Meta earnings recap: 3Q24 revenue hits record US$40.6bn amid concern over slower user growth

Meta Platforms Inc. announced its third-quarter 2024 earnings on October 30, surpassing expectations due to robust ad revenue and AI advancements. As the largest social media company, Meta—parent to Facebook and Instagram—revealed plans to increase infrastructure investments significantly in 2025, driven by its growing focus on AI.

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Xiaomi CEO Lei Jun calls for understanding as advanced process inflation drives up smartphone prices

The era of advanced process inflation has arrived, with the price of 3nm processes continuing to rise. Key system-on-chip (SoC) components such as Qualcomm’s Snapdragon 8 Elite and MediaTek’s Dimensity are seeing significant price increases, leaving downstream smartphone manufacturers in distress, lamenting that the inflation from “advanced processes” is causing smartphone prices to rise instead of fall, making business increasingly difficult.

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Liteon sees strong 4Q24 as next-gen AI server shipments begin

Liteon Technology will continue to focus on AI servers, green energy, and high-performance infrastructure, with the company planning shipments of 33kW power shelves for next-generation AI servers in the fourth quarter of 2024. Furthermore, the company has completed testing of its liquid-to-liquid cooling system, with initial shipments slated to begin in 2025, and is formally entering the home energy storage market. Despite the traditionally off-peak season, the company expects both quarter-over-quarter and year-over-year growth as revenue from AI-related products continues to rise.

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