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chipmaker

Nvidia overtakes Apple as No 2 most valuable company

NEW YORK: Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation...

Published 07 Jun, 2024 06:24am

Technology

Samsung to use tech favoured by SK Hynix as AI chip making race heats up

SEOUL: Samsung Electronics plans to use a chip making technology championed by rival SK Hynix, five people said, as...

Published 22 Mar, 2024 04:57am

Business & Finance

China’s Changxin Memory delays IPO, eyeing valuation of $19.5bn

BEIJING: Chinese chip maker Changxin Memory Technologies Inc (CXMT) is delaying its initial public offering (IPO) ...

Published 02 Jan, 2024 05:21am

Business & Finance

Japan Investment Corp in $7bn deal talks with chipmaker JSR

State-backed Japan Investment Corp is in talks to buy the country’s top chipmaker, JSR Corp, for about 1 trillion...

Published 24 Jun, 2023 11:38am

Business & Finance

China invests $1.9bn in top chipmaker: report

BEIJING: China is pumping $1.9 billion into its top memory chipmaker, according to media reports, as US restrictions...

Published 30 Mar, 2023 06:35am

Business & Finance

Global manufacturers see chip shortage easing

ZURICH/STOCKHOLM: Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the...

Published 21 Jul, 2022 06:24pm

World

Intel seeks $624mn in interest from EU after antitrust fine win

BRUSSELS: U.S. chipmaker Intel has filed a claim for 593 million euros ($624 million) in interest from the European...

Published 20 Jun, 2022 07:53pm

Markets

Qualcomm wins fight against $1bn EU antitrust fine

LUXEMBOURG: U.S. chipmaker Qualcomm on Wednesday won its fight against a 997 million euro ($1.05 billion) fine...

Published 15 Jun, 2022 05:08pm

Markets

Chipmaker Broadcom to buy cloud services firm VMware in $61bn deal

Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-and-stock...

Published 26 May, 2022 05:41pm

Markets

India outlines $10bn plan to woo global chip makers

NEW DELHI: India has approved a $10 billion incentive plan to attract semiconductor and display manufacturers, its...

Published 15 Dec, 2021 07:58pm

Business & Finance

Qualcomm tops Magna's bid with $4.6bn offer for Veoneer

NEW YORK: Chipmaker Qualcomm Inc said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc for ...

Published 06 Aug, 2021 04:18am

Business & Finance

South Korea's Q2 GDP growth hits decade high but risks loom

The main driver of growth in the second quarter was private consumption and government expenditure, which rose 3.5% and 3.9%, respectively, on-quarter

Published 27 Jul, 2021 10:56am

Business & Finance

Volkswagen sticks to 2021 profit margin forecast despite chip crunch

Volkswagen still expects to achieve a 2021 operating profit margin of between 5.5% and 7% for the group and a margin of 3% to 4% for its main brand, a spokesperson for the company said.

Published 22 Jun, 2021 04:45pm

Business & Finance

TSMC says 2021 output of key auto chip component up 60% vs last year

TSMC has repeatedly said it is doing its best to address the shortages and increase production.

Published 21 May, 2021 11:43am

Business & Finance

EU explores chipmaker alliance as alternative to foreign-funded megafab

It would complement or come as an alternative to a possible foreign-funded factory, with the aim to double the EU's market share in semiconductors to 20% by 2030, a target set out by European internal market chief Thierry Breton.

Published 29 Apr, 2021 07:56pm

Business & Finance

Atlas Copco vacuums up chip demand to beat profit forecasts

Order intake at Atlas, Sweden's most valuable company by market capitalisation, rose 18% organically to a record 30.5 billion crowns, exceeding analysts' expectations of 28.8 billion crowns.
Atlas reported an adjusted operating profit of 5.65 billion Swedish crowns ($672 million), up from 5.1 billion a year earlier and beating the 5.54 billion mean forecast in a Refinitiv analysts' poll.

Published 27 Apr, 2021 06:03pm

Business & Finance

TSMC to invest $100bn over 3 years to meet chip demand

TSMC, like other technology firms, has benefited from the work-and-study-from-home trend during the COVID-19 pandemic, as people rushed to buy laptops, tablets and other equipment.

Published 01 Apr, 2021 11:39am

Business & Finance

Fire at chipmaker further tightens supply to car sector: Bosch

Bosch said the shortage, which it said was affecting integrated circuits, automotive microcontrollers as well as application-specific integrated circuits, was also affected by weather-related production issues at other chipmakers.
Toyota, Nissan, Honda and other Japanese carmakers scrambled on Monday to assess the impact on their production of a fire at a Renesas Electronics chip plant that could aggravate a global semiconductor shortage.

Updated 23 Mar, 2021 05:09pm

Business & Finance

GlobalFoundries, Bosch to develop radar chips for self-driving car features

Under the deal, Santa Clara, California-based GlobalFoundries said it will make high-frequency radar chips for Bosch at its Fab 1 facility in Dresden, Germany. Radar chips are widely used in vehicles for driver-assistance features such as emergency braking, lane-keeping and parking assistance.
Rather than source the chips from a third-party company to put inside a radar module, Bosch is working directly with the chip contract manufacturer to have its own design custom-made.

Updated 09 Mar, 2021 09:33pm

Business & Finance

Honda and Nissan to sell a quarter of a million fewer cars because of chip shortage

The automakers made the announcement as they unveiled brighter outlooks for the financial year ending March 2021 as automobile markets.
Popular models that sell well were hit hard by semiconductor shortage.

Updated 09 Feb, 2021 11:32pm

Business & Finance

STMicro sees higher Q1 sales, 2021 investments

Chip makers have seen demand bounce back as auto production restarted faster than expected after lockdowns last year.
It planned to invest about $1.8 billion to $2.0 billion in capital expenditures in 2021.

Published 28 Jan, 2021 07:41pm

Business & Finance

Chipmaker Wuhan blames falling sales on pandemic, US' 'crazy suppression' of Chinese tech

Revenue for the company's CMOS sensor parts division, which sells to Sony Corp and subsequently to Huawei and other brands.
Due to the influence of the epidemic as well as the US government starting a new round of crazy suppression against China's high tech sector.

Published 26 Jan, 2021 06:01pm

Business & Finance

TSMC shares rise more than 5% after record high quarterly results

The world's top contract chipmaker on Thursday posted its best-ever quarterly profit and hiked revenue and capital spending estimates to record levels as it forecast.

Published 15 Jan, 2021 11:51am

Markets

Asia shares make cautious gains after Wall Street rises as US yields fall

The dollar index rose 0.357%, with the euro down 0.42% to $1.2156. The Japanese yen weakened 0.11% versus the greenback at 103.87 per dollar.

Published 14 Jan, 2021 12:29pm

Markets

Wall St flat as stimulus rally cools; Intel shines

Intel jumps on replacing CEO Bob Swan.
Exxon rises on J.P. Morgan upgrade to "overweight".
Regeneron up as US govt orders more COVID-19 therapy doses.
Indexes: Dow and S&P down 0.13%, Nasdaq flat.

Published 13 Jan, 2021 09:23pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 6	278.65
USD PKR Interbank Buying / Sep 6	278.45
USD to Japanese Yen / Sep 6	142.03
USD to Swiss Franc / Sep 6	0.84
Pound Sterling to USD / Sep 6	1.31
Euro to USD / Sep 6	1.11

Stock	Volume
S&P 500 / Sep 6	5,408.42
India Sensex / Sep 6	81,183.93
Tokyo Nikkei / Sep 6	36,391.47
Nasdaq / Sep 6	16,690.83
Hang Seng / Sep 6	17,444.30
FTSE 100 / Sep 6	8,181.47
Dow Jones / Sep 6	40,345.41
Germany DAX 30 / Sep 6	18,301.90

Item	Value
Crude Oil USD/Barrel / Sep 6	67.67
Gold 10 Grams PKR / Sep 6	227,970.30
Gold Spot USD/Ounce / Sep 6	2,497.41
Cotton US¢/pound / Sep 6	67.88
Karachi Cotton PKR/37.32 KG / Sep 7	18,535
Petrol/Litre / Sep 8	259.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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