Cree announced preliminary results for its third quarter of fiscal 2020 ended March 29, 2020 and provided a business update in light of the COVID-19 pandemic, which has had a greater impact than originally anticipated when the company provided the third quarter outlook on January 29, 2020. Revenue for the third quarter of fiscal 2020 is expected to be approximately US$216 million, compared to US$274 million in the third quarter of fiscal 2019 and US$240 million in the second quarter of fiscal 2020. The Company expects GAAP net loss for the third quarter of fiscal 20...

More companies published their response to the impacts resulted by coronavirus pandemic. Signify announced several measures of the company including suspending its fiscal 2020 outlook postponing Capital Market Day. Infineon Technologies reported withdrawal of its business outlook of fiscal 2020. (Image: Pixabay) Signify said that it has taken considerable action focused on the health and safety of its employees, on customer engagement and supply chain continuity and on free cash flow generation and operating expenses. The company also decided to suspend its financial outlook...

The Hong Kong Trade Devleopment Council (HKTDC) announced that it will reschedule the Hong Kong International Lighting Fair (Spring Edition) from April 6 to 9 to July 25 to 28 concerning coronavirus. HKTDC noted that it will take measures to prevent infection including distributing personal health control notice to the attendees, providing mask and hand sanitizer upon request and cleaning elevator buttons as well as escalator handles from time to time. As the novel coronavirus continues to spread across the broader and the infected number still goes up, many...