May 1 (Reuters) - Kulicke and Soffa Industries Inc :
* KULICKE & SOFFA ANNOUNCES SIZEABLE ORDER FOR ADVANCED BALL BONDING
* KULICKE AND SOFFA INDUSTRIES: ORDER OF 1,000 RAPID™ PRO SYSTEMS WILL BE FULFILLED OVER MULTIPLE QUARTERS STARTING FROM FOURTH FISCAL QUARTER OF 2024 Source text for Eikon: Further company coverage:
Chinese EV makers are pushing back against the idea that their success in making affordable cars is due to state help.
SINGAPORE/BEIJING (Reuters) -Two Chinese chipmakers are in the early stages of producing high bandwidth memory (HBM) semiconductors used in artificial intelligence chipsets, according to sources and documents. The progress in HBM - even if only in older versions of HBM - represents a major step forward in China's efforts to reduce its reliance on foreign suppliers amid tensions with Washington that have led to restrictions on U.S. exports of advanced chipsets to Chinese firms. CXMT, China's top manufacturer of DRAM chips, has developed sample HBM chips in partnership with chip packaging and testing company Tongfu Microelectronics, according to three people briefed on the matter.
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job. Junior banker Leo Lukenas III died of an acute coronary artery thrombus, a type of blood clot, the New York Office of the Chief Medical Examiner said last week. Lukenas said in mid-March that he wanted to leave Bank of America because of the grueling hours, Douglas Walters, a managing partner at GrayFox Recruitment, told Reuters in an interview.
The number of workers who plan to work full time beyond age 62 has fallen dramatically, dropping to 46% from 55% four years ago.
A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault factory outside Tangiers to vessels that transport them to European dealerships. Business incentives and investing in infrastructure like the freight railway line have allowed Morocco to grow its automotive industry from virtually non-existent to Africa's largest in less than two decades.
Charles Elson accused EV company of strong-arming law firm where he consulted over his legal brief opposing Musk’s pay
Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquistion Corp in a deal that should value the company around $400 million, the two companies said. The deal is a lifeline for Aiways, which halted production at its Shangrao plant last summer as a fierce EV price war in China squeezed automakers' margins. The company is among a group of struggling Chinese EV startups including WM Motors and Human Horizons that have suspended operations amid sluggish sales.
Supply constraints will gradually ease in the coming quarters
Oil prices settled lower on Tuesday, after U.S. data stoked concerns that interest rates may stay high, but potential risks to supply from Mideast tensions and wildfires in Canada put a floor under prices. U.S. producer prices increased more than expected in April, feeding fears the Federal Reserve may keep borrowing costs elevated to fight inflation. Fed Chair Jerome Powell said he expects U.S. inflation to keep declining through 2024 but warned he is less confident now, since prices rose more quickly than expected through the first quarter.
One of the easiest ways to set yourself up for a financially secure future is to contribute to your workplace retirement savings account -- but many women are not doing this. In fact, only 52% of...
Planemakers Airbus and Boeing need to put more pressure on their suppliers to reduce the delivery delays of new aircraft that are hindering airlines' ability to meet travel demand, Qatar Airways CEO said on Wednesday. "We are ... really trying our best to assist both Boeing and Airbus and try to find solutions for them to make sure they deliver," Badr Mohammed Al Meer said on a panel at the Qatar Economic Forum in Doha. Demand for air travel has rebounded since the pandemic, but planemakers are struggling to get back to previous production levels due to disrupted supply chains and a safety crisis at Boeing.
Most people assume the path to wealth lies in a lucrative job at a big, established corporation. While that can certainly be true in some cases, there are also many opportunities to make money and...
Tesla plans to lay off an additional 601 employees in California, it said in a notice to the state government, as the automaker undertakes a series of job cuts globally that began a month ago amid falling sales and intensifying price competition. Tesla CEO Elon Musk said on April 15 that the company would lay off more than 10% of its global workforce, which stood at over 140,000 in late 2023. The electric vehicle maker has conducted several rounds of job cuts since then, as Musk wanted to slash 20% of its headcount, according to people familiar with the matter.
Restaurant Brands New Zealand (NZSE:RBD) has had a rough three months with its share price down 9.3%. It seems that the...
State energy firm Pertamina and U.S. major ExxonMobil plan to conduct appraisal drilling for a carbon capture and storage (CCS) hub in Indonesia, with the companies signing an initial storage deal with South Korea's KNOC on Wednesday. Indonesia, which estimates its depleted oil and gas reservoirs and saline aquifers could provide storage for hundreds of gigatonnes of CO2, this year allowed CCS operators to set aside 30% of their storage capacity for imported carbon.
Although the definition of "middle class" has evolved over the years, the one thing that has remained constant is that middle-income earnings are not keeping up with inflation. According to government...
The video game industry has taken a hit as layoffs have affected multiple companies. Video game stocks like Electronic Arts (EA) and Take-Two Interactive (TTWO) remain down year-to-date, but is there optimism on the horizon for the industry? Wedbush Securities Managing Director Michael Pachter joins Yahoo Finance to give insight into the health of the gaming industry and what investors need to know when adding gaming picks to their portfolios. Pachter explains why Ubisoft (UBI.PA) is a Wedbush top pick in the gaming sector: "In that Activision-Microsoft (MSFT) merger, the UK regulators kind of stuck their nose in the middle of all of it, forced Activision to sell the global streaming rights to its content to somebody else and Ubisoft stepped in and astutely bought up those assets for not very much money. I think they're going to get big checks from Microsoft, growing every year for the next several years." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
Netflix (NFLX) has announced a deal to bring live-streamed NFL games to its platform. In a historic first, the entertainment giant will stream two live football games on Christmas Day as the company expands into the sports domain. Yahoo Finance's Alexandra Canal breaks down the details of this new venture. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
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