UMC sees gross margin top 40% in 1Q22
Pure-play foundry United Microelectronics (UMC) saw its gross margin climb to 43.4% in the first quarter of 2022, which beat its guidance given earlier this year, buoyed by fully-utilized fab capacity and rising wafer ASPs......»»
Landmark AI deal sees Hollywood giant Lionsgate provide library for AI training
Runway deal will create a Lionsgate AI video generator, but not everyone is happy. Enlarge (credit: Benj Edwards / Malte Mueller via Getty Images) On Wednesday, AI video synthesis firm Runway and entertainment company Li.....»»
BMW explains why it will sell hydrogen fuel cells in 2028
BMW sees hydrogen as complementary to battery EVs on a region-by-region basis. Enlarge / BMW has had some hydrogen fuel cell-powered iX5s in testing for a while, and for Art Basel 2024 this one got a new look courtesy of Es Devli.....»»
Volvo lowers 2026 profit margin target
Volvo, like other automakers, is seeing slowing demand for EVs due in part to high sticker prices and is also bracing for the effects of extra EU tariffs on EVs made in China......»»
South Korea sees highest average summer temperature on record
South Korea experienced its highest average summertime temperature since such records began half a century ago, nearly two degrees higher than the historic average, the weather agency said Thursday......»»
Chevrolet sees opportunity in industry"s biggest segment with redesigned Equinox
The compact crossover's fourth generation packs more technology into a truck-like profile, with an entry model that starts below $30,000 with shipping......»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
AT&T 911 outage sees company fined $950k; yesterday’s outage now fixed
An AT&T 911 outage back in 2023 has seen the company fined almost a million dollars. The Federal Communications Commission (FCC) says that the carrier not only failed to provide adequate backup coverage, but also didn’t let 911 centers know what h.....»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Karma Ivara crossover to launch as plug-in hybrid, not EV
Karma Automotive sees promise with plug-in hybrid powertrains, or what it refers to as energy range-extended vehicles, but still plans to offer an EV......»»
Alibaba sees revenue hit by caution in cloud space
News follows previous results from this quarter suggesting that cloud dominance is still very much a three-horse race......»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
Germany sees explosion in cases of bluetongue virus
Germany has seen an explosion of cases of bluetongue virus this year, authorities said Tuesday as fears increase across Europe about the disease affecting sheep and cattle......»»
One startup’s plan to fix AI’s “shoplifting” problem
Algorithm will identify sources used by generative AI, compensate them for use. Enlarge (credit: Bloomberg via Getty) Bill Gross made his name in the tech world in the 1990s, when he came up with a novel way for search e.....»»
Rocket Report: Archimedes engine sees first light, New Glenn making moves
"Coming soon: a full recovery rehearsal with our landing vessel." Enlarge / Rocket Lab says it fired up the Archimedes engine at full thrust this week. (credit: Rocket Lab) Welcome to Edition 7.06 of the Rocket Report! T.....»»
Super Micro gives margin, profit forecasts below estimates; shares tumble
Super Micro gives margin, profit forecasts below estimates; shares tumble.....»»
Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles
Despite challenges in Europe, the global seating supplier sees promising growth opportunities with Chinese automakers......»»
Japan sees hottest July since records began
Japan sweltered through its hottest July since records began 126 years ago, the weather agency said, as extreme heat waves fueled by climate change engulfed many parts of the globe......»»
AMD raises forecast for AI chip revenue and sees supplies remaining tight
AMD raises forecast for AI chip revenue and sees supplies remaining tight.....»»
10 most popular MCU movies, ranked (by worldwide box office gross)
What are the most popular MCU movies of all-time? We're counting down the top 10 Marvel movies by worldwide box office gross!.....»»
Bangladesh social media censorship sees VPN use skyrocket
After peaks of over 7000% in VPN signups last week, VPN usage remains high in the region. Here's how a VPN can help against social media blocks......»»