Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy’s contraction in the first quarter. The Facebook parent surged 17.6 percent after the social network reported a larger-than-expected profit and rebounded from a drop in users. […]
Search results for "semiconductor"
Computers using light rather than electric currents for processing, only years ago seen as research projects, are gaining traction and startups that have solved the engineering challenge of using photons in chips are getting big funding. In the latest example, Ayar Labs, a startup developing this technology called silicon photonics, said on Tuesday it had […]
Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning deliveries would be postponed until next month. China has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to […]
Taiwanese electric scooter maker Gogoro Inc has all the chips it needs for now, founder and Chief Executive Horace Luke said on Tuesday, but could face a squeeze by year-end as it pushes big plans to grow in China, India and Southeast Asia. While a global shortage of semiconductors has slammed auto makers, Luke told […]
China’s supply chains must be stabilised amid COVID-19 outbreaks, with local governments helping key companies get back to work, the official Xinhua news agency quoted Vice Premier Liu He as saying. Growing COVID-19 flare-ups are snarling China’s logistics chains, clogging highways and ports, stranding workers and shutting countless factories. The disruptions are already spilling over […]
China said on Friday that it will help hundreds of companies in key sectors to resume production in locked-down Shanghai, the commercial capital at the centre of the country’s latest COVID-19 outbreak, as businesses warn of the growing economic toll of restrictions. The announcement comes as a growing number of business leaders and analysts warn […]
Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results. Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors outperforming the broader market. The Nasdaq jumped […]
Taiwan’s premier has called for the swift passage of revisions to laws mandating tougher punishments to prevent China from stealing its chip technology, saying the threat from the “red supply chain” needed an effective deterrence. In February, Taiwan’s Cabinet proposed toughening the rules, amid rising concern in Taipei that Beijing, which claims the democratically ruled […]
Taiwan’s spy catchers have launched probes into around 100 Chinese companies suspected of illegally poaching semiconductor engineers and other tech talent, a senior official at the island’s Investigation Bureau told Reuters. That comes on top of seven prosecuted since the start of last year and includes 27 which have either been raided or whose owners […]
Investors sent Toshiba Corp shares sharply higher on Friday as they bet the Japanese conglomerate could become the target of a bidding war after Bain Capital sounded out shareholders about a possible buyout. The stock jumped 6.7 percent in morning Tokyo trade on expectations that global private equity firms could be lining up to take […]