Chip parts supplier Siltronic’s profit falls on high client inventories
German semiconductor equipment supplier Siltronic (WAFGn.DE) reported a 27.5% decline in first-quarter core profit on Thursday, following a recent adjustment of annual targets in response to persistently high customer inventories.
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Apple’s iPadOS subject to tough EU tech rules, EU says
Apple’s new operating system for iPads has been classified as a gatekeeper by EU antitrust regulators due to its significance for business users, according to the European Commission.
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Tesla’s Challenging Journey: Profit Decline and Innovative Moves
Tesla recently disclosed a significant drop in profits for the first quarter of the year, with earnings plummeting to $1.13 billion, a notable decline from $2.51 billion in 2023.
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US commerce secretary downplays chip in advanced Huawei phone
The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working.
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