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Tuesday 5 November 2024
Meta ups investment in AI and XR despite rising losses, eyes 2025 growth
Meta Platforms has raised its 2024 capex forecast to between US$38 billion and US$40 billion, slightly above its earlier projection of US$37 billion to US$40 billion. This adjustment...
Tuesday 5 November 2024
Ilitek prepares for 2025 expansion with OLED, auto and notebook DDI portfolio
Display driver IC (DDI) specialist Ilitek is poised to re-enter the capital market in late November as ITH Corporation. Ahead of ITH's upcoming listing on the stock market, chairman...
Tuesday 5 November 2024
Leveraging AWS JIC to build up technological strength, Eslitec introduces MantaGO to help companies address digital challenges
Not only have flourishing developments of social media changed how people communicate with each other but they have also made social media a key marketing channel that companies rely...
Monday 4 November 2024
Toshiba fights back, aiming to double power chip market share to rival global giants in 2030
Toshiba Electronic Devices & Storage has set an ambitious target to boost its market share in the global power semiconductor market from the current 3.2% to a double-digit percentage...
Monday 4 November 2024
Tech giants are set to spend US$200 billion this year chasing AI
Three months ago, Wall Street punished the world's largest technology firms for spending enormous amounts to develop artificial intelligence (AI), only to deliver results that failed...
Monday 4 November 2024
Google Cloud soars amid AI demand as antitrust shadows fall over ad business
As the first major US tech giant to report quarterly earnings, Alphabet delivered third-quarter results that outpaced analysts' predictions. Fueled by soaring demand for AI computing...
Monday 4 November 2024
Samsung faces unprecedented crisis as core businesses stagnate, talent exits
October 27 marked the second anniversary of Jae-yong Lee's tenure as Samsung Electronics' (Samsung) executive chairman. However, both Lee and Samsung are facing unprecedented chall...
Friday 1 November 2024
Samsung MX reports 14.5% YoY decline in 3Q24 profits, eyes AI and new mobile phone form factors for future growth
Samsung Electronics (Samsung) has released its financial report for the third quarter of 2024, revealing a 14.5% year-over-year decline in operating profit for its Mobile Experience...
Friday 1 November 2024
LG aims to rank among top 3 in global medical monitor market within 5 years
LG Electronics is following Samsung's lead in pursuing the lucrative medical technology field as a key future revenue source. The company plans to develop its medical technology business,...
Friday 1 November 2024
ASEH steps up advanced packaging capacity expansion
OSAT ASE Technology (ASEH) has stepped up its pace of capacity expansion for advanced packaging to meet demand for AI device applications, which it anticipates to be a continual growth...
Friday 1 November 2024
Intel posts deepening loss due to restruction, but analysts eye potential turnaround
Intel reported deepening losses amid ongoing restructuring efforts, with Intel Foundry incurring an operating loss of US$5.8 billion. However, the results exceeded analyst expectations,...
Friday 1 November 2024
Dixon to make notebooks for top vendors in India, becoming largest beneficiary of scrutiny against Chinese investments
Dixon Technologies, the largest India-based EMS/ODM, said it had bagged orders of four out of five top PC brands in India. The company is expanding its mobile phone manufacturing...
Thursday 31 October 2024
GF aims to revitalize foundry business in China with team expansion planned for 2025
GlobalFoundries (GF) is looking to revitalize its operations in China. K.C. Ang, who became GF's president for Asia and chairman for China earlier this year, recently said at an annual...
Thursday 31 October 2024
Samsung breaks record in sales in 3Q24, memory business still falls short
Samsung Electronics achieved a historic high in revenue for the third quarter of 2024. Yet, overall operating profit fell short of market expectations, primarily due to one-time expenses...
Thursday 31 October 2024
Alphabet's AI investments accelerate GCP growth in 3Q24
Alphabet released its financial results for the third quarter of 2024 on October 29, showing accelerated growth in Google Cloud, indicating that the company's long-term investment...