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News Round Up August | Listed Tech Companies

News Round Up August | Listed Tech Companies

Toshiba is all set to launch exquisitely crafted AI Google TV with Insight features

Paving the way for the future of television, Toshiba is all set to launch the 4K UHD Google TV series – M550 and C350 series. The M550 flagship series, packed with high-end features like Google TV, Quantum dot, Full Array Local Dimming, 2.1 Bazooka Woofer, Far Field Voice Control, Regza Engine 4K Pro AI Picture optimizer, Dolby Vision HDR, and Game Mode and will be available in 55” and 65” sizes. With smart features like Google TV, Regza Engine, Dolby Vision Atmos, Game Mode, and bezel-less design both the M550 and C350 flagship series TVs will be a ticket to elevating the TV viewing experience. It would integrate a set of AI algorithms in real-time to optimize each scene based on picture processors.

Nvidia Corp. called off the attempted acquisition of Arm Ltd.

Nvidia called off its attempted acquisition of U.K.-based design firm Arm Ltd., which would have been the biggest-ever-recorded semiconductor deal. Investors took the news in stride, however. NVDA stock went up on the news. Nvidia is primarily a computer graphics company. More recently, the company has branched off into data center platforms and systems. This has led to one of the more impressive stock market trajectories in recent history. Since mid-February 2017, the stock has gained more than 850%. NVDA shares closed at $258.24 on Feb. 10, and the stock has an average price target of $340.58, according to Yahoo Finance. Its market capitalization is valued at $618 billion.

Sequential increase in revenue earnings of Taiwan Semiconductor Manufacturing Co Ltd (TSM) since its association with Apple

Apple broke its 15-year relationship with Intel Corp. (INTC) in November 2020 to primarily use TSM for all its chip needs and currently TSM is the only company that makes Apple Inc.’s (AAPL) A- and M-series chips. This kind of market share is part of why TSM is closing with a share price of $124.71 and has an average price target of $160.49, according to Yahoo Finance. At the company’s earnings call, Treasurer Jen-Chau Huang said, “Based on the current business outlook, we expect our first-quarter revenue to be between $16.6 billion and $17.2 billion, which represents a 7.4% noticeable increase at the midpoint.”

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Samsung reports a whopping $232 billion in revenue which is an 18% year-over-year revenue increase

Samsung is a South Korea-based IT company focused on worldwide consumer electronics, mobile communications, and business services. During the call, Executive Vice President Ben Suh said the company is working on boosting cost competitiveness, profitability, and capital management efficiency. On the company’s earnings call, Samsung reported a record $232 billion in revenue for 2021, an 18% year-over-year revenue increase. The company offers everything from digital TVs and computers to semiconductor products and LCD displays. Average analyst estimates forecast a share price of $83.66 with a market capitalization value at $424 billion.

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