Makers

Export Licences Revoked from Huawei by US – Chip Makers React Swiftly!

by

San Diego, California – The US government has taken steps to restrict exports of certain goods to Chinese tech giant Huawei, a move that is likely to have significant implications for the global technology industry. In a recent development, the Department of Commerce revealed that it has revoked some licenses that allowed US chip makers to export specific items to Huawei, marking a significant escalation in the ongoing economic tensions between the US and China. …

Read more

Tesla Slashes Prices on Model Y, Model S, and Model X: What’s Behind the Electric Vehicle Maker’s Latest Move?

by

FREMONT, Calif. – Electric vehicle manufacturer Tesla made a bold move in the U.S. market by slashing prices on three of its models by $2,000 each late Friday. This decision reflects the challenges faced by the company, spearheaded by entrepreneur Elon Musk. The discounted pricing affected the Model Y, Tesla’s most popular small SUV and the leading electric vehicle in the United States, along with the older and pricier Models X and S. However, the …

Read more

Super Micro Computer Set to Raise $2 Billion in Stock Sale – AI Server Maker’s Shares Drop 12%

by

San Jose, California – Super Micro Computer, a leading artificial intelligence (AI) server maker, announced plans on Tuesday to sell 2 million shares in a move that could potentially raise around $2 billion. Following this news, the company’s shares experienced a sharp decline of about 12%. Since the start of the year, shares of the San Jose-based company have soared, more than tripling in value. This increase in stock value has made selling equity an …

Read more

**Factory Output Skyrockets in China – Will Policy Makers Keep up?**

by

Shanghai, China- China’s recent surge in factory output and investment growth has sparked questions about when the government will intervene to provide further economic support to achieve its ambitious growth target. According to the National Bureau of Statistics, industrial output in January-February increased by 7% from the previous year, marking the fastest growth in two years and surpassing expectations. Fixed-asset investment also saw a notable uptick, rising by 4.2%, the strongest growth since April. Additionally, …

Read more

Chip Makers Rake in Billions from U.S. for New Factories – Global Race Heats Up!

by

BURLINGTON, Vt. – The Biden administration announced on Wednesday that it will provide $1.5 billion to GlobalFoundries to help with the production of computer chips. This investment is part of an effort to bolster domestic semiconductor production and reduce the country’s reliance on foreign manufacturers. The funding is intended to support the expansion of GlobalFoundries’ facilities in Vermont and New York, as well as to promote technological innovation in the United States. The move comes …

Read more

Estee Lauder Beats Expectations with 15% Surge in Stock – Check Out Pre-Bell Headline Makers!

by

New York, United States – Several major companies made headlines in the stock market before the bell. Estee Lauder saw a 15% surge in its stock after beating expectations in its latest quarterly results. The cosmetics company reported adjusted earnings of 88 cents per share, surpassing the FactSet consensus estimate of 54 cents per share, and generated revenue of $4.28 billion, exceeding analyst predictions. Catalent, a contract drug manufacturer, experienced a more than 12% increase …

Read more