Shoucheng (HKG:0697) posted a profit attributable to owners of HK$79 million for the first quarter, down from HK$213 million a year earlier, according to a Friday Hong Kong bourse filing.
Earnings per share at the investment company came in at HK$0.0095, compared with HK$0.0299 a year earlier.
Revenue fell to HK$327.1 million from HK$352.2 million in the prior-year period.
Taiwan Semiconductor Manufacturing or TSMC's (TPE:2330) artificial intelligence and high-performance computing (HPC) will become the dominant force in the global semiconductor industry, accounting for about 55% of total output value by 2030, CNA reported, citing executive Chang Hsiao-chiang.While addressing company's Taiwan Technology Forum in Hsinchu, Taiwan, he estimated the overall semiconductor market will reach $1.5 trillion by the end of the decade. He added that the wafer foundry model has become central to enabling AI accelerators through close integration with chip designers, the report said.Chang also highlighted emerging technologies such as photonic engines, advanced packaging, and AI-enabled devices as part of the next phase of industry growth, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
CNSIG Inner Mongolia Chemical Industry (SHA:600328), through subsidiary CNSIG Alkali Industry, plans to develop a natural soda ash mineral resource for 25.3 billion yuan, according to a Shanghai bourse filing on Friday.The mineral resource will have a production capacity of 5 million ton per year.The Chinese chemical industry company will start the 24-month construction on June 3.
Allcargo Logistics' (NSE:ALLCARGO, BOM:532749) consolidated net profit fell to 200 million Indian rupees in the fiscal fourth quarter ended March 31 from 250 million rupees a year ago, according to a Thursday filing to the Indian stock exchanges by the logistics company.The company's shares were down nearly 2% in Friday's trade.Earnings per share contracted to 0.13 rupees compared with the year-ago figure of 0.17 rupees.Revenue from operations in fiscal Q4 inched up to 5.14 billion rupees from 5.13 billion rupees a year earlier.