Pegatron chairman expects AI to bring multi-billion business opportunities

Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small and medium-sized businesses online in India and expects to export $10 billion worth of India-made goods by 2025......»»

CMC Magnetics will complete the acquisition of Verbatim by the end of 2019, expecting the Japan-based storage solution provider to bring in additional revenues of NT$6 billion (US$195 million) in 2020, according to company chairman Robert Wong......»»

Sunrise Communications believes it will win backing to raise $4.1 billion to complete its takeover of Liberty Global's Swiss business UPC, Chairman Peter Kurer told shareholders on Wednesday......»»

The IT supply chains are facing both challenges and opportunities in 2018 and there is no reason for makers to feel pessimistic about business prospects for the second half of the year, according to Pegatron chairman TH Tung......»»

Qualcomm Inc said Thursday it expects to bring in more than $1 billion in sales this fiscal year from semiconductor chips from smart watches, connected speakers and other devices outside its core business of chips for mobile phones......»»

Foxconn Technology (Hon Hai) will see only limited impact of component shortages and its EV business will advance further after entering into cooperation with US-based EV vendor Fisker, according to company chairman Young-Way Liu......»»

The automaker still expects to bring in between $10 billion and $11 billion in adjusted pretax profit this year, desp.....»»

Chipmakers are set to roll out Wi-Fi 6E chip solutions in the second half of the year, bringing new business opportunities for IC test and certification labs including Sporton International......»»

Assurant Inc. announced Tuesday an agreement to sell Global Preneed, its prearranged funeral insurance and final expense business, for $1.3 billion in cash to CUNA Mutual Group. The risk management company expects to use three-quarters.....»»

CAE Inc. announced Monday an agreement to buy L3Harris Technologies Inc.'s military training business for $1.05 billion. CAE expects the deal to add to earnings in the first full year after.....»»

A multi-billion dollar global investment manager based in New York is looking to grow its office presence in North Texas, sources with knowledge of the deal told the Dallas Business Journal......»»

Shares of Pfizer Inc. were up 0.1% in premarket trading on Tuesday after the drugmaker said the COVID-19 vaccine it developed with BioNTech SE is expected to generate about $15 billion in sales in 2021. BioNTech's shares gained 0.6% in the pr.....»»

Tiffany Trump announced her engagement to Michael Boulos, the son of owners of a multi-billion d.....»»

Tatung, through transformation of business operation in five aspects, aims to increase annual consolidated revenues from about NT$20 billion (US$693 million) at present to NT$100 billion in 2025, according to new company chairman Ming-kuang Lu......»»

Electronic connector and cable maker ACES Electronics expects acquisition of US-based fellow maker Genesis to generate synergy to sharply boost its 2021 revenues to NT$10 billion (US$347 million), according to company chairman Iven Yuan......»»

U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus rescue loan program by next week, with community banks issuing most of the loans so far......»»

China's move to build more electric vehicle (EV)-use power charging piles and stations is likely to bring business opportunities for Taiwan-based components makers, according to industry sources......»»

Delta Electronics expects business in first-quarter 2020 to be impacted by the coronavirus outbreak, but the deferred demand will resume in the second quarter and shore up the company's sales, according to company chairman Yancey Hai......»»

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The two transactions bring Coastal Ridge to $2.5 billion in assets under management. By the end of this year it expects to grow that number to $3 billion......»»