Chip results augur more tech gloom as slowing China weighs

The S&P 500 and Nasdaq indexes rose on Monday as technology stocks were bolstered by signs of progress in resolving the prolonged U.S.-China trade dispute, while losses in Boeing capped gains in the blue-chip Dow Jones Industrials......»»

U.S. stocks rose on Tuesday as Netflix spurred a rally in technology and internet stocks and UnitedHealth posted strong results, while hopes of more stimulus for China's slowing economy encouraged buying in risky assets......»»

Chipmaker Texas Instruments' mixed results and a warning from Apple come on the heels of China's slowing economy. Fred Katayama reports......»»

read more.....»»

Taiwan Semiconductor Manufacturing Co Ltd , the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration's efforts to wrestle global tech supply chains back from China......»»

BAODING, China, May 14, 2020 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE:ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North Chin.....»»

U.S. stocks mostly fall Monday morning as investors contend with states’ reopenings amid signs of brewing conflict between China and the U.S. over Beijing’s handling of the coronavirus outbreak, which was first identified in Wuhan......»»

BAODING, China, March 23, 2020 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE:ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Speaking at a high-tech forum held in Shanghai, Semiconductor Manufacturing International (SMIC) co-CEO Zhao Haijun remarked that China's IC foundry sector will stage a recovery in 2020 driven by chip demand for 5G related devices......»»

Chinese handset vendor Oppo is currently developing a mobile processor in house, and the chip, dubbed M1, is an auxiliary processor, according to a China-based tech.qq.com report, citing company sources......»»

LED chip maker Opto Tech expects shipments for fine-pitch LED displays in 2019 to increase 30% on year due to strong demand from the North America and Europe markets mainly arising from US-China trade disputes, according to the company......»»

A disappointing forecast in August, hinting at weakness in China and corporate tech-spending, pushed Cisco Systems Inc. shares down. The question when Cisco reports its performance against that forecast this week is whether the trend will continue......»»

BAODING, China, Nov. 7, 2019 /.....»»

When Alphabet released its third-quarter financial results after the markets closed on Monday, the tech giant said that it had $10.12 in earnings per share (EPS) and $40.50 billion in revenue. That........»»

Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, easing concerns about slowing chip demand amid the U.S.-China trade war......»»

The S&P 500 and Nasdaq indexes rose on Thursday, getting a boost from Microsoft and PayPal's strong earnings, but poor results from 3M pushed the blue-chip Dow Jones index into the red......»»

Wall Street struggled for direction on Friday as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years, with Johnson & Johnson also weighing on the blue-chip Dow index......»»

REUTERS/Aly Song China's economy grew at 6% between July and September — the slowest growth rate since 1992. Much of this was down to slowing demand from abroad, as the trade war weighs on Chinese p.....»»

European consumer goods giants Unilever and Nestle both reported slowing sales growth in China as the pair posted mixed results......»»