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......»»
Here are the Detroit 3-UAW profit-sharing amounts and how they"re calculated
The checks, which amount to a yearly bonus tied to the companies' financial performance, are the result of collective bargaining between GM, Ford and Stellantis and the UAW......»»
Jeep, Ram drive Stellantis profit surge despite sagging vehicle sales
Adjusted operating income from North America surged 23 percent to $14.8 billion for the second year since the merger of Fiat Chrysler Automobiles and PSA Group......»»
VIS posts record profit in 2022 despite weak 4Q
Specialty IC foundry Vanguard International Semiconductor (VIS) saw its net profits fall to a seven-quarter low of NT$2.48 billion (US$81.5 million) in the fourth quarter of 2022, but profits for the year still hit a record high of NT$15.28 billion......»»
PWM IC firm uPI expects further revenue and profit declines in 1Q23
Taiwan-based uPI Semiconductor, an Asustek Computer affiliate specializing in power management ICs (PMIC), expects further drops in revenue and profits in the first quarter of 2023 due to continued weak demand and price-cutting pressure......»»
American Axle swings to modest Q4 profit despite headwinds
The company posted $13.9 million in net income compared with a loss of $46.3 million during the same quarter of 2021......»»
Backend firm Xintec brace for revenue and profit decreases in 2023
As end-market demand is squelched by the global economic downturn, sensor chip backend specialist Xintec may see revenue and profit decreases in 2023, according to company chairman CH Chen......»»
Macronix posts profit fall in 4Q22
Macronix International, a mask ROM and flash memory chipmaker, reported net profits declined 76% sequentially and 84% on year to NT$605 million (US$20 million) in the fourth quarter of 2023......»»
Kioxia sees losses as NAND Flash demand continues to drop
Japan-based NAND Flash and SSD makers Kioxia indicates that economic uncertainty and persistent inventory clearance in end customers have significantly dented NAND Flash demand. Consequently, Kioxia will see a loss in operating profit in foruth-quart.....»»
Scammers profit from Turkey-Syria earthquake
BBC News investigates the tactics used by scammers to make money when natural disasters strike.....»»
Group saves Tesla lab, but more work to come
The last remaining laboratory of futurist inventor Nikola Tesla is now in the hands of a non-profit group who want to preserve the site and make it a museum......»»
Taiwan IC design houses see profits bound to bottom out in 1Q23
Taiwan IC design houses will see their profit performance hit the bottom in the first quarter of the year, and they are poised to step up preparations for new high-end offerings to improve product portfolios and boost gross margins in the following q.....»»
BorgWarner profit soars as auto supplier eyes EV break-even point
Automotive supplier BorgWarner exceeded sales and profit expectations last year as it entered an "inflection point" in its bet on electrification, spinning off its fuel systems and aftermarket business and hitting break-even on the EV side as soon as.....»»
Why energy companies are making so much profit despite UK windfall taxes
Russia's invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK......»»
Volvo braces for challenges in 2023 after quarterly profit falls
Despite global turbulence, the automaker forecast double-digit percentage growth in 2023 vehicle sales after recording a 12 percent decline in global volume last year......»»
"Captain Sato" plans new player formation for Team Toyota as CEO; quarterly profits rise
Toyota's next CEO, Koji Sato, is changing the automaker’s leadership lineup to better compete in a challenging new era. Meanwhile, the automaker said operating profit improved 22 percent in the recent fiscal quarter......»»
Chinese panel makers see significant profit declines in 2022
Most China-based panel makers experienced significant profit declines in 2022, with some slipping into the red, highlighting the severe impacts of the low panel prices stretched over the past year and unfavorable macroeconomic factors......»»
Adient posts fiscal Q1 improvements despite ‘choppy" operating environment
The automotive seating supplier swung to a $12 million net profit from a $54 million loss during the same quarter last year......»»
Skyworks posted a double-digit fall in sales and profit
As the smartphone market in China is facing challenges due to a weak economy and the pandemic, wireless solutions provider Skyworks posted an annual drop in both sales and profit and may see another drop in the January-March quarter......»»
Apple collects nearly all of the profit in the worldwide smartphone market
In 2022, Apple's operating profit share of the worldwide smartphone market reached a recent high of 85%, and the company shipped 70 million iPhones in the fourth quarter.iPhone 14Driven by sales of the iPhone 14 launched in September, Apple has achie.....»»
Toyota supplier Denso cuts profit forecast on production risks
Denso said the new forecast took into account the pandemic's impact in China and the risk of vehicle production cuts due to the ongoing global semiconductor shortage, despite efforts being taken to reduce costs......»»