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.
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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.
India’s Central Bank Chief Warns Risk of Global Inflation Returning
The head of the central bank of India stated the continued existence of risks of a return to global inflation, the potential materialization of which could become an obstacle to economic growth.
AI Startup Writer Raises $200 Million
Startup Writer, operating in the area of generative artificial intelligence, was able to raise investment funds in the amount of $200 million.
Amazon Launches Low-Cost Ecommerce Service in US
Amazon has launched a new virtual store of products priced from $20 and below.
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.
Baidu Expands AI Lineup
The Chinese company Baidu on Tuesday, November 12, presented new apps for its artificial intelligence technology.
Meta to Offer Less Personalized Ads in Europe
Meta Platforms plans to offer European users of the virtual social media platforms Instagram and Facebook the opportunity to receive less personalized advertising.
Amazon Offers Free Computing Power to AI Researchers
Amazon’s unit, which specializes in cloud computing, announced on Tuesday, November 12, that it will offer free computing power to researchers who want to use its custom artificial intelligence chips.
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.
Intesa Partners With BlackRock in Private Banking
Intesa Sanpaolo, the largest Italian bank, announced that it will cooperate with BlackRock, the world’s biggest asset manager and the leading shareholder of this financial institution.
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.
