Wednesday, August 18, 2021

Tencent reports Q2 revenue rose 20% YoY to $21.3B, beating estimates, as profit reached $6.6B, up 29% YoY from $5.1B (Iris Deng/South China Morning Post)

Iris Deng / South China Morning Post:
Tencent reports Q2 revenue rose 20% YoY to $21.3B, beating estimates, as profit reached $6.6B, up 29% YoY from $5.1B  —  The Hong Kong-listed company reported a profit of US$6.6 billion in the quarter ended June The results come amid a recent stock market rout for the country's tech sector …



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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...