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The Latest Breaking News on Asian tech

Large investors pull Adani's $2.5 bn share sale through after stock rout

Mumbai (AFP) - Adani Group's ambitious share sale exceeded its subscription targets Tuesday in a relief for the Indian conglomerate, which is reeling from allegations of "brazen" corporate fraud that wiped more than $65 billion off its value.

AFP

Chipmaker Allegro MicroSystems Posts Beat-And-Raise Quarterly Report

Chipmaker Allegro MicroSystems beat Wall Street's targets for its fiscal third quarter and guided higher for the current period.

Investors Business Daily

Infosys: firm founded by Rishi Sunak’s father-in-law in UK tax dispute

HMRC and the Indian IT services firm disagree over corporation tax bill of about £20m

The Guardian - UK

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Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

The Independent UK

Samsung’s Profit Plummets amid Global Economic Woes

Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips. The company’s operating profit of 4.3 trillion won ($3.5 billion) for the three months through December fell 69% from a year…

Asharq Al-Awsat

Samsung quarterly profits plunge to 8 year low on demand slump

Seoul (AFP) - Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.

AFP

NXP Semiconductors Tops Views On Automotive Chip Sales Growth

NXP Semiconductors beat estimates for the fourth quarter thanks to a surge in automotive chip sales. But it guided lower.

Investors Business Daily

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Adani fails to stem stock rout at Indian business empire

Mumbai (AFP) - Gautam Adani's vast Indian business empire lost billions more dollars in value on Monday after its rejection of claims of widespread fraud failed to reassure investors.

AFP

NXP Semiconductors Stock Showing Improved Price Strength

NXP Semiconductors shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

Investors Business Daily

Stocks Edge Lower, Intel, Chevron, Visa, Bed Bath & Beyond In Focus - Five Things To Know

Stocks futures slip lower with earnings, inflation in focus; Intel tumbles after surprise Q4 loss, grim chip sector outlook; Chevron earnings up next after $75 billion buyback reveal; Visa shares higher after solid Q4 powered by travel spend and Bed Bath & Beyond nears bankruptcy as JPMorgan calls in loan.

The Street

Donation of computer desktops to needy rural schools in coordination with Bangkok Post Foundation

ManpowerGroup, the leading global workforce solutions company, recently donated thirty computer desktops to needy rural schools in Phetchaburi province.

Bangkok Post

Adani Group mulls suing US short-seller for fraud claims

India’s Adani Group has launched a share offering for retail investors and says it is considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week

The Independent UK

Nvidia Stock Nears Profit Goal Amid Investor Excitement Over AI

After a tough 2022, Nvidia stock is staging a big rally. Nvidia earnings were better than feared. Is NVDA stock a buy?

Investors Business Daily

3 Chip Stocks to Buy This Week for Under $100

While demand for chips remains subdued due to broader macroeconomic concerns, the industry is well-positioned for growth with increasing applications of chips. Therefore, it could be wise to invest in fundamentally strong chip stocks Taiwan Semiconductor Manufacturing Company (TSM), Photronics (PLAB), and Xperi (XPER), which are trading under $100. Keep…

StockNews.com

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Caixin Global

Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

Lu Jun, who headed the firm in charge of the country’s biggest state-run chip investment vehicle, is suspected of taking bribes, embezzling public funds and abusing his position

Investors Business Daily

Taiwan Semiconductor Stock Trying To Close In On Key Technical Benchmark

Taiwan Semiconductor ADR shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

StockNews.com

1 Semiconductor Stock You Should Buy Now

Despite facing inflationary headwinds and demand softness lately, semiconductor foundry major Taiwan Semiconductor Manufacturing Company (TSM) remains well-positioned to gain from the increasing demand for high-performance chips. Thus, we think it could be wise to buy the stock now. Read more….

Al Jazeera

Biden, Dutch PM Rutte discuss China, Ukraine at White House meet

Meeting comes as US has sought support for export controls to limit Beijing’s access to advanced computer chips.

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StockNews.com

3 Semiconductor Stocks You Can Buy and Hold Forever

While the demand for semiconductors has damped over the past months, increasing investments and technological advancements should keep the industry afloat in the long run. Therefore, fundamentally strong semiconductor stocks Taiwan Semiconductor Manufacturing (TSM), STMicroelectronics (STM), and Photronics (PLAB) might be solid buy-and-hold options. Keep reading.

Reuters

Biden administration imposes China chip curbs on Macau

The Biden administration on Tuesday hit Macau with sweeping new export controls it previously imposed on shipments of advanced chips and chipmaking equipment to Beijing, flagging the risk that the technology could be diverted from the region to the rest of China.

The Independent UK

Biden to host Netherlands PM for talks on tech, Ukraine

President Joe Biden is set to host Dutch Prime Minister Mark Rutte for talks

Tribune News Service

Econometer: Should the US subsidize chip making?

U.S. lawmakers approved about $76 billion in government subsidies this summer for American semiconductor production.

Reuters

Dutch PM Rutte denies U.S. pressure over chip export policy

The Netherlands is not feeling pressured by Washington to adopt new U.S. rules further restricting semiconductor technology exports to China, Dutch Prime Minister Mark Rutte said on Friday.

Bangkok Post

Metro banking on online channels for market share

Metro Machinery Co Ltd Group, Thailand's sole authorised dealer of heavy machinery brand Caterpillar, is expanding its business through online channels, aiming to achieve 36 billion baht in total sales this year.

The Street

Will Nvidia Stock Fall 15% or Rally 15% From Here?

Nvidia stock has had a strong rally off the lows. Can it continue to push higher or are lower prices in order?

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