Scholastic, Roku, Costco and more
Check out the companies making headlines in midday trading. Scholastic — Shares tumbled about 12% after the publisher and distributor of children’s books reported a 4% year-over-year decline in revenue…
How GlobalFoundries aims to remain world’s third-biggest chip foundry
In its short 14-year history, GlobalFoundries has risen to become the world’s third-largest chip foundry. Based in upstate New York, GlobalFoundries isn’t a household name because it’s manufacturing semiconductors that…
Foxconn failed India chip effort shows how hard it is for new players
This month, Foxconn pulled out of its joint venture with Vedanta. The two sides “mutually agreed to part ways,” Foxconn said in a statement at the time. Sopa Images |…
Tesla plans to slash silicon carbide use, chipmaker shares decline
Shares in some chipmakers dipped on Thursday after electric vehicle maker Tesla said it plans to greatly reduce the use of silicon carbide transistors in its next-generation vehicle powertrains. At…
Samsung profit plunges in Q3 as chipmakers feel bite
Samsung is facing headwinds from a global slump in deamand and prices for its memory chips, sales of which make up a large part of the South Korean technology giant’s…