US Finalizes $6.6 Billion Chips Award for TSMC
The United States Commerce Department on Friday, November 15, announced that it finalized a $6.6 billion government subsidy for the US unit of Taiwan Semiconductor Manufacturing Co (TSMC).
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Fed’s Susan Collins Says About Prospects of December Rate Cut
Federal Reserve Bank of Boston President Susan Collins on Friday, November 15, during a conversation with media representatives, stated that cutting interest rates in the United States in December remains on the table, noting separately in this context that the relevant decision of the US financial regulator will be based on the coming data on […]
China’s Stimulus Measures Raise Domestic Consumption
For China, the fourth quarter of the current year began and continues as a period of a more balanced condition of the local economic system, which in recent years has been facing various challenges that have a significant sensitive impact on the situation in the relevant space.
Foxconn Reports Q3 Earnings
Foxconn, the world’s largest contract electronics manufacturer based in Taiwan, on Thursday, November 14, released information about its earnings in the third quarter of the current year.
ASML Predicts Growth Continuing
ASML, a Netherlands-based manufacturer of equipment for making chips, on Thursday, November 14, stated that it expects sales growth in the range of 8% to 14% over the next five years.
Fintech Zopa Aims to Double Profit
Digital lender Zopa, headquartered in London, is currently on track to double profits and to the growth of annual revenue by more than a third in 2024.
US Inflation Stays Firm
In the United States, inflation remained firm last month.
Vietnam Expands Chip Packaging Footprint
Currently, there is a tendency in Vietnam, in which foreign companies are expand their chip testing and packaging capacities in this country, and homegrown firms are eyeing investments.
SoftBank Reports Quarterly Earnings
The Japanese SoftBank Group on Tuesday, November 12, published information about its earnings for the second quarter of the fiscal year, which will end on March 31, 2025.
Meta Tests Experiential Retail to Sell Smart Glasses
Meta is currently promoting its Ray-Ban Meta smart glasses at a Meta Lab pop-up store in Los Angeles, where visitors have the opportunity to personally test this product.
SoftBank Reportedly to Book $1.87 Billion Profit on IPOs
Japanese technology investor SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, November 12.
Washington Reportedly Orders TSMC to Halt Shipments to China of Some Chips
The media, citing an insider, reported that the United States ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers.
China’s Consumer Prices Growth Demonstrates Slowdown
In October, China recorded an increase in consumer prices, which demonstrated the pace of upward dynamic, which is the slowest in the last four months.
Chipmaker Kioxia Files for IPO
Bain Capital-backed Kioxia filed for an initial public offering (IPO) of shares last Friday, November 8th.
PNC Bank Increases Investment in New Branch Locations
PNC Bank has increased the number of new branch locations and renovations that this financial institution intends to complete over the next five years.
China Announces $1.4 Trillion Debt Package
China on Friday, November 8, announced a five-year package of measures totaling 10 trillion yuan ($1.4 trillion), designed to solve the debt problems of local governments.
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