Wednesday , June 19 2024
Home / Tag Archives: tsmc

Tag Archives: tsmc

Chip Making Giant TSMC Records Biggest Profit Drop in Five Years

TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again. On Thursday, October 19, the Taiwan Semiconductor Manufacturing Company (TSMC) reported its Q3 2023 numbers with profit standing at 211 billion New Taiwan dollars ($6.69 billion). This was greater than the expected profit of NT$191.43. This has been the largest profit decline since the first quarter of 2019....

Read More »

ASML Reports Strong Q3 2023 Profit but Forecasts Flat Revenue for 2024

ASML is taking a conservative view of 2024, with revenue projections similar to 2023. ASML Holding NV (NASDAQ: ASML), one of the world’s leading semiconductor firms has reported a significant year-on-year rise in profit for the third quarter of 2023, exceeding analyst expectations. However, the company forecasts that its revenue in 2024 will remain flat. This comes as the semiconductor industry experiences a period of uncertainty, with ASML CEO Peter Wennink acknowledging the ongoing...

Read More »

Apple’s Woes in China Persist as Huawei Makes Huge Chip Breakthrough

Aside from the popular Apple and Samsung brands, Huawei is probably one of the few other companies that has designed its smartphone processor. Another threat may just have added to the number of issues that Apple Inc (NASDAQ: APPL) currently faces in China. Despite the pertinent geopolitical and economic threats to its existence in the region, the giant tech firm now faces an additional challenge from a resurgent Huawei. That is because China’s biggest semiconductor manufacturer SMIC has...

Read More »

TSMC to Capitalize on AI Boom with $2.9B Investment in Advanced Chip Packaging Plant

CoinspeakerTSMC to Capitalize on AI Boom with $2.9B Investment in Advanced Chip Packaging Plant According to Taiwan’s official Central News Agency, “the rapid growth of the artificial intelligence (AI) market has driven a surge in demand for TSMC’s advanced packaging.” TSMC to Capitalize on AI Boom with $2.9B Investment in Advanced Chip Packaging Plant

Read More »

Berkshire Hathaway Sells 2.53 Million of China’s BYD Shares

Berkshire Hathaway purchased 225 million of the EV maker’s shares for $230 million in 2008. American multinational conglomerate Berkshire Hathaway (NYSE: BRK.B) sold 2.52 million shares of Chinese EV maker BYD listed in Hong Kong on the 19th of June. A stock exchange filing revealed that the investment company sold the shares for HKUS$ 675.80 million, equaling $86.3 million. Berkshire Cuts China’s BYD Shares Holdings Following the sale of the BYD share, Berkshire Hathaway’s holdings in the...

Read More »

Britain Joins Semiconductor Chips Race, Introduces $1.2B Plan

The British government has undertaken a focused approach in revamping its semiconductor industry and will capitalize on its strengths such as designing and producing non-silicon chips, and intellectual property rights.  On Friday, May 19, Great Britain announced support of £1 billion ($1.2 billion) for its semiconductor industry. With this move, the United Kingdom joins the race with the US and EU to boost its domestic chipmaking capabilities and reduce its dependence on foreign players....

Read More »

SMIC Sustains 20.6% YoY Revenue Fall in Q1 2023 to Record First Income Deficit in Three Years

Chinese chip powerhouse SMIC saw Q1 revenue fall to $1.46 billion as it continues to withstand chip shortages and US trade sanctions.  Semiconductor Manufacturing International Corporation (SMIC) has seen its revenue fall according to its latest quarterly figures. On Friday, the Chinese chipmaking giant posted revenue of $1.46 billion for Q1 2023 amid challenging macroeconomic parameters. In addition to being down 20.6% year-on-year (YoY), SMIC’s latest revenue haul represents the first...

Read More »