UMC gross margin surges in 3Q21
Fully-utilized fabs boosted pure-play foundry United Microelectronics' (UMC) gross margin to a 20-year high of 36.8% in the third quarter of 2021......»»
SkyWater confident about 2023 as industry sustains R&D during downturn
SkyWater Technology has announced on May 8 its financial results for Q1 2023. The US-based company, listed as a "trusted foundry" by the US Department of Defense, saw its revenue increased 37% year-over-year to a record US$66.1 million. Gross margin.....»»
Compal posts profit and margin increases in 1Q23
ODM Compal Electronics saw its net profits climb about 30% sequentially in the first quarter of 2023, with gross margin and operating margin also besting performances from the previous quarter......»»
Study reveals intense CO2 degassing process in magmas
The Okinawa Trough is a newly formed back-arc basin located in the outer margin of the continental shelf of the East China Sea. The submarine hydrothermal activities are widely developed in the Okinawa Trough. A typical feature of the basin is that t.....»»
Lyft concerns Wall Street with margin sacrifice in race with Uber
Lyft gave a disappointing adjusted core earnings forecast for the second quarter on Thursday as efforts to add more riders with price cuts take a toll on profitability......»»
Acer announces 1Q23 net income at NT$515.17 million, EPS NT$0.17; appoints new president
Acer has announced its financial results for the first quarter of 2023. Consolidated revenues reached NT$52.46 billion (US$1.7 billion), gross profits reached NT$5.36 billion and maintained a margin of 10.2%, while inventory was further reduced to NT.....»»
Ferrari"s Q1 earnings rose 27% on higher sales, strong pricing
Ferrari's profit margin grew to 37.6 percent as it raised prices for its wealthy customers who are less affected by soaring inflation and higher interest rates......»»
HUB Security raises up to $16 million to fuel technology development
HUB Security entered into an agreement for up to $16 million in gross proceeds from Lind Global Asset Management VI LLC, an investment entity managed by The Lind Partners, a New York based institutional fund manager (together, “Lind”). Th.....»»
VIS expects 17% revenue growth in 2Q23
Specialty IC foundry Vanguard International Semiconductor (VIS) expects to post a revenue increase of approximately 17% sequentially in the second quarter of 2023, with gross margin and operating margin remaining roughly unchanged on quarter......»»
Eternal Materials sees shipment recovery for its three major businesses, potential growth to 3Q23
Eternal Materials, the leader in PCB upstream material dry film photoresist, pointed out that its three major business groups have seen their shipments recover. This is likely due to increased capacity utilization, increased gross profit margins, and.....»»
Honda surges; Toyota edges up; Hyundai, Kia post double-digit gains
Analysts estimate the overall U.S. new light-vehicle market expanded up to 5.7 percent in April, with fleet driving most of the gain, as inventories continue to recover......»»
MediaTek met all financial predictions for 1Q23; inventory clearance remains biggest challenge
Taiwanese IC design house leader MediaTek announced its complete financial results for 1Q23. Revenue reached NT$95.652 billion (US$3.11 billion), an 11.6% quarterly decrease and a 33% annual decrease. Gross margin was 48%, down 0.3 percentage points.....»»
AIC sees record performances in 1Q23 revenues and profits
Power management IC (PMIC) supplier Analog Integrations (AIC) reported consolidated revenues of NT$407 million (US$13.12 million) for the first quarter of 2023, up 30% sequentially and 18% on year with gross margin reaching 38.64%......»»
Sonic Automotive Q1 net income drops 51%
Sales at Sonic Automotive's EchoPark brand rose 34 percent in the first quarter, but the auto retailer saw lower gross profits per new and used retail vehicles, as well as lower sales volume from its franchised dealerships......»»
STMicroelectronics releases 1Q23 financial results
STMicroelectronics (ST) has released its first-quarter 2023 financial results. According to the company, net revenue was US$4.15 billion, a 19.8% YoY increase, and gross margin was 49.7%. Net income also saw a 39.8% YoY increase to US$1.04 billion......»»
Yageo expects flat or slight revenue growth in 2Q23
Passive component vendor Yageo expects its revenue to stay flat or post slight sequential gains in the second quarter of 2023, as the gross margin and operating margin will increase from the previous quarter, according to CEO David Wang......»»
Tesla likely to see its gross margin fall below 20%, say sources
There is a likelihood for Tesla to see its gross margin fall below 20% sooner or later, according to sources in Taiwan's electric vehicle (EV) supply chain......»»
TSMC sees another revenue drop in 2Q23
TSMC expects its second-quarter revenue in US dollar terms to register a sequential decline of 6.7% at the midpoint, with gross margin and operating margin estimated at 52–54% and 39.5–41.5%, respectively. Revenue is estimated at between.....»»
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......»»
Tesla profits, gross margin fall in Q1
Tesla CEO Elon Musk's plan to ride out a possible recession with price cuts and lower production costs was not enough to make up for strained consumer spending on big-ticket items......»»
Lithia"s Q1 net income drops 33 percent on lower gross profits per vehicle
Lithia Motors, which surpassed AutoNation Inc. in new vehicles sold in 2022 to take the No. 1 spot, said new- and used-vehicle sales were up in the first quarter, but average gross profits per retail unit for new and used vehicles fell......»»