Recent #Finance news in the semiconductor industry

10 months ago
➀ Fabrinet's Q4 2024 revenue reached $753 million, up from $656 million in the previous year. ➁ The company's GAAP net income for the quarter was $81.1 million, compared to $60.8 million last year. ➂ 800G and above rate products generated $259 million in revenue, a 54% increase year-over-year. ➃ The company expanded its share buyback program to $434.3 million. ➄ For Q1 2025, Fabrinet forecasts revenue between $760 million and $780 million.
Financestock markettechnology
10 months ago
➀ Sunny Optical reported H1 revenue of 18.86 billion yuan, up 32.1% year-on-year; net profit increased by 147.1% to 1.079 billion yuan. ➁ The company's overall gross margin improved to 17.2%, up 2.3 percentage points from the same period last year. ➂ Mobile phone-related products contributed over 13 billion yuan in revenue, accounting for 69% of total income. ➃ The company has achieved mass production of multiple high-end camera modules and lenses. ➄ Sunny Optical is expected to become a new camera module supplier for Apple in 2025, potentially doubling revenue and profit.
FinanceManufacturingtechnology
10 months ago
➀ Shaanxi Optoelectronic Pilot Institute Technology Co., Ltd. announced the completion of hundreds of millions in Series B funding, jointly invested by Xi'an Finance Urban Renewal Fund, Xike Holdings, and Photon Strong Chain Fund, aiming to upgrade the Advanced Photonic Device Engineering Innovation Platform. ➁ The institute has also signed a long-term loan agreement with the National Development Bank of China Shaanxi Branch for 5 billion yuan to accelerate platform upgrades. ➂ The funding will support the addition of high-reliability automotive-grade laser chip equipment and the development of silicon photonics technology, enhancing R&D and pilot production capabilities.
Financeinvestmenttechnology
10 months ago
➀ Intel has sold its 1.18 million Arm shares for approximately $145 million to reduce costs and strengthen its financial position. ➁ The sale comes as Intel faces liabilities of $32 billion and cash reserves of $11.3 billion as of June. ➂ The company has also announced plans to lay off at least 15% of its workforce, around 15,000 employees, to save $10 billion.
ArmFinanceIntel
10 months ago
1. Doosan Enerbility's Q2 operating profit decreased by 37.3% year-on-year due to the underperformance of its subsidiary Bobcat; 2. The company's energy division saw an increase in sales and operating profit due to the expansion of nuclear and gas turbine business; 3. Doosan Enerbility aims to secure contracts in the European nuclear market, following the selection of Korea Hydro & Nuclear Power as a preferred negotiator for new nuclear projects in the Czech Republic.
Financebusinessenergy