The Biden administration has said that companies receiving funds from the CHIPS subsidy will be required to pay the government if they do exceedingly well and accrue "excess profits".
Profits RSS
The highest ever recorded by the company, Samsung predicts its Q3 profits will be $12.8 billion, marking a massive improvement year-on-year. The figures were spurred by high sales for its components.
Thanks to its booming semiconductor business and stronger than expected sales of the flagship Galaxy S8, Samsung recorded a massive rise in its operating profit for the second quarter.
Samsung has reported profits in Q4 of 2016 despite the large recall of Galaxy Note7 devices after reports of explosions were reported. The earnings were driven by the memory business.
Operating profit at Samsung has fallen by 30% since the botched recall and discontinuation of the Galaxy Note7 handset, after possible battery issues caused some units to catch fire or explode.
With the cancelation of the Samsung Galaxy Note7, the company has revised its Q3 2016 earnings forecast with share prices falling by almost 10% in two days - and a loss of $20 billion in market value.
Samsung is predicting higher than expected profits for Q2 2016, up from the same period last year, with healthy Galaxy S7 sales one of the main contributors to this latest success.
While Nintendo continues to develop its new NX console and transition its business into the mobile market, its been announced that the gaming giant suffered a 36% fall in profits for Q4 2015.
Samsung is warning its employees and investors that recent struggles it has faced in terms of profits and sales won't be ending anytime soon and that 2016 looks set to be a very uncertain year.
Sony has posted positive profits for the quarter, which is largely due to a high number of sales for the PlayStation 4 However, its mobile division continues to stumble, recording a drop in revenue.
Apple has announced that its App Store has broken some pretty impressive records in terms of sales in 2015. The company has shared some interesting statistics with the public in its press release.
Samsung is seeing its dominance over the smartphone market being challenged. As such profits are being squeezed and recent declines seem to be a trend rather than occasional market flukes.
Sony is struggling with its smartphone business thanks to stiff competition from Apple and Samsung, and plans to focus on its higher-end devices, while reducing its mid-range line-up.
HTC is once again posting sad financial news in regards to its Q4 performance last year. However, the company is refocusing on the mid-range of the market and has an optimistic view for 2014.
Dell has posted its quarterly earnings report and while its yearly revenue is pretty much flat the company has seen a 72% decline in profits. Dell is also trying to go back to being private company.
Netflix has released its quarterly report and it seems the video streaming company has had a great quarter with profits and revenue seeing a substantial increase. However, investors are still nervous.
HTC's latest quarterly report brings some good news for investors as the company is once again profitable. Unfortunately next quarter's outlook is bleak with sales expected to fall.
Lenovo has published its quarterly earnings report and the Chinese manufacturer has had a record setting quarter. They now stand at 15.5% of the global PC market and they rank third on smart devices.
A new reports from analysts claims that Apple and Samsung account for all the profits in the smartphone industry over the past quarter. That's down from previous years when they were above 100%.
LG has published its financial report for the first quarter of the year and it brings some good news. They have sold more than 10 million smartphones, an increase of 20% over their holiday quarter.
Nokia has published its financial report for Q1 2013. Despite selling 5.6m Lumias, the company suffered a small loss but its overall health is a lot better than it was last year.
Samsung, unlike some mobile manufacturers, are celebrating a fifth consecutive record profit for Q4 2012. The reason? The Galaxy range of phones and tablets selling in their droves of course!
HTC - Quietly brilliant yes, but publicly haemorrhaging money. A 91% drop in profits for Q4 of 2012 has been announced, but CEO Peter Chou is optimistic for 2013 after a rough 2012.
Google is coming under fire today for a recent relevation that it saved about $2 billion in worldwide income taxes by shifting nearly $10 billion of its revenues to a shell company in Bermuda.
Following strong sales of the Galaxy SIII handset and a high profile court case against Apple, Samsung are set to announce record quarterly profits of $7.3 billion for July to September.
For the world's most valuable company, with cash reserves of $117bn, money seems to be the driving force behind its success. Not so, says Apple's design chief: "Our goal is to make great products."
Facebook's stock prices reached an all-time low on Tuesday's trading, having declined 43% since their initial availability in May. Stocks were trading at just over $20 on the markets during the day.
Today Google has announced their financial earnings for the first quarter of 2010. The first quarter ended March 31, 2010, with a reported revenue of $6.77 billion. Compared to the first quarter results...
It's hard to fathom how much money a company such as Microsoft makes a year. In 2009, Microsoft's net income was 14.569 billion dollars. It is the most profitable software company on planet Earth. But...
It goes to show that no company is truly recession proof. Microsoft is reporting that sales have fallen for the first time in 23 years. According to numbers released by Microsoft sales have...
Computer chip maker AMD (Advanced Micro Devices Inc) plans to cut 1100 of its workers and decrease some salaries by up to 20 percent. This is the third round of job cuts within the last...
According to an email sent last February by Microsoft general manager John Kalkman, the software giant lowered Windows Vista's minimum hardware requirements to ridiculous levels only because Intel needed to sell more graphics chipsets. The...
Electronics maker Apple Inc. (formerly Apple Computer) saw profits surge by 67% in the three months to the end of September, thanks to demand for its widely popular Mac computers and iPods. The company also...
South Korea's Samsung Electronics Co., the world's largest maker of computer memory chips, expects third-quarter operating profit in its memory chip business to double or triple from the previous quarter, according to Chu Woo-sik, chief...
Wireless provider Sprint Nextel Corp. on Wednesday said second-quarter profits dropped sharply on takeover costs and expenses tied to its planned rollout of a WiMax network. The Reston, Virginia-based company, with operational headquarters in Overland...
The latest development in a pending antitrust suit by CPU manufacturer Advanced Micro Devices (AMD) against its cheif rival, Intel, comes in the form of a glimpse at the case AMD will present in a...
Web search giant Google saw its profits jump 28% to $925m (£451m) over the past three months, but the figure was not as good as analysts had hoped for. Compared to the same period in...
Sony has announced that the launch of the PlayStation 3 has contributed to a 68 per cent drop in operating profits to JPY 71.8 billion (EUR 438.3 million) for the year ended March 31, compared...
Sony's net profits for the three months to 31 December fell to 159.9bn yen ($1.3bn; £669m) from 168.9bn yen the three months before, a drop in 5.3%. The huge losses were down to the gaming...
Microsoft said net income for its fiscal second quarter (three months ending December 31) fell 28% to $2.63 billion as delays in shipping Windows Vista pushed some profits and revenue to the third quarter. The...
