In the space of six months, the global semiconductor industry turned from being one of the hottest sectors to being among the most beaten up and bruised. An extraordinary turnaround over the past month has added $600 billion to the value of these companies. In the past month, the weighted-average return of the global semiconductor sector jumped 21%. Small-cap companies, which we define as those between $1 billion and $10 billion, are the laggards.Note that we excluded Samsung Electronics Co . Yet as the dust settles, tensions cool, and world leaders gather again, the same reasons to fall in love with chips start to re-emerge.
"For at least the next few years, I plan to focus solely on Arm's forthcoming explosive growth, while other (SoftBank) businesses will remain defensive," Son said. I would like to focus on offense for Arm. Son won't appear at post-earnings investor relations events any more," Tokai Tokyo Research Institute analyst Masahiko Ishino said. "As entrepreneur, he is the one who makes final investment decisions. "SoftBank itself is synonymous with Son, who with his audacious bets on companies from Chinese tech to startups like WeWork has charted a very different course from any other Japanese company.At SoftBank itself, net profit came to 3.03 trillion yen in the July-September second quarter.22 days ago ET Telecom
95105385New Delhi: The government will set up one or more centrally appointed Grievance Appellate Committees (GACs) within three months of the notification of amendments to the Information Technology (IT) Rules of 2021 under the IT Act, as per the final draft of the amended rules reviewed by ET. The idea behind setting up the committees is to give users of social media platforms including Facebook and Twitter recourse--other than approaching the courts–to settle complaints.The final draft of the proposed changes to the IT Rules of 2021, which were first released for public consultation in June, is likely to be notified in the next few days. However, the government is of the view that the platforms do not act on user grievances in a timely manner, according to people with knowledge of the matter.Companies had opposed the setting up of government-backed GACs, questioning the independence of such forums and citing concerns over freedom of speech. While the government had been asking industry to come up with a self-regulatory model, a lack of consensus among key platforms on a framework scuttled that effort.The GACs will, the rules propose, endeavour to resolve appeals within 30 days. In June this year, the government proposed certain changes after having observed that they lacked in certain areas such as a proper and effective user grievance redressal and a content regulation mechanism.1 month ago ET Telecom
They fell short of a 31% average analysts' forecast.Amazon shares slumped 12% after the bell on Thursday after it forecast a slowdown in sales growth for the holiday season, erasing some $140 billion from its market value and capping a week of dismal earnings from global tech firms. Alphabet 's Google Cloud revenue grew 38% in the quarter, beating estimates. The European region is a source of weakness. "The "build more" happened in 2021 and we've been coasting down since then," said McCarron. He added that he expects Intel's datacenter weakness to be bottoming soon "though there are larger macroeconomic concerns about how much improvement we might see on the next growth cycle."1 month ago ET Telecom
expect Asia’s equity leadership to shift from Southeast Asia and India to markets like China and Korea next year, while Societe Generale SA says Taiwan’s tech-heavy market is also at an inflection point. Meanwhile, domestic-demand driven southern markets of Indonesia and India boasted resilience. The brokerage is overweight Hong Kong, China, Korea and Taiwan, neutral on Indonesia and underweight India.The bullish case for South Korea and Taiwan is also built on their chip dominance, as the markets are home to industry heavyweights such as Samsung Electronics Co . “Now the Taiwan engine is leaving the station too. And then we get more to the middle of the train, which is China.”7 days ago ET Telecom
In the Croatian championship, NK Osijek is unbeaten in their past ten home games. NK Osijek scores 1.86 goals on average at home, while Dinamo Zagreb scores 2 goals on average away. NK Osijek has been unbeaten in two of their last five away home meetings against Dinamo Zagreb in the Croatian championship. Head-To-HeadIn the last 74 matches, NK Osijek has won 10 times, Dinamo Zagreb has won 47 times, and there have been 17 draws, with Dinamo Zagreb winning by a goal differential of 135-49. Dinamo Zagreb did not put in an impressive performance on the road against HNK Hajduk Split because they were not at their best.1 month ago Telecom Asia
SK Hynix and other semiconductor makers are also navigating new U.S. restrictions on exports of advanced semiconductors and chipmaking equipment to China. He said SK Hynix doesn't expect major disruptions at the plant at least until the late 2020s, but things could quickly turn for the worse if Washington refuses to extend temporary exemptions at some point and begins to fully enforce its export controls. The country's operating profit for the three months through September was at 1.65 trillion won ($1.16 billion), compared to 4.17 trillion won ($2.92 billion) during the same period last year. About 40% of Samsung's NAND flash chips are reportedly produced from its factory in the Chinese city of Xi'an, accounting for around 10% of global production. Noh during the call said SK Hynix's "competitors" have also been granted the U.S. waivers, in a possible reference to Samsung and Taiwan's TSMC.1 month ago ET Auto
Companies in India release their September quarter earnings around the Diwali festival, the high season for domestic consumption. The short-lived rout in Chinese stocks that followed President Xi Jinping’s ascendancy to a precedent-breaking third term came as a wake-up call. And when it comes to implementing a China+1 strategy, who has a deeper labor pool than India?The stock market is taking notice of the order flow. Nor will the stock market. However, the real lever that could swing things in favor of the second-most-populous nation lies with CEOs of Fortune 500 companies.1 month ago ET CFO