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NEWS TAGGED BUSINESS
Monday 20 May 2024
Mahindra to invest US$1.4 billion in EV business
Mahindra announced a substantial investment in its EV business over the next three years as the company tries to catch up with EV leaders, particularly Tata, in the rapidly growing...
Thursday 16 May 2024
M&A not the only expansion strategy, says WPG
WPG will embrace various collaboration models, in addition to Mergers and Acquisitions (M&A), to broaden its business scope in light of geopolitical shifts and changes in supply...
Wednesday 15 May 2024
Foxconn's 1Q24 earnings call: more opportunities for CDMS business model as EV market competition intensifies
Foxconn held its earnings call for the first quarter of 2024 on May 14, during which the focus remained on AI servers and the EV market. By building upon its solid technological expertise,...
Monday 13 May 2024
Rising Chinese homegrown carmakers offer Global PMX's transforming auto business promising future
China's homegrown car companies attracted the automotive industry's attention at the 2024 Beijing Auto Show last week, while global automakers gathered at the site.
Friday 10 May 2024
TASC board undergoes major transformation as equipment depreciation impacts short-term profitability
Taiwan-Asia Semiconductor Corporation (TASC), in its transition from optoelectronic sensing, reported a post-tax loss of NT$38 million in the first quarter of 2024.
Thursday 9 May 2024
Alltek accelerates developing wide band-gap semiconductors due to data center electricity demand
Hung-chang Hsieh, CEO of the IC distributor Alltek Technology, stated that in recent years, the increase in interest rates has led to higher financial costs and changes in industry...
Monday 6 May 2024
iPhone maker Hon Hai hits a record high buoyed by AI, Apple
Hon Hai Precision Industry Co.'s shares jumped to a record high after posting its strongest monthly sales growth since the start of 2023, potentially raising expectations for iPhone...
Monday 6 May 2024
AMD optimistic about AI-related performance; gaming business unlikely to improve in short term
In the first quarter of 2024, AMD's data center and client revenue experienced year-on-year growth rates of over 80%. The company is optimistic that AI will fuel these two businesses...
Thursday 2 May 2024
Global geopolitical shifts disrupt Taiwanese business strategies in China
In the wake of the Ukraine War, the ripple effects are felt far beyond the Eastern European theater. As China and Iran throw their weight behind Russia, the landscape of global commerce...
Thursday 2 May 2024
AI server power supplies and cooling behind Lite-On's strong showing
Lite-On Technology reported NT$28.776 billion (US$882.5 million) in revenue for the first quarter of 2024, marking a decrease of 22% from the previous quarter, and a 15.8% drop yea...
Thursday 2 May 2024
Qualcomm sees strong chip sales in Chinese smartphone market, anticipates continued diversification into automotive business
Qualcomm reported slightly stronger-than-expected results over the past quarter, and its upbeat outlook suggests an improvement in the mobile phone industry. Qualcomm also expects...
Thursday 2 May 2024
Intel's AI ambitions stumble as Nvidia dominates
With Nvidia continuing to make waves in the market, the gap between companies attempting to catch up with them in the cloud AI arena continues to widen.
Tuesday 30 April 2024
Samsung sees memory biz return to profit, upbeat about foundry sales
Samsung Electronics has reported operating profits of KRW6.61 trillion (US$4.78 billion) on consolidated revenue of KRW71.92 trillion for the first quarter of 2024. Revenue was primarily...
Tuesday 30 April 2024
Flexium upbeat about automotive demand
Flexible printed circuit (FPC) specialist Flexium Interconnect has expressed optimism about demand for automotive applications in the long run, believing the worst has passed.
Monday 29 April 2024
Intel faces a transition dilemma as foundry business unlikely to break even in 3 years
Intel Corp. is trying to strike a balance between design and manufacturing.