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Foxconn Posts 10.5% Revenue Growth in 2022
January 10, 2023 | FoxconnEstimated reading time: Less than a minute
Hon Hai Precision Industry Co. Ltd (Foxconn) has reported unaudited consolidated revenue of NT$629.3 billion for December 2022, up by 14.2% month-on-month (MoM) but down by 12.3% year-on-year (YoY).
Revenue in December was the third highest for the same period, which was better than expected for the company. (December 2021 and December 2020 ranked first and second highest with NT$7,176 billion and NT$7,138 billion, respectively.)
Revenue in the fourth quarter of 2022 was NT$1,957 billion, up by 12% quarter-on-quarter (QoQ) and 3.54% YoY. Revenue hit second highest for the same period, which was better than expected compared to market consensus and for the company.
Cumulative revenue in year 2022 was NT$6,621.9 billion, up by 10.47% YoY to a fresh record high, which was better than expected compared to market consensus and for the company.
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SEMI Applauds U.S. CHIPS Act Award for Polar Semiconductor Facility in Minnesota
05/14/2024 | SEMISEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, applauded the United States Department of Commerce’s announcement of a Preliminary Memorandum of Terms for an award under the CHIPS and Science Act to support the expansion and modernization of Polar Semiconductor’s fab in Minnesota.
Punching Out: Breaking Out of the Valuation Box
05/09/2024 | Tom Kastner -- Column: Punching Out!Most companies are in a “valuation box.” That is, the value of the company, based on a market multiple, is not equal to the value of the assets. Or worse, once debt is paid off, the net proceeds would actually be negative. Here are some tips for getting out of the box.
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Q1 Global Semiconductor Sales Increase 15.2% YoY
05/07/2024 | SIAThe Semiconductor Industry Association (SIA) announced worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023.