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......»»
Sanctioned Huawei keeps on losing money, just not as quickly
As per the SCMP, Huawei reported revenue of 301.6 billion yuan, or around $44.7 billion, for the first half of 2022, marking a 5.9% year-on-year drop. That's an improvement over the first quarter results, which saw revenue down 13.9% YoY. Its profit.....»»
Sharp sees decreased 2Q22 revenues, operating profit
Sharp has released the financial report for the first quarter of its fiscal year 2022 (second quarter of 2022), with sales revenues of JPY562.174 billion (US$4.22 billion) decreasing 6.54% on quarter and 8.08% on year and operating profit of JPY6.115.....»»
Falling demand and US sanctions leave marks on SMIC"s earnings report
Semiconductor Manufacturing International Corp. (SMIC) has posted its earnings report for 2Q22, showing a 41.6% YoY revenue growth reaching US$1.9 billion. Gross profit was US$750 million, an 85.3% YoY growth from $405 million in Q2 2021. Gross margi.....»»
Taiwan IC test interface vendors quitting iPhone AP supply chain
Taiwan's IC test interface solutions providers including Chunghwa Precision Test Tech (CHPT) and WinWay Technology reportedly may almost fully retreat from the supply chain for iPhone Aps in 2023 probably due to increasingly thin profit margins for r.....»»
Balancing act: Creating companies that generate profit and social impact
Companies should prioritize data collection, analysis and education to measure the effectiveness of social impact solutions. Companies should prioritize data collection, analysis and education to measure the effectiveness of social impact solutio.....»»
New AI meets profit, risk goals for complex financial portfolios
Researchers have developed and demonstrated an artificial intelligence (AI) program that allows them to meet specific investment risk and return goals for large-scale portfolios containing hundreds of assets......»»
Transcend posts profit surge in 2Q22
Memory module house Transcend Information has reported net profits surged 46.9% sequentially to NT$1.15 billion (US$38.4 million) in the second quarter, when gross margin climbed 4.1pp on quarter to 29.1%......»»
GM CFO: EV profit, scale to expand as Ultium plants open
Ultium Cells, a battery cell joint venture between GM and LG Energy Solution, plans to open its first plant this month......»»
CarGurus posts smaller Q2 profit on higher revenue
The vehicle marketplace company said revenue more than doubled in the second quarter, led by growth in transaction volume linked to its Instant Max Cash Offer feature......»»
Wistron ITS optimistic about new energy, IoV
IT service provider Wistron ITS has reported record revenue, operating profit and net profit for the first half of 2022 and it remains optimistic about the overall market demand and growth momentum despite recent speculation about layoffs in China's.....»»
Ennostar to boost investment in Epistar for 150mm micro LED wafer capacity expansion
Ennostar will invest an additional NT$3.627 billion (US$122 million) in Epistar, its wholly owned subsidiary, in a few stages, with Epistar to use all of the additional paid-in capital to set up production capacity for 150mm micro LED epitaxial wafer.....»»
American Axle profit slips, sales increase in second quarter
American Axle & Manufacturing Holdings Inc. took another supply chain-related hit to its bottom line in the second quarter but offered a better-than-expected financial outlook through the end of the year......»»
Carvana books second big loss despite returns from ADESA acquisition
Carvana said it posted a net loss of $439 million in the quarter ending June 30 — a far cry from its landmark $45 million profit one year ago......»»
Carvana records Q2 net loss, notes returns from ADESA U.S. acquisition
Carvana said it posted a net loss of $439 million in the quarter ending June 30 — a far cry from its landmark $45 million profit one year ago......»»
Toyota profit plunges amid supply chain chaos, rising costs
Despite a 42 percent drop in quarterly profit, the automaker lifted its full-year guidance for net income and revenue......»»
KAR records net profit, saw reduced conversion rates in Q2
KARsaid that while it brought in more profit per each vehicle it sold in the second quarter, its performance was affected by reductions in conversion rates across its digital and hybrid marketplaces......»»
Cars.com posts smaller Q2 profit, growth in revenue, dealership customers
Dealership technology company Cars.com reported a smaller second-quarter profit and higher revenue and dealership customer numbers amid the ongoing inventory shortage......»»
KAR records $5.4M net loss, saw reduced conversion rates in Q2
KARsaid that while it brought in more profit per each vehicle it sold in the second quarter, its performance was affected by reductions in conversion rates across its digital and hybrid marketplaces......»»
Niching to post record 2022 profit
Niching Industrial, which distributes IC packaging materials, is expected to see its profits hit a record high in 2022 despite falling demand for display driver ICs, according to market sources......»»
HannStar Display posts small profit for 2Q22
LCD panel supplier HannStar Display reported net profits of NT$19 million (US$0.6 million) for the second quarter of 2022 but remained unprofitable for the year's first half......»»