Financial news and analytics

China’s SMIC Ends Year With Record Revenue, But Profits Nearly Halve

China's largest contract chipmaker SMIC released its annual report this week, reporting a 27% increase in revenue for the period…

1 week ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

4 weeks ago

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…

4 weeks ago

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…

4 weeks ago

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…

1 month ago

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…

1 month ago