» China-based Apple supplier Luxshare sets Hong Kong listing at top of range, raises over $3 billion
China-headquartered Luxshare Precision Industry said on Tuesday it had priced its Hong Kong listing at the top end of its marketed range, raising about HK$24.27 billion ($3.09 billion). Here are some of the details: • The Shenzhen-listed Apple supplier said the offer price was determined at HK$63.28 per H-share, and would sell 383.5 million shares. Luxshare wrote in its prospectus that the proceeds would be used to expand manufacturing capacity in automotive and consumer electronics, fund AI-driven factory upgrades, pursue acquisitions, repay debt and support working capital.
The semiconductor group will supply custom silicon components for multiple future Apple devices under a new agreement running through 2031.
Look for history to repeat itself with Apple's latest pullback.
SpaceX trading on Tuesday won’t have much to do with space or AI fundamentals. Elon Musk’s AI and space company is now in the Nasdaq-100, one of the best-known large-cap growth indexes that tracks the largest nonfinancial companies listed on Nasdaq. Being fast-tracked into the index reflects just how important privately held frontier AI companies, including OpenAI, Anthropic, and SpaceX before its June IPO, have become to the entire stock market.
Broadcom (AVGO) extended its long running chip supply partnership with Apple through 2031, sending the stock higher as investors weighed what fresh multi year custom ASIC commitments might mean for revenue visibility and AI exposure. See our latest analysis for Broadcom. The Apple extension slots into a volatile year for Broadcom, where a 90 day share price return of 11.96% and a 1 year total shareholder return of 37.37% point to momentum rebuilding after recent weakness. If Broadcom’s AI and...
Apple (AAPL) is back in focus after extending its custom chip partnership with Broadcom through 2031 and moving ahead with a broader iPhone roadmap that includes a first foldable model and an Ultra tier. See our latest analysis for Apple. Apple’s share price has climbed 10.97% over the past week and 23.34% over the past 90 days, while its 1-year total shareholder return of 49.51% reflects recent momentum around the stock’s AI and iPhone expansion plans. If Apple’s recent moves have you...
Tech investor Dan Niles on Sunday said that the recent pullback in AI semiconductor stocks is a temporary setback rather than the end of the artificial intelligence rally, arguing that long-term demand remains intact despite growing investor concerns. AI Chip...
(Bloomberg) -- Chinese companies are ditching Nvidia Corp.’s advanced accelerators in favor of domestic silicon, underscoring how tensions with the US are reshaping the AI infrastructure buildout and propelling Beijing’s ambitions to substitute American technology.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 4.1% in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) jumped 3% in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates. Broadcom (AVGO) gained about 4.2% after it disclosed in an 8-K that it signed multi-year agreements with Apple through 2031 to supply custom ASIC silicon. Separately, bullish memory notes landed: UBS raised its Q3 DDR contract-pricing forecast to +32% quarter-on-quarter (from +17%) and reiterated DRAM undersupply "until at l
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.
Yahoo Finance Tech Editor Dan Howley reacts to analyst predictions that Apple's long-rumored foldable iPhone could instantly sell out upon its launch, despite a massive projected price tag of up to $2,500.
A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.