Foxconn sees November revenue fall 29%
Foxconn Electronics (Hon Hai Precision Industry) has disclosed that November revenue fell 29.04% sequentially to NT$551.09 billion (US$18.186 billion), which came within expectations......»»
GM Q4 net income rises 15% to $2 billion; revenue surged 28% to $43.1 billion
GM's adjusted profit in North America soared 69 percent in the quarter to $3.7 billion......»»
Samsung"s operating profit drops 70%, sales for foundry service breaks record
Due to a weak economy that leads to low demand for electronics, Samsung Electronics posted a sharp fall in its operating profit and expects the business environment to improve in the second half of 2023......»»
Taiwan sees 15-year high inbound investment in 2022
The Taiwanese government approved 2,566 investment projects proposed by foreign (excluding China-based) and overseas Chinese enterprises in 2022, with the total investment of US$13.303 billion hiking 77.94% on year, reaching a 15-year height, accordi.....»»
Twitter now wants to become a payments platform to compete with Apple Pay and PayPal
Since Elon Musk became the owner of Twitter, the company has been looking for new ways to increase its revenue. But now it seems that Musk is about to take a step that will take the company’s services far beyond just a social network, as he’s in.....»»
Things for iPhone, iPad, Mac gets Apple Shortcuts boost with 9 new actions
Award-winning productivity app Things is out with a valuable update today for iPhone, iPad, Mac, and Apple Watch. The latest release sees an Apple Shortcuts upgrade that brings a lot more power and efficiency to the app. more… The post Things for.....»»
iPhone 14’s Emergency SOS via satellite feature touted as a ‘game changer’ by search and rescue teams
Apple debuted its new Emergency SOS via satellite feature for iPhone 14 users back in November, and we’ve already seen multiple stories about the feature being used in the real world. A new story out of Canada today offers another example of Emerg.....»»
Intel just took the worst beating in earnings in over a decade
Intel's fourth quarter in 2022 encompassing the holiday season was the worst in the company's history, as it reported a 32% drop in revenue since the holiday quarter of 2021.Intel posts loss for 2022The company shared its results for the fourth quart.....»»
Does failing to detect aliens mean we"ll never be contacted?
In a recent paper submitted to The Astronomical Journal in November 2022, a scientist at the Swiss Federal Institute of Technology Lausanne quantifies how the Earth has not heard a radio signal from an extraterrestrial technological civilization sinc.....»»
Foxconn taps former Nissan, Nidec exec Seki for EV business
Former Nissan and Nidec executive Jun Seki will become chief strategy officer at Foxconn's EV unit......»»
This tiny sensor is about to change your phone camera forever
A tiny sensor may soon change the way your phone camera sees color — resulting in more accurate reproduction and skin tones. And it looks mighty impressive......»»
HBO’s The Last of Us tries a little tenderness in a surprising episode 3
Kyle and Andrew fall in love with Nick Offerman's Bill and his dystopian love story. Enlarge / Paranoid survivalist is the part Nick Offerman was born to play. New episodes of The Last of Us are premiering on HBO every.....»»
Realtek sees 2023 as another growth year
Despite caution about its sales performance in the first quarter of this year, Realtek Semiconductor believes 2023 will be another year of growth......»»
Tesla sees 2024 as "a major year of 4680 cell production"
Tesla announced on Jan 24 that it is investing US$3.6 billion to expand production facilities and capacity in Nevada, USA. The new factories will be tasked to produce in-house 4680 battery cells and Tesla semi-trucks......»»
Appier on ChatGPT: Large model means adjustments are still difficult
Appier believes that ChatGPT, the AI chatbot that has been widely discussed since its launch at the end of November 2022, still has a long way to go for commercial applications. Making a massive AI model like this more portable and targeted will be a.....»»
Financial projections for electronic components go in two opposite directions
The smartphone market is shrinking while the demand for automotive and industrial application has increased. These two major trends will determine the FY2022 (2022/04-2023/03) revenue performance of Japanese electronic component manufacturers......»»
CDK"s "fit and focus" revamp strategy included some job cuts
The company's executives and new owner pursued targeted job cuts in late fall 2022 as part of its effort to address any downturn but also boost efficiency and innovation......»»
Gentex says Q4 net income rose 2.3% while revenue improved 18%
Automotive mirror supplier Gentex said its fourth-quarter net income rose 2.3 percent to $86.2 million as customers improved production from previous quarters......»»
GM, Ford must convince investors they can profit as prices fall
GM and Ford are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and crossovers......»»
Lithia CEO Bryan DeBoer says 100-150 more dealerships needed to hit revenue goal
Lithia, one the most active players in the buy-sell market, will need to acquire 100 to 150 more dealerships in the United States, and possibly elsewhere, between now and the end of 2025 to reach its goal, says CEO Bryan DeBoer......»»
Q4 2022 was a disaster for smartphone sales, sees the largest-ever drop
Phone sales plummeted 18 percent last quarter, 11 percent for the entire year. Enlarge / An empty Samsung Store. (credit: Samsung) With a million layoffs and rising inflation, it turns out consumers also aren't interes.....»»