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.@GlobalFoundries reported a revenue of $1.549B for their Q1 2024 earnings, exceeding the high end of the guidance. @RonWestfallDX and @danielnewmanUV provides insights into how GF is gaining momentum from mobility recovery & gen AI. Read here: https://t.co/Pv77G6cLQv
GlobalFoundries reports Q1 revenue down 16% YoY to $1.55B, vs. $1.52B est., net income of $134M, and forecasts Q2 revenue above estimates; GFS closes up 7.1% (@adityaunraveled / Reuters) https://t.co/UV7hvb95dH 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/u20YtKwWjR
Infineon trims financial forecast amid order slowdown https://t.co/L466GD56qG
Infineon Technologies has reported its Q2 2024 earnings, with revenue at EUR3.63B, slightly above expectations. The company has revised its full-year revenue outlook to around EUR15.1B due to weak demand in the automotive market. Infineon also launched a savings program in response to the persisting weak demand. The chipmaker's guidance for the 2024 fiscal year is lower than previously expected, signaling a downturn in the chip market.