News
ST. PETERSBURG, FL – Jabil beat revenue estimates for the May period, reporting preliminary fiscal third quarter net revenue of $6.3 billion, up 3.3% year-over-year. The net loss was $50.3 million, compared to net income of $44 million for the same quarter last year.
FRAMINGHAM, MA – IDC lowered its 2020 forecast for spending on Internet of Things devices to 8.2%, but said double-digit growth rates will return in 2021.
SANTA CLARA, CA – Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the US defense industry and work on new technology, according to reports.
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