Intel surpassed its profit estimates for the September quarter, driven by Chief Executive Officer Lip-Bu Tan's aggressive cost-cutting measures and significant new investments. The chipmaker's shares rose by 7% in after-hours trading following the announcement.

Tesla achieved record third-quarter revenue, surpassing Wall Street estimates, driven by its highest quarterly electric vehicle sales. This was partly due to U.S. buyers securing a key tax credit before its expiry. However, the company's profit fell short of analysts' expectations. Credit: TESLA Profit was impacted by tariff and research costs, alongside a decrease in income from regulatory credits. These credits are projected to diminish further due to recent legislation und

The iPhone 17 series outperformed its predecessor in early sales across China and the United States, research firm Counterpoint announced on Monday. The newer models outsold the iPhone 16 series by 14% during their initial 10 days of availability in these two countries, according to a Counterpoint report. Credit: APPLE Sales of the base model iPhone 17 nearly doubled in China compared to the iPhone 16 during the same timeframe. Across both markets, sales for this model increa

Taiwan Semiconductor Manufacturing Co., the world's largest producer of advanced chips, increased its full-year revenue forecast on Thursday, driven by a robust outlook for artificial intelligence spending. This announcement followed the company's report of record profits, which exceeded market expectations.

Apple CEO Tim Cook pledged to boost the technology giant's investment in China during a meeting with China's industry minister Li Lecheng on Wednesday. The commitment comes as Apple navigates trade tensions between Beijing and Washington.

TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is set to post a 28% jump in third-quarter profit, reaching a record high. This surge is primarily due to increasing demand for AI infrastructure, despite potential complications from US tariffs. Credit: TSMC Taiwan Semiconductor Manufacturing Co. (TSMC), a key supplier to Nvidia and Apple, is forecast to post a net profit of USD 13.65 billion for the three months through Sept. 30. This figure c

China has declared its support for local electronics parts supplier Wingtech in its dispute with Dutch authorities over control of its European semiconductor unit, Nexperia. This comes after the Dutch Ministry of Economic Affairs issued an order placing Nexperia under temporary external management, citing national security grounds. Credit: WINGTECH The state-backed China Semiconductor Industry Association (CSIA) stated on Tuesday that it "firmly supports" Wingtech, a CSIA mem

Samsung Electronics on Tuesday projected a 32% rise in its third-quarter operating profit compared to a year earlier. This forecast surpassed analysts' estimates, driven by strong demand for conventional memory chips, which mitigated weaker high bandwidth memory chip sales. Credit: Samsung The world's largest memory chipmaker estimated an operating profit of 12.1 trillion won (USD 8.5 billion) for the July-Sept. period. This figure would mark Samsung's highest quarterly profi