Demand for high-priced startups has skyrocketed this year
The first quarter of the current calendar year has not yet ended, and the total amount of announced deals for the sale of startups worth more than $1 billion has…
Xiaomi Reports Record $50 Billion Annual Revenue, Helped by Expensive Smartphones and Electric Cars
Xiaomi has announced its financial results for the fourth quarter and full year 2024. Last year, the company posted revenue of 365.9 billion yuan ($50.5 billion), a record for the…
Siri AI Failure Threatens Apple With Big, Long-Term Losses
The news that the release of an updated version of the Siri voice assistant will be delayed for another year could cost Apple dearly. iPhone sales growth is slowing, and…
Chinese authorities will allocate $55 billion this year to finance advanced developments
The new US government has not yet determined the fate of the $53 billion, five-year program for subsidizing the national semiconductor industry, adopted by its predecessors. At the same time,…
Foxconn Reports 13% Quarterly Profit Drop, But AI Hype Will Fix It
The world’s largest contract electronics manufacturer Foxconn is optimistic about 2025, forecasting strong revenue growth in the first quarter despite an unexpected 13% decline in profit in the fourth quarter…
China’s Naura Becomes World’s Sixth-Largest Chip Machine Maker
The efforts of Chinese chip manufacturers to replace imports are now often hampered by the lack of a sufficient range of equipment available to them. The Chinese manufacturer Naura Technology,…
While Tesla shares plummet, Musk’s private companies have surged 45% since the US presidential election
Shares of Tesla, Elon Musk’s public company, have been in free fall for the past few months. But that’s not the case for the billionaire’s private companies. Secondary market investors…
Global chip sales jump 17.9% in January to set new record
The industry association SIA has just summed up the results of January, which allows it to talk about the growth of revenue from the sale of semiconductor components by 17.9%…
By 2030, the US will produce one in every five advanced processors
TSMC this week announced plans to increase investment in advanced semiconductor manufacturing in the U.S. to $165 billion. If the company sticks to its schedule, mass production at its three…
Trump Still Wants Tariffs on Taiwanese Chips — $100 Billion TSMC Deal Hasn’t Changed Anything
The world’s largest semiconductor contractor TSMC promised on Monday, March 3, to increase its investment in U.S. manufacturing by $100 billion. The company’s CEO, C.C. Wei, made the announcement at…