Samsung Q3 profit set to slump 80% as chip losses persist
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses…
Japan chip tool firm Kokusai Electric launches $750 million IPO
By Sam Nussey and Makiko Yamazaki TOKYO (Reuters) – Chipmaking equipment maker Kokusai Electric said on Thursday it plans to list on the Tokyo Stock Exchange on Oct. 25, setting…
Toshiba says JIP’s $14 billion tender offer set to succeed
By Makiko Yamazaki and Tokyo Newsroom TOKYO (Reuters) – A $14 billion tender offer to take Toshiba private is set to succeed, the Japanese company said on Wednesday, clearing a…
Apple pushes iPhone 15 Pro Max deliveries to November in sign of strong orders
By Brenda Goh and Yuvraj Malik (Reuters) – Buyers of Apple‘s new iPhone 15 Pro Max in some countries including China, Japan and the United States may have to wait…
ASML to ship first pilot tool in its next product line in 2023
By Toby Sterling AMSTERDAM (Reuters) – ASML will ship the first pilot tool in its next product line this year as planned, the semiconductor equipment maker’s CEO Peter Wennink said,…
Salesforce rallies as profitability push pays off
By Aditya Soni (Reuters) – Salesforce rallied over 5% on Thursday after its strong earnings report showed that cost cuts were working and demand was holding up better than expectations…
Don’t Say Good-Bye to Internet Cafés, Yet
Internet cafés represent a big part of Korean culture. In South Korea, it is a place with hundreds of gaming computers stored in a compact space, often underground, attracting people to…
Nvidia bets $25 billion that AI boom is far from over
By Stephen Nellis and Max A. Cherney Nvidia: (Reuters) – Nvidia’s CEO Jensen Huang said he expects the artificial intelligence boom will last well into next year and made what…
Snowflake beats quarterly estimates on strong demand for data management services
By Jaspreet Singh (Reuters) – Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a…
Grab advances break-even timeline on boost from cost cuts, strong demand
By Yuvraj Malik (Reuters) – Grab Holdings forecast a smaller operating loss for the current year and pulled forward its profitability timeline on Wednesday, as cost savings from its recent…