Page 38 - Smc News Today

LINGAYEN, Pangasinan: Gov. Ramon Guico 3rd and San Miguel Corp. (SMC) President and Chief Executive Officer Ramon S. Ang on Thursday signed a joint venture agreement for the construction of the Pangasinan Link Expressway (PLEx), a tollway that would link eastern and western Pangasinan towns.

The Biden administration puts its foot down with more 'vigorous' sanctions, starts blocking China-exclusive NVIDIA H800 and A800 GPUs from China.

Asml Holding Nv: "The semiconductor industry is currently working through the bottom of the cycle and our customers expect the inflection point to be visible by the end of this year," Chief Executive Peter Wennink said in a statement.

Semiconductor equipment maker ASML Holding NV reported lower-than-expected orders on Wednesday and warned of flat sales next year as customers conserve cash against an uncertain economic backdrop, hitting its shares. Europe's largest technology firm said the semiconductor industry was probably near a trough but that "customers continue to be uncertain about the shape of the demand recovery ... we therefore expect 2024 to be a transition year". Customers are "being very caut...

SAN Miguel Corp. (SMC) on Tuesday, October 17, announced it is setting its sights on another ambitious goal: cleaning up and rehabilitating three major river systems and other tributaries and waterways throughout Metro Manila, Pampanga, Cavite and Bulacan.

Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 30% slump in third-quarter profit on Thursday but analysts predict robust growth next year as the chip industry emerges from its current downturn. Revenue for the quarter came in at around $17 billion, according to TSMC figures, down 20% from a year earlier and roughly the middle of the company's forecast range. Global demand for semiconductors began to weaken in the second half of last year, but analysts say inventories at...

Mitsubishi Corp: Fujitsu has put its 50% stake in Shinko Electric, worth around $2.6 billion at current market prices, on sale, other sources said. The bid has reportedly drawn interest from global buyout firms Bain Capital, KKR, Apollo Global Management, as well as government-backed Japan Investment Corp.

Comptroller lays out the price of a full-year continuing resolution if Congress can’t pass a 2024 budget.

TSMC Taiwan Chip Factory Protest: Taiwan Economy Minister Wang Mei-hua said the government would help TSMC with its land, water and power needs given that semiconductors are one of islands most important industries.

The restrictions further escalate the chip war, restricting the sale of more Nvidia products to China and requiring licenses to sell chips to certain countries.