Business
Nvidia supplier SK Hynix posts record quarterly profit, meets forecasts
South Korea’s SK Hynix posted on Wednesday a record quarterly profit, spurred by an artificial intelligence boom that has driven up demand…
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German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut…
Business
China’s InnoScience rises 31% after named as Nvidia supplier
Chinese chipmaker InnoScience Suzhou Technology Holding closed up 31 per cent in Hong Kong on Friday (Aug 1) after it was identified by…
Business
Nvidia supplier SK Hynix Q2 profit rises 69%, meets forecasts
South Korea’s SK Hynix posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative…
Business
Apple supplier Lens Technology said to price HK$4.8 billion Hong Kong listing at top of range
The company joins the growing wave of China-listed companies seeking to go public in the city Apple supplier Lens Technology has raised…
Business
Nissan seeks to delay supplier payments to free up cash, company emails show
Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company…
Business
Apple supplier Lens Technology seeks up to HK$4.8 billion in Hong Kong listing
The Shenzhen-listed company expects the shares to start trading in Hong Kong on Jul 9 Lens Technology, a supplier to Apple, is seeking to…
Business
Honda supplier rethinks China relationship as trade war bites
As the US-China trade war expands into the auto, steel and rare earths sectors, few companies are feeling the pressure more than top…
News
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers…
Business
Toyota to take key supplier private in US$33 billion deal
Toyota Motor will take forklift-maker Toyota Industries private in a US$33 billion deal, the companies said on Tuesday (Jun 3), a landmark…
Business
Toyota chairman proposes record buyout of its supplier at US$42 billion valuation
Toyota Motor chairman Akio Toyoda has proposed a buyout of supplier Toyota Industries, people familiar with the matter said, seeking to…
News
‘Morally repugnant’: Brazilian workers sue coffee supplier to Starbucks over ‘slavery-like conditions’
“John” was just days from turning 16 when he was allegedly recruited to work on a Brazilian coffee farm that supplies the global…
Business
Nvidia supplier SK Hynix’s profit soars 158% on AI demand boost
SK Hynix’s operating profit jumped a bigger-than-expected 158 per cent, helped by both a global race in artificial intelligence (AI) and…
Business
US Bitcoin miners disrupted by Chinese supplier under scrutiny
CRYPTO miners in the US are experiencing delays receiving deliveries of new equipment, threatening their competitiveness and profit…
Business
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
Business
iPhone supplier TDK rolls out new batteries to keep pace with AI
TDK, one of the main suppliers of batteries for Apple’s iPhones, will this year roll out an improved version of its most advanced product…
Business
Nvidia supplier Ibiden weighs faster expansion to meet AI demand
IBIDEN, the dominant supplier of chip package substrates used in Nvidia’s cutting-edge semiconductors, may need to dial up the pace of…
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Car supplier Bosch to cut working hours for employees in Germany
German automotive supplier Bosch logo is pictured on a plant of the industrial group in Schwaebisch Gmuend. Bernd Weißbrod/dpa In addition…
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German car supplier Bosch to slash 5,500 jobs, two-thirds in Germany
German automotive supplier Bosch logo is pictured on a plant of the industrial group in Schwaebisch Gmuend. Bernd Weißbrod/dpa German…
Business
Boeing, Airbus throw supplier lifeline ahead of takeover
BOEING and Airbus will provide more than US$450 million in financial assistance to help keep key supplier Spirit AeroSystems Holdings…
Business
Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as…