Tag: tech business
Wearable Tech Maker Oura Files for IPO Amid Wave of Public Listings
Finnish smart ring company Oura has filed for an IPO as tech and space firms eye public markets in 2026.
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Chinese Chip Foundries Raise Service Prices Amid AI-Driven Semiconductor Demand
Chinese semiconductor contract manufacturers are increasing service fees to capitalize on rising demand fueled by the AI boom.
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Samsung Reports Massive Surge in Semiconductor Operating Profit Amid AI Demand
Samsung’s semiconductor division saw a 54-fold jump in operating profit as AI-driven demand fuels a major boost in Q1 revenue and earnings.
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Allbirds Shifts Focus to AI with Launch of NewBird AI, Driving Stock Surge
Footwear maker Allbirds pivots to AI services as NewBird AI, sparking a stock jump over 600% despite store closures and asset sales.
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Xiaomi Reports Slowest Revenue Growth of 2023 Despite Electric Vehicle Push
Xiaomi’s revenue growth slowed to its lowest point in 2023, with electric vehicle sales unable to fully offset smartphone market challenges.
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AI Boom Drives Chip Equipment Suppliers to Eight Consecutive Quarters of Profit Growth
Rising AI demand fuels semiconductor equipment suppliers’ revenue growth, surpassing a 10% increase for the first time in the latest quarter.
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Global Semiconductor Sales to Surpass $1 Trillion This Year Driven by AI Demand
The semiconductor market is set to exceed $1 trillion in revenue this year, propelled by rising demand fueled by artificial intelligence advancements.
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