China Resources Power Holdings Co Ltd
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Based in Hong Kong
Company profile

China Resources Power Holdings Company Limited is a Hong Kong-based investment holding company principally engaged in the investment, development and operation of power plants. The Company operates through three segments. Thermal Power segment is engaged in the investment, development, operation and management of coal-fired power plants and gas-fired power plants, as well as the sales of heat and electricity. Renewable Energy segment is engaged in wind power generation, hydroelectric power generation and photovoltaic power generation, as well as the sales of electricity. Coal Mining segment is engaged in the mining of coal mines, as well as the sales of coal. The Company mainly operates businesses in China.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$26.05
Day's Change
-0.685 (-2.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.05
Day's Low
26.05
Volume
(Heavy Day)
Volume:
330

10-day average volume:
249
330

Apple plans to source chips from Arizona plant that's set to open in 2024: report

7:53 am ET November 16, 2022 (MarketWatch)
Print

By Mike Murphy

Apple Inc. plans to source chips for its devices from a manufacturing plant currently under construction in Arizona, according to a new report.

Bloomberg News reported Tuesday that Apple Chief Executive Tim Cook recently said during an internal meeting in Germany that the tech giant is preparing to buy chips from "a plant in Arizona," which is expected to go online in 2024. Cook reportedly added that Apple will likely buy more European-made chips as well.

That's all in an effort to reduce its reliance on chip manufacturing from Asia, which has been plagued by COVID-19 and shipping disruptions in recent years. Apple has been working to remake its supply chain, with dozens of its parts suppliers adding manufacturing facilities in the U.S in fiscal 2021, according to a supplier list released by Apple in October.

The Arizona plant Cook referred to is likely the $12 billion facility north of Phoenix being built by Taiwan Semiconductor Manufacturing Co., which was announced in 2020. TSMC is the world's largest contract manufacturer of silicon chips and is Apple's chip-making partner.

Last week, the Wall Street Journal reported TSMC would expand that facility, which could serve as a second manufacturing plant.

TSMC's U.S. shares (2330.TW) surged more than 10% on Tuesday after Warren Buffett's Berkshire Hathaway Inc. (BRKA)disclosed a significant stake Monday.

Apple shares (AAPL) rose 1% Tuesday, but are down 15.5% year to date, compared to the 7.6% decline this year by the Dow Jones Industrial Average , which counts Apple as a component.

-Mike Murphy

	

(END) Dow Jones Newswires

November 16, 2022 07:53 ET (12:53 GMT)

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