Latest news with #AOS
Rakyat Post
3 hours ago
- Automotive
- Rakyat Post
Gear Up Motorheads! The 14th Annual Art Of Speed Is Coming This 26-27 July
Subscribe to our FREE Malaysia's raddest custom culture celebration is back – louder, bolder, and faster than ever! Whether you're a diehard gearhead, a fan of all things vintage, or just looking for an unforgettable weekend with your crew, the 14th Annual Art Of Speed 2025 promises a full-throttle experience that fuses art, bikes, cars, fashion, music, and all things kustom into one massive, high-octane show. So be ready to get your pistons knocking because it's going to be one heck of a ride (or drive). Three custom motorcycles by three legendary builders At a press conference yesterday (3 July), AOS founder and director Asep Ahmad Iskandar highlighted three custom motorcycle masterpieces that will be on display at the event this year. These custom machines, built and designed by their skilled owners, truly stand out among other bikes. They work on their bikes out of passion, and inspire others in the process. The first of them is Yuichi Yoshizawa of Custom Works Zon, with his BMW R18 'Ground 0', which made its debut at the Yokohama Hot Rod Custom Show 2023 where it was unveiled for the first time. If you like what you see, AOS 2025 is where you'll get the chance to check it out up close! The next one in the trio is Masa Sugihara from Luck MC, who is bringing his custom Harley-Davidson Knucklehead chopper to the show this year. A legend in the Japanese custom motorcycle scene, Sugihara's custom chopper features a sleek, streamlined design and minimalist styling he has come to be known for. Last but not least is Australia's Ben Forster a.k.a. @benflathead who is stopping by the show with his custom Harley-Davidson Flathead. His machine boasts intricate carvings on its Harley v-twin Flathead engine itself and the best way to view it is up close, at AOS 2025. Remember, these are just some of the awesome machines you'll get to see at the event. There will be many more custom bikes and cars by some of the most talented builders in Malaysia and around the globe. If you want more, AOS is bringing back Show and Shine with even more cars and bikes. There will be a variety of cars and clubs ranging from classic to contemporary, as well as international entries from other countries. What's new at AOS 2025? Coming to AOS this year is an all-new outdoor truss system photo studio for cars and an indoor photo studio for motorcycles to give owners a professional photography experience. There's no better opportunity to shed the best light on your beloved vehicle and get the best photos a studio setting can offer! AOS is also collaborating with local streetwear brand High Culture, and sneaker makers Fung Keong, because it's not just your wheels that should look good, you should too. Other collaborations featured at AOS this year include the Hot Wheels Collection, XOCKS, and Mooneyes. The place for Hot Wheels collectors and enthusiasts One of the main events at AOS 2025 will be the 3rd Official Hot Wheels Collectors Convention Malaysia (HWCCM), where Hot Wheels enthusiasts can experience various activities like the Hot Wheels Swap Buy and Sell, Hot Wheels Rare and Collectibles Exhibition, Hot Wheels Custom Competition, collector sharing sessions, and more. Also being featured at the show will be two Porsche models which are the GT3 RS and Carerra RS 3.8 decked out in Hot Wheels livery. Attendees will be able to get their hands on the 1:64 scale model replicas of the iconic Porsches. Music for the masses Shaking things up at AOS this year is Soundcircus Takeover 2025 featuring local artists and bands like Noh Salleh & Restore Iboe, Romantic Echoes, Ruffedge, Luqman Podolski, Sabda Alam, Fugo, Iqbal M, Budak Nakal Hujung Simpang, and more. The beats will be happening all weekend from 2pm to 7pm. Save the setlist below so you don't miss your favourite acts! 14th Annual Art Of Speed Date: 26 and 27 July 2025 Venue: Taman Ekspo Pertanian Malaysia Serdang (MAEPS) Persiaran MARDI – UPM Serdang, 43400 Seri Kembangan, Selangor Website: Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Yahoo
a day ago
- Business
- Yahoo
A. O. Smith Earnings Preview: What to Expect
Milwaukee, Wisconsin-based A.O. Smith Corporation (AOS) manufactures residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products. With a market cap of $9.3 billion, A.O. Smith's operations span various countries in North America, Europe, and Asia. The company is set to unveil its second-quarter results on Tuesday, Jul. 22. Ahead of the event, analysts expect AOS to report non-GAAP earnings of $0.97 per share, down 8.5% from the profit of $1.06 per share reported in the year-ago quarter. The company has surpassed or matched the Street's bottom-line projections in two of the past four quarters, while missing on two other occasions. Is Palantir Stock a Buy, Sell, or Hold for July 2025? Is Archer Aviation Stock a Buy, Sell, or Hold for July 2025? Oklo Just Announced a New Nuclear Fuel Deal. Is OKLO Stock a Buy Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full fiscal 2025, its earnings are expected to come in at $3.75 per share, up marginally from $3.73 per share reported in the year-ago quarter. While in fiscal 2026, its earnings are expected to rise 9.3% year-over-year to $4.10 per share. AOS stock has declined 15.5% over the past 52 weeks, underperforming the Industrial Select Sector SPDR Fund's (XLI) 22.8% surge and the S&P 500 Index's ($SPX) 13.2% uptick during the same time frame. AOS stock grew 3.5% following the release of its better-than-expected Q1 earnings on Apr. 29. The company's net sales decreased 1.5% year-over-year to $963.9 million, but successfully surpassed the Street's estimates. Its sales were primarily affected by lower water heater volumes. While the boiler sales remained resilient in North America, sales in China were impacted by the lower volume of water treatment and gas water heater products. Its gross profit also fell 2.4% from the prior year's quarter to $375.4 million. Furthermore, the company's net earnings declined 7.5% from its year-ago value to $136.6 million, and its net earnings per share fell 5% year-over-year to $0.95, but surpassed the consensus estimates by 5.6%. The consensus opinion on AOS is skeptical, with a 'Hold' rating overall. Of the 12 analysts covering the stock, opinions include three 'Strong Buys,' eight 'Holds,' and one 'Strong Sell.' Its mean price target of $73.40 suggests an 8.3% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
a day ago
- Business
- Mint
Made in India semiconductor chips are in focus. Watch out for these 5 stocks
There is big news from the Indian semiconductor sector. Kaynes Semicon, a subsidiary of Kaynes Technology, is setting up an outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat. It has secured its first anchor client in the US, Alpha & Omega Semiconductor (AOS) and has developed the first Made in India prototype chip sample. The sample will now be sent for qualification to AOS in August. It's the first company in India to reach this important milestone. In September 2024, the government had approved five companies under the Indian Semiconductor Mission (ISM) to set up facilities to kickstart the semiconductor manufacturing ecosystem in India. To that end, Kaynes has set up a 1,000 sq. ft. OSAT facility in Sanand CG Power and Micron Technology also have facilities there. As per media reports, Kaynes will begin production – the commercial rollout of Made in India chips – in the first quarter of next year, i.e. 2026, after it the qualification process is complete. It's plant has an initial capacity of 1.5 million chips per day. The company has invested about $22 crore for the same. It will invest another $22 crore to make more complex chips once the initial capacity is up and running. Kaynes has a five-year agreement with AOS for about 60% of the initial capacity. The company is in talks with many global chip firms for OSAT. These are the likes of ST Microelectronics, Broadcom, Intel, ROHM Semiconductor, Infineon Technologies and others. This news has once again ignited interest in Indian Semiconductor stocks. Here are five Indian semiconductor companies you should have on your watchlist… #1 Moschip Technologies Moschip Technologies is a semiconductor and system design services company. The company has over two decades of experience in silicon design and embedded solutions. The company operates across the entire chip design spectrum from concept and architecture to final silicon and system validation. It specialises in ASICs, SoCs, VLSI design and embedded software. Over the years, Moschip has become an important part of in India's semiconductor ecosystem. Due to the company's strong position in chip design, it was one of the early beneficiaries of the Design Linked Incentive (DLI) scheme of Indian government. Due to this and the booming demand for semiconductors in AI and high-performance computing, the company has shown strong growth over the last few years. Moschip Technologies Share Price – 1 Year Source: Equitymaster In July 2024, MosChip secured a ₹5,000 crore contract from C-DAC to design a high-performance computing (HPC) System on Chip (SoC) using 5 nm technology. The four-year engagement gave it a major leap and also includes long-term support and maintenance. In October 2024, where the company was inducted as an AI/ML design partner in the Renesas RZ partner ecosystem. This was a big development considering Renesas' strong position in the global semiconductor ecosystem. MosChip is currently focused on RISC-V architecture, HPC processor development, and custom IP design. While it's not into semiconductor manufacturing, its fabless design-first business model is scalable and asset-light. #2 Tata Electronics Tata Electronics is part of theTata Group. The company has expertise in manufacturing precision components. It's setting up a ₹27,000 crore OSAT facility in Jagiroad, Assam. Scheduled to become operational by mid-2025, this groundbreaking plant will generate approximately 27,000 jobs, with 15,000 direct positions and an additional 12,000 indirect roles. The company is also setting up India's first wafer fabrication (fab) unit in Dholera, Gujarat. This ambitious project will produce 50,000 wafers per month at an investment of ₹91,000 crore, and the first chips are expected by December 2026. The Tata sees semiconductors as a strategically important sector for long-term growth. Latest media reports suggest the company has sent around two hundred employees to Taiwan for hands-on training at the plant of the company's partner Powerchip Semiconductor. #3 Cyient Cyient is a technology company based in Hyderabad. It has over three decades of experience in engineering and software. The company is investing in chip design, digital engineering, and intelligent manufacturing via its new subsidiary, Cyient Semiconductors. This company is focused on end-to-end chip design, ASIC development, and embedded systems. Cyient's competitive advantage is in its expertise across sectors like transportation, communication, energy, aerospace, and healthcare. Cyient Share Price – 1 Year Source: Equitymaster The company's DET (digital, engineering & technology) business line complements its semiconductor aspirations, with a portfolio that includes design, prototyping, and system-level integration. In FY25, the DET business clocked revenues of $68.8 crore, with $37 crore in large deal wins in the year. #4 Kaynes Technologies Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for clients in automotive, industrial, aerospace and defence, space, nuclear, medical, railways, internet of things, IT and others. It specialises in delivering 'build to print' and printed circuit board assemblies (PCBA) to original equipment manufacturers (OEM). The company also offers a wide range of solutions, including smart metering technology, smart street lighting, and IoT solutions for smart consumer appliances and devices for original design manufacturers (ODM). Kaynes Technology Share Price – 1 Year Source: Equitymaster The company's subsidiary Kaynes Semicon is setting up an OSAT facility which will have the capacity to produce 6 million chips per day after fully scaling up. The chips will cater to a wide range of industries, including industrial, automotive,electric vehicles (EV), consumer durables, and telecom. It has already formed partnerships with key players in the semiconductor ecosystem, which will help accelerate its growth. #5 CG Power & Industrial Solutions CG Power and Industrial Solutionshas been part of theMurugappa Groupsince 2020. It's engaged in the design, manufacturing and marketing of products related to power generation, transmission, and distribution & rail transportation. The company has two business divisions namely industrial systems, and power systems. The former caters to motors and drives, and railways, whereas the latter caters to power industry and is used in transformers switchgears and allied products. CG Power and Industrial Solutions has recently entered into a joint venture with Renesas Electronics and Stars Microelectronics to establish an OSAT facility in India. The facility is expected to manufacture 15 million chips daily and will focus on packaging, assembling, and testing semiconductor chips for various applications, including consumer electronics, automotive, industrial, and power sectors. CG Power Share Price – 1 Year Source: Equitymaster To know more about the company, check outCG Power's financial factsheetand itslatest quarterly results. Conclusion Under Semicon 2.0, the government is doubling down on its semiconductor ambitions, aiming for a 5% share of global chip production by 2030. Back in 2021, India announced a $10 billion incentive package to build its semiconductor ecosystem from the ground up. That money is now finally moving. Funds are being disbursed, and five projects-across chip fabrication, OSAT, and ATMP have already been approved under the scheme. The idea is to pull in global chip players while also creating space for homegrown champions. If things go to plan, this policy shift could open up real opportunities for investors looking atIndia's semiconductor value chain. As policy incentives expand and chip demand rises, the companies mentioned here should benefit. However, this is a highly complex industry filled with numerous risks. The sector is also cyclical as well as capital intensive. Thus, investors considering investments in semiconductor stocks will have to keep their enthusiasm in check and be extremely careful. Investors should closely track company performance, policy developments, corporate governance, along with global semiconductor trends before making any investment decisions. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated
Time of India
a day ago
- Business
- Time of India
AOS settles with US over unauthorised shipments to China's Huawei
By Karen Freifeld Alpha and Omega Semiconductor (AOS) has agreed to pay $4.25 million to settle with the U.S. Department of Commerce for shipping items to China's Huawei Technologies in violation of export regulations, according to a department order posted on Wednesday. AOS engaged in prohibited conduct by forwarding 1,650 power controllers, smart power stages and related accessories to Huawei without authorisation in 2019, the year Huawei was added to a restricted U.S. trade list, the order said. Though the items were foreign-designed and produced, the order said, they were subject to export control regulations because AOS exported them from the United States. Suppliers to companies on the restricted trade list, known as the Entity List, are required to obtain licenses. "This resolution does not impact AOS's ongoing business operations and brings to an end the U.S. government's five-year-plus investigation," the company said. "AOS is pleased to bring this matter to a close with only limited administrative export control charges." U.S. authorities have been investigating AOS' transactions with Huawei since 2019, the company said in an SEC filing earlier this year. In January 2024 the Justice Department closed its investigation without charges, the filing said, but a civil investigation by the Commerce Department was ongoing. On April 16, 2025, AOS said it received a letter from Commerce alleging violations of export control regulations, and the company met to discuss a possible resolution. AOS, which is headquartered in Sunnyvale, California, operates in both the United States and Asia. It has a wafer fabrication facility in Hillsboro, Oregon. In 2020, the United States added to Huawei's Entity listing to expand its authority to stop shipments of foreign-produced items to Huawei.
New Straits Times
a day ago
- Business
- New Straits Times
AOS settles with US over unauthorised shipments to China's Huawei
WASHINGTON: Alpha and Omega Semiconductor (AOS) has agreed to pay US$4.25 million to settle with the US Department of Commerce for shipping items to China's Huawei Technologies in violation of export regulations, according to a department order posted on Wednesday. The order said AOS engaged in prohibited conduct by forwarding 1,650 power controllers, smart power stages and related accessories to Huawei without authorisation in 2019, the year Huawei was added to a restricted US trade list. Although the items were foreign-designed and produced, they were subject to US export control regulations because AOS exported them from the United States. Suppliers to companies on the restricted trade list — known as the Entity List — are required to obtain licences. "This resolution does not impact AOS's ongoing business operations and brings to an end the US government's five-year-plus investigation," the company said. "AOS is pleased to bring this matter to a close with only limited administrative export control charges." US authorities have been investigating AOS's transactions with Huawei since 2019, the company said in a US Securities and Exchange Commission (SEC) filing earlier this year. In January 2024, the Justice Department closed its investigation without pressing charges. However, a civil investigation by the Commerce Department remained ongoing. On April 16, 2025, AOS said it received a letter from the Commerce Department alleging violations of export control regulations, and the company met with officials to discuss a possible resolution. AOS, headquartered in Sunnyvale, California, operates in both the United States and Asia, and owns a wafer fabrication facility in Hillsboro, Oregon. In 2020, the US expanded its restrictions on Huawei, widening its authority to halt shipments of foreign-produced items destined for the Chinese tech giant.
