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Ayanti Bera

Marvell forecasts revenue below estimates on Huawei ban; shares slide

30 Aug 2019

Marvell Technology Group Ltd forecast third-quarter revenue below Wall Street estimates on Thursday, as a ban on selling components to Chinese telecommunications giant Huawei Technologies Co Ltd [HWT.UL], hurt the U.S. chipmaker.

China's Baidu beats earnings expectations, shares rally

20 Aug 2019

Chinese internet search giant Baidu Inc beat quarterly earnings estimates on Monday after signing more people up to its video streaming service, sending its shares higher in a relief rally.

Applied Materials does not expect memory chip recovery before 2020

15 Aug 2019

Applied Materials Inc beat Wall Street estimates for quarterly revenue on Thursday but the chip gear maker cautioned that recovery in the memory chip market is unlikely before 2020.

World News