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The Latest Breaking News on Asian tech

Sony taps president to steer entertainment-electronic empire

Sony has appointed a company veteran as its president to lead the Japanese electronics and entertainment conglomerate through times of change

The Independent UK

Chipmaker Qorvo Beats Quarterly Targets But Guides Low

Chipmaker Qorvo handily beat expectations for its fiscal third quarter but it badly missed views with its outlook.

Investors Business Daily

Adani shares nosedive as Indian tycoon drops down rich list

Mumbai (AFP) - Shares in Gautam Adani's empire nosedived again on Wednesday as the Indian tycoon dropped off the Forbes top 10 rich list following allegations of massive accounting fraud.

AFP

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Share sale fails to halt Adani market slide in India

Mumbai (AFP) - A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani's business empire for a fifth day on Wednesday after allegations of massive accounting fraud from a short-seller investment group.

AFP

South Korea logs record trade deficit as tech demand falls

South Korea has logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged

The Independent UK

AMD Stock Rises As Data Center Business Drives Fourth-Quarter Beat

Advanced Micro Devices cleared Wall Street's hurdles for the fourth quarter but set a lower bar for the current period.

Investors Business Daily

These 4 Semiconductor Stocks Are Hot Buys Right Now

Despite the supply chain issues spurred by U.S.-China tensions, the semiconductor industry’s growth prospects appear bullish due to increased demand and usage across various sectors and growing federal and corporate spending. Hence, fundamentally sound semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), Photronics (PLAB), and Xperi (XPER) could be solid buys…

StockNews.com

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Large investors pull Adani's $2.5 bn share sale through after stock rout

Mumbai (AFP) - Adani Group's ambitious share sale exceeded its subscription targets Tuesday in a relief for the Indian conglomerate, which is reeling from allegations of "brazen" corporate fraud that wiped more than $65 billion off its value.

AFP

Chipmaker Allegro MicroSystems Posts Beat-And-Raise Quarterly Report

Chipmaker Allegro MicroSystems beat Wall Street's targets for its fiscal third quarter and guided higher for the current period.

Investors Business Daily

Infosys: firm founded by Rishi Sunak’s father-in-law in UK tax dispute

HMRC and the Indian IT services firm disagree over corporation tax bill of about £20m

The Guardian - UK

Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

The Independent UK

Samsung’s Profit Plummets amid Global Economic Woes

Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips. The company’s operating profit of 4.3 trillion won ($3.5 billion) for the three months through December fell 69% from a year…

Asharq Al-Awsat

Samsung quarterly profits plunge to 8 year low on demand slump

Seoul (AFP) - Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.

AFP

NXP Semiconductors Tops Views On Automotive Chip Sales Growth

NXP Semiconductors beat estimates for the fourth quarter thanks to a surge in automotive chip sales. But it guided lower.

Investors Business Daily

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AFP

Adani fails to stem stock rout at Indian business empire

Mumbai (AFP) - Gautam Adani's vast Indian business empire lost billions more dollars in value on Monday after its rejection of claims of widespread fraud failed to reassure investors.

Investors Business Daily

NXP Semiconductors Stock Showing Improved Price Strength

NXP Semiconductors shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

The Street

Stocks Edge Lower, Intel, Chevron, Visa, Bed Bath & Beyond In Focus - Five Things To Know

Stocks futures slip lower with earnings, inflation in focus; Intel tumbles after surprise Q4 loss, grim chip sector outlook; Chevron earnings up next after $75 billion buyback reveal; Visa shares higher after solid Q4 powered by travel spend and Bed Bath & Beyond nears bankruptcy as JPMorgan calls in loan.

Bangkok Post

Donation of computer desktops to needy rural schools in coordination with Bangkok Post Foundation

ManpowerGroup, the leading global workforce solutions company, recently donated thirty computer desktops to needy rural schools in Phetchaburi province.

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The Independent UK

Adani Group mulls suing US short-seller for fraud claims

India’s Adani Group has launched a share offering for retail investors and says it is considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week

Investors Business Daily

Nvidia Stock Nears Profit Goal Amid Investor Excitement Over AI

After a tough 2022, Nvidia stock is staging a big rally. Nvidia earnings were better than feared. Is NVDA stock a buy?

StockNews.com

3 Chip Stocks to Buy This Week for Under $100

While demand for chips remains subdued due to broader macroeconomic concerns, the industry is well-positioned for growth with increasing applications of chips. Therefore, it could be wise to invest in fundamentally strong chip stocks Taiwan Semiconductor Manufacturing Company (TSM), Photronics (PLAB), and Xperi (XPER), which are trading under $100. Keep…

Caixin Global

Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

Lu Jun, who headed the firm in charge of the country’s biggest state-run chip investment vehicle, is suspected of taking bribes, embezzling public funds and abusing his position

Investors Business Daily

Taiwan Semiconductor Stock Trying To Close In On Key Technical Benchmark

Taiwan Semiconductor ADR shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

StockNews.com

1 Semiconductor Stock You Should Buy Now

Despite facing inflationary headwinds and demand softness lately, semiconductor foundry major Taiwan Semiconductor Manufacturing Company (TSM) remains well-positioned to gain from the increasing demand for high-performance chips. Thus, we think it could be wise to buy the stock now. Read more….

Al Jazeera

Biden, Dutch PM Rutte discuss China, Ukraine at White House meet

Meeting comes as US has sought support for export controls to limit Beijing’s access to advanced computer chips.

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