Financial news and analytics

Strong demand for smartphones and AI chips ensured Huawei’s seventh consecutive quarter of revenue growth

Huawei's revenue has shown growth for the seventh quarter in a row - the company's smartphones continue to be in…

5 months ago

Meta reports $4.4 billion loss for Reality Labs in Q3

Despite its success in developing AR and VR wearables, Meta✴ continues to face heavy losses for its Reality Labs division.…

5 months ago

Intel wanted to take over Nvidia for $20 billion in 2005 – today it is worth more than $3 trillion

In 2005, the then head of Intel, Paul Otellini, approached the company's board of directors with an unexpected proposal -…

5 months ago

ASML’s “technical error” cost the global tech industry $420 billion – and that’s just the beginning

Dutch semiconductor equipment manufacturer ASML yesterday published disappointing sales forecasts, which led to a decline not only in its securities,…

6 months ago

Japanese Rapidus has half completed the construction of the first pilot line for the production of 2nm chips

According to Taiwanese media, the Japanese corporation Rapidus completed approximately 50% of the construction of a pilot line for the…

6 months ago

EU Patent Court rules billions of euros worth of products destroyed due to counterfeit LEDs

On October 10, 2024, the European Union Patent Court in Düsseldorf ruled in favor of Seoul Semiconductor and its subsidiary…

6 months ago

Vietnam has decided to become a major chip manufacturer – the country will build six semiconductor factories by 2050

The only significant semiconductor facility in Vietnam right now is Intel's chip assembly and testing center, but the country aims…

6 months ago

Nvidia boasted of “insane” demand for Blackwell chips, but “everything is going according to plan”

Nvidia CEO Jensen Huang told CNBC's "Closing Bell Overtime" that demand for Blackwell's next-generation AI accelerator is "insane." Nvidia has…

6 months ago

Sam Altman and Mark Zuckerberg were sent gloves with extra fingers – this is a hint of the dangers of AI

The movie criminal always leaves a business card at the crime scene - a mystery object that hints at new…

6 months ago

The daughter of the company’s founder, Sabrina Meng, will lead Huawei in the next six months.

Chinese technology giant Huawei has named the company's new replacement CEO. Eric Xu's term in this post expired on September…

6 months ago