Besi lifts long-term financial targets, eyeing demand growth
BE Semiconductor Industries
(
BESI
) raised its long-term financial targets on Thursday ahead of its investor day, saying the future is bright for its advanced chip stacking tools.
The Dutch firm makes the world's most accurate
hybrid bonding tool
, a critical chip technology allowing multiple chips to be bonded directly on top of each other.
Besi now expects revenue of between 1.5 billion euros and 1.9 billion euros ($1.73 billion-2.19 billion) in the long term, against 1 billion euros forecast earlier, with an operating margin between 40% and 55%, up from 35% to 50%.
The development of artificial intelligence technologies, particularly in data centres, is driving adoption for
chip stacking technologies
, Besi's CEO Richard W. Blickman said in a statement.
As performance gains from shrinking chip features reach physical limits, chipmakers are looking towards advanced packaging technologies such as hybrid bonding to keep making faster and more powerful chips.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
2 days ago
- Business Standard
Historic port to future hub: Thoothukudi's giant leap for global reach
Thoothukudi is witnessing a major economic revival with Rs 1 trillion in investments across sectors, including EV manufacturing, green hydrogen, and space, alongside upgraded infrastructure Shine Jacob Chennai Listen to This Article Thoothukudi — a port city that once powered the trade ambitions of the Pandyas and Cholas, and later the Portuguese, Dutch, and British — is now firmly back on the economic map. With a legacy of maritime commerce dating back to the 6th century BCE, it is now riding a fresh wave of industrial momentum. This Saturday, Prime Minister Narendra Modi will inaugurate a newly upgraded airport in Thoothukudi, making it only the second city in Tamil Nadu — after Chennai — to boast full connectivity by air, road, rail, and sea. The move is set to accelerate the region's
Time of India
2 days ago
- Time of India
Dutch regulator delays Apple ruling amid EU talks on App Store: Report
Dutch antitrust watchdog, the Authority for Consumers and Markets (ACM), has delayed its decision on Apple over fees charged to dating app providers on the App Store. According to a report by news agency Reuters, the regulator said that it is waiting for the outcome of ongoing discussions between Apple and the European Commission on a similar issue before moving forward. Tired of too many ads? go ad free now According to ACM, Apple recently changed its fee structure in response to those talks and has said it plans to make further adjustments later this year. The regulator had previously ruled that Apple abused its dominant market position by imposing unfair conditions on dating app developers. That decision was upheld by a Dutch court in June, which found that the company's practices in the App Store violated competition laws. The ACM has not provided a new timeline for its final ruling. The ongoing talks between Apple and the European Commission are expected to influence how both EU and national regulators handle competition issues related to the App Store in the future. In a related news, Reuters recently reported that Apple's updates to its App Store rules and fees are likely to get approval from EU antitrust regulators soon. Citing people familiar with the matter, the report said that this could help the Cupertino-based company avoid large daily fines. Last month, the iPhone maker said that developers will soon be required to pay a 20% processing fee for purchases made via the App Store. For Apple's small-business program, the fees could go as low as 13%.
The Hindu
2 days ago
- The Hindu
Chinese hackers hit Microsoft; Intel to slash workforce; Vine returning in AI form
Chinese hackers hit Microsoft Software giant Microsoft is at the centre of cybersecurity storm after China-linked hackers exploited flaws in SharePoint servers to target hundreds of organisations. While such cyberattacks are not new, the scale of the onslaught and the speed with which the hackers took advantage of freshly discovered vulnerabilities is fuelling concern. Dutch startup Eye Security warned Saturday of online attacks targeting SharePoint file-sharing servers, with Microsoft quick to confirm the report and release patches to protect systems. The vulnerability allowed hackers to retrieve credentials and then access SharePoint servers kept at users' facilities, according to Microsoft. Cloud-based SharePoint software was safe from the problem, the company said. Eye Security determined that more than 400 computer systems were compromised by hackers during waves of attacks. Targets included government organisations in Europe, the Middle East and the United States, among them the U.S. nuclear weapons agency, media reports indicated. Intel to slash workforce Intel said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024, as it forecast steeper third-quarter losses than Wall Street estimates, despite anticipating higher sales than analysts expected while new CEO Lip-Bu Tan steers the company through a historic turnaround. The outlook comes as investors pushed Intel's shares up 14% this year, in the hopes of Tan undoing years of strategic mistakes that have exempted the company from the AI boom dominated by Nvidia. The company expects a third-quarter loss of 24 cents per share, steeper than estimates of losses of 18 cents per share, according to data from LSEG. Intel expects revenue of $12.6 billion to $13.6 billion for the September quarter, with a midpoint of $13.1 billion that was higher than analysts' average estimate of $12.65 billion, according to data compiled by LSEG. Vine returning in AI form Elon Musk's social media company X is bringing back popular video-sharing platform Vine in 'AI form', the billionaire tech-entrepreneur said on Thursday, almost nine years after the app was discontinued. Musk did not provide further details on it. The Tesla CEO has previously hinted at reviving Vine multiple times since he acquired Twitter in 2022, including posting public polls on X about bringing back the short-form video app that was popular in the 2010s. Twitter introduced Vine in January 2013, allowing users to share small snippets of video that were six seconds or less, with the app quickly gaining popularity among video bloggers and attracting millions of followers. In the late 2016, Twitter announced it would discontinue the app. The six-second long video format could work favorably for AI-generated content, as most AI video generation tools available currently typically generate short-form content while longer video clips come with increased costs.
