On Wednesday, Intel (INTC.O) announced that its revenue would suffer following the U.S.’s revocation of some export licenses for a Chinese client, a move criticized by Beijing as an overreach in the name of national security. Although Intel did not disclose the identity of the affected Chinese customer in its Securities and Exchange Commission filing, …
A teardown analysis conducted by online tech repair company iFixit and consultancy TechSearch International, commissioned by Reuters, revealed that Huawei’s latest flagship smartphone, the Pura 70 Pro, incorporates a higher number of components sourced from Chinese suppliers. Among these are a new flash memory storage chip and an upgraded chip processor. These findings, indicating China’s …
In March, Apple (AAPL.O) saw a notable uptick in iPhone shipments in China, with a 12% increase attributed to strategic price adjustments by the company and its retail partners, as per data from a research institute associated with the Chinese government. Figures released by the China Academy of Information and Communications Technology (CAICT) indicated a …
The Biden administration is preparing to expand its strategy to protect U.S. AI technology from China, considering initial steps to regulate the most advanced AI Models, the fundamental software behind artificial intelligence platforms like ChatGPT, according to sources. The Commerce Department is exploring potential regulations to limit the export of proprietary or closed-source AI models, …
Reddit (RDDT.N) announced its potential for turning a profit in the second quarter, buoyed by a thriving advertising sector and content-licensing agreements with AI firms. This revelation delighted investors, propelling shares up by 16% in after-hours trading on Tuesday. Marking its first earnings report since going public in March, Reddit also issued a revenue projection …
German chip manufacturer Infineon (IFXGn.DE) announced a cost savings program on Tuesday as it once again revised down its full-year revenue outlook, attributing it to ongoing industry-wide weak demand. The company adjusted its revenue guidance for the year to 15.1 billion euros ($16.3 billion), with a variation of plus or minus 400 million euros, down …
Infineon Initiates Savings Program Amid Persistent Weak Demand Read More »
German software developer TeamViewer (TMV.DE), opens new tab on Tuesday posted first-quarter revenue slightly below market expectations as customers signed fewer multi-year deals, sending its shares down over 8% at 0805 GMT. TeamViewer’s shares have declined since the end of the COVID pandemic, during which companies had used its remote connectivity software for employees and …
TeamViewer Q1 revenue slightly short of forecasts, shares drop Read More »
Amazon.com (AMZN.O) intends to invest S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore, according to Amazon Web Services (AWS) on Tuesday. This investment adds to the S$11.5 billion already allocated to the Asia Pacific Region until 2023, bringing the total planned expenditure to over S$23 billion …
Amazon to invest approximately $9 billion in expanding cloud infrastructure in Singapore Read More »
Nintendo, based in Japan (7974.T), announced on Tuesday its intention to reveal details about the successor to its enduring Switch console within the financial year concluding by March 2025. The company has prolonged the Switch’s lifecycle through popular titles like “The Legend of Zelda: Tears of the Kingdom,” with attention now focused on the transition …
Nintendo to unveil details about Switch successor by the end of March Read More »
Microsoft (MSFT.O) faced a complaint from a Spanish startup coalition regarding its cloud practices, filed with the Spanish antitrust regulator on Tuesday. This adds to existing grievances over its rapidly expanding cloud computing services, following a similar complaint by a trade group to the EU. The U.S. tech giant ranks second in the cloud computing …
Spanish startups file complaint against Microsoft over cloud practices Read More »
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