Financial news and analytics

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…

2 weeks ago

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.…

2 weeks ago

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…

2 weeks ago

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,…

3 weeks ago

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…

3 weeks ago

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,…

3 weeks ago

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…

3 weeks ago

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…

3 weeks 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.…

3 weeks 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 -…

4 weeks ago