The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia‘s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped … Read more
Order books for both mature and advanced semiconductor nodes for Taiwanese chip firms are still very full, Economy Minister Wang Mei-hua said on Wednesday, amid concerns about a slowdown in tech-related demand. A significantly weaker-than-expected business outlook by memory-chip firm Micron Technology last Thursday raised concern that, following nearly two years of strong demand, the … Read more
Samsung is likely to turn in its best April-June profit since 2018 with a 15 percent year-on-year rise, as lingering demand for its memory chips from server customers offsets lower sales to inflation-hit smartphone makers. Operating profit for the world’s biggest smartphone and memory-chip maker likely jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in … Read more
Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Like other global manufacturers, the Taiwanese firm has grappled with a severe shortage of chips, which has hurt smartphone production including for its … Read more