AMD Posts 50% Y/Y Revenue Growth, 18% Sequential

by Jonathan Custer

AMD announced revenue for the fourth quarter of 2019 of $2.13 billion, operating income of $348 million, net income of $170 million and diluted earnings per share of $0.15 after the close.   The stock is trading 4 percent lower in the after-hours on a lighter than expected revenue guide. 2019 marked a significant milestone in …

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Pegatron To Open Plants In Indonesia and Vietnam

by Jonathan Custer

Pegatron, the world’s second-largest contract manufacturer of electronics,  announced plans to have new factories in Indonesia and Vietnam in operation by the end of the year. The company’s trying to reduce its reliance on its plants in China, where operating costs have risen due to higher labor costs and the U.S.-China trade war.  Pegatron is among …

China’s Auto Sector Hit By Coronavirus

by Jonathan Custer

A 30-meter long auto-production line of a company in Wuhan of Central China’s Hubei province has adopted the #5G technologies, the first time in China, which provided smoother data transition to the machines in the process to improve the efficiency. #tech pic.twitter.com/A5xM1rSBIZ — China Daily (@ChinaDaily) April 16, 2019 The first cases of the pneumonia-like …

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