Nvidia Corp forecast that its second-quarter sales would exceed analysts’ estimates, bolstered by demand for its new graphics chips and mobile-phone processors.
Revenue for the period ending July would reach between US$990 million and US$1.05 billion, the Santa Clara, California-based company said in a statement yesterday.
Analysts had estimated US$976.3 million on average, according to predictions compiled by Bloomberg.
Photo: AFP
Sales of a new product for desktops were stronger than anticipated, exceeding supply, while its notebook business had record revenues in the first quarter, Nvidia said.
Shortages from supplier Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s top contract chipmaker, are still holding back sales of the company’s most profitable products. Like Qualcomm Inc and other chipmakers, Nvidia subcontracts its production to foundries in Asia.
Last month, TSMC announced that it would increase capital spending for this year to a record US$8.5 billion after customers complained about not receiving enough 28-nanometer chips for mobile devices, such as smartphones.
Nvidia gets most of its revenue from its GeForce semiconductors, which are used to create high-end graphics cards in desktop and notebook computers.
The company’s share price rose 7.1 percent to US$13.30 at 7:42am in New York before the market opened.
The shares had declined 10 percent this year through Thursday compared with a 7.5 percent gain on the Philadelphia Semiconductor Index.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained