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SMIC sees prolonged chip glut, signals cautious expansion outlook
08 Nov 2024

SMIC sees prolonged chip glut, signals cautious expansion outlook

Semiconductor Manufacturing International Corp, China’s largest chipmaker, warned on Friday that overcapacity in mature node chips will persist through 2025 and that it was turning cautious on building new capacity. 
Sony posts 73% jump in Q2 profit, keeps outlook

Sony posts 73% jump in Q2 profit, keeps outlook

08 Nov 2024
Sony reported on Friday a 73% rise in group operating profit in the July-September quarter, buoyed by strong sales in its game and network business.
Qualcomm chip sales to Chinese smartphone makers fuel strong results

Qualcomm chip sales to Chinese smartphone makers fuel strong results

07 Nov 2024
Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a wave of launches of flagship Chinese smartphones.
TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

07 Nov 2024
Taiwan Semiconductor Manufacturing Co,  GlobalFoundries  and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said.   
FTC sues fintech app Dave over misleading $500 cash advance ads

FTC sues fintech app Dave over misleading $500 cash advance ads

06 Nov 2024
The U.S. Federal Trade Commission sued financial technology company Dave Inc in Los Angeles on Tuesday, accusing it of luring users to its personal finance app by advertising cash advances of up to $500 that many never receive.
Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus
06 Nov 2024

Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.
French IT firm Atos agrees to sell Worldgrid unit to Alten

French IT firm Atos agrees to sell Worldgrid unit to Alten

05 Nov 2024
Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before end-2024.
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

05 Nov 2024
Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.
Siemens can make more acquisitions after Altair deal, exec tells paper

Siemens can make more acquisitions after Altair deal, exec tells paper

04 Nov 2024
Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair, managing board member Cedrik Neike said.
Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion

Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion

04 Nov 2024
Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.
Big Tech's AI splurge worries investors about returns
01 Nov 2024

Big Tech's AI splurge worries investors about returns

Big technology companies including Microsoft, Meta and Amazon are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested.
Google brings AI answers to map applications

Google brings AI answers to map applications

01 Nov 2024
Alphabet’s Google on Thursday announced a set of features that incorporated Gemini, its artificial intelligence chatbot, into its suite of mapping applications.
STMicroelectronics trims 2024 revenue outlook again

STMicroelectronics trims 2024 revenue outlook again

31 Oct 2024
European chipmaker STMicroelectronics on Thursday said its full-year revenue would come at the low end of the earlier guidance range, its third cut to the outlook this year amid weak demand from its industrial clients.
Siemens' $10.6 billion Altair deal seen boosting industrial software offering

Siemens' $10.6 billion Altair deal seen boosting industrial software offering

31 Oct 2024
Siemens announced a $10.6 billion deal to buy U.S. engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company’s presence in the fast-growing industrial software market.
Advantest hikes profit forecast as AI boosts testing demand

Advantest hikes profit forecast as AI boosts testing demand

30 Oct 2024
Japan’s Advantest on Wednesday hiked its full year operating profit forecast by almost a fifth to 165 billion yen ($1.08 billion) as strong demand for high performance artificial intelligence-related chips boosted its testing tools business. 

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