➀ Intel's CEO reportedly made a misstep that offended TSMC; ➁ The incident led to TSMC canceling a 40% discount; ➃ The discount cancellation is ahead of Intel's Q3 financial announcement.
Recent #Finance news in the semiconductor industry
➀ Wenye's revenue and net profit reached historical highs in 2024, benefiting from the merger of Fuzheng Electronics.
➁ The consolidated revenue for the full year was NT$95.94 billion, an increase of 61% year-on-year.
➂ The consolidated operating profit was approximately NT$15.26 billion, up 86% year-on-year.
➃ The consolidated net profit after tax was NT$9.11 billion, an increase of 127% year-on-year.
➀ The UK's £1.137 billion Future Fund has suffered a loss of £263 million, reducing its value to £799m;
➁ The Future Fund has provided loans to 1,192 companies, but many have failed to repay, blaming strict loan terms;
➂ Investments include companies like Killing Kittens and Bolton Wanderers Football Club, with 202 firms becoming insolvent and 107 going bankrupt.
AST SpaceMobile, aiming to build a space-based cellular broadband network accessible by everyday smartphones, has announced $460m of debt funding. The net proceeds from the offering are estimated at approximately $388 million, which will help accelerate its manufacturing plans for the BlueBird satellite network. Abel Avellan, Founder, Chairman, and CEO of AST SpaceMobile, stated that this financing will enable the company to fast-track the production and launch of its revolutionary network. The goal is to provide 4G or 5G broadband connectivity from space, with strategic investments from AT&T, Google, and Vodafone.
1. ASM International's Supervisory Board intends to reappoint Mr. Paul Verhagen as CFO for a second term of two years, until May 2027. 2. Pauline F.M. van der Meer Mohr is nominated for reappointment as Chair of the Supervisory Board effective from the 2025 AGM. 3. Adalio T. Sanchez and Stefanie Kahle-Galonske are nominated for reappointment as Supervisory Board members.
➀ Horizon Robotics raised approximately 5.4 billion Hong Kong dollars in its IPO, becoming the largest Hong Kong IPO of the year.
➁ The company has raised a total of 2.363 billion US dollars through 32 financing rounds, with about 100 institutions participating.
➂ The article discusses the investment strategy of various investors, including 5Yuan Capital, Hillhouse Capital, DST, Baillie Gifford, SAIC, CATL, BYD, Volkswagen, Intel, and SK Hynix.
➀ Perplexity AI is confident it can revolutionize financial market research with its latest AI-enhanced toolset; ➁ The company's new tool, Internal Knowledge Search, allows users to search through their provided data and enhance it with internet data; ➂ Perplexity is also introducing Spaces for team collaboration, allowing secure file sharing and AI customization.
➀ Huawei announces the upcoming launch of the Mate XT Master, a new foldable phone. ➁ Huawei reports strong financial results for the first half of 2024, with a 34.3% increase in sales revenue. ➂ Huawei continues to innovate in satellite communication and foldable display technologies.
➀ Xiangdixian Computing Technology, a Chinese semiconductor start-up, has collapsed due to a cash crunch and legal issues, dismissing all employees. ➁ The company held an all-staff meeting to announce its dissolution and termination of nearly 400 employees' contracts. ➂ Xiangdixian failed to meet terms in a previous funding round, leading to a lawsuit and the freezing of its bank account. ➃ The firm denies reports of dissolution and is seeking new investors and external financing opportunities.
➀ Xiangdixian, a Chongqing-based GPU unicorn, has issued a clarification denying rumors of 'total dissolution'. The company states it is not dissolving or liquidating but is optimizing its organizational structure and personnel to adapt to market and strategic changes. ➁ The company is actively seeking external financing opportunities and remains confident in the future of domestic GPU development. ➂ Xiangdixian's founder, Tang Zhimin, is a renowned expert in high-performance processors and has led significant projects in the field.
➀ DiXian, a domestic GPGPU manufacturer, announced a 'hibernation status' and terminated contracts for all 400 employees, due to financial issues and market challenges. ➁ The company, led by strategic scientist Tang Zhimin, had previously achieved success in CPU projects but faced difficulties in GPU commercialization. ➂ The collapse of DiXian reflects broader issues in the domestic chip industry, including weak core technology, market competition, and financing difficulties.
➀ Intel is reportedly discussing potential restructuring options, including the possible split or sale of its chip manufacturing business. ➁ The discussions involve long-standing advisors Morgan Stanley and Goldman Sachs. ➂ These strategic considerations are expected to be announced at the September board meeting. ➃ Intel's recent financial performance has been poor, with significant losses in its foundry business.
➀ CR Micro's Q2 net profit increased by 644% compared to Q1. ➁ The company has strengthened its dual-wheel drive of technological innovation and value creation. ➂ CR Micro has expanded its market in automotive electronics and focused on high-end applications to consolidate its leading position. ➃ The company's R&D investment has increased, with significant growth in sales of MOSFET and power IC products. ➄ CR Micro's key projects are under vigorous construction, supporting its long-term development.
➀ XuChuang's revenue for the first half of 2024 reached 10.799 billion, surpassing the full-year revenue of 2023. ➁ The net profit attributable to shareholders was 2.358 billion, quadrupling compared to the same period in previous years. ➂ The company has seen continuous quarterly growth for five consecutive quarters, starting from Q2 2023, driven by the explosive growth in the AI market. ➃ XuChuang sold 6.2 million optical modules in the first half of the year, with 4.6 million shipped overseas, accounting for 94.5 billion in revenue. ➄ The company predicts that the Chinese optical module market will grow from 2.65 billion in 2023 to 6.5 billion in 2029, with Ethernet modules expected to account for 48% of the market.
1. Apple's CFO, Luca Maestri, is stepping down and will be replaced by Kevan Parekh. 2. Maestri will transition to lead the Corporate Services team. 3. The change is part of a planned succession, indicating a smooth transition within Apple's executive ranks.
1. Enbridge stock has performed well with a nearly 34% total return in 10 months, slightly underperforming the S&P 500. 2. Financial metrics show an increase in net debt and tangible invested capital due to the Dominion deal. 3. Share dilution and financing costs from the Dominion deal are currently weighing on ENB's earnings, but the company is expected to report very good results in Q1 and Q2 of 2025.
1. NHNedu and KB Financial Public Welfare Foundation sign a business agreement for economic and financial education based on the metaverse; 2. Discussions begin on incorporating 'KB Star Economic Classroom' into Wonderverse; 3. The goal is to implement the educational know-how of KB Financial Public Welfare Foundation on the cutting-edge IT technology platform of Wonderverse.
➀ O-Film Tech's revenue reached 9.536 billion yuan, up 51.02% year-on-year, with a net profit of 39.14 million yuan, turning from loss to profit. ➁ The growth was driven by increased order volumes and higher revenue from high-value-added products. ➂ The company has made significant technological breakthroughs in smartphone optics, including advanced camera modules and lenses.
➀ A total of 69 domestic robot industry financing events were disclosed in the first half of 2024, with a disclosed financing amount of approximately 75 billion yuan. ➁ The financing events for bionic robots, such as humanoid and quadruped robots, have increased significantly, with 18 such events. ➂ Notable investors include Alibaba, Meituan, Xiaomi, Lenovo, Baidu, iFlytek, and Tencent. ➃ The geographical distribution of funded robot companies is concentrated in Beijing, Shanghai, and Shenzhen, with a significant number of startups founded in 2016, 2021, and 2023. ➄ Humanoid robots have become a hot investment area, with several companies receiving over 100 million yuan in financing.
➀ Taiwanese company WPG Holdings reports Q2 revenue of NT$207.97 billion, a historical high for the same period. ➁ Q3 is forecasted to be the peak performance quarter with expected revenue between NT$214.5-224.5 billion. ➂ The company plans to shift its investment strategy, moving away from 100% acquisitions to focusing on semiconductor supply chain services.
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