What you need to know Intel foundry saw a loss of $7 billion in 2023. Intel revenue was also down 31% year-over-year. Share prices for the chip manufacturer dropped by over 4% following this news. These 2023 reports do not see Intel foundry as a separate unit, so they don’t fully represent Intel foundry’s performance. […]
Read MoreWhat you need to know Intel foundry saw a loss of $7 billion in 2023. Intel revenue was also down 31% year-over-year. Share prices for the chip manufacturer dropped by over 4% following this news. These 2023 reports do not see Intel foundry as a separate unit, so they don’t fully represent Intel foundry’s performance. […]
Read MoreSamsung has been going through tough times due to the downturn of the semiconductor chip segment, leading to huge losses for the company. However, it looks like the company is recovering from that downturn and narrowing losses in its semiconductor chip business. Samsung has reported earnings guidance for Q3 2023, revealing better-than-expected results. Its profits […]
Read MoreSamsung Device Solutions (DS), the division in charge of the lucrative chip production business, posted a loss in the first quarter of this year, its first quarter in the red since 2009. Unfortunately, the rest of this year isn’t looking good either, so Samsung is slashing production targets. The operating loss in Q1 was KRW […]
Read MoreAccording to the latest report, Samsung is all set to continue with its production cuts to narrow down chip losses in Q3 2023. The world’s largest chip maker started slashing its chip production earlier this year in the same move as its peers, SK Hynix Inc. and Micron Technology, to overcome the supply shortage. Analyst […]
Read MoreThe South Korean tech giant, Samsung Electronics, is holding company-wide global strategy meetings on Tuesday. The meeting aims to discuss pending issues, future business plans, and strategies to tackle the uncertain macroeconomic environment. Such biannual meetings are held in June and December every year. In these meetings, Samsung’s senior executives across the globe come together […]
Read MoreAlthough Samsung has had an excellent start to 2023 with the launch and the tremendous response to the Galaxy S23 series, the company is on a rocky boat on the business end in the chip segment. The latest report highlights that Samsung Electronics’ semiconductor business is losing billions of dollars. It lost about KRW 3 […]
Read MoreApple’s stock opened at $146.85 today and continues to trend downwards, with shares currently trading below the $143 mark in today’s session. Apple’s stock price has declined approximately 20% since closing at $178.44 on April 4. The stock market has experienced broader losses since the start of April, with the S&P 500 down around 13% […]
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