➀ Intel CEO Paul Otellini proposed buying NVIDIA for $20 billion in 2005; ➁ NVIDIA is now worth over $3.3 trillion and leads in AI; ➂ The board rejected the proposal, and Intel's current performance might not have been as successful if the acquisition had been made.
Recent #Financial Loss news in the semiconductor industry
➀ Largan Precision reported a net loss of NT$2.88 billion (US$80.9 million) in the third quarter of 2024;
➁ The company's revenue for the first three quarters of 2024 reached NT$33.594 billion, with an EPS loss of NT$1.27;
➂ Largan Precision's capital expenditures for the year are expected to be between US$855 million and US$905 million, mainly for the capital investment of the P5 factory.
➀ Shen Haoping resigns as CEO of TCL Zhonghuan due to heavy losses from overproduction strategy, with Li Dongsheng taking over to strengthen overseas control and reduce losses. ➁ TCL Zhonghuan's revenue for the first half of 2024 dropped by 53.54% to 16.213 billion RMB, with a net loss of -3.064 billion RMB, highlighting challenges from industry price wars and market demand changes. ➂ TCL Zhonghuan is enhancing cost control, optimizing business structure, and expanding overseas markets to reverse the situation, while also advancing industrial 4.0 transformation to improve智能制造能力.
1. A disgruntled ex-employee of NCS deleted all 180 of the company's test servers, causing over $600,000 in damages. 2. The company failed to revoke the former employee's access credentials, which allowed him to install deletion scripts. 3. The deletion scripts were found on Google, indicating a lack of proper security measures.