ASMI does not foresee any problems with tightened export restrictions
For the time being, ASMI does not foresee any problems when export restrictions to China are tightened.
That's what CEO Benjamin Loh of the Dutch supplier of machines for the production of semiconductors tells the Financieele Dagblad (the Dutch equivalent of the Financial Times). According to t... Read more
AMD grows hard in the datacenter at the expense of Intel
AMD was able to post sales totalling 5.1 billion euros ($5.6 billion) for the fourth quarter of 2022. AMD EPYC processors for datacenter environments were particularly in demand, which therefore contributed significantly to this result.
The chip giant was able to record sales totaling $5.6 billi... Read more
Intel records hefty revenue drop in 2022
Intel's annual figures are out. Revenue staggered over 2022. The chip giant said it expects a setback in the first quarter of 2023.
Intel generated €58 billion ($63.1 billion) in revenue in all of 2022. The figure is down 20 percent from 2021, when $79 billion in sales was credited to the boo... Read more
ASML faces 2023 with confidence
In spite of chip export bans and international turmoil, ASML is optimistic about this year's sales. The organization showed confidence during the presentation of its most recent quarterly and annual figures.
The chip industry giant generated sales of €6.4 billion in the fourth quarter of last... Read more
ASM International records higher-than-expected quarterly results
Netherlands-based chip manufacturer ASM International booked higher-than-expected results in the fourth quarter of last year. Sales totalled about €720 million instead of the €660 million forecasted.
According to the organization, the additional revenue was due to improved supply chain condi... Read more
Sumo Logic exceeds expectations for sixth quarter in a row
Sumo Logic's share price rose more than 11 percent after the company's third-quarter results exceeded Wall Street's expectations. The numbers feed a positive outlook for the fourth quarter.
Sumo Logic offers a cloud-based platform for observability and app performance management. The firm recent... Read more
GitLab posts solid third-quarter results
GitLab posted solid results for the third quarter of this year. Revenue totalled €108 million ($113 million). DevOps professionals continue to value the company's software.
GitLab managed to book €108 million ($113 million) in sales in the third quarter of 2022, up 69 percent from the same p... Read more
Co-CEO Taylor leaves Salesforce, Benioff stands alone
Salesforce co-CEO Bret Taylor is stepping down at the end of January 2023. Marc Benioff will become the sole CEO.
The precise reason for Taylor's departure was not disclosed. Salesforce did emphasize that the executive is leaving on his own initiative. Taylor, who has been responsible for Sales... Read more
HP announces mass layoffs amid market slump
Market conditions prompted HP to significantly cut its global workforce. The organization announced a round of layoffs affecting up to 10 percent of its personnel.
The PC market is in a slump. Various manufacturers posted disappointing quarterly results. HP is feeling the pressure. The organizat... Read more
VMware posts increase in SaaS and subscription revenue
VMware posted a slight increase in revenue in its third financial quarter. Total sales ($3.2 billion) were less than analysts expected. The organization is increasingly driven by revenue from SaaS solutions and subscriptions.
VMware recently announced its third fiscal quarter results. Revenue ro... Read more