BorgWarner Q1 profits take a hit from electrification R&D, inflation
BorgWarner Inc. executives are expecting a boom in the electrification business but not before e-products put some strain on its profitability. The supplier saw first-quarter sales of $4.2 billion, up 8 percent from a year ago, and net earnings of.....»»
Wiwynn posts strong 1Q23 results
Server ODM Wiwynn has reported net profits of nearly NT$3.3 billion (US$107.5 million) on revenue of NT$74.23 billion for the first quarter of 2023, both of which set new records for the same period in previous years. EPS for the quarter came to NT$1.....»»
Nan Ya sees 1Q23 profit fall to 8-quarter low
Nan Ya PCB, among Taiwan's major ABF substrate suppliers, saw its net profits hit an eight-quarter low of NT$2.325 billion (US$75.8 million) in the first quarter of 2023. EPS for the quarter came to NT$3.60......»»
Taiwanese semiconductors receive global attention as automakers" perception changes
Driven by the electrification of automotive electronics, the semiconductor demand for single vehicles has greatly increased. The shortage of critical car-grade chips, which has been ongoing for three years, has also led to a significant reversal in a.....»»
American Axle leaning into electric opportunities amid Q1 loss
American Axle & Manufacturing reported a $5.1 million first-quarter loss Friday. The company is leaning into electric opportunities as it faces inflation and supply chain issues......»»
Moderna rakes in surprise profits ahead of 400% vaccine price hike
Moderna made about $680 million more than expected in the first quarter. Enlarge / Moderna CEO Stephane Bancel during a Bloomberg Television interview on the closing day of the World Economic Forum in Davos, Switzerland, on May.....»»
When the Fed announces a new monetary policy strategy, do households listen?
In August 2020, Federal Reserve Chair Jerome Powell announced a change in the Fed's inflation strategy: they would be implementing a strategy called average inflation targeting (AIT), which allows inflation to move above and below the target rate of.....»»
Basic income could help create a more just and sustainable food system in Canada
Canada's food system is experiencing ongoing stresses from supply chain disruptions, price inflation and extreme weather events. Canadians are feeling the effects of these stresses: in 2021, nearly 16% of provincial households experienced some degree.....»»
Acer announces 1Q23 net income at NT$515.17 million, EPS NT$0.17; appoints new president
Acer has announced its financial results for the first quarter of 2023. Consolidated revenues reached NT$52.46 billion (US$1.7 billion), gross profits reached NT$5.36 billion and maintained a margin of 10.2%, while inventory was further reduced to NT.....»»
BorgWarner Q1 profits take a hit from electrification R&D, inflation
BorgWarner Inc. executives are expecting a boom in the electrification business but not before e-products put some strain on its profitability. The supplier saw first-quarter sales of $4.2 billion, up 8 percent from a year ago, and net earnings of.....»»
Ferrari"s Q1 earnings rose 27% on higher sales, strong pricing
Ferrari's profit margin grew to 37.6 percent as it raised prices for its wealthy customers who are less affected by soaring inflation and higher interest rates......»»
Ford to alter China strategy, Farley says
New plans call for lower investments and a concentration on areas that generate profits, such as commercial and electric vehicles......»»
China AI chip developers swing to profits, but Cambricon still in the red
China's major AI chip developers have reported significant profit results for 2022 operations. The only exception is Cambricon Technologies, which was still mired in heavy losses......»»
Adient"s Q2 revenue grows, but headwinds hurt profits
The automotive seating supplier saw revenue rise 11 percent year over year to $3.9 billion, though it finished the quarter $15 million in the red......»»
Kia will push EV leasing to reap tax credit boon
Kia will lean more aggressively into the Inflation Reduction Act provision that extends a $7,500 federal EV incentive to leasing customers......»»
Ford boosts Mustang Mach-E range and drops price as profits grow 20%
The range now starts at $42,995, with price cuts of between $1,000-$4,000. Enlarge / Like the FedEx arrow or the elephant in GM's new logo, once you see the bandito mustache, you'll never unsee it. (credit: Jonathan Gitlin).....»»
Costly sub-3nm investments challenging TSMC, others
The high cost of manufacturing processes smaller than 3nm and related investments is posing a challenge to TSMC and its Korean and US peers, who are attempting to maintain adequate long-term margins and profits, according to industry sources......»»
Facing uncertain outlook, MediaTek sets strategy of prioritizing profits
MediaTek was extremely cautious at its earnings call when announcing its prospect expectations, confirming recent market observations. The overall operations in the second quarter sell slightly. Besides TV and broadband network-related chips, other p.....»»
Seafood industry resists push to reel in traceable wild fish: Study
Seafood giants are resisting the push to use technology to trace wild seafood and clean up the industry as it may bite into their profits, a Monash University report reveals......»»
How daily checkouts, e-contracting boosted this store"s F&I profits
Taylor CDJR's daily improved communication and digitized F&I sales increased profit per vehicle to more than $2,400 from $1,100......»»
AIC sees record performances in 1Q23 revenues and profits
Power management IC (PMIC) supplier Analog Integrations (AIC) reported consolidated revenues of NT$407 million (US$13.12 million) for the first quarter of 2023, up 30% sequentially and 18% on year with gross margin reaching 38.64%......»»