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Chipmaker Intel beats revenue expectations amidst Q4 loss
Chipmaker Intel beats revenue expectations amidst Q4 loss
by  AFP

Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution. The company's Client Computing Group, which includes PC chips, saw revenue fall 9 percent to $8 billion in the fourth quarter.

Samsung Electronics posts 129.85% jump in Q4 operating profit
Samsung Electronics posts 129.85% jump in Q4 operating profit
by  AFP

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. But the company's Q4 operating profit was lower than that of the previous quarter, which stood at 9.18 trillion won.

Trump to decide on oil tariffs on Canada, Mexico
Trump to decide on oil tariffs on Canada, Mexico
by  AFP

US President Donald Trump said he expected to decide Thursday whether to include crude oil imports in tariffs on Canada and Mexico that are due to take effect within days. Canada and Mexico supplied more than 71 percent of US crude oil imports in 2023, with nearly 60 percent coming from Canada alone, a congressional report said.

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