tsmc is essential to a number of products, most notably apple.foundries is going after is an export ban which could mean apple would not be able to bring a lot of the products it has made elsewhere in the world to the u.s. taylor: stacy, i want to bring you in not necessarily to talk specifics about globalfoundries and the taiwan semiconductor case, but more broadly speaking, we are hearing more and more about these patent infringement cases that are coming out now. i wonder is it new or do these chipmakers file sense of urgency and competition and threat that they are being more aggressive in protecting their technology, protecting their market share? stacy: that may be. the idea of ip protection is not new in the industry and we have seen these types of suits pop up all the time historically. i would say the magnitude of some of the suits does seem to have gotten larger. we have the one today. you may have mentioned qualcomm earlier. we had a massive ip case go through attacking multiple parts of their supply chain as well. it does feel like as

leading chipmaker tsmc is being sued by a smaller u.s.or rival globalfoundries which accuses the tech giant of patent infringement and wants u.s. regulars to impose an import ban. it accuses tsmc of using globalfoundries technology to intensive billion dollars of sales. tsmc says it has always played by the rules and makes all technology in-house. johnson & johnson jumped after hours after a judge ordered the company to pay far less than expected in a case about opioid painkillers. the oklahoma court said they created a public nuisance by inducing doctors to overprescribing medications and ordered them to pay $572 million to the state. saidaid it would've -- j&j it would appeal the ruling. tesla'sar accelerate and plant price hike in china. it will raise price hiks. tesla is especially sensitive to the trade tensions with no production in china get. shery: in the next hour, medley global advisor ben emmons will take us through his trade war playbook. later today, we will speak live to wesfarmers ceo. this is bloomberg. ♪ at comcast, we di

tsmc is the best at doing that right now.ories and has, in theory, better manufacturing than intel. jason: staying with technology, the techlash has only make facebook stronger. didn't see that coming. the ftc begins an antitrust probe of the social network, but we are looking at the fine print last month's $5 billion privacy settlement. here's sarah frier. sarah: think about facebook and what makes facebook work. this $70 billion revenue in advertising business this year, it's all about data. the data facebook has compiled, not just from its users, but from third parties, from tracking people around the internet, understanding what they click on and watch and care about, that is the value at the center of their advertising business. and so when the ftc comes and tells them you can't share that data with anybody else, great! facebook loves that, in a way. they are big enough now that they do not really need to rely on other companies building other kind of products. there used to be a reason for facebook to share its data wit

tsmc is being sued by a semiconductor rival, global foundries. it wants u.s.ulators to impose an important ban. it accuses him of using technology to get tens of billions of dollars of sales. it has developed all the technology in-house. shery: the trade work is accelerating teslas planned price hikes in china. there are concerns over higher import tariffs. it has no local production in china yet. last week, beijing said it may increase duties on u.s. made autos to 50% in retaliation to president trump latest tariffs. this is bloomberg. ♪ ♪ from the 5am wakers, to the 6am sleepers. everyone uses their phone differently and in different places. that's why xfinity mobile created a wireless network that auto connects you to millions of secure wifi hot spots. and the best lte everywhere else. xfinity mobile is a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. click, call or visit a store today. ritika: this is "daybreak asia." bank of india proved a reco

most of the semiconductors that go into apple phones are made by tsmc. under more chinese influence, i think that dominance would face a significant threat and no longer be dominant in the industry. china has a policy of made in china 2025. they are the largest consumer of semi to connectors -- of semiconductors, but one of the smaller producers. they can get to their 2025 target by being more aggressive in their pursuit of taiwan or the technology that exists in taiwan. that is what i would define as the existential threat to u.s. dominance in the semiconductor industry. maire,obert president of semiconductor advisors. still much ahead on "bloomberg daybreak: asia." this is bloomberg. ♪ look at key events investors will be watching next week. the political crisis in hong kong continues to evolve into an economic one, as we look ahead to final second-quarter gdp numbers this afternoon and more planned protests this weekend. marquis data monday and tuesday with inflation and unemployment. the main event will be in wyoming, where central bankers and policy

tsmc is the best at making these work right now and has, in theory, better manufacturing them intel.staying with technology, the techlash has only make facebook stronger. didn't see that coming. we are looking at the fine print of last months $5 billion privacy settlement. >> think about facebook and what makes facebook work. the $70 billion advertising revenue business, it's all about data. the data facebook has compiled, not just from users, but from third parties and tracking people, understanding what they click on and watch and care about, that is the value at the center of their advertising business. and so when the ftc comes and tells them you can't share that data with anybody else, great! facebook loves that, in a way. they are big enough not to rely on other companies. they -- there used to be a reason for facebook to share its data with developers of games and quizzes for facebook and things you remember from the facebook of five or six years ago. but now, the company is big enough that it does not need to rely on that network. so the ftc is punishing a version of facebook

they have had several programs where they have been trying to bring in companies like tsmc, umc, bringna, learn from them but the manufacturers, they have been really good about keeping their trade secrets, much tighter than what china was hoping because they typically want that i.p. transfer when they get there. this departure right now is causing people to leave and also scuttled a lot of the plans to actually build fabs in china. connell: thanks, ray. always good to see you. thanks for your point of view on all this. >>> just a quick thought on that. when i was in china, that was a big issue, these koeshcompanies others, huawei, will start making their own chips. what do you think? >> from a fundamentals point of view, the stocks earnings the last two quarters have been less than they were the previous year's two quarters. it's pretty rich, two times s&p earnings. this happened before the tariffs started coming in, the slowdown in the chip industry. full disclosure, i'm short the chip stocks. i have to disclose that. i think this run the chips have had is overrun and that the compet