Topic

chipmaker

AMD to sell ZT Systems’ manufacturing business to Sanmina in $3 billion deal

Published 19 May, 2025 06:52pm

Chipmaker AMD agreed on Monday to sell the data center infrastructure manufacturing business of recently acquired ZT...

Nvidia faces $5.5 billion charge as US restricts chip sales to China

Published 16 Apr, 2025 10:15am

Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20...

Intel to sell majority stake in Altera for $4.46bn to fund revival effort

Published 14 Apr, 2025 06:27pm

Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46...

TSMC’s first-quarter revenue handily beats market forecast

Published 10 Apr, 2025 11:04am

TAIPEI: TSMC, the world’s largest contract chipmaker, on Thursday reported first-quarter revenue of T$839.25 billion...

Micron to impose tariff-related surcharge on some products from April 9

Published 08 Apr, 2025 05:48pm

SHANGHAI/TAIPEI: US memory chipmaker Micron Technology has told U.S. customers it plans to impose a surcharge on...

Qualcomm approached Intel about a takeover in recent days, source says

Published 21 Sep, 2024 09:43am

SAN FRANCISCO: Qualcomm has in recent days approached Intel to explore a potential acquisition of the troubled...

Nvidia overtakes Apple as No 2 most valuable company

Published 07 Jun, 2024 06:24am

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

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

Published 22 Mar, 2024 04:57am

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

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

Published 02 Jan, 2024 05:21am

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

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

Published 24 Jun, 2023 11:38am

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

China invests $1.9bn in top chipmaker: report

Published 30 Mar, 2023 06:35am

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

Global manufacturers see chip shortage easing

Published 21 Jul, 2022 06:24pm

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

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

Published 20 Jun, 2022 07:53pm

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

Qualcomm wins fight against $1bn EU antitrust fine

Published 15 Jun, 2022 05:08pm

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

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

Published 26 May, 2022 05:41pm

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

India outlines $10bn plan to woo global chip makers

Published 15 Dec, 2021 07:58pm

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

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

Published 06 Aug, 2021 04:18am

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

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

Published 27 Jul, 2021 10:56am

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

Volkswagen sticks to 2021 profit margin forecast despite chip crunch

Published 22 Jun, 2021 04:45pm

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.

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

Published 21 May, 2021 11:43am

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

EU explores chipmaker alliance as alternative to foreign-funded megafab

Published 29 Apr, 2021 07:56pm

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.

Atlas Copco vacuums up chip demand to beat profit forecasts

Published 27 Apr, 2021 06:03pm

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.

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

Published 01 Apr, 2021 11:39am

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.

Fire at chipmaker further tightens supply to car sector: Bosch

Updated 23 Mar, 2021 05:09pm

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.

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

Updated 09 Mar, 2021 09:33pm

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.

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

Updated 09 Feb, 2021 11:32pm

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.

STMicro sees higher Q1 sales, 2021 investments

Published 28 Jan, 2021 07:41pm

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.

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

Published 26 Jan, 2021 06:01pm

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.

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

Published 15 Jan, 2021 11:51am

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.

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

Published 14 Jan, 2021 12:29pm

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.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

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