Transcend Information reported consolidated revenue of NT$2.33 billion (US$71.05 million) for the second quarter of 2024, a 14.7% decrease from the previous quarter and a 5.6% decrease year-on-year. The company also posted a net profit of NT$716 million, down 11.3% from the first quarter.
Protect AI Inc., a security and artificial intelligence startup, has raised US$60 million from investors betting that the intersection of AI and security will be big business.
Compound semiconductor epitaxial wafer (epi-wafer) manufacturer IQE is swiftly adjusting its global strategy by expanding outside its UK base in response to geopolitical volatility and supply chain restructuring. The company has also applied for government subsidies in the US and EU to increase its gallium nitride (GaN) capacity.