Kuaishou reports Q3 revenue up 14% YoY to ~$5B and net profit up 37% YoY to ~$632M, above ~$588M est., driven by ad growth and its Kling AI video generator
Sherry Qin / Wall Street Journal :
SMIC reports Q3 revenue up 9.7% YoY to $2.38B, above $2.35B est., and net profit up 29% YoY to $191.8M, above $161.2M est., as analog chip demand rises
Sherry Qin / Wall Street Journal :
Wingtech's Shanghai-listed stock plunged 10%, its daily limit, after the Dutch government seized control of Nexperia, which Wingtech acquired in 2018 for $3.6B
Nexperia parent company Wingtech preps response to ‘exceptional’ steps taken to safeguard ‘crucial technological knowledge’ Toby Sterling / Reuters : Dutch government intervenes at Chinese-owned compu...
Taiwan's vice premier, who is leading US negotiations, says Taiwan would not agree to a 50-50 split in chip production, adding no such condition was discussed
trade discussion to be focused on Section 232 investigation for preferential deal on semiconductors DigiTimes : Taiwan rejects US proposal for 50-50 chip production split John Liu / CNN : Taiwan says ...
Foxconn says revenue from cloud and networking, including AI servers, made up 26% of its Q4 revenue and will almost catch up with consumer electronics in 2025
Sherry Qin / Wall Street Journal :
Chinese game giant NetEase reports Q4 net profit up 33% YoY to ~$1.2B, above ~$1.05B est., and revenue down 1.4%, a sign its gaming business is turning around
Sherry Qin / Wall Street Journal :
Nvidia stock fell 9.5% on Tuesday, losing $279B in market value, the biggest single-day drop for a US company, as investors soften their optimism about AI
more pain may be in store Financial Express : Nvidia takes major hit: Loses $279 billion in market value as shares drop 9.5 per cent The Economic Times : Nvidia sheds $279 billion in market cap: reaso...
TSMC's Taiwan-listed shares hit a new record high after its US-listed stock closed up 5%+ on June 5, following major TSMC customer Nvidia's shares rallying
Sherry Qin / Wall Street Journal :