taiwan - CybAI news

16 Aug

Taiwan Turns Less Upbeat on Exports in Lowering Economic Outlook

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Economic Growth, Exports, GDP, Government, jobs, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Wealth

Taiwan revised down its estimate for economic growth in 2024 after three straight upgrades, projecting a smaller increase in exports but remaining optimistic about overseas demand for artificial intelligence-related products.Gross domestic product is set to expand 3.9% this year, down from a previous estimate of 3.94% by the statistics bureau in May, according to a statement on Friday. In the first projection of next year’s growth, it said GDP will grow 3.26%. Source link lol

14 Aug

In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, Asia, Bonds, Equity Capital Markets, Hedge Funds, QUANTA COMPUTER INC, taiwan, Technology, UBS GROUP AG-REG, US Dollar Spot

A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments. Source link lol

07 Aug

Coupang Posts First Loss Since 2022 as Farfetch Deal Saps Profit

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bom Suk Kim, COUPANG INC, E-commerce, Earnings, Government, PDD HOLDINGS INC, regulation, South Korea, taiwan, Technology

Coupang Inc. posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in its core e-commerce business.South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an average estimate for a loss of $11.7 million. Excluding Farfetch and a fine from the Korean authorities, Coupang’s second-quarter net income came to about $124 million, it said in a statementBloomberg Terminal. Source link lol

07 Aug

Super Micro’s Weak Profit Fuels AI Server Margin Anxieties

stp2y0 CommentsRAG modelsartificial intelligence, DELL TECHNOLOGIES -C, Executives, HEWLETT PACKARD ENTERPRISE, Ho Jin, San Jose, software, SUPER MICRO COMPUTER INC, taiwan, Technology, Wall Street

Super Micro Computer Inc. fell more than 10% in extended trading after reporting quarterly revenue and profit that missed analysts’ estimates, outweighing an annual sales outlook that was billions above Wall Street projections.Profit, excluding some items, was $6.25 a share in the period ended June 30, the company said Tuesday in a statementBloomberg Terminal. That’s short of Super Micro’s previous forecast and the $8.25 average analyst estimate. Sales were $5.31 billion, compared with an average projection of $5.32 billion, according to data compiled by Bloomberg. Source link lol

06 Aug

TSMC Named Top Pick at Morgan Stanley After Record Selloff

stp2y0 CommentsRAG modelsEarnings, Emerging Markets, finance, Markets, MORGAN STANLEY, Stock Index, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Utilities, Valuation

Taiwan Semiconductor Manufacturing Co. is being touted as a “top pick” by Morgan Stanley after its shares plunged by a record Monday amid the global stock rout.“We like TSMC’s quality and defensive nature during an elongated semi downcycle,” Morgan Stanley analysts including Charlie Chan wrote in a note published Monday. The stock is trading at 16 times projected earnings estimates for 2025, a valuation the analysts say is “attractive again.” Source link lol

01 Jul

Google invests in Taiwanese solar company to boost green energy

stp2y0 CommentsNewsClimate, google, news, solar, sustainability, taiwan, tomorrow

Google is investing in a Taiwanese solar company with plans to build a 1 gigawatt (GW) pipeline of sustainable energy in the region. The company is placing a stake in New Green Power (NGP), part of BlackRock’s investment portfolio, for the project. The move could help Google and Taiwan move closer to their climate goals while stabilizing green energy production in one of the most crucial semiconductor hubs of our new AI-infused world.Google already has a significant presence in Taiwan, including a data center. According to Amanda Peterson Corio, Google’s global head of data center energy, fossil fuels currently generate…