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Monthly Archives: August 2024
[News] Intel Reportedly Considering Foundry Spin-Off or Merger to Mitigate Losses
In a report by Bloomberg on August 29 citing sources, it’s rumored that Intel Corp. is working with investment bankers to navigate what is described as the most challenging period in its 56-year history. Reportedly, Intel is said to be …
Posted in Semiconductors, Wafer Foundries
Tagged Intel, Lunar Lake, PC, wafer foundry
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[News] Nokia’s Potential Mobile Network Business Sale Reportedly Attracts Samsung’s Interest
As per a report from Bloomberg citing sources, Finnish telecommunications company Nokia is said to be having discussions on potential options for selling its mobile network business, of which is estimated to be valued at around USD 10 billion. The sources …
Posted in 5G Technologies, Consumer Electronics, Smartphones, Telecommunications
Tagged 5G, Huawei, mobile, Nokia, Samsung Electronics
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[News] Taiwanese Supply Chain to Benefit from Supermicro’s Order Withdrawal, with Dell and HP as Potential Beneficiaries
On August 27, AI server giant Supermicro was accused of accounting violations, inadequate disclosure of related party transactions, and evading sanctions by selling products to Russia by short-seller Hindenburg Research. In addition, Supermicro announced on August 28 that it would …
Posted in Semiconductors
Tagged AI server, CoreWeave, Dell, Foxconn, Gigabyte, H200, HPE, Inventec, Lenovo, Nvidia, Quanta, Supermicro, Wistron
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[News] Huawei’s Net Profit in 1H24 Hit Record High amid U.S. Sanctions, Surpassing CNY 50 Billion for the First Time
According to a report from the China Business Network, Huawei, seems to have overcome the pressure of U.S. sanctions, as it posted strong financial results in the first half of 2024 on August 29. The report shows that Huawei’s revenue for the first half …
Posted in Automotive Technologies, Consumer Electronics, Emerging Technologies
Tagged automotive, China, Huawei, US sanction
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[News] US Q2 GDP Growth Revised up to 3% as Initial Jobless Claims Slightly Declined
Summary: Q2 real GDP revised up to 3.0% Initial jobless claims last week fell by 2,000 to 231,000 Continuing claims last week rose by 13,000 to 1,868,000 The U.S. initial jobless claims slightly declined last week, as …