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Samsung's quarterly profit hits 8-year low amid weak demand for memory chips, smartphones

Samsung Electronics' operating profit plummeted 69% to $3.4 billion in the quarter that ended in December to an eight-year low, according to its preli...

January 6, 2023, 4:00 am

The wall street journal: samsung forecasts big slump in fourth-quarter profit as tech demand wanes

The South Korean tech giant on Friday forecast its operating profit in the quarter ending Dec. 31 to drop by 69% from the prior year to 4.3 trillion w...

January 6, 2023, 12:44 am

Samsung forecasts big slump in fourth-quarter profit as tech demand wanes

SEOUL — Samsung Electronics Co. 005930, +0.17% said it expects its fourth-quarter profit to plunge as the firm's mainstay memory-chip and smartphon...

January 5, 2023, 7:44 pm

Foxconn's evs will be built with nvidia's self-driving toolkit

Taiwanese manufacturer Foxconn and Nvidia announced Tuesday ahead of CES 2023 a partnership to develop ...

January 3, 2023, 11:45 am

Teladoc: a bargain if it ever reaches gaap profitability

After a weak 2022, Teladoc shares are now trading 92% below their highs. Confidence in management wanes...

January 2, 2023, 9:29 am

Microstrategy sells off bitcoin for first time—then buys even more

Michael Saylor’s software company framed the sale as being for “tax benefits,” but its appetite for amassing Bitcoin hasn’t yet ...

December 28, 2022, 5:59 pm

Kraken to shut operations in japan by citing 'weak crypto market'

Cryptocurrency exchange Kraken announced its decision to wit...

December 28, 2022, 10:23 am

Tsmc in talks with suppliers over first european plant - ft

Taiwanese chipmaker TSMC is in advanced talks with key suppliers about setting up its first potential E...

December 23, 2022, 12:15 am

Venture capital activity in blockchain surpasses 2021 despite rough year

Bitcoin's price has dropped by over 60% this year, but despite the fallout in the broad cryptocurrency market, blockchain projects are seeing inflows ...

December 22, 2022, 9:01 am

Growth, innovation could fuel pharma etf rebound

For much of 2020 and 2021, the pharmaceutical stock investment thesis revolved around development and disbursement of coronavirus vaccines. While that...

December 21, 2022, 12:31 pm

What's going on with carvana stock?

The used-car business faces pressure as consumer demand wanes....

December 17, 2022, 5:45 am

Netflix has lost its golden touch. here's why the streamer is so boring now.

Netflix's streaming revolutionized the way we watch television and movies. But the utopia of choice — watching what we want whenever we want — ...

December 16, 2022, 6:40 am

Tsmc makes a $40 billion bet on u.s.-made chips. don't declare victory yet.

The Taiwan powerhouse chip maker's two new chip fabs in Arizona will take years to get going. Meanwhile, its Tai...

December 9, 2022, 9:01 pm

The ‘safe-haven’ allure of the chf may start to wane – hsbc

The ‘safe haven’ allure of the CHF may start to wane, as many of the Eurocentric risks – most not...

December 9, 2022, 12:29 pm

Foxconn ends 'closed loop' at iphone megafactory in china

Taiwanese tech giant Foxconn has ended a months-long "closed loop" system at the world's biggest iPhone...

December 9, 2022, 6:01 am

Tsmc's u.s. chip gambit has powerful backers

The Taiwanese chip maker's investment won't be enough to end U.S. reliance on Asia, but the trend is pr...

December 7, 2022, 6:00 am

Tsmc expects $10 billion in annual revenue from arizona fabs

Taiwanese chipmaker TSMC on Tuesday estimated annual revenue of $10 billion when its two planned chips ...

December 6, 2022, 4:41 pm

Biden to visit taiwan's tsmc chip plant in arizona, hail supply chain fixes

President Joe Biden will visit the Arizona plant of TSMC on Tuesday as the Taiwanese chipmaker is set t...

December 6, 2022, 5:05 am

Tesla plans to cut car production in shanghai as demand wanes: report

Facing weaker demand in China, Tesla Inc. TSLA, +0.08% plans to reduce production at its Shanghai plant by possibly 20% in December, Bloomberg reporte...

December 5, 2022, 2:29 am

Biden to visit taiwanese chip manufacturer tsmc's arizona plant on dec. 6-white house

U.S. President Joe Biden plans to travel to Taiwanese chip manufacturer TSMC's (TGLL.UL) Arizona facili...

November 30, 2022, 10:42 am


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