Tuesday, August 3, 2021

Alibaba misses in Q2, reporting $31.8B revenue, below $32.4B estimates, as net income rebounds to $7B from a loss in Q1 due to an antitrust fine (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Alibaba misses in Q2, reporting $31.8B revenue, below $32.4B estimates, as net income rebounds to $7B from a loss in Q1 due to an antitrust fine  —  - It returned to profit after first loss in 9 years last quarter  — Jack Ma's firm is seeking to look past its regulatory woes



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MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth (Cheng Ting-Fang/Nikkei Asia)

Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...