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SK Hynix weighs US listing to finance factory expansion
South Korean Chipmaker SK Hynix is considering listing in the United States to boost its valuation, as it aims to increase its factory capacity. SK Hynix’s U.S. listing would be on the New York Stock Exchange, the Korea Economic Daily reported. It would list around 2.4% of its foreign shares as American depositary receipts. “Our company is considering various measures to enhance corporate value, including a U.S. stock market listing using treasury stock, but nothing has been finalised at this time,” SK Hynix wrote in a regulatory filing. SK Hynix will provide further disclosures once it finalises a decision or within one month, it said. The company is nearing completion of its M15X fabrication plant in South Korea’s North Chungcheong Province, with production to start in 2026. It has been building a semiconductor cluster in Gyeonggi Province, and has estimated it will need KR₩600 trillion (A$610.73 billion) to fund these four factories. South Korea is also considering building a ₩4.5 trillion chip foundry to strengthen domestic manufacturers like SK Hynix and Samsung Electronics, which would be jointly financed by public and private investment. SK Hynix was labelled as an investment warning stock by the Korea Exc
Hardware
Broadcom beats estimates; shares fall 5%
Broadcom beat estimates on earnings and revenue last quarter, driven by a surge in artificial intelligence semiconductor sales. Revenue was up 28% year-over-year to a record US$18,02 billion, above LSEG estimates of $17.49 billion. Earnings per share rose 37% to $1.95, passing estimates of $1.86. “We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches,” said Broadcom CEO Hock Tan. Its AI semiconductor revenue increased by 74% year-over-year, according to Tan. The semiconductor solutions segment, which represents 61% of Broadcom’s revenue, saw revenue rise 35% to $11.07 billion. Broadcom’s infrastructure software revenue was up 19% to $6.94 billion. Its GAAP net income grew by 97% to $8.52 billion. Adjusted EBITDA increased 34% to $12.22 billion. The company’s operating income was $7.51 billion, up from $5.89 billion last year. Operating expenses declined to $4.74 billion from $4.82 billion, due to a slight decrease in research and development spending. Next quarter, the company projects revenue of $19.1 billion, beating average analyst estimates of $18.3 billion. It expects adjusted EBITDA to b
Hardware
US ends restrictions on Nvidia H200 chip sales in China
The United States will end export controls on Nvidia’s H200 artificial intelligence chips to China, President Donald Trump said, in exchange for 25% of sales being paid to the U.S. government. Chinese President Xi Jinping “responded positively” to the proposal, according to Trump. Nvidia previously agreed to pay 15% of its China revenue to the U.S. after the U.S. ended its ban on selling less-advanced H20 chips. “I have informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security,” Trump wrote on Truth Social. “The Department of Commerce is finalizing the details, and the same approach will apply to AMD, Intel, and other GREAT American Companies.” China’s government has reportedly told companies not to buy Nvidia’s H20 chips despite the end of the ban, warning of national security concerns. H20 chips were designed for the Chinese market, and are less advanced than its flagship Blackwell chips to comply with export controls. Nvidia’s H200 chips are higher-end than the H20, though still below Blackwell chips. Its Blackwell and forthcoming Rubin chips are not par
Hardware
Dell surges on upbeat AI server outlook, record results
Dell Technologies reported fiscal 2026 third-quarter results and issued upgraded fourth-quarter and full-year guidance, driving its shares higher in extended United States trading on Tuesday (Wednesday AEDT). The company also confirmed David Kennedy as its permanent chief financial officer. The results came in broadly ahead of market expectations. Adjusted earnings per share (EPS) hit a record $2.59 exceeded the $2.47 consensus estimate, while revenue of $27.01 billion was marginally below the expected $27.13 billion, despite hitting a record high and lifting 11% year-on-year. Cash flow from operations reached $1.2 billion. Shares jumped around 4.5% in extended trading as the company flagged further growth driven largely by AI server demand. CFO David Kennedy said: “FY26 will be another record year, and we’re raising our AI shipment guidance to roughly $25 billion, up over 150% year over year, and revenue guidance to $111.7 billion, up 17%.” Dell expects to sell $9.4 billion worth of AI servers in the fourth quarter, excluding a recent deal to supply Nvidia-based GB300 systems to Iren, a neocloud provider that plans to rent the systems to Microsoft. The company forecasts approximately $31.5 billion in fourth-q
Hardware
Tesla recalls over 10k units of Powerwall 2 batteries
Tesla recalled around 10,500 units of its Powerwall 2 battery, according to a United States Consumer Product Safety Commission disclosure. The battery is used as a backup for residential use, and the notice said it was recalled due to overheating. “The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to stop functioning during normal use, which can result in overheating and, in some cases, smoke or flame and can cause death or serious injury due to fire and burn hazards,” the CPSC recall notice said. Tesla blamed the issue on a “third-party battery cell defect”, but did not name the supplier. The company also said it is remotely limiting the charge on affected units to minimise risk while it arranges free replacements for customers. Tesla also reassured customers that the issue does not affect Powerwall 3. There were 22 complaints leading up to the recall, including five resulting in “minor property damage”, but no known injuries. The Powerwalls are sold by Tesla’s energy division, which was the company’s biggest growth engine in the third quarter of 2025. The energy division saw a revenue jump of 44% to US$3.42 billion, representing around one-quarter of Tesla’s overall revenue.

Hardware
Cisco shares hit new high on Q1 result, revenue upgrade
The Cisco Systems share price jumped to a new high after the company announced a 5% increase in net income for the first quarter of the 2026 financial year (Q1 FY26) and raised its revenue forecast. The networking equipment manufacturer said net income rose to US$2.9 billion (A$4.4 billion) in Q1 from $2.7 billion in the previous corresponding period and diluted earnings per share increased 6% to 72 cents on revenue which grew 8% to $14.9 billion. Cisco said strong top and bottom-line growth exceeded its guidance and delivered continued operating leverage. AI Infrastructure orders from hyperscaler customers totalled $1.3 billion, reflecting a significant acceleration in growth.Source: Cisco Systems“We had a solid start to fiscal 2026, and Cisco is on track to deliver our strongest year yet,” Chair and CEO Chuck Robbins said in an earnings release. “The widespread demand for our technologies highlights the critical role of secure networking and the value of our portfolio as customers move quickly to unlock the potential of AI (artificial intelligence).” Chief Financial Officer Mark Patterson said Cisco delivered a strong quarter with top and bottom-line performance exceeding guidance and solid margins, and operating
Hardware
CoreWeave revenue up, shares drop on data centre delay
Cloud infrastructure provider CoreWeave beat estimates on revenue last quarter, though shares dropped by 16.3% as a delay at a data centre partner weighed on its guidance. Revenue was US$1.36 billion, up from $583.94 million year-over-year and passing LSEG estimates of $1.29 billion. Its net loss was $110.12 million, improving from a loss of $359.81 million. “We delivered an exceptional third quarter, setting new records for revenue and almost doubling our revenue backlog to more than $55 billion,” said CoreWeave CEO Michael Intrator. “Our performance reflects disciplined execution across every part of our business, from scaling infrastructure and expanding capacity to deepening customer relationships and advancing our software and services. CoreWeave’s position as the essential cloud for AI has never been stronger as we drive growth through focus and innovation to power the next generation of AI.” While CoreWeave added eight new data centres in the U.S. last quarter, Intrator said a third party developer was currently behind schedule due to supply chain issues, leading to lower fourth quarter expectations. It projects full-year revenue will be $5.05-5.15 billion, below estimates of $5.29 billion. CoreWeave’s rev
Hardware
Qualcomm chipset growth drives earnings beat
Qualcomm beat estimates on revenue and earnings per share last quarter, driven by major growth in its chipset business. Revenue increased 10% year-over-year to US$11.27 billion, passing LSEG estimates of $10.79. Earnings per share were up 12% to $3.00, above estimates of $2.88. “Our business remains strong as demonstrated by record QCT revenues in fiscal 2025,” said Qualcomm CEO Cristiano Amon. Its QCT segment includes wireless chipset technologies. “We delivered 18% year-over-year growth in total QCT non-Apple revenues, with combined fiscal year Automotive and IoT revenue growth of 27%. We are excited about our business momentum, the availability of our automated driving stack, and our expansion to data centers and advanced robotics.” GAAP earnings before taxes grew by 14% to $2.97 billion. The company said it expects lower cash tax payments in the future due to new United States legislation, but it received a $5.7 billion charge last quarter for a valuation allowance against U.S. tax assets. QCT revenues were up 13% to $9.82 billion, driven by 14% growth in Handsets and 17% in Automotive. The segment’s earnings before taxes rose 17% to $2.90 billion. QTL, Qualcomm’s patent licensing business, saw revenue fall 7
Hardware
Beta Technologies closes 6% up on NYSE debut
Amazon-backed electric aircraft company, Beta Technologies, closed up 6% at US$36 per share in its NYSE debut. The company priced shares in its IPO at $34, surpassing expectations of $27 to $33. In its stock market debut, the company managed to sell 29.9 million shares, raising more than $1 billion at a valuation of $7.4 billion. Beta Technologies' public debut is an achievement for founder and CEO, Kyle Clark and was an untraditional approach to building an aviation company. “And I said, ‘You know what? It actually is not. I think the more time we spend with investors, the better this is going to be for Beta’,” Clark said in an interview Monday evening. “As people started to dig really deep into the tech and the strategy, we got stronger and stronger, and our oversubscription speaks for itself.” The company is still relatively small, posting a net loss of $183.2 million in the first half of this year, compared to $37.1 million in the first half of last year. Despite this, revenue still doubled from US$7.6 million in 2017, when the company was founded, to US$15.6 million. Beta Technologies still decided to go public in the midst of a government shutdown that started at the beginning of October, while the Secur