Many memory manufacturers have entered a difficult time for themselves, and only Micron Technology now has the opportunity to speak on the subject, having just released earnings results for the first fiscal quarter. Sales fell 47%, net losses...
finance
According to his own words, not the most popular measures, such as reducing the workforce by almost three times after the purchase of Twitter by Elon Musk, made it possible to significantly reduce costs in the end, otherwise the current year would...
Since buying Twitter in late October, Elon Musk has raised concerns about the company’s potential bankruptcy, and his subsequent reforms have scared off advertisers, who still account for up to 90% of the social network’s revenue...
SEMI Semiconductor Industry Association released another forecast for the development of the system market for chip production. The document shows that a record $108.5 billion will be spent on such devices worldwide this year, and next year China...
This week, TSMC executives expressed optimism about the prospects for a semiconductor contract manufacturing business for US customers as the two Arizona facilities hit a $40 billion construction budget and tripled their construction capacity. The...
It took Taiwanese company Foxconn several days to summarize its activities in November this year. The dynamics of sales changes at Apple’s largest contractor clearly highlighted the impact of the crisis in Zhengzhou, China, home of the largest...
In August, Intel entered into an agreement with Canadian company Brookfield Asset Management to jointly finance the construction of new chip factories in Arizona. The partners will have to share the cost almost equally, totaling $30 billion. This...
Gartner analysts aren’t the only ones who don’t expect the semiconductor market to grow significantly this year and forecast a decline next year. Nonprofit organization WSTSleading economic statistics in this area since 1986, published...
Two years of the pandemic has not only stimulated demand for semiconductor products, but also prompted most manufacturers to increase capital expenditures to build new facilities and upgrade existing ones. This year, capital spending will still rise...
As Elon Musk noted shortly after acquiring Twitter, the need for a significant reduction in the number of employees at the company was caused by the high cost of the social network functioning – it was losing literally $ 4 million a day...
Against the background of the economic crisis, Google plans to introduce an employee evaluation system, which the company will use to get rid of 10,000 underperforming employees in the next year. Image source: Jonny Gios/unsplash.com The company...
Crypto exchange FTX’s bankruptcy filing states that the company’s corporate funds were used to purchase homes in the Bahamas, as well as personal belongings for employees and consultants. The announcement came just days after founder Sam...
Analysts weren’t entirely disappointed by NVIDIA’s long-awaited earnings report, as revenue came in just above expectations at $5.93 billion and only earnings per share fell short of forecasts at $0.27. On the other hand, NVIDIA expects...
Without a doubt, the sanitary restrictions at Foxconn’s largest factory in Zhengzhou could have a significant impact on Apple’s ability to produce the iPhone 14 Pro and iPhone 14 Pro Max in sufficient quantities. Even Apple itself has...
Advertiser outflow and a significant debt burden, as the company’s new owner Elon Musk clarified in his address to Twitter employees, threatens bankruptcy. His new boss intends to avoid that not only through drastic corporate reforms, but also...
The actively discussed plans of the new Twitter owner to reduce staff are aimed not only at a qualitative change in the social network, but also at reducing operating costs. According to some sources, among other things, Twitter will be forced to...
At the quarterly reporting event, company management spoke only relatively about changes in the structure of processor shipments, but the 10-Q report form released later made it possible to see concrete numerical indicators. The number of client...
AMD’s quarterly conference revealed the company’s consumer segment revenue fell 40% year over year as demand for new PCs fell. At the same time, the trends that the market is currently developing are not so clear that one could...
AMD’s earnings report came out a few hours ago, and in terms of revenue momentum, it was only slightly disappointing to analysts who were prepared for the PC market to lose its momentum of inertia. The company’s overall revenue rose 29%...
In a recent speech, Chairman of the People’s Bank of China Yi Gang sketched concept “controlled anonymity” when working with the official digital currency. The collection of personal data in the infrastructure of the digital yuan (e-RMB) is...
