Financial news and analytics

The US allocated $6.6 billion to TSMC under the “Chip Act”

The US Department of Commerce said it has completed the allocation of a government subsidy in the amount of $6.6…

3 months ago

Foxconn is also reaping the benefits of the AI ​​boom – profits jumped 14% thanks to AI servers

Foxconn, the world's largest contract electronics manufacturer from Taiwan and Apple's main iPhone assembly partner, reported a significant increase in…

3 months ago

Games and AI drove Tencent’s 47% profit growth

The Chinese company Tencent reported an increase in net profit for the third quarter. The volume of profit received in…

3 months ago

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…

3 months ago

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…

4 months ago

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…

4 months 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.…

4 months 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…

4 months 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,…

4 months 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…

4 months ago