Auto Industry

15 Aug

Applied Materials Forecast Meets Estimates as AI Fuels Growth

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, artificial intelligence, Auto Industry, Earnings, Gary E Dickerson, INTEL CORP, NXP SEMICONDUCTORS NV, SAMSUNG ELECTRONICS CO LTD, software, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Applied Materials Inc., the largest US maker of chip-manufacturing equipment, delivered an in-line sales forecast that disappointed investors who’d been looking for a bigger payoff from artificial intelligence spending. Fiscal fourth-quarter sales will be about $6.93 billion, the company said in a statementBloomberg Terminal Thursday. That matched the average analyst estimate, according to data compiled by Bloomberg. Profit, minus certain items, will be roughly $2.18 a share. Analysts were projecting $2.15 for the period, which runs through October. Source link lol

09 Aug

Italy Makes Cybersecurity Demands in Talks on Chinese Auto Plant

stp2y0 CommentsRAG modelsAuto Industry, Automotive, business, cybersecurity, DONGFENG MOTOR GRP CO LTD-H, electric vehicles, europe, free, Government, Italy, Jinping Xi, Technology

Italy is demanding Dongfeng Motor Group Co. agree to safeguards on cybersecurity and data protection as the price of support for a new plant by the Chinese automaker, according to people familiar with the matter.As talks advance with Dongfeng, Prime Minister Giorgia Meloni’s government is requiring components such as infotainment units be provided by local suppliers for security reasons, the people said, asking not to be identified discussing confidential negotiations. Italian officials also want consumer data to be collected and managed within the country, they said. Source link lol