By Nathan Vifflin(Reuters) -Chinese demand for ASML (AS:ASML)’s chip-making tools has been stronger than expected in 2025, Chief Financial Officer Roger Dassen said on Wednesday.ASML, the world’s biggest supplier of computer chip-making equipment, had warned in October that China sales would drop to 20% of its net system sales. However, they are so far looking stronger than anticipated, Dassen ...
By Nora EckertDETROIT (Reuters) -Ford Motor’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year, one of the automaker’s top executives said on Wednesday.John Lawler, Ford’s vice chair and former chief financial officer, gave a rare glimpse into the automaker’s earnings in the country, where it has been restructuring to ste ...
Investing.com -- Shares of Cadence Design Systems Inc (NASDAQ:CDNS) fell by 1.7% while Arm Holdings (NASDAQ:ARM) saw a 3.1% decline, as Cadence announced its intention to acquire Arm’s Artisan foundation IP business. The move aims to enhance Cadence’s design IP offerings and expand its presence in system-on-chip (SoC) designs.The agreement, subject to regulatory approvals and customary closi ...
Investing.com -- The U.S. Army Corps of Engineers has granted national energy emergency status to Enbridge (NYSE:ENB)’s proposed tunnel for its Line 5 pipeline, thus accelerating a critical federal permitting process. The decision was made on Wednesday, following President Donald Trump’s order to the Army Corps to issue permits for the filling of wetlands and the construction or dredging in wa ...