The semiconductor industry is facing a challenging time in 2022, as a slump in demand for smartphones and personal computers led to a sharp decline in the sales of some major chipmakers. Several automakers have pointed out of late that the chip crunch in the industry is here to stay. Volkswagen, for instance, estimates that the auto industry could continue witnessing a chip crunch into 2023 and beyond.
Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand. Investors have been on edge about chip demand after UMC's much larger peer TSMC shocked the market last week by dialling back its expectations for the sector's growth this year, especially in more mature technologies used in sectors like autos. United Microelectronics Corp (UMC) focuses on more mature nodes, unlike Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which is investing big in the most advanced 2 and 1 nanometre technology to power artificial intelligence (AI) applications.
The news cheered up investors who were bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. It also helped Wall Street shrug off the company's weak results that included its first quarterly revenue decline in nearly four years and a lower-than-expected profit. "First impression for us is CEO Elon Musk is appeasing the market by accelerating new product launches," Jefferies analysts, led by Philippe Houchois, said in a note.
About 3.6 million overweight or obese patients with heart conditions insured under the U.S. Medicare program could be eligible for coverage of Novo Nordisk's weight-loss drug Wegovy, a study published by Kaiser Family Foundation (KFF) showed on Wednesday. Wegovy was approved by the U.S. health regulator last month for lowering the risk of stroke and heart attack in overweight or obese adults who do not have diabetes.
A rally attempt is underway. Tesla revved higher on plans for "affordable" EVs. Meta and ServiceNow earnings loom tonight.
A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.
Faraj Jarjour, 68, died in Varadero, Cuba on 22 March
24 April 2024 PayPoint plc ("the Company") Notifications of transactions by Persons Discharging Managerial Responsibilities (together “PDMRs”) The PayPoint Plc Share Incentive Plan This announcement includes details in respect of the monthly acquisition of Partnership Shares and award of Matching Shares under the PayPoint Plc Share Incentive Plan (“SIP”) made on 22 April 2024, in respect of those PDMRs who are participants in the SIP, as set out below, including the following Directors: PDMRPart
Nokia CorporationManagers’ transactions24 April 2024 at 12:00 EESTNokia Corporation - Managers' transactions (Martikainen) Transaction notification under Article 19 of EU Market Abuse Regulation.____________________________________________Person subject to the notification requirementName: Martikainen, Piia SusannaPosition: Closely associated person (1):Person Discharging Managerial Responsibilities In IssuerName: Uitto, TommiPosition: Other senior manager Issuer: Nokia CorporationLEI: 549300A0J
REDWOOD CITY, Calif., April 24, 2024--Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced that global video game publisher Ubisoft has adopted Zuora to power its Ubisoft+ and Rocksmith+ subscription services. Over the course of the partnership, Ubisoft has leveraged Zuora to scale its subscription business, automating and reducing friction in the billing, accounting and payment processes to accommodate online traffic increases of up to 200% during new game
BUCHAREST, Romania, April 24, 2024--Bitdefender announced Voyager Ventures, a new investment initiative dedicated to financing and nurturing the next generation of technology startups.
GREENWICH, Conn., April 24, 2024--Astatine Investment Partners ("AIP" or "Astatine", formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced that with funds it manages it has acquired NRG Riverside ("NRG Riverside" or the "Company"), the UK’s leading rental provider of specialist waste collection vehicles, from Palatine and other shareholders.
Healthy Lifestyle and Eating Trend Making Sugar-Free Confectioneries More AttractiveRockville, April 24, 2024 (GLOBE NEWSWIRE) -- With more and more people focusing on their health and eating habits, food choices have changed considerably over the past years. Sugar-free is one of the buzzwords in the F&B space that is shaping various market landscapes. According to Fact.MR, a market research and competitive intelligence provider, the global sugar-free confectionery market has been calculated at
SALT LAKE CITY, April 24, 2024 (GLOBE NEWSWIRE) -- CapitalROCK, the developer of RightBRIDGE has made a preliminary assessment of the DOL’s finalized Retirement Security Rule and amended Prohibited Transaction Exemptions (PTE’s) and will be ready to implement the necessary changes by the rule effective date on or around September 23, 2024. The required changes for the Retirement Security Rule will be in the 2024 release R2 of RightBRIDGE. CapitalROCK has long been a leader in providing best-in-c
The global microbial products market size is anticipated to grow from USD 160 billion to USD 286.53 billion in 10 years. The market will experience rapid growth due to biotechnological advancements during the forecast period.Newark, April 24, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 160 billion in 2023 global microbial products market will reach USD 286.53 billion in 2033. Microorganisms' metabolic operations produce microbial products. Applications include food, agric
The potassium nitrate market size was valued at USD 1.7 Billion in 2023 and is expected to reach a market size of USD 2.1 Billion by 2032 at a CAGR of 2.7%.Fort Collins, Colorado, April 24, 2024 (GLOBE NEWSWIRE) -- The growing demand for potassium nitrate drives the industry's growth. The growth of the potassium nitrate market is indeed strongly driven by the expanding agricultural sector. With the global population projected to reach 9.7 billion by 2050, according to the United Nations Food and
Nokia CorporationManagers’ transactions24 April 2024 at 12:00 EESTNokia Corporation - Managers' transactions (Uitto) Transaction notification under Article 19 of EU Market Abuse Regulation.____________________________________________Person subject to the notification requirementName: Uitto, Tommi Position: Other senior manager Issuer: Nokia CorporationLEI: 549300A0JPRWG1KI7U06Notification type: INITIAL NOTIFICATIONReference number: 59445/5/4____________________________________________ Transactio
Battle of the deputies as Dowden and Rayner set to clash at PMQs
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Dublin, April 24, 2024 (GLOBE NEWSWIRE) -- The "Corporate Relocation Service Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.The global corporate relocation service market is expected to reach an estimated $26.8 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The future of the market looks promising with opportunities in the discrete manufacture, consumer goods, government, technology, finance, oil & gas, and pha
The US Senate has passed £49bn in military aid for Ukraine which can be delivered ‘within days’
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