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......»»
CATL posted over 550% rise in profit in 1Q23
CATL, the world's largest battery manufacturer, posted stronger-than-expected financial performance as the company kept ramping up R&D expenses to solidify its leadership......»»
Tesla will sacrifice profit for higher volume, Musk says
CEO Elon Musk views pushing for higher volume and a larger fleet as the right choice for Tesla vs. lower volume and higher margins......»»
Tesla to continue EV price war, eyeing long-term profit brought by autonomy
As Tesla continues to cut prices for its products worldwide, the world's largest BEV brand signaled that the price war would not end soon as the company can withstand more price cuts than others and eyes long-term profitability thanks to software and.....»»
Tesla will sacrifice profit for higher volume — CEO Elon Musk
Elon Musk has taken the view that pushing for higher volumes and a larger fleet is the right choice for Tesla, versus a lower volume and higher margin......»»
Reddit will start charging AI models learning from its extremely human archives
LLMs can no longer lurk, learn, and profit from 18 years of links and chatter. Enlarge / Reddit, a site that is chock-full of humans being every kind of human possible, will start charging larger businesses that want to train the.....»»
Foundry PSMC posts profit fall in 1Q23
Pure-play foundry Powerchip Semiconductor Manufacturing (PSMC) has reported net profits fell 90.3% sequentially and 97% on year to NT$187 million (US$6.1 million) in the first quarter of 2023 - the lowest profits since its listing on the Taiwan Stock.....»»
NPR quits Twitter over "government-funded" label
The not-for-profit news outlet says the description is misleading and undermines its credibility......»»
Corporate social responsibility: Why family businesses get more bang for their buck than non-family firms
When it comes to turning corporate social responsibility (CSR) into profit, research shows family businesses have the advantage. CSR is a form of self-regulation where businesses make concerted efforts to be socially and ethically accountable to them.....»»
Why floorplanning can be a profit center or cost for dealers
Floorplanning, which is the financing surrounding the car dealer's wholesale vehicle purchase, is expected to flip to become a cost for dealers this year, as opposed to a profit......»»
Samsung slashes chip production after 96% profit nosedive
Samsung is cutting down its chip production after forecasting a 96% first-quarter decline of operating profit, caused by a glut of RAM and flash inventory and bad sales.Samsung memory chipsSamsung Electronics is taking steps to reduce its manufacture.....»»
Apple"s Irish subsidiary rakes in $69.3 billion profit from global operations
Earnings from Apple's European subsidiary, and main European Union headquarters in Cork, Ireland, have risen $11.69 billion year over year.Apple has a substantial presence in Ireland, which it has been expanding with new hires and new product testing.....»»
Samsung to cut chip production after profits plunge 96%
The memory chip-making giant reports its worst profit since the 2009 financial crisis......»»
Samsung to cut chip production after posting lowest profit in 14 years
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market worsens......»»
JCET reports record revenue, profit for 2022
Jiangsu Changjiang Electronics Technology (JCET), the largest China-based OSAT company, has reported revenue and net profits for 2022 both hit record highs of CNY33.76 billion (US$4.91 billion) and CNY3.23 billion. EPS for the year came to CNY1.82......»»
UMC"s 28nm reportedly close to full utilization, sees stable long-term orders to the end of 2023
United Microelectronics Corp. (UMC) saw a new high in its 2022 sales performance, with a net profit of NT$87.198 billion (US$2.9 billion) after tax, an annual increase of 56.32%. However, due to the uncertainty hovering over the semiconductor industr.....»»
Tesla deliveries face one big question: Did price cuts work?
The Elon Musk-led carmaker is expected to announce quarterly delivery and production figures in early April, providing an initial glimpse into how well the company’s strategy of chasing volume over profit margins worked. .....»»
Exceptional Minds non-profit gets Apple support for neurodivergent creativity academy
Exceptional Minds, a non-profit which helps neurodivergent creatives turn their passions into their careers, is receiving support from Apple’s community grants program. Funding is provided through the Employee Giving scheme, where Apple matches ev.....»»
Everlight expects profit growth in 2023
LED packaging service provider Everlight Electronics expects its profits to outperform 2022's levels this year, with the correspondent revenue staying flat or increasing slightly......»»
China-based Tongfu Micro became world"s fourth-largest OSAT player in 2022
Tongfu Microelectronics, a major IC assembly and testing company in China, has posted sales that grew by 35.52% but saw profit drop by 47.53% amid the macroeconomic challenges and the cyclical downturn in the semiconductor industry......»»
BYD enjoys 445.86% profit growth in 2022, expects promising 2023 with overseas expansion
BYD finished 2022 strong despite facing multiple challenges. Increasing new energy vehicle (NEV) sales benefited the EV maker's revenue and profits. It reported CNY16.62 billion (US$2.4 billion) in net profit, a 445.86% surge from 2021......»»