Financial news and analytics
The PC market returned to growth – shipments of client CPUs jumped 12% in the third quarter
Shipments of consumer and server processors showed significant growth in the third quarter of 2024, analysts at Jon Peddie Research…
US antitrust officials have prepared a series of farewell blows to IT giants
Top antitrust officials in Joe Biden's administration are aiming to deal as many blows as possible to the tech industry…
Samsung shares rise 5% amid ‘desperate’ buyback plan
Samsung announced a 10 trillion won ($7.2 billion) share buyback in an attempt to regain investor confidence and stabilize its…
Musk skims the cream after the US elections: SpaceX was valued at $250 billion, and the value of xAI soared to $45 billion
Two private companies of Elon Musk, SpaceX and xAI, will soon dramatically increase their capitalization due to new investments. A…
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…
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…
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…
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…