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British startup Graphcore hits US$2bil valuation
LONDON: Graphcore Ltd, the British semiconductor firm whose chips are used to run artificial intelligence programs, has raised US$150mil, bringing its valuation to US$1.95bil.
Quick take: Globetronics shares fall 5.4% on earnings miss
KUALA LUMPUR: Shares of Globetronics Technology Bhd fell over 5% in early trade Tuesday after the company reported financial results that missed analyst expectations
Quick take: Mi Technovation gains 3.7%, top gainers on Bursa Malaysia
KUALA LUMPUR: Mi Technovation Bhd, which has been on an uptrend, hit an all-time high amid a weak broader market due to the current political situation.
MMS Ventures sees lower Q1 sales due to Covid-19 effect
GEORGE TOWN: MMS Ventures Bhd expects its sales of semiconductor test equipment to decline by over 10% in the first quarter ending March 31 due to the coronavirus (Covid-19) outbreak, compared to the same period of 2019.
World stocks slip as coronavirus fears spur safe-haven buying
NEW YORK: Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low.
Earnings concerns on expensive tech stocks
AFTER a strong rally in 2019 and despite the broader market volatility, it is no surprise that technology stocks on Bursa Malaysia have become more expensive on the back of rising valuations.
Testing support at 1,530 points
REVIEW: Bursa Malaysia endured a losing streak amid downgrades on economic growth in the region as analysts and central banks weighed the impact of the Covid-19 outbreak over the coming quarters.
Quick take: Mi Technovation shares hit all-time high
KUALA LUMPUR: Mi Technovation Bhd, which has been on an uptrend, hit an all-time high as investors focused on news of no cancelled orders from Covid-19 outbreak as well as its latest earnings.
Risks of potential delays
Production of technology and EMS firms may be affected
Chip designer Dialog de-risks with US$500mil Adesto deal
Anglo-German chip designer Dialog Semiconductor is buying California-based Adesto Technologies for US$500mil (RM2.09bil) to diversify further away from its reliance on Apple