BizLink expects synergy from acquiring LEONI"s INBG
Connecting cable and wiring system maker BizLink Holding has finished acquisition of a 100% stake in Industrial Solutions Business Group (INBG) under Germany-based cable maker LEONI at Euro 451 million (US$507 million), and expects the acquisition to.....»»
Rivian affirms 50K production goal this year after $1.35 billion Q1 net loss
Rivian CEO RJ Scaringe expects an accelerating production ramp up for the rest of 2023 and significant cost cutting on the way to profitability in coming years......»»
Rivian Q1 loss narrows to $1.35 billion
The company expects production ramp-up of its in-house Enduro powertrains to help offset parts supply issues in the second half of the year, enabling it to meet its smaller-than-estimated target of manufacturing 50,000 units......»»
Foxconn purchased massive plots of land in India & Vietnam for new factories
Foxconn is expanding its production in India and Vietnam, with the Apple assembly partner acquiring large stretches of land in both countries.A Foxconn facilityAs a global supply chain partner, Foxconn has facilities in China and other manufacturing.....»»
Rebounding Mitsubishi expects North American profitability to surge
Rebounding Mitsubishi Motors expects North America to emerge at the Japanese carmaker's top profit center and second-biggest global market in the current fiscal year as it reins in incentive spending and gets traction from the Outlander PHEV crossove.....»»
Lucid cuts production forecast after $780 million net loss
Lucid expects production of "over 10,000" vehicles in 2023 from its previous forecast of 10,000 to 14,000. The EV maker said it had funding through the second quarter of next year......»»
BenQ Materials expects robust demand for consumer medical products in China in 2Q23
BenQ Materials has continued to shift its business focus toward medical-related products, away from polarizers, which have gradually seen a reduced revenue contribution and expects consumer medical product sales to grow dramatically in the second qua.....»»
BYD to make electric vehicles in Vietnam in Southeast Asia push
BYD Co. plans to produce electric vehicles in Vietnam and expects support from the country's government to do so, the Southeast Asian nation said following a May 5 meeting between Deputy Premier Tran Hong Ha and the automaker's chairman and founder,.....»»
Transcom, backed by Norwegian SWF, expects double-digit revenue growth in 2023
Transcom, a Taiwan-based IDM specializing in microwave semiconductor components and sub-system products, is seeing a steady growth momentum for 2023. As Taiwan's only IDM focusing on compound semiconductors, Transcom has been riding on Taiwan's recen.....»»
ChipMOS expects DDI backend biz to post substantial growth in 2Q23
Backend house ChipMOS Technologies expects sales generated from display driver IC (DDI) orders to rise substantially in the second quarter of 2023......»»
WT Micro expects sales recovery in 2H23
IC distributor WT Microelectronics expects its revenue to hit bottom for 2023 in the second quarter before growing sequentially in the third and fourth quarters......»»
Apple still didn"t give specific financial guidance, but hinted at what to expect for Q3
For three years running, Apple didn't provide specifics on what they expect for the next quarter, but chief financial officer Luca Maestri gave some color on what the company expects.iPhone continues to be a driver for Apple earningsApple's Q2 earnin.....»»
AAPL Q2 2023 earnings expected to be down, but stock buybacks to show confidence
AAPL Q2 2023 earnings will be announced at 2 p.m. PDT/5 p.m. EDT today, and while the company hasn’t offered specific guidance, it has warned that it expects a year-on-year decline of around 5%. Wall Street agrees, with analysts expecting a drop f.....»»
VW boosts Q1 revenue as U.S., Europe offset China slide
VW expects higher competition as supply chain bottlenecks ease and China's electric car market heats up but the company says it puts margins over volume even as it fights to maintain market share......»»
VIS expects 17% revenue growth in 2Q23
Specialty IC foundry Vanguard International Semiconductor (VIS) expects to post a revenue increase of approximately 17% sequentially in the second quarter of 2023, with gross margin and operating margin remaining roughly unchanged on quarter......»»
Researchers detect and classify multiple objects without images
Researchers have developed a new high-speed way to detect the location, size and category of multiple objects without acquiring images or requiring complex scene reconstruction. Because the new approach greatly decreases the computing power necessary.....»»
Carvana Q1 earnings preview: Retailer expects smaller adjusted loss than year ago
The company expects its used-vehicle volume to land between 76,000 and 79,000 vehicles in the three months ending March 31, down about a quarter from a year earlier, according to a preliminary estimate it provided in a March 22 regulatory filing......»»
NXP expects automotive business to lead growth in near term
Primarily due to a slowdown in the mobile industry and in China, NXP posted a slight drop in its latest financial results, eyeing the automotive segment to lead its growth......»»
AMD expects stronger PC and server markets in 2H23
According to AMD's latest financial results, the industry still struggles with a severe PC slowdown as the second-largest computer processor provider forecasts a lackluster outlook......»»
Chevy expects under-$25,000 Trax to become one of brand"s top sellers
Chevy plans a marketing push starting in June targeting buyers of the previous-generation Trax as well as owners of the defunct Cruze and Sonic sedans......»»
Cloud spending grows by over US$10 billion from 2022, says Synergy
New data from Synergy Research Group shows that first-quarter 2023 enterprise spending on cloud infrastructure services exceeded US$63 billion worldwide, up by well over US$10 billion from the first quarter of last year. The year-on-year growth rate.....»»