Epistar may see profit from Kaistar
LED epitaxial wafer and chip maker Epistar stands a chance of bringing in non-operating profit from its China-based joint venture Kaistar Lighting (Xiamen), a vertically-integrated LED maker focusing on lighting, according to industry sources......»»
Ford reports US$1.76 billion profit, seeing EV revenue decline in 1Q23
Ford Motor posted US$1.76 of net income in the first quarter of 2023 as total shipments increased by 9% year-over-year. On Tuesday, it lowered prices of the electric Mustang Mach-E again while CEO Jim Farley said the carmaker will not cut prices just.....»»
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......»»
Galaxy S23 plays vital role in bolstering Samsung 1Q23 profit performance
Robust sales of Galaxy 23 series handsets have successfully prevented Samsung Electronics from slipping into operating losses in the first quarter of 2023, and are expected to continue bolstering its second-quarter performance in the second quarter,.....»»
Intel foundry business continues to fall, to make Arm SoC on Intel 18A
Amid a PC slump, Intel posted a sharp fall in sales and profit as the chip giant is hopeful that the worst is over. Intel also confirmed the roadmap for five nodes is on track......»»
BYD posted more than 400% profit growth in 1Q23 amid EV price war
Amid an EV price war in China and elsewhere, BYD saw a sharp annual increase in profit; however, a sequential decline in profit reflects the impact of the price war......»»
Amazon posts $3.2 billion profit as it goes through multiple rounds of layoffs
Amazon is starting the year back in the black......»»
Samsung makes its stunning 95 percent profit drop official for Q1 2023
A glut of memory chips leaves Samsung with its lowest profits since 2009. Enlarge / The regional headquarters of Samsung in Mountain View, California. (credit: Getty Images/Smith Collection) Samsung warned the world ear.....»»
Tesla price cuts threaten image as a tech leader
CEO Elon Musk says the EV maker is trading profit for volume, a common tactic in the auto industry. But the deep price cuts are undermining claims that Tesla is primarily a tech firm......»»
Tesla price cuts threaten image as a tech firm
CEO Elon Musk says the EV maker is trading profit for volume, a common tactic in the auto industry. But the deep price cuts are undermining claims that Tesla is primarily a tech firm......»»
AMD partner, China-based packaging leader Tongfu Micro reported Q1 2023 results
Leading Chinese IC assembly and testing player Tonfgu Microelectronics has revealed its first-quarter 2023 results, seeing a revenue of CNY4.64 billion (US$670 million), up 3.11% YoY. Net profit was CNY4.55 million, down 97.24% YoY......»»
Hyundai reports 92.4% net profit increase in 1Q23
Strong sales worldwide in the first quarter of 2023 helped Hyundai Motor's profits. The carmaker released the financial results on April 25, with net profit growing 92.4% year-over-year......»»
Kia aims to lift electric vehicle sales after record profit
Kia Corp. wants to increase sales of electric vehicles so they account for 9% of revenue by the end of the year, up from 5.5% last quarter......»»
Macronix eyeing return to profit in 2Q23
Macronix International will strive to return to profitability in the second quarter of 2023, according to company chairman Min Wu......»»
Hyundai readies U.S. battery plant as Q1 profit more than doubles
Hyundai reported that its first-quarter profit had more than doubled, as it finalized a $5 billion EV battery joint venture in the U.S., boosting electrification efforts in its largest market......»»
GM Q1 earnings: Employee, dealer buyouts push net income down 19%; full-year guidance up
North American pretax profit rose 14 percent to $3.6 billion......»»
Grimes promises to share revenue from AI-generated songs using her voice
Let all of us artists embrace our AI overlords and profit off their brilliance! Last week, new songs from Drake and The Weeknd went viral. … The post Grimes promises to share revenue from AI-generated songs using her voice appeared first on BGR.....»»
Elon Musk is willing to bet Tesla’s profits on a driverless dream
Musk said on a conference call last week that Tesla has the wherewithal to sell cars at “zero profit” and then earn immense sums later off driverless software......»»
Lyft plans to "significantly reduce" workforce, CEO says
Lyft plans to "significantly reduce" its workforce, the company's new CEO David Risher told employees on Friday, in another round of layoffs as it struggles to turn a profit and pull off a turnaround......»»
Elon Musk pins hopes on full self-driving as Tesla"s next profit driver
Some analysts and investors worry that Tesla's industry-leading market valuation is threatened by factors including price cuts that have undermined its margins, delays in rolling out new models and revisions to its full self-driving software. .....»»
Hikvision optimistic about market recovery; expands investment in automotive and AI products
China-based video surveillance equipment maker Hikvision released its 2022 financial report. It reported a revenue of CNY83.2 billion (US$12.08 billion), a 2.1% annual growth. In terms of the net profit attributed to the parent company, it reached CN.....»»