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Monthly Archives: August 2024
[News] TEL Raises Full-year Forecast; Nearly 50% of Last Quarter’s Revenue Comes from China
Japanese semiconductor equipment maker Tokyo Electron (TEL) has raised its profit forecast for the fiscal year 2024 (ending March 2025), expecting an operating profit of JPY 627 billion (approximately USD 4.3 billion), an 8% increase from its previous guidance. Tokyo …
Posted in NAND Flash, Semiconductors
Tagged ASML, China, EUV, export restriction, Japan, NAND, TEL, US
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[News] SMIC Q2 Net Profit Plummets Over 59%, while Hua Hong Also Sees Over 90% Decline
China’s two major semiconductor foundries, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, released their Q2 2024 financial results on August 8. Both companies reported sharp declines in net profit. SMIC, the leading foundry, saw its Q2 revenue increase by …
[News] TSMC Reports No Major Damage to Kumamoto Plant after 7.1 Magnitude Earthquake near Kyushu, Japan
On August 8th, Japan experienced a magnitude 7.1 earthquake with the epicenter located off the coast of Kyushu, in the sea east of Miyazaki Prefecture, at a focal depth of 30 kilometers. TSMC’s Kumamoto plant (JASM), located in Kumamoto Prefecture, experienced …
Posted in Semiconductors
Tagged Gudeng Precision, Japan, JASM, Kumamoto, MA-tek, Topco, TSMC
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[News] Intel Delays Innovation 2024 Event amid Financial Challenges, Arousing Public’s Curiosity on 18A
Last week, semiconductor giant Intel reported weak quarterly earnings, with announcements made on a massive 15% cut of workforce and an over 20% reduction on capital expenditures in 2024. Now the company seems to make up its mind on cost-cutting, …
[News] U.S. Initial Jobless Claims Less than Expected, Easing Market Fears of Economic Recession
The U.S. Department of Labor released data on August 8th showing that initial jobless claims for the previous week stood at 233,000, a decrease of 17,000 from the revised figure of the prior week, and better than the market expectation …