new fab. >> everything i know is from morris. i just read everything he does. he's a good friend of jensen's, and morris is someone who is idolized in the semiconductor capital equipment business, which, of course, is where the real ip is. the real intellectual property belongs to kla, to lam, and morris chang, godfather of the construction, used to be -- it used to be there was a -- jerry parker used to be the architect of the great intel plants here, israel, and ireland. they lost that. they lost their way at intel, and morris took up the vacuum. that's why taiwan has such an advantage. >> no, i mean, that -- >> they're really terrific. >> 208 billion transistors. that's what we're talking about. the ability to microscopically put all of that -- it's just incredible. >> you're so right. remember what synopsis said. jensen designs, then the software is -- it's handed off to the so

most likely tsmc. if it we're going to give a ballpark figure. sam altman talking about localizing and bringing chips into america, building there, creating a foundation and he put a price tag of $7 billion. obviously billion is quite a bit. that puts into perspective how much money a lot of companies have to spend over years. i say years. over 11 years here. microsoft has been working on their chips for over five, six years on their custom ai chips yet they've only recently launched them. meta falls into that category too. it's not easy to do. eventually the money is going to run out and they'll realize we either let the chip companies do it or we decide we're doing a good enough job or we go and acquire a smaller chip company which was actually the case for this particular lab years ago. >> thanks very much. >>> next topic on technology. topic tiktok. congress seems to want to ban the app or force its chinese owners to sell it. what do you think? steve liesman joins us now. steve. >> hey, tyler. thank you. nearly half of americans are concerned

gotten cheaper over the last year in terms of multiples, you look at the multiples for jake broad calm, tsmcmd, we are comfortable owning large positions in these companies. i think the same time, you have to think about investor positioning. the largest investors in the world, those in managing endowments and foundations have gorged themselves on both venture and private equity to get their technology exposure over the last 15, 20 years and the reality is if there is no semi conductor exposure in those funds, pe nvc don't really invest in the sectors so if you want to invest in semi conductors and want to invest in the massive infrastructure build, you've got to own positions in the public semi conductor companies, those leading ai are the ones i've put in the ai five. >> you say stocks go p and down, of course that is true so i do not sense great concern in your voice as you say that, but do you think a broader correction in the chip space could be in the offing? a lot of the stocks just went to the moon, writing what essentially feels like an nvidia halo effect. >> i would love for them t

this really leading-edge process, ships made by the likes of tsmc, also increasing the by samsung.y are putting the block is on something that is easier for them to block because they have a domestic alternative. katie: talk to me about how much intel and amd rely on chinese consumers. of course, the chinese business. it is a big step, but how bad is the bite? >> china represents about a quarter of intel's business, a little bit less for amd, so it is clearly not nothing. about half of the business comes from computing. the next big section is data, so it is clearly a meaningful part of that business. it's unclear whether this means intel won't be able to sell any chips into china. i suspect there will be some others were they still have the capacity to do so. the thing is, those chips will be less commoditized ones where there will be a higher margin profile. so they still have some scope to do. if they want to get back into this space, they have this scoop. intel and amd will have to submit all their r&d documentation and code in order to get on the approved list of suppliers in

you add tsmc on top of that. we're talking tens of thousands.at these are jobs they can raise a family on. this is a really, really big deal. it's exciting. speaking to latino voters. >> in large part, beat down donald trump. now he says immigrants are poisoning the blood of our country. what the hell is he talking about? i need you. i need you badly. i need the help. kamala and i desperately need your help. look. there's only about six or seven states you're going to turn down coming in this election. they're tossup states in this election. this is one of them. >> the pressure is on, in arizona. how do you see the biden campaign, winning arizona this time time. >> the president won arizona by 10,000 votes. he can do that again. he's got a record to run on. the bipartisan infrastructure bill. president trump didn't do anything that bipartisan. so this president is going to move the country forward. i think arizonans get that. when you consider trump's language about migrants. and my response to that is it's just unamerican. joe biden knows who w

welcome news after the world's largest chipmaker tsmc announced in january but would delay opening atbillion-dollar chip factory until next year due to a shortage of workers. last week the white house announced new climate regulations and promoting electric vehicles. in a win for detroit automakers to buthe biden administration to buy demonstration announcer ease proposed regulations to cut production of gas guzzling vehicles. according to a recent fox news poll, only 27% of michigan voters consider climate change and extremely important issue. former president donald trump blasted the biden administration on the proposed changes to ev's. >> on day what one i will terme cricket joe biden's insane electric vehicle mandate. we will restore law and order to our country. >> three years ago gm said it would phase out gas powered vehicles by 2035. last month the ceo said it was amending that strategy after backlash from the public and lawmakers. shannon: lucas tomlinson live at the white house, thank you we are back now with our panel. we have reaction from a number of groups who have said

exciting day in arizona and really for our nation. 3000 at intel alone, 3000 manufacturing jobs, you had tsmchen you expand that on the country and the fact that these are jobs you can raise a family on that do not require a four- year degree, this is a really, really big deal . it's really exciting. >> let's listen to what president biden said in arizona, speaking to latino voters. >> you are the reason why i beat donald trump. in 2016, he called latinos criminals and drug dealers when he came down that escalator. now he says immigrants are poisoning the blood of our country. what is he talking about? i need you, i need you badly. i need the help,, and i desperately need your help because, look, there is only about six or seven states that will determine the outcome of this election. they are tossup states. this is one of them. >> the pressure is on in arizona. how do you see the biden campaign winning arizona this time? >> he won in 2020. that was when my first election was and the president won arizona by 10,000 votes. he could do that again. he's got a record to run on. not only bringing

welcome news after the world's largest chipmaker tsmc announced in january but would delay opening atdollar chip factory until next year due to a shortage of workers. last week the white house announced new climate regulations and promoting electric vehicles. in a win for detroit automakers tothe biden administration to buy demonstration announcer ease proposed regulations to cut production of gas guzzling vehicles. according to a recent fox news poll, only 27% of michigan voters consider climate change and extremely important issue. former president donald trump blasted the biden administration on the proposed changes to ev's. >> on day wh one i will terminae cricket joe biden's insane electric vehicle mandate. we will restore law and order to our country. >> three years ago gm said it would phase out gas powered vehicles by 2035. last month the ceo said it was amending that strategy after backlash from the public and lawmakers. shannon: lucas tomlinson live at the white house, thank you we are back now with our panel. we have reaction from a number of groups who have said a lot of m

so tsmc has done well. i've seen kind of a focus on the edge, trying to figure out what's next.ualcomm, terradyne are names that come to mind and they have started to push higher. i do think that investors are trying to figure out the n plus one and what is next for the group. if i take a step back, we're only three-quarters into the upturn. the average cycle is nine. i still think ai is your best exposure. we do like front end semi-equipment as the arms dealers to ai. analog is a group where we don't think we get to the prior cyclical highs, so we'd be very picky there. but it's probably a mace, you know, to spend time. that's where i'm definitely hearing from my clients, a greater focus. >> c.j., appreciate that. that's helpful. hopefully we'll talk if not before the gtc, then later. don't forget today's exclusive at 4:00 p.m. with lisa su. >>> when we come back, trump talking about facebook and tariffs. more "squawk on the street" straight ahead. makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can

you have a lot of tsmc building two huge fabs there, intel building out a fab.re is a reason beyond politics to invest there and talk about why president biden is going there. there is a reason for that. yes, arizona is a critically important state, and here is a president going to the state saying not only, you know, did i say that i was going to, you know, create more jobs as president, but i'm delivering on that promise. i'm going into the state talk about the jobs act and creating -- and again, arizona is a huge technology hub on a number of fronts, but when it comes to being the next -- making sure the united states can be the next leader in semiconductor production a lot is happening in arizona. it happens to be an ancillary benefit of president biden's work and his work to make sure he's creating jobs and we are getting the u.s. on track to be a leader in global semiconductor production. it just happens to be that arizona is one of those states that has been leading on that and because of what president biden is doing, he's catalyzing that investment in a

solutions from taiwan to japan, the construction of a separate station, conditionally speaking, the tsmcg to make, the chinese have already put into service, of course they are ready to do this, but they will do it peacefully, yes, the united states actually now... to some extent they are in such strategic confusion, first of all, because they don’t know how the election campaign will end, it’s really the most unpredictable, we don’t know either, well, of course, trump, if nothing happens, wins, but something tells me that they won’t let him live in peace, in any case , they clearly don’t let him live anymore, new york attorney general letitia james, well, naturally a democrat, made a statement that the trumps are starting to go bankrupt, let’s let's obey. the new york attorney general's office has filed lawsuits in westchester county, the first sign that the state is preparing for an attempt to seize donald trump's golf course and private estate north of manhattan known as seven sprinks. state lawyers filed the judgment in the county clerk's office after a judge formally announced a $46

these new chips will be manufactured by tsmc and are supposedly set to launch later this year, but we customers who have signed up for this new platform and new chip, but at the same time are racing to build their own in-house chips. on the software front, nvidia's enterprise ari offering is a software subscription designed to help companies deploy ai models with their gpu. it should cost roughly $4,500 per gpu, per year. it's not going to be cheap, but does provide a reoccurring source of revenue for nvidia and makes switching cost as a lot higher. nvidia wants to be your one-stop shop. stock reacting down 2% this morning and saw a sell-off just post the event. much of this news was somewhat priced into stock. the stock has been up about 82% in the last two months. there were no specifics around the chip pricing, margin impact, or even the supply chain. so those are some factors as to maybe why you're seeing the sell the news kind of event. jim cramer, they're setting up all the way down behind me, will have a sit-down with jenison wong today on "squawk on the street" as well as "mad