Cambricon projects revenue growth of over 50% in 2024 with narrowing losses

Cambricon Technologies, a leading AI chipmaker in China, has announced its 2024 financial forecast, estimating annual revenue of CNY1.07 to CNY1.2 billion (approx. US$146 to US$164 million). This marks a robust year-over-year growth of 50.8% to 69.2%. The company attributed the projected increase to its ongoing market expansion efforts and the growing adoption of AI applications, positioning 2024 as a year of significant revenue improvement compared to 2023.

Continue reading

Marvell’s 8-year turnaround: How CEO Matt Murphy positioned the company for AI success

Broadcom and Marvell have recently emerged as key players in the era of Generative AI, alongside Nvidia. While Broadcom CEO Hock Tan is well-known in the semiconductor industry, Marvell CEO Matt Murphy, who has led the company through a lengthy eight-year strategic adjustment, has also gained respect. Recently, he has attracted media attention due to rumors that Intel may be interested in recruiting him.

Continue reading

Taiwan’s machine tool sector predicts 2025 rebound: boost from Middle East recovery and U.S. tariff policy

The Taiwan Machine Tool & Accessory Builders’ Association (TMBA) recently shared its outlook for the industry in 2025, expressing cautious optimism. While the overall economic outlook for the first half of the year remains uncertain, the upcoming Taipei International Machine Tool Show (TIMTOS) in March is expected to serve as a key indicator for order intake, providing momentum for the second half of the year.

Continue reading