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2024-11-11

[News] Kioxia to Expedite IPO Process with New Listing Method, Targeting as Early as December

According to a report from MoneyDJ, Japan’s major NAND Flash manufacturer Kioxia plans to go public on the Tokyo Stock Exchange by June 2025, leveraging Japan's newly introduced IPO application process to shorten procedural timelines. According to the report, Kioxia aims for an IPO within the p...

2024-11-08

[News] Intel Delays German Magdeburg Fab Construction Plans to 2029-30, Sparking Subsidy Return Debate

According to Tom’s Hardware, citing a report from HardwareLuxx, Intel has postponed  its Magdeburg fab project to 2029-2030, raising concerns in Germany about whether the allocated funding should be returned to the federal budget. The German government took some time to secure €10 billion in...

2024-11-08

[News] SMIC Reports Record Q3 Revenue, Cautious on Expansion Amid Overcapacity Warnings

According to a report in Commercial Times, the leading Chinese semiconductor foundry, SMIC (Semiconductor Manufacturing International Corporation), released its financial report for the third quarter on the evening of November 7. Due to robust growth in wafer production capacity and sales, SMIC's re...

2024-11-08

[News] FOMC Summary: Fed Rate Cut by 25 Basis Point, Shift Policy Stance to Neutral

The U.S. Federal Reserve announced a 25 bps rate cut to 4.5%-4.75% at its monetary policy meeting on November 7, aligning with market expectations. In its statement, the Fed removed the phrase "job gain have slow" and replaced it with "Since earlier in the year, labor market conditions have gener...

2024-11-08

[News] Qualcomm Derived Nearly 50% of FY24 Sales from China, Eyeing 10% QoQ Revenue Growth This Quarter

Amid the passion of the wild election, U.S. chip giant Qualcomm reported an upbeat first-quarter (ended December 31) sales forecast, with revenue rising between USD 10.5 billion and USD 11.3 billion, eyeing for an over 10% quarter-over-quarter growth at most. The strong momentum, according to a repo...

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