Investing.com-- Lynas Rare Earths (ASX:LYC) reported a 25% rise in quarterly revenue on Thursday, buoyed by higher selling prices and record production of key magnet materials, as the company solidified its position as the world’s only major producer of heavy rare earths outside China. Sales revenue for the quarter ending June 30 came in at A$170.2 million ($112.5 million), up from A$136.6 ...
By Stephen Nellis SAN FRANCISCO (Reuters) -U.S. President Donald Trump’s administration on Wednesday recommended implementing export controls that would verify the location of advanced artificial intelligence chips, a move that was applauded by U.S. lawmakers from both parties in both houses of Congress. The recommendation was part of a broader AI blueprint released on Wednesday ...
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -SK Hynix flagged plans to boost spending this year after posting on Thursday a record quarterly profit, as the Nvidia (NASDAQ:NVDA) supplier seeks to alleviate investor concerns about slowing growth for artificial intelligence chipsets. The South Korean chipmaker said demand growth would be driven by new model launches by customers and that it was o ...
By Sarah Morland MEXICO CITY (Reuters) -Becle, the world’s largest tequila producer, posted a fourfold rise in second-quarter profit on Wednesday, bolstered by foreign currency exchange gains even as thirst for its spirits dipped in its largest market. Net profit hit 2 billion pesos ($106.6 million), above the 1.8 billion pesos estimated by analysts polled by LSEG, while revenue edged 2.8% highe ...