chipmaker

SEOUL, South Korea | Chipmaker SK Hynix reports record-high net profit

SEOUL, South Korea — South Korean chipmaker SK Hynix said Thursday its quarterly net profit surged 75 percent to a record high, as soaring global demand and tight supplies hiked memory chip prices. SK Hynix said its April-June net income was 4.3 trillion won ($3.8 billion), compared with 2.5 trillion won a year earlier. The … Continue reading SEOUL, South Korea | Chipmaker SK Hynix reports record-high net profit

EU slaps chipmaker Qualcomm for abuse of market dominance

BRUSSELS/January 24, 2018(AP)(STL.News)— The European Union is slapping a $1.23 billion fine on U.S. chipmaker Qualcomm for abusing its market dominance in the lucrative sector. EU Commissioner Margrethe Vestager said Wednesday San Diego-based Qualcomm “illegally shut out rivals from the market” for more than five years by paying key customer Apple on condition it would … Continue reading EU slaps chipmaker Qualcomm for abuse of market dominance

Intel CEO sold shares before chip security flaw disclosed

SANTA CLARA, Calif/January 04, 2018 (AP)(STL.News) — Government filings are showing that Intel’s CEO sold shares in his company several months after Google informed the chipmaker of a serious security problem affecting its products. CEO Brian Krzanich sold about $39 million in stocks and options in late November, before the security vulnerability was publicly known. The company … Continue reading Intel CEO sold shares before chip security flaw disclosed

US stocks start 2018 with gains as technology leads again

NEW YORK/January 02, 2018(AP)(STL.News)— U.S. stocks are starting the new year higher thanks in part to gains in technology companies and retailers, some of the market’s biggest gainers from 2017. Natural gas prices are rising as the cold weather continues to grip much of the U.S. Bond yields are also rising. Asian stocks climbed following … Continue reading US stocks start 2018 with gains as technology leads again