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02.05.26 - 01:48
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Foxconn Industrial Internet posts 102% net profit growth in 1Q26 on AI GPU, ASIC demand (Digitimes)
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Benefiting from the continued expansion of artificial intelligence (AI) computing power demand, Foxconn Industrial Internet (FII), a subsidiary of Hon Hai Precision Industry (Foxconn), reported first-quarter 2026 revenue that far exceeded market expectations. Revenue reached CNY251.08 billion (approx. US$36.74 billion), up 56.52% year over year, while net profit attributable to shareholders of the parent company reached CNY10.60 billion, soaring 102.55%, with profit growth significantly outpacing revenue....
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01.05.26 - 00:06
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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again (ZeroHedge)
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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again
Ahead of today's AAPL earnings report, we've had a mixed picture from Mag 7 earnings so far: GOOGL soared to a record high, MSFT and AMZN both dropped (although they recovered much of their losses throughout the day) and META crashed, all on different reads of their capex. Which leaves AAPL to complete the picture of the big 5 megacaps (with NVDA set to report in a few weeks). As we previewed earlier, focus today will be on how soaring memory prices are impacting the company's profit margin, as well as hearing from new CEO John Ternus.
With that in mind, here is what the company just reported for its fiscal second quarter:
EPS $2.01 vs. $1.65 y/y, beating estimates of $1.96
Revenue $111.18 billion, +17% y/y, beating estimates of $109.66 billion
Products revenue $80.21 billion, +17% y/y, beating estimates of $79.26 billion
IPhone revenue $56.99 billion, +22% y/y, barely beati...
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01.05.26 - 00:03
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Corporate News: Haier Biomedical (EQS)
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Haier Biomedical treibt den globalen Fortschritt der Life-Science-Infrastruktur voran: Das internationale Geschäft erreicht 2025 einen Rekordanteil von 36 % am Jahresumsatz...
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30.04.26 - 16:30
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Chinese firms face pressure on AI investments as US peers′ spending keeps soaring (SCMP)
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Artificial intelligence investments by US tech giants continue to soar, dwarfing those of Chinese AI firms, but China's rising appetite for AI applications will compel its tech companies to increase their AI spending this year, according to analysts.
The largest US tech companies are on track for more than US$700 billion in AI capital expenditures this year, driven in part by rising memory costs and continuously growing demand for AI applications.
Google and Microsoft on Thursday both said that......
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30.04.26 - 13:03
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Entegris Announces Appointment of Sukhi Nagesh as Chief Financial Officer (Business Wire)
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Mr. Nagesh Brings Extensive Financial and Corporate Strategy and Development Experience in the Semiconductor IndustryBILLERICA, Mass.--(BUSINESS WIRE)--Entegris, Inc. (NASDAQ: ENTG), a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries, today announced the appointment of Sukhi Nagesh as the Company's Chief Financial Officer (“CFO”), effective May 18, 2026.
Mr. Nagesh has nearly 30 years of leadership experience in finance, investor relations, and corporate strategy and development roles at semiconductor and technology companies. He joins Entegris from Nielsen where he currently serves as Head of Corporate Development and M&A, responsible for leading M&A strategy, planning and execution. Previously, Mr. Nagesh served as Vice President of Corporate Development, Strategy and Investor Relations at GlobalFoundries, a leading manufacturer of semiconductors. There, he supported the company's landmark IPO, managed investor and ana...
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30.04.26 - 12:30
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HKD1.5B Southbound Trading Net Inflow to SMIC (AAStocks)
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There was HKD1.5 billion, HKD1.1 billion and HKD703.9 million Southbound Trading net inflow to SMIC (00981.HK), XIAOMI-W (01810.HK) and CNOOC (00883.HK).There was HKD1.1 billion and HKD188.7 million Southbound Trading net outflow from TENCENT (00700.HK) and BABA-W (09988.HK).For Southbound Trading of Shanghai-Hong Kong Stock Con......
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