Intel

Intel Corporation ( INTC ) shares rose more than 8% during Friday's session after the chip giant posted better-than-expected fourth quarter financial results after Thursday's close. Revenue rose 8.3% to $20.21 billion, beating consensus estimates by $980 million, and GAAP net income rose to $1.58 per share, beating estimates by 35 cents per share. Strong client computing and data center revenue helped offset Internet of Things (IoT), non-volatile memory, and programmable solutions weakness. The chip maker expects 2020 revenue to hit $73.5 billion with net income of $5.00 per share and 33% operating margins . Analysts had a mixed reaction to the fourth quarter results. Cowen & Co. raised its price target on Intel shares from $55 to $64, citing the potential for strong PC and server demand along with capacity-constrained mix to drive margin and revenue upside. Loop Capital downgraded Intel stock from Hold to Sell but raised its price target from $50 to $59, citing … [Read more...] about Intel Stock Extends Rally After Bullish Earnings and Outlook

Share to Twitter Share to Linkedin TSMC's Morris Chang It was 2005, and Morris Chang, at age 74, had earned his retirement: the global economy had bounced back from a postmillennial downturn, and his Taiwan Semiconductor Manufacturing, or TSMC, was back leading a wave of change in the electronics industry. Before the 1980s suppliers of chips for everything from computers to radios mostly spent big sums to design chips themselves and churn them out in their own factories. Chang in the middle of the decade came up with a niche: specialized factory services (also called a "foundry") for companies willing to outsource manufacturing to an unknown Taiwan company. The option erased an enormous financial barrier to entry for engineer entrepreneurs, led to a wave of innovations and lower costs for consumers, and created fortunes for young outfits such as Qualcomm and Broadcom . Older industry giants like Philips and AMD turned to TSMC, too. … [Read more...] about Ageless And Peerless In An Era Of Fabless

MANILA, Philippines — Nine individuals facing murder and other charges have been arrested in the latest round of anti-criminality law enforcement operations in Siasi town of Sulu, the Philippine National Police (PNP) said on Thursday. According to PNP’s Public Information Office (PNP-PIO), the following individuals were arrested in Siasi’s Barangay Tulling: Abdurahman Iskan Aburan Gabir Iskan Abdurakman Erancis Iskan Abdurakman Kerwin Iskan Abdurakman Denis Iskan Abdurakman Ferdinand Iskan Abdurakman Rhidzwin Iskan Abdurakman Ibsal Elol Ibba Aljhon Baladji Ismael No details have been given as to what specific incident they were charged for, but the PNP-PIO said that the nine individuals are also wanted for frustrated murder and attempted murder raps. PNP officer-in-charge Lt. Gen. Vicente Danao said that the operation, which was done with the joint efforts of the Siasi Municipal Police Station and the 2nd Provincial Mobile Force Company of the Sulu Police … [Read more...] about PNP captures 9 individuals with murder charges in Sulu

Share to Twitter Share to Linkedin Momentum in Taiwan to build itself into a world-leading hub for technology research and development “is waning or has even come to a halt in some cases,” the American Chamber of Commerce in Taiwan said in an annual report on Wednesday. “Our members feel that the momentum to mold Taiwan into a world-leading hub of technological and medical research and development, industrial innovation, and digital transformation, as well as an attractive location for foreign investment in a range of industry sectors, is waning or has even come to a halt in some cases,” AmCham said in a statement. “Now is not the time for Taiwan to rest on its laurels, our committees argue, especially as the island finds itself in a ‘golden moment’ of international attention, support, and goodwill.” The group called on government officials “to step up efforts to raise Taiwan’s international competitiveness. It must also do more to accelerate … [Read more...] about Taiwan’s Momentum As Tech Hub “Waning,” AmCham Taiwan Says

By Seth Matlins Managing Director, Forbes CMO Network T o mark the 10th Anniversary of the Forbes World’s Most Influential CMOs list, we have created The Forbes CMO Hall of Fame, recognizing those chief marketers who have appeared, or would have in 2022, on the list at least five times since its inception. Moving forward, on what would be the fifth year of a CMO’s inclusion on the list, they, too, will become part of The Forbes CMO Hall of Fame. For our initial 18 inductees—and all those who will follow in time—induction recognizes their enduring influence and impact on the brands and businesses they steward, on our industry and, often, the cultural landscape itself. With a nod to the astrological definition of “influence” offered in the first paragraph, these are marketing’s stars. But unlike those ethereal and distant bodies that had imagined influence over our lives, these Hall of Famers have exerted an influence that is concrete and often profound. We salute them. … [Read more...] about Introducing The Forbes CMO Hall Of Fame

Legislation proposed for the Bipartisan Innovation Act would reportedly allow the government to review corporate investments to China in order to protect American industries the government considers vital to U.S. national security, according to The Wall Street Journal. The U.S.-China Business Council, an organization which counts over 250 American companies as members, told The Daily Caller News Foundation that the legislation may actually harm the U.S. economy. Pastor Bob Fu, president of the human rights organization ChinaAid, told TheDCNF that the U.S.-China Business Council is a “pro-CCP interest lobbying group” and “partially responsible” for the “ongoing supply chain disaster.” Major American businesses and trade groups are fighting newly proposed legislation intended to protect U.S. industries deemed critical to national security from China. A bipartisan group of senators and representatives proposed legislation for inclusion within the Bipartisan Innovation Act … [Read more...] about Big Business Fights Bill Intended To Stop Selling America Out to China

The gold futures contract and gold mining stocks may have topped out after a historic uptrend that lifted the yellow metal to an all-time high above $2,000. Stabilization in the world economy and its beneficial effect on the bond market predict growing headwinds for gold bugs in coming weeks, perhaps offering a buying opportunity when the dreaded second wave of the pandemic makes an unwelcome appearance this fall and winter. Ket Takeawasy The gold futures contract may have topped out above $2,000. Gold miners are unlikely to post new highs until the futures contract rallies above the recent high. The yellow metal may offer a low-risk buying opportunity if a second wave of COVID-19 hits with lethal force this fall and winter. Big cyclical highs posted in prior years represent major resistance levels that can take a long time to overcome, if at all. Just look at price action in big tech names that topped out when the internet bubble burst in 2000. It took more … [Read more...] about Gold May Have Topped Out After Historic Uptrend