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Samsung Electronics plans global job cuts of up to 30% in some divisions: Reuters, citing sources
Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its […]
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Morgan Stanley is bullish on these global stocks from a corner of the semiconductor sector
The semiconductor sector has been under pressure, but Morgan Stanley sees opportunities in one corner: the bonder market. It’s a market that involves the production of integrated circuits and microelectronic components and is driven in part by the demand for electronics such as smartphones and electric vehicles. “Overall cycle is recovering slowly and equipment vendors […]
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CNBC Daily Open: Nvidia beating expectations isn’t enough
The Nvidia logo at Computex in Taipei, Taiwan, on June 5, 2024. Ann Wang | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What […]
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Macquarie names 10 ‘highest conviction’ Asia stocks that have ‘borne the brunt’ of recent sell-off
Macquarie named its 10 “highest conviction” stocks that it believes present buying opportunities for investors amid the current market volatility and sharp sell-off across global markets. The Australian investment bank’s analysis comes as markets grapple with concerns over a potential U.S. recession and the unwinding of the Japanese yen carry trade. In response, Japan’s stock […]
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Asia chip stocks tumble amid news the U.S. may consider trade curbs
The moves from the U.S. came after Bloomberg on Wednesday reported that the Biden administration is thinking about clamping down on firms exporting their critical chipmaking equipment to China. Wong Yu Liang | Moment | Getty Images Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. […]
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Nvidia’s 50 percent-a-trillion greenback wipeout leaves international chip shares unstable
The symbol of Nvidia Company is noticed all through the yearly Computex laptop or computer exhibition in Taipei, Taiwan, Could 30, 2017. Tyrone Siu | Reuters World wide semiconductor stocks noticed unstable buying and selling on Tuesday just after a slump in shares of Nvidia in the course of the previous session. Shares of chip […]
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Tech giants bet next-generation optical networks will reduce AI’s climate impact, aid 6G transition
Fast adoption of e-commerce, online streaming media, and workplace productivity tools — particularly during the Covid pandemic — has massive strain on current-day telecom networks. Nurphoto | Getty Images Some of the world’s largest tech firms are backing a new kind of telecoms network which they say will help reduce overall power consumption of data-hungry […]
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Morgan Stanley picks worldwide stocks to ride the Nvidia boom — and provides 4 additional than 50% upside
Investor darling Nvidia is dominating headlines at the time all over again right after its earnings final 7 days surpassed expectations on the back again of the synthetic intelligence increase. The chipmaker’s shares crossed $1,000 for the very first time past Wednesday and are up all-around 170% above the past year. Morgan Stanley notes that […]
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BofA names ‘Asia’s most important stocks’ — and analysts give one over 40% upside
BofA Securities has screened for 20 of Asia’s “most important stocks,” selected from the constituents of the MSCI Asia Pacific Index. Each stock’s importance is measured by “multiplying the index weight and the extent to which the stock performs differently from same Index (the volatility of relative return versus the MSCI Asia Pacific Index over […]
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Huawei’s new cell phone takes advantage of additional China-produced elements, memory chip
Huawei’s most up-to-date large-conclude cellphone options far more Chinese suppliers, including a new flash memory storage chip and an enhanced chip processor, a teardown evaluation confirmed, pointing to the development China is creating in the direction of technology self-sufficiency. Pau Barrena | AFP | Getty Illustrations or photos Huawei’s latest superior-end phone features more Chinese suppliers, which includes a new flash memory storage chip and an […]
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