Folding iPad coming in 2024

The world’s biggest iPhone factory, located in China and run by Foxconn, faced disruptions in 2022. That is likely to filter through to Apple’s December quarter results. Meanwhile, analysts questioned demand for the iPhone 14 from Chinese consumers. Nic Coury | Bloomberg | Getty Images Apple will slow the pace of iPad releases for the … Read more

Folding iPad will launch next year, top Apple analyst Kuo says

The world’s biggest iPhone factory, located in China and run by Foxconn, faced disruptions in 2022. That is likely to filter through to Apple’s December quarter results. Meanwhile, analysts questioned demand for the iPhone 14 from Chinese consumers. Nic Coury | Bloomberg | Getty Images Apple will slow the pace of iPad releases for the … Read more

Memory prices to weigh on profit

Samsung has faced pressure from plunging memory prices which has impacted its key profit driving DRAM and NAND business. Josep Lago | AFP | Getty Images Samsung’s profit could nosedive when it reports fourth-quarter earnings guidance this week as prices for key memory chips continue to plunge amid weak demand. Analysts expect Samsung to report … Read more

Carl Pei’s Nothing plans to launch smartphone in US to take on iPhone

The Nothing Phone (1). Nothing UK-based consumer tech company Nothing is setting its sights on the US, with ambitions of taking on Apple’s iPhone. The startup, the hardware venture of Carl Pei — co-founder of Chinese mobile phone maker OnePlus — is in early conversations with American carriers about launching a new smartphone in the … Read more

ASML stops US staff from servicing customers in China

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. US chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. Emmanuel Dunand | AFP | Getty Images ASMLone of the world’s most important semiconductor toolmakers, … Read more

Samsung profit plunges in Q3 as chipmakers feel the bite

Samsung is facing headwinds from a global slump in demand and prices for its memory chips, sales of which make up a large part of the South Korean technology giant’s business. Olly Curtis | Future | Getty Images Samsung said Friday its operating profit likely plunged 32% in the third quarter of the year as … Read more

Samsung aims to triple production for most advanced chips by 2027

Samsung said it will begin making chips with a 2 nanometer process in 2025 and a 1.4 nanometer process in 2027. These would be some of the most advanced semiconductors in the world. Samsung is in a race to catch up with market leader TSMC. SeongJoon Cho | Bloomberg | Getty Images Samsung said Tuesday … Read more

Semiconductor alliances between the US and Asia could hold back China

Leading chipmaking nations including the US are forming alliances, in part to secure their semiconductor supply chain and to stop China from reaching the cutting-edge of the industry, analysts told CNBC. Places including the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have looked to forge partnerships around the critical technology. … Read more

Tech investor Paul Meeks weighs in on Apple and Samsung

Investors have seemingly lost their appetite for tech stocks this year amid a flight to safety. Tuesday’s sell-off on Wall Street saw the six largest US tech companies shed more than $500 billion in market capitalization after a hotter-than-expected August inflation report sent stocks tumbling. Top tech investor Paul Meeks is advising investors to stay … Read more

Morgan Stanley on market bottom and tech stocks, Nasdaq

Stocks have broadly rallied in July, with the Nasdaq bouncing off earlier declines. And Wall Street is debating if markets have hit the bottom yet. Growth stocks such as tech have slumped broadly this year on the back of monetary tightening, recession and other risks. And Morgan Stanley in an Aug. 3 report warned that … Read more