Financial news and analytics

China does not stop pouring into semiconductor production: Beijing authorities have opened a $1.2 billion fund

The Beijing municipal government has launched a $1.2 billion fund to support the local semiconductor industry. This is just one…

6 months ago

Dutch authorities will ban ASML from servicing chip production machines in China

Dutch authorities plan to restrict ASML's repair and maintenance activities for semiconductor manufacturing equipment in China, dealing another painful blow…

6 months ago

The prices of gallium and germanium in Europe have almost doubled due to Chinese sanctions – this is hitting chip production

Since August last year, Chinese authorities have been restricting the export of gallium and germanium without special licenses, so the…

6 months ago

Over two and a half years, TSMC received almost $2 billion in subsidies from the authorities of Japan and China.

TSMC is not only going to build factories in Japan, the USA and Germany, but is also modernizing existing ones,…

6 months ago

China doubled imports of Samsung and SK hynix memory chips in the first half of the year amid US sanctions

Memory chip leaders Samsung Electronics and SK hynix note that China has significantly increased imports of South Korean chips in…

6 months ago

Foxconn profits beat forecasts thanks to AI boom, but smartphone demand stagnates

Foxconn showed a 6% increase in quarterly net profit, exceeding all analysts' forecasts. The world's largest contract electronics manufacturer expects…

6 months ago

The video game market is expected to grow modestly at 2.1% in 2024.

The global video game market is expected to grow modestly in 2024 amid weak console sales, according to a new…

6 months ago

AI-enabled PCs accounted for 14% of shipments in Q2

According to the latest report from analyst agency Canalys, 8.8 million computers with artificial intelligence capabilities were shipped to the…

6 months ago

Intel offered Irish employees to resign themselves, but with a “parachute” of up to €500 thousand.

Intel recently announced plans to cut its workforce by 15% to cut costs. The chipmaker's Irish office recently asked employees…

6 months ago

Profit growth for American big tech companies has slowed down as the hype around AI subsides

The quarterly reporting season has not yet ended, but Bloomberg analysts have already summed up some results in terms of…

6 months ago