Financial news and analytics
Trump’s victory triggered a rapid rise in Tesla shares – the company is already worth more than $1.11 trillion
Tesla shares rose 8% today, continuing the strong growth that began last week after the US elections. Analysts attribute this…
Corning will receive $32 million from the US government as part of the “CHIP Act”
Corning, the US manufacturer of tempered Gorilla Glass for mobile devices, will receive $32 million in CHIPS and Science Act…
Trump’s election jeopardizes government subsidies under the “Chip Law”: chip makers may be left with nothing
The administration of current US President Joe Biden has accelerated negotiations with electronics manufacturers including Intel and Samsung as it…
Sony boosts profits thanks to demand for games
Sony published its next quarterly financial report, and also adjusted its revenue and sales forecast for the entire financial year.…
SMIC increased revenue and profit on the wave of recovery in the semiconductor industry
The largest Chinese contract chip manufacturer Semiconductor Manufacturing International Corp (SMIC) reported an increase in net profit in the third…
In the race for advanced AI, tech giants will spend more than $200 billion in 2024
Capital expenditures of Amazon, Microsoft, Meta✴ and Alphabet will amount to more than $200 billion by the end of 2024,…
Apple’s services business has grown ‘phenomenally’ to $100 billion a year
In its third-quarter 2024 report, Apple reported 12 percent year-over-year revenue growth from its services business to $25 billion, equivalent…
Iran lifts ban on import of modern iPhones
Residents of Iran will soon be able to officially purchase the latest iPhone models. Until now, under the 2023 ban,…
Intel deprives employees of free coffee and fruit
Employees at Intel's Israeli offices recently discovered a lack of familiar amenities: once well-stocked kitchenettes offering free coffee, tea and…
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…