Companies

The U.S. President Joe Biden signs the CHIPS and Science Act of 2022, on the South Lawn of the White House in Washington, DC on August 9, 2022. [AFP/YONHAP] The United States is pushing foreign chip makers to disclose sensitive business data, including yield rates, to receive subsidies under the CHIPS and Science Act. Onerous is the requirement that some companies might decide not to apply for funding. The yield rate, the amount of a silicon wafer that is successfully made into dies, is considered a key indicator to determine a chip producer's manufacturing capabilities. It is often confidential. Other required information includes production capacity for each wafer, operation rates, estimated production yields, semiconductor prices on first-year production, annual production figures and the increase or decrease rate of the cost. All of the information need to be submitted as Excel files. It can be used to verify the final numbers and the calculation process, the U.S. … [Read more...] about Korean companies may walk away from CHIPS Act money

Share to Twitter Share to Linkedin As the way we live, operate and work start to change for good in the new century, organizations are searching for ways to become more future-ready . CEOs are fiercely pushing the dial on several organizational elements with the intention to make numbers grow while CHROs are working diligently to meet changing requirements without breaking the system. The question continues to linger in the back of today’s professional’s minds is whether one can actually transform organizations at the edge of chaos by simply pushing forward. Despite the efforts, research suggests the business-as-usual approach rather results in an organizational paralysis filled by thousands of confused and consumed people being pulled and pushed in multiple directions. Therein lies the current challenge for practitioners: Today’s organizations are set up with traditional structures, operating and management tactics such as coordination, hierarchy, matrix, … [Read more...] about Companies At The Edge Of Chaos: Why HR Must Embrace Data Beyond Surveys To Reinvent Organizations

Daqo New Energy Corp., a maker of silicon and polysilicon products used primarily in solar energy applications, tops the list of stocks offering the best value in the tech sector heading into April. In the growth category, 3D printing firm Nano Dimension Ltd. leads the way, while chip testing provider Aehr Test Systems is the tech stock with the most momentum. In March, the U.S. Federal Reserve raised interest rates for the ninth time in a year. The latest increase comes in the midst of a banking crisis triggered by the collapse of tech-friendly Silicon Valley Bank and Signature Bank. Since tech companies are sensitive to higher interest rates, stocks in the sector have struggled throughout the Fed's anti-inflation campaign. Tech stocks, represented by the Technology Select Sector SPDR Fund ( XLK ), lost a tenth of their value in the past year, compared with a 14% drop in the Russell 1000 Index. Despite the challenging environment, the companies listed here are leading the … [Read more...] about Top Tech Stocks for April 2023

Key Takeaways Tesla lowered the prices of its most expensive models for the second time this year. The price cuts come just days after investors expressed disappointment the company didn't unveil a new model at last week's investor day. The average price for a new Tesla has fallen by half in the past five years; the least expensive models now account for 95% of sales. Other automakers could follow amid gloomy profit forecasts. Shares of Tesla fell as much as 2% today after the company reduced U.S. prices of its most expensive models. Tesla cut the prices of its Model S sedan by 5% to $89,990 from $94,990 and its Model X SUV by 9% to $99,990 from $109,990. The company also reduced the upscale Plaid versions of each model to $109,990, down $5,000 and $10,000, respectively. The price reductions came days after investors expressed disappointment that Tesla didn't unveil a lower-priced model at its first-ever investor day . They also follow cuts of up to 20% on … [Read more...] about Tesla Cuts US Prices on Most Expensive Models

The market value of CEO Elon Musk's electric vehicle (EV) company Tesla Inc. ( TSLA ) has rebounded by almost 92% and $29 billion from its 52-week low on June 3, 2019, on forecasts of rising profits and market share. Moreover, the outlook for Tesla in China, the world's largest vehicle market, may be brightening as would-be competitors face obstacles. To reduce air pollution, China plans to become a world leader in electric vehicles. As a result, dozens of Chinese EV startups have raised over $18 billion, but this may represent a speculative bubble, Bloomberg   reports. Key Takeaways China plans to be a major player in electric vehicles (EVs). Billionaire Chinese tycoons are spending billions in the EV market. However, becoming profitable is an uphill climb. Meanwhile, Tesla has opened its first plant in China. Significance For Investors Among the billionaire Chinese business tycoons who spending big money to become big players in the Chinese EV market … [Read more...] about Why Tesla Is Rebounding as China’s Electric Car Market Faces Shakeout

Washington (CNN) Google should face court sanctions over "intentional and repeated destruction" of company chat logs that the US government expected to use in its antitrust case targeting Google's search business, the Justice Department said Thursday. Despite Google's promises to preserve internal communications relevant to the suit, for years the company maintained a policy of deleting certain employee chats automatically after 24 hours, DOJ said in a filing in District of Columbia federal court. The practice has harmed the US government's case against the tech giant, DOJ alleged. "Google's daily destruction of written records prejudiced the United States by depriving it of a rich source of candid discussions between Google's executives, including likely trial witnesses," the filing said. "We strongly refute the DOJ's claims," Google ( GOOGL ) said in a statement. "Our teams have conscientiously worked for years to respond to inquiries … [Read more...] about DOJ seeks court sanctions against Google over ‘intentional destruction’ of chat logs

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 28, 2023. REUTERS/Staff/File photo European shares rose on Wednesday, echoing an upbeat mood in Asian markets following Chinese tech giant Alibaba’s break-up plans, while strong outlook from chipmaker Infineon and a CEO change at Swiss bank UBS further aided the mood. The benchmark STOXX 600 index rose 0.7 percent, largely in line with gains in Asian equities. UBS Group AG gained 1.7 percent after the lender announced that Sergio Ermotti will take the helm to steer its takeover of smaller peer Credit Suisse. Credit Suisse climbed 1.4 percent, while financial services and banking indexes rose between 0.8 percent and 1 percent. “I can see why the market has stabilized and it’s true that there are some slightly comforting factors. The Fed (bets) have been repriced down quite aggressively in the past few weeks and investor positioning is very defensive,” said Vincent Chaigneau, … [Read more...] about European stocks get tech lift, UBS climbs on naming Ermotti as CEO

MANILA, Philippines  -Consunji-led DMCI Holdings Inc. pumped up cash dividends by 50 percent after a rally in commodity prices propelled 2022 profits of the conglomerate to a record high. DMCI said in a stock exchange filing on Wednesday it will pay a total of P9.56 billion in both regular and special cash dividends to stockholders. This was equivalent to 31 percent of core earnings and above the holding company’s dividend policy of paying out 25 percent of the past year’s profits. It is paying a total cash dividend of P0.72 per share common share on April 28 to stockholders on record as of April 27 this year, the filing showed. DMCI, which owns coal and power producer Semirara Mining and Power Corp., earlier said 2022 net income surged 69 percent to over P31 billion. Contributions from units, which include water services, property development, mining and construction, pushed up revenues by 32 percent to P142.6 billion. DMCI said contributions from Semirara last year … [Read more...] about DMCI increases cash dividends by 50% after record profit

NEW DELHI  -An Indian tribunal on Wednesday gave partial relief to Alphabet Inc’s Google by setting aside four of 10 antitrust directives in a case related to abuse of its dominant position in Android. The Competition Commission of India (CCI) said in October that Google had exploited its dominant position in Android and told it to remove restrictions imposed on device makers, including related to pre-installation of apps. It also fined Google $161 million. An Indian appeals tribunal on Wednesday said CCI’s findings of Google’s anti-competitive conduct were correct and the company was also liable to pay the fine, but it quashed four of the 10 antitrust remedies that had been imposed on Google to change its business model. Among the reliefs, Google will now not need to allow hosting of third-party app stores inside Play Store, as had been previously ordered by the CCI. The move will come as some relief for Google after India’s Supreme Court in January refused to suspend any of … [Read more...] about Google scores partial victory in Android antitrust case in India

Water concessionaire Maynilad Water Services Inc. (Maynilad) on Wednesday said water elevation in La Mesa Dam has been declining in the recent weeks, resulting in less available supply for its concession area. This forced East Zone concessionaire Manila Water Co. Inc. to gradually suspend cross-portal supply sharing with Maynilad, which would lessen water supply for millions of customers and prolong daily service interruptions beginning April 1. According to Maynilad, the Metropolitan Waterworks and Sewerage System (MWSS) will be sending a letter request to the National Water Resources Board (NWRB) for an increased allocation of 52 cubic meters per second from Angat Dam in  April to May. This is so both the Ipo and La Mesa Dams “can fully recover and more raw water is conveyed to the Novaliches Portal.” “With a higher raw water allocation, Manila Water would be more comfortable with sustaining the cross-portal sharing arrangement with Maynilad. It will also increase the volume … [Read more...] about Maynilad warns of declining water supply from La Mesa Dam