
Thailand's Delta Sees AI Boom Boosting Sales for Coming Years
The maker of components for data centers and electric vehicles is boosting investment to fuel its expansion, Cheng said in an interview. The company also says it plans to raise its sales forecast for the second half of this year, without disclosing what its estimate is.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Nvidia, AMD Agree to 15% Export Levy on China AI Chips
Nvidia (NVDA, Financials) and Advanced Micro Devices (AMD, Financials) will give the U.S. government 15% of revenue from certain AI chip sales to China in return for export licenses, the White House said Tuesday. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The agreements cover Nvidia's China-specific H20 chip and AMD's equivalent processors, designed to meet U.S. export limits. President Donald Trump negotiated the deals, which could be extended to other firms. Trade lawyers say the plan may violate federal rules banning export taxes and limiting licensing fees, setting up potential legal fights. Nvidia's H20 had been projected to bring in over $8 billion in quarterly sales before the new restrictions. Investors will be watching whether Chinese chipmakers' push to replace U.S. tech eats into demand. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
10 minutes ago
- Yahoo
Cohere Scores $500 Million as IPO Talk Heats Up
Cohere just pulled in another $500 million, pushing its valuation to $6.8 billion as the Canadian AI startup inches closer to what's looking like an inevitable IPO. The round was led by Radical Ventures and Inovia Capital, with heavy backing from AMD Ventures (NASDAQ:AMD), NVIDIA (NASDAQ:NVDA), PSP Investments, Salesforce Ventures (CRM) and a handful of new investors. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The fresh cash will go toward ramping up its agentic AI tools software built to make businesses and governments more efficient by automating repetitive work. We're at a pivotal moment, CEO Aidan Gomez said, adding that the new funding sets the stage for the company's next phase of growth. Cohere's also bringing in serious muscle for that next chapter. Joelle Pineau, former VP of AI Research at Meta and a McGill University professor, joins as Chief AI Officer. Francois Chadwick, Uber's (UBER) ex-CFO during its IPO push, takes over as finance chief. Both bring the kind of big-league experience that could help Cohere make the leap to the public markets. For investors, the mix of fresh capital, a stronger exec team, and fast-rising valuation sends a clear message: Cohere's gearing up to play in the AI big leagues. This article first appeared on GuruFocus.
Yahoo
10 minutes ago
- Yahoo
Freeport Unlocks Surprise Copper Cargo
Freeport-McMoRan (NYSE:FCX) just gave the copper market a bit of breathing room. The mining giant is offloading more ore than anyone expected after an oxygen plant problem at its PT Smelting facility in Indonesia stretched a planned four-week shutdown. Warning! GuruFocus has detected 5 Warning Sign with UNH. That smelter usually processes material from Freeport's massive Grasberg copper-gold mine, but with operations on hold, the company suddenly has about 100,000 tons of copper concentrate ready to go. They're moving fast too the shipments need to clear before a short-term export license expires in mid-September. It's not a game-changer for the global copper market, but for smelters scrambling for raw material after a big jump in processing capacity worldwide, it's a welcome dose of supply. This article first appeared on GuruFocus. 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