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On August 5, two people familiar with the matter told Reuters that Intel had pinned its hopes on a production process that should have helped it win manufacturing orders and regain its advantage in the production of high-end, high-profit chips. However, during the testing of the new technology, the process faced a major quality problem. For months, Intel has been promising investors that it will use its process called 18A to expand the scale of chip manufacturing. Intel has invested billions of dollars in the development of the 18A process, including building or upgrading several factories, with the goal of challenging TSMC. Last year, early tests disappointed customers, and the two people familiar with the matter said that since the end of last year, only a small portion of the Panther Lake chips produced by the 18A process have been of sufficient quality to be provided to customers. This percentage, known as the yield, means that Intel may find it difficult to achieve profitable production of high-end laptop chips in the near future.On August 5, Southern Manganese (01091.HK) announced that its board of directors will hold a meeting on August 15, 2025, to approve its interim results for the six months ending June 30, 2025, and the proposed interim dividend. The company also issued a positive earnings forecast, projecting profit attributable to owners of the company of at least HK$150 million in the first half of 2025, compared to a loss of approximately HK$163 million in the first half of 2024. This is primarily due to managements efforts to optimize its trading product mix, turn the trading business around, strengthen cost control, and achieve significant results, as well as reduced impairment losses on financial assets.Central Bank of Brazil: US tariffs have significant industry impact.Chinese Estates Holdings (00127.HK): The company will hold a board meeting on August 15 to approve the interim results.Sources: Intel (INTC.O) is having trouble manufacturing its "Panther Lake" processors.

Silver Price Prediction: XAG/USD falls as the dollar recovers some of its losses

Daniel Rogers

Oct 13, 2022 14:35

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Despite US Treasury bond yields retreating from weekly highs as a result of FOMC minutes indicating Fed officials' reluctance to declare triumph over inflation, the silver price extended its losing streak to four consecutive days.

 

Earlier in the European session, the XAG/USD reached a session high of $19.30 before falling to a session low of $18.84 before recovering some ground. XAG/USD is trading at $19.05 at the time of writing, 0.77% below its opening price.

 

US stocks ended Wednesday's trading session with slight losses. The atmosphere deteriorated as a result of the BoE's reiteration that the emergency bond-buying program will finish on October 14, and the minutes from the September FOMC meeting, which weighed on risk-perceived assets.

 

According to the FOMC's minutes, policymakers "stressed that the cost of taking insufficient action to reduce inflation likely outweighed the cost of taking excessive action." Officials emphasized that it will be necessary to "calibrate the pace of future rate hikes" in order to mitigate the impact on the US economy.

 

Several Fed members stressed the need to maintain a restrictive policy for as long as necessary, reaffirming the necessity to raise interest rates for an extended period.

 

In addition, traders are preparing for Thursday's US inflation report for September. Data released on Wednesday indicated that the Producer Price Index (PPI) increased by 8.5% year-over-year, while the so-called core PPI increased by 7.2%, which was less than the prior reading and projections.

 

According to the CME FedWatch Tool, the probability of a 75 basis point rate hike are 82% given the current environment. Consequently, the white metal will likely continue under pressure, preventing silver buyers from placing new wagers as US Treasury yields climb.


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