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 billion to the American division of Taiwan Semiconductor Manufacturing Co…
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 quarterly financial results for the third quarter of 2024. The…
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 the reporting period increased by 47% compared to the third…
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 to Tesla CEO Elon Musk’s close ties with US President-elect…
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 funding to produce components used to make semiconductor chips. Image…
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 seeks to cement one of its signature initiatives before President-elect…
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. In the reporting period, the volume of operating profit received…
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 quarter by 58.3%. The semiconductor industry has shown signs of…
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, Bloomberg estimates. Executives at major companies this week warned investors…
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 to $100 billion annually. This figure is a historical maximum…