Silicon Motion announced Q1 2026 financial results with net sales rising 23% quarter-over-quarter to $342.1 million and more than doubling year-over-year. Growth was led by a 30-35% sequential increase in embedded eMMC and UFS controllers and a 205-210% jump in Ferri and boot drive solutions. Despite a seasonal decline in SSD controller sales, year-over-year sales rose 40-45%, supported by new PCIe 5 controllers. The company expects continued growth in Q2 2026, driven by new product ramps and expanding market share in AI and enterprise sectors.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
