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03.05.26 - 04:42
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Silicon Motion posts record 1Q26 revenue driven by AI, new products to boost growth (Digitimes)
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Silicon Motion Technology reported a record quarterly revenue of US$342 million in the first quarter of 2026, up 23% from the previous quarter and soaring 105% year-over-year. The company posted a gross margin of 47.2%, net income after tax of US$53.9 million, and diluted earnings per American depository share (ADS) of US$1.58. CEO Wallace Kou said that ongoing ramp-ups of new projects and market share gains will drive quarterly revenue growth throughout 2026....
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03.05.26 - 04:42
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Samsung restructures home appliance business after 90% profit erosion (Digitimes)
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Samsung Electronics is reportedly initiating a large-scale restructuring of its home appliance division aimed at reversing declining profitability by increasing outsourced production and streamlining operations. According to South Korean media outlets including Maeil Business Newspaper and Hangyung, Samsung held a high-level meeting in early April 2026 to establish plans for bolstering competitiveness in the home appliance sector....
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03.05.26 - 00:54
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Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN (ZeroHedge)
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Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Authored by Nate Kostar via CoinTelegraph.com,
Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday.
The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in direct and indirect exposure, while total assets of about $191.8 billion exceeded liabilities of approximately $183.5 billion as of March 31.
Tether said this level of exposure makes it the 17th largest holder of US Treasuries globally. Beyond Treasuries, reserves included about $20 billion in physical gold and $7 billion in Bitcoin (BTC).
USDT circulating supply remained broadly stable at about $183 billion at the end of the first quarter. After the period, CEO Paolo Ardoino said supply has increased by more than $5 billion into April.
Tether said its proprietary investments a...
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02.05.26 - 14:48
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Berkshire Hathaway Q1 Profit Surges (AFX)
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OMAHA (dpa-AFX) - Warren Buffett's Berkshire Hathaway Inc. (BRK-A, BRK-B) reported on Saturday that its net earnings attributable to shareholders surged to $10.106 billion or $7,027 per class A sh......
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