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.
Recent #Finance news in the semiconductor industry
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.
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.
1. Enbridge Inc. has been tagged with a 'Strong Buy' rating since February, showing significant upside potential. 2. The stock has outperformed the S&P 500 and continues to deliver strong results. 3. The company's preferred securities are also examined from an income and speculative perspective.
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.
1. Timon and Wemap, which filed for corporate rehabilitation proceedings, owe over 10 billion won to domestic PC-related companies. 2. The situation has led to concerns about a domino effect of bankruptcies in the industry. 3. The government has pledged to support affected small and medium-sized enterprises, but there are doubts about the effectiveness of these measures.
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.
1. Allegro MicroSystems announced the pricing of a primary offering of 25 million shares at $24.00 per share, raising gross proceeds of $600 million. 2. The proceeds will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. 3. The offering is expected to close on July 26, 2024, subject to customary closing conditions.
1. NewMed Energy outperformed the S&P 500 with a 10% total return last quarter. 2. Despite a downgrade of Israel's credit rating, Fitch upgraded the Leviathan Bond notes. 3. Leviathan gas field partners plan to invest up to $500 million to expand capacity, potentially boosting cash flow and dividends.
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