Stay updated with breaking news from Efinitiv. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Semiconductor equipment maker Applied Materials on Thursday forecast fourth-quarter results above market estimates on strong demand from chipmakers setting up new plants.
In late July came the news that the once mighty GARS fund was to close, and with it another checkered episode in the history of UK fund management.
"We are incurring significant factory start-up costs relating to facilities that we are constructing or expanding that have not yet started revenue-generating production," Wolfspeed said.
Sqm: "The positive impact of significantly higher sales volumes during the second quarter of 2023 was partially offset by lower average selling prices compared to the same period last year," the company said
Target: The retailer, which largely sells non-essential items like electronics and home decor, has taken a hit from a shift in the spending pattern of consumers, who prefer services and experiences over such products while focusing more on groceries.