Keyword "COMP08" - List of latest news (312 results)

19/04 Wall St Week Ahead Busy US earnings week confronts market grappling with tariff fallout

A heavy slate of U.S. company results in the coming week will test a stock market shaken by a U.S. trade policy overhaul that upended the outlook for the global economy and corporate America.

17/04 Cut shifts or ramp up output? Vietnam's exporters face dilemma amid tariff chaos

There has been a chaotic reaction by exporters in the Southeast Asian industrial hub.

15/04 Elliott builds $1.5-billion stake in Hewlett Packard Enterprise

Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise , a person familiar with the matter said on Tuesday.

14/04 European tech stocks climb as tariff exemptions remove worst-case scenario

Shares in European tech stocks rose on Monday after the U.S. granted exclusions from tariffs for smartphones, computers and some other electronics imported largely from China.

14/04 Taiwan tech supply chain stocks bounce back after Trump tariff exemptions

Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China.

12/04 US excludes smartphones, computers from Trump's reciprocal tariffs

The Trump administration has granted tariff exclusions for smartphones, computers and other electronics imports supplied largely by China, sparing them from much of President Donald Trump's steep 125% duties.

12/04 What Samsung and Vietnam stand to lose in Trump's tariff war

Samsung would face significant hit from US tariffs on Vietnam.

03/04 Breakingviews - Silver Lake’s sharp elbows risk being dislocated

Egon Durban is used to getting the better end of a deal. The co-CEO of private-equity shop Silver Lake has guided U.S. technology and media titans like $790 billion Broadcom and $66 billion Dell Technologies through canny buy-and-build sprees. At key moments, though, he has reached into a toolbox that includes finely crafted structures conferring an advantage on insiders, angering rabble-rousers l

03/04 Trump's auto tariffs to cover $600 billion in imports, including laptop computers

U.S. President Donald Trump's 25% auto tariffs will cover nearly $600 billion worth of vehicles and auto parts imports annually and extend to all computer imports into the U.S. - including laptops - according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.

01/04 China's Xiaomi says it is cooperating with police after fatal EV accident

China's Xiaomi said on Tuesday that it was actively cooperating with police after a fatal accident involving a SU7 electric vehicle on March 29 and it had handed over driving and system data.

28/03 Australia pours billions into missile procurement amidst global shortages

The Ukraine war and increased European defence spending are likely to slow Australia's plans to develop its own missile components' capability as it pushes ahead with a multibillion-dollar effort to acquire long-range strike missiles.

25/03 How companies are responding to Trump's tariffs

Corporate America is scrambling to implement countermeasures as U.S. President Donald Trump's latest tariffs on Chinese imports went into effect last week, while some levies on Canada and Mexico have been suspended.

07/03 Hewlett Packard Enterprise shares tumble after US tariffs hit forecasts

Shares of Hewlett Packard Enterprise fell over 16%, on track for their worst day on Friday, after the AI-server maker said its annual profit forecast would be hit by U.S. tariffs in an intensely competitive market.

07/03 Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push

Hewlett Packard Enterprise said on Thursday it would lay off 5% of its workforce, or over 2,500 employees globally, as part of a cost-saving program and forecast its second-quarter revenue below Wall Street estimates, triggering a 16.5% drop in shares during aftermarket trading.

07/03 Broadcom shares surge as solid forecast eases demand worries for AI chips

Broadcom CEO on Thursday assuaged investor worries about AI chip demand with a strong second-quarter forecast and hinted about new potential customers that could boost revenue in a highly competitive market.

22/01 Carbon markets investor kicks off $1.5 billion Amazon protection plan in Davos

A carbon markets investor backed by Swiss-trading house Mercuria said on Wednesday it had joined with two non-profits to raise an initial $1.5 billion to help protect the Amazon, by working with Brazilian states, farmers and local communities.

06/01 Chip firms surge on hopes of strong AI-led demand

Shares of chipmakers jumped on Monday as Microsoft's plan to invest $80 billion in AI-enabled data centers in fiscal 2025 spurred bets that semiconductor demand would remain strong.

03/01 Foreign smartphone shipments in China slump 47% in November

Shipments of foreign-branded smartphones, including Apple Inc's iPhone, in China fell in November by 47.4% from a year earlier, according to data released on Friday from a government-affiliated research firm.

24/12 Home goods retailer The Container Store files for bankruptcy protection

Custom closets manufacturer The Container Store filed for Chapter 11 bankruptcy protection in the United States, as the retailer struggles with mounting debt and weak consumer demand.

23/12 Xerox to buy printer maker Lexmark from Chinese owners in $1.5 bln deal

Xerox Holdings said on Monday it would buy Lexmark International, the maker of printers and printing software, in a$1.5 billion deal.

13/12 Kane to remain England captain, all players have clean slate under Tuchel

Harry Kane will remain England captain when Thomas Tuchel takes charge in January, the German said on Friday, signalling that all the players can count on a clean slate when the 2026 World Cup qualifying campaign starts under his management.

12/12 Russia will boost AI clout despite West's sanctions, Sberbank first deputy CEO says

Russia has the potential to improve its position in global AI ratings by 2030 despite Western sanctions thanks to talented developers and own generative AI models, Alexander Vedyakhin, first deputy CEO of Russia's largest lender Sberbank, told Reuters.

09/12 China launches anti-monopoly probe into Nvidia

China on Monday said it has launched an investigation into Nvidia Corp over suspected violations of the country's anti-monopoly law, in a move that will likely be seen as a retaliatory move against Washington's recent chip curbs.

05/12 Breakingviews - Japan’s virtuous M&A circle starts with 7-Eleven

The battle for control of Japan’s Seven & i is being cheered in Tokyo as evidence of improving efficiencies of the world’s third-largest economy. Officials can hasten a virtuous circle of dealmaking if they make the right next moves.

03/12 US chips are 'no longer safe' to buy, Chinese industry bodies say

Chinese companies should be wary of buying U.S. chips as they are "no longer safe" and buy locally instead, four of the country's top industry associations said on Tuesday in a rare coordinated response to Washington's curbs.

03/12 Breakingviews - Bain's Japan chip IPO is a tough sell

Bain Capital has a tricky job on its hands. The private equity firm is set to list Japanese memory-chip maker Kioxia six years after leading its bold carve-out from Toshiba. Trouble is, it means poor returns for the sellers. And Kioxia's crippling debt pile may put off potential new investors.

02/12 Exclusive: Kioxia sets IPO price range of 1,390-1,520 yen per share, sources say

Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, two people familiar with the matter said.

28/11 China's state media praise some U.S. firms amid fears of a new trade war

China's state media have praised some U.S. firms for "strong collaboration" - commentary that comes amid fears of a trade war and is reminiscent of how tensions with the U.S. were covered by Chinese newspapers during Donald Trump's first presidency.

27/11 Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from U.S. President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint.

26/11 Trump's tariff pledge spells trouble for auto and tech companies

President-elect Donald Trump on Monday pledged tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars.

24/11 Thales denies wrongdoing as Anglo-French bribery probe hits shares

Britain and France are investigating suspected bribery and corruption.

22/11 Samsung ordered to pay $118 million for infringing Netlist patents

A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology for improving data processing in high-performance memory products.

20/11 China's cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth following into market segments sheltered from tariffs and likely to ride an eventual economic recovery.

18/11 Exclusive: India cenbank plans 2025 launch of cloud services, countering dominance of global firms

India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential.

17/11 Tata seals deal with Pegatron for iPhone plant in India's Tamil Nadu, sources say

India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters.

05/11 After SpaceX's requests, Taiwanese suppliers move manufacturing abroad, sources say

Elon Musk's SpaceX asked Taiwanese suppliers to transfer manufacturing off the island, leading to some relocating portions of their supply chain, according to sources employed by and close to the equipment makers and corporate documents.

02/11 Tsitsipas' hopes of making ATP Finals over after loss to Zverev in Paris

German third seed Alexander Zverev knocked Stefanos Tsitsipas out of the Paris Masters with a 7-5 6-4 win in the quarter-finals on Friday, ending the Greek's hopes of qualifying for the season-ending ATP Finals in Turin, Italy.

30/10 Siemens to buy engineering software firm Altair for $10.6 bln

Siemens will buy Altair Engineering for $10.6 billion, the American engineering software firm said on Wednesday, as it seeks to strengthen its presence in the fast-growing industrial software market.

30/10 Super Micro Computer says Ernst & Young resigns as auditor, shares tank

Super Micro Computer said on Wednesday Ernst & Young had resigned as its auditor, sending its shares tumbling more than 30% and deepening investor worries about accounting practices at the artificial intelligence server maker.

24/10 Europe's top court rules for Intel to end long-running antitrust case

The EU Court of Justice, Europe's top court, ruled on Thursday in favour of Intel , ending a nearly two-decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival.

24/10 Software firm Dassault Systemes cuts 2024 revenue forecast on auto sector slowdown

French software company Dassault Systemes cut its 2024 revenue growth forecast for the second time in four months on Thursday, citing the slowdown in the global automotive industry.

23/10 IBM misses third-quarter revenue estimates as consulting drags; shares fall

International Business Machines missed analysts' estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business.

11/09 Tech firms halve business travel in 2023 but Alphabet, Apple lag, study shows

Global tech giants halved their business flight emissions in 2023 compared to 2019, but companies like Apple and Google's parent Alphabet are falling behind, risking a return to pre-pandemic levels, a Brussels-based NGO said in a report.

10/09 Exclusive: Data center operator Switch weighs IPO at about $40 billion valuation, sources say

The owners of Switch are exploring an initial public offering (IPO) of the data center operator that could value it at about $40 billion, including debt, according to people familiar with the matter.

09/09 US proposes requiring reporting for advanced AI, cloud providers

The U.S. Commerce Department said Monday it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can withstand cyberattacks.

05/09 Broadcom forecasts lukewarm quarterly revenue despite AI chip surge, shares fall

Chipmaker Broadcom forecast fourth-quarter revenue slightly below Wall Street expectations on Thursday, hurt by sluggish spending in its broadband segment.

05/09 FedEx invests in AI robotics company Nimble to boost its supply chain business

FedEx said on Thursday it has invested in AI robotics and autonomous technology company Nimble to help scale up the delivery giant's Fulfillment unit which aids small and medium-sized businesses in fulfilling orders and managing inventory.

02/09 HP to continue $4 billion damages case against Mike Lynch

Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

30/08 Dell shares jump as AI server demand boosts results, forecasts

Shares of Dell Technologies rose 6% in premarket trading on Friday, after robust demand for its artificial intelligence-powered servers propelled the company to raise its full-year earnings and revenue forecasts.

30/08 Dell raises forecasts as demand surges for Nvidia powered AI servers

Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia's powerful chips, sending its shares up about 3% in extended trading.

29/08 'Windfall' fees now less likely for lawyers who sued to cut Musk's Tesla pay

The lawyers who sued successfully to void Tesla CEO Elon Musk's $56 billion pay package are seeking a record $6 billion in fees, and the judge who will decide the amount got some unsolicited guidance this month from the state's top court: Do not give windfalls.

29/08 Morning Bid: Nvidia 'beats' as expected, but fallout limited

A look at the day ahead in U.S. and global markets from Mike Dolan

29/08 France's Macron visits Serbia to boost EU ties, discuss Rafale deal 

France's President Emmanuel Macron travels to Belgrade on Thursday to bolster ties with Serbia and bring it closer to the West, as the Balkan country juggles its European Union membership bid and close ties with Russia and China.

28/08 HP returns to revenue growth, driven by PC market recovery and AI demand

HP Inc beat Wall Street estimates for third-quarter revenue on Wednesday, marking its first quarter of revenue growth after eight consecutive quarters of decline.

27/08 Hindenburg takes aim at AI server maker Super Micro with short position

Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged "accounting manipulation" at the AI server maker, the latest by the short seller whose reports have rocked several high-profile companies.

26/08 IBM to close China R&D department, affecting over 1,000 jobs

IBM will completely shut its China R&D operation, affecting more than 1,000 jobs, the U.S. technology company said on Monday.

22/08 Mike Lynch was a British tech trailblazer who died at sea after US trial acquittal

Mike Lynch, the tech tycoon who died when his luxury yacht sank off Sicily, spent more than a decade building Britain's biggest software company and almost as long again fighting charges he had inflated its value to secure a multi-billion-pound sale.

21/08 China goes ape over culture-boosting 'Black Myth: Wukong' video game

Chinese state media threw its back behind China's most successful single-player video game to date, saying its adaptation of the Ming dynasty epic "Journey to the West" would force Western players to learn more about the country's culture.

20/08 Tencent-backed video game 'Black Myth: Wukong' hits record player numbers on debut

A new video game title launched on Tuesday by a Tencent-backed startup has quickly become the most-played game on a major online platform, highlighting growing interest in Chinese-developed titles.

20/08 Breakingviews - Google solution is distribution, tech and time

Unwinding a $2 trillion monopoly is no easy task. U.S. judge Amit Mehta decided earlier this month that Alphabet-owned Google illegally fortified its spot as the number-one search engine. The problem is the firm’s utter market domination, built on self-reinforcing troves of data and access to users.

14/08 Court upholds blockbuster $267 million legal fee award in Dell lawsuit

Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell Technologies , the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall.

13/08 Google unveils new phones and other gadgets powered by AI

Alphabet’s Google on Tuesday unveiled a lineup of new Pixel smartphones with deeper integrations of itsartificial intelligence technology as it races to incorporate AI into its hardware.

08/08 Slumping US tech stocks tempt some buyers to brave rocky market

Investors are tiptoeing back into shares of U.S. tech stocks following a sharp tumble, even as some still-elevated valuations threaten to punish dip buyers if markets stumble again.

07/08 Morning Bid: BOJ eases market migraine, Super Micro aches

A look at the day ahead in U.S. and global markets from Mike Dolan

05/08 Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia

Apple and Nvidia led a sell-off in technology stocks on Monday as U.S. recession fears and Berkshire Hathaway's decision to cut its stake in the iPhone maker punctured a months-long rally in the sector.

03/08 Intel shares slump 26% as turnaround struggle deepens

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once-dominant global position.

12/07 NATO summit highlights defense deals for RTX, Boeing and others

The NATO summit in Washington showcased a series of significant deals for top U.S. defense companies and others, including RTX , Lockheed Martin , Boeing , Norway's Kongsberg Defense and Sweden's SAAB .

10/07 Global PC shipments rise in second quarter, Apple sees biggest jump, IDC says

Global shipments of personal computers rose by 3% in the second quarter, helped by demand for AI-capable devices, with Apple seeing the biggest growth among PC makers, preliminary data from research firm IDC showed on Tuesday.

08/07 Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company is "outlandish," the latest twist in a legal showdown over Musk's $56 billion pay package.

02/07 Italian firms bridge skills gap with own schooling

After years of informal work as a farm labourer, Federico Olivieri, 29, could not believe it when a huge building site appeared next to his home in Sicily with training on offer for the numerous specialised jobs required.

02/07 Echoes of dotcom bubble haunt AI-driven US stock market

A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology.

28/06 Fujifilm once struggled to sell cameras. Now, it can't keep up with demand

For years, Japan's Fujifilm pivoted away from its legacy camera business to focus on healthcare. But thanks in large part to the TikTok crowd, its retro-themed X100 digital cameras are now a roaring success, boosting its bottom line.

25/06 AI stocks to leave big impact on Russell reconstitution

Investors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence (AI) related stocks over the past year expected to leave an outsized imprint on their final shape.

25/06 Nvidia short sellers make $5 billion from three-day selloff, data shows

Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies.

22/06 US imposes sanctions on Russia's AO Kaspersky Lab executives over cyber risks

The Biden administration slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after it announced plans to bar the sale of the Russian company's antivirus software.

20/06 Nvidia set to solidify position as world's most valuable company

Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether's lead as the world's most valuable company, after partners Dell and Super Micro Computer received server orders for Elon Musk's AI startup.

19/06 Dell, Super Micro providing server racks for xAI's supercomputer

Dell Technologies and Super Micro Computer will provide server racks for the supercomputer that Elon Musk's artificial intelligence startup xAI is building, the U.S. businessman said on social media platform X on Wednesday.

19/06 UK probes Hewlett Packard Enterprise's $14 bln deal for Juniper Networks

Britain's competition regulator said on Wednesday it was investigating whether Hewlett Packard Enterprise's planned $14 billion acquisition of Juniper Networks would result in competition concerns in the country.

10/06 Exclusive: Apollo, Kyndryl in bid for DXC Technology, sources say

Buyout firm Apollo Global and Kyndryl Holdings , the information technology services provider that was spun out of IBM , are in talks about a joint bid for DXC Technology , people familiar with the matter said on Monday.

10/06 Arm, Qualcomm legal battle seen disrupting AI-powered PC wave

A two-year legal battle pitting two tech titans threatens to disrupt an emerging wave of new personal computers powered by artificial intelligence, tech industry executives and experts say.

07/06 Banks say growing reliance on Big Tech for AI carries new risks

The boom in artificial intelligence will increase banks' dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said.

07/06 British tech pioneer Mike Lynch acquitted at US fraud trial

Autonomy founder Mike Lynch was acquitted of fraud on Thursday by a jury in San Francisco, a major win for the entrepreneur who has been dogged by legal problems since the disastrous sale of his company to Hewlett-Packard (HP) for $11 billion in 2011.

05/06 Hewlett Packard Enterprise surges as AI-server demand powers strong results

Hewlett Packard Enterprise rose about 14% in premarket trading after the company forecast third-quarter revenue above Wall Street estimates, helped by growing demand for its AI-optimized servers.

03/06 Exclusive: Arm aims to capture 50% of PC market in five years, CEO says

Arm Holdings aims to gain more than 50% of the Windows PC market in five years, the chip designer's CEO said, as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British firm's technology.

03/06 US criminal trial of British tech founder Mike Lynch to wrap up

Jurors at the trial of British tech pioneer Mike Lynch are expected to hear closing arguments in San Francisco on Monday in the fraud case related to Hewlett-Packard's $11 billion acquisition of his software company Autonomy in 2011.

31/05 Nvidia set to overtake Apple as world's second-most valuable company

The reliance of virtually all artificial intelligence applications on Nvidia's chips has helped the stock nearly triple in value over the past year to $2.72 trillion.

31/05 Dell shares slump as heavy AI investments expected to dent margin

Dell is on track to lose more than $17 billion in market value if premarket losses hold.

30/05 Dell beats first-quarter revenue estimates as AI boom bolster server demand

Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, ending a streak of six-quarters of decline, but its results fail to impress investors, sending its shares down more than 13% in extended trading.

30/05 Wall St slips as investors juggle growth data; Salesforce weighs on Dow

U.S. stock indexes fell on Thursday, with a plunge in Salesforce dragging on the Dow, while data showing the economy grew slower than previously expected in the first quarter supported bets of interest-rate cuts from the Federal Reserve this year.

29/05 HP beats revenue estimate on recovering PC demand

HP Inc beat Wall Street estimates for second-quarter revenue on Wednesday, signaling a recovery in the personal computer (PC) market as customers upgrade their systems.

27/05 China sets up third fund with $47.5 bln to boost semiconductor sector

China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run companies registry.

25/05 Dell hits record high amid rally in AI stocks

Shares of Dell Technologies hit a record high on Friday amid a rally in companies working on generative artificial intelligence applications, buoyed by strong optimism for the new technology.

24/05 Micron hit with $445 million US verdict in Netlist patent trial

Chipmaker Micron Technology owes computer-memory company Netlist $445 million in damages for violating Netlist's patent rights in memory-module technology for high-performance computing, a U.S. jury said on Thursday.

21/05 Second global AI summit secures safety commitments from companies

Sixteen companies at the forefront of developing Artificial Intelligence pledged on Tuesday at a global meeting to develop the technology safely at a time when regulators are scrambling to keep up with rapid innovation and emerging risks.

21/05 IBM makes more AI models open source and lands Saudi Arabia deal

International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi Arabia train an AI system in Arabic.

20/05 Dell deepens AI push with new PCs, Nvidia-powered servers

Dell Technologies unveiled a range of AI-enabled PCs powered by Qualcomm processors and said a new server which supports Nvidia's latest chips will be available from the second half of 2024.

20/05 South Korea, UK to co-host second global AI summit as boom fans risks

South Korea and the United Kingdom will co-host the second global AI summit in Seoul this week, as the breathtaking pace of innovation since the first AI summit in November leaves governments scrambling to keep up with a growing array of risks.

16/05 Newly privatised Toshiba to cut 4,000 jobs in restructuring drive

Japan's Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership.

10/05 Dollar’s stubborn strength dents US companies’ earnings cheer

A host of U.S. companies are faced with a problem they had not expected to confront this year: a rising dollar.

01/05 AMD, Super Micro tumble as earnings fall short

Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors, who had piled into the sector on hopes rising AI investments would boost demand.

30/04 Logitech targets faster growth via education, health and AI

Logitech International is targeting faster growth in future by expanding its customer base into areas like education and healthcare as well as doing more with artificial intelligence, Chief Executive Hanneke Faber said on Tuesday.

30/04 Baidu, Tesla agree on mapping deal for FSD in China, sources say

Baidu , China's major internet search company, reached an agreement with Tesla to grant the car company access to its mapping license for data collection on China's public roads, two people familiar with the matter said.

26/04 Western Digital tops profit expectations on demand from cloud-computing customers

Western Digital surpassed expectations for quarterly revenue and profit on Thursday, riding on a surge in demand for its data storage products from cloud service providers.

25/04 Brazil's QI Tech gets unicorn status after fresh General Atlantic-led investment

Brazilian financial services provider QI Tech has reached a valuation of more than $1 billion, it said in a statement on Thursday, getting "unicorn" status after a new investment round led by equity investor General Atlantic.

25/04 IBM falls as enterprise-spending constraints choke consulting demand

Shares of International Business Machines fell more than 9% on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.

25/04 New ASML boss Fouquet must navigate US/China chip war

ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech company through the US/China "chip war", while maintaining the group's lead over rivals and managing the current AI boom.

24/04 IBM to buy HashiCorp in $6.4 billion deal to expand cloud software

International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand.

23/04 IBM nearing deal for cloud software provider HashiCorp, source says

International Business Machines is nearing a deal to buy cloud software provider HashiCorp , according to a person familiar with the matter.

23/04 Exclusive: China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence chips through resellers, despite the U.S. widening a ban last year on the sale of such technology to China.

22/04 Meta opens Quest operating system to third-party device makers

The operating system that powers Meta Quest headsets can now be used by third-party hardware makers, Meta Platforms said on Monday.

16/04 AMD introduces AI chips for business laptops and desktops

Advanced Micro Devices unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as the chip designer looks to expand its share of the lucrative "AI PC" market.

16/04 Baidu says AI chatbot 'Ernie Bot' has attracted 200 million users

China's Baidu said on Tuesday its artificial intelligence chatbot “Ernie Bot” has garnered more than 200 million users as it seeks to remain China’s most popular ChatGPT-like chatbot amid increasingly fierce competition.

10/04 Exclusive: Deutsche Telekom, Airbus slam plan allowing Big Tech access to EU cloud data

Deutsche Telekom , Orange , Airbus and 15 other EU companies have criticised a proposal that would allow Amazon , Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts.

09/04 Japan's Kishida expects more US chip collaboration opportunities

Japanese Prime Minister Fumio Kishida said on Tuesday he saw opportunities for more collaboration with the United States in next-generation computer chips.

04/04 US criminal case against Huawei heads toward 2026 trial

The U.S. Justice Department's criminal case accusing China's Huawei of misleading banks about the tech company's business in Iran, among other charges, is heading toward a January 2026 trial.

04/04 Explainer: Why maintaining ASML equipment is the new front in US-China chip war

The U.S. government has called on allies to force computer chip manufacturing equipment companies to stop maintaining some of the tools they have sold in China, part of Washington's efforts to undermine China's ability to produce its own advanced computer chips.

03/04 Microsoft, Quantinuum claim breakthrough in quantum computing

Microsoft and Quantinuum on Wednesday said they have achieved a key step in making quantum computers a commercial reality by making them more reliable.

02/04 US, Canadian companies kick off 2024 with layoffs

Companies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs.

02/04 Brazil's Pix payments are killing cash. Are credit cards next?

In just three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector.

28/03 How the US stock market rocketed through the first quarter

The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities.

26/03 Dell reduces workforce as part of broader cost cuts

Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday.

22/03 US business equipment borrowings up 4% in February, ELFA says

U.S. companies borrowed 4% more to finance equipment investments in February compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday.

21/03 Micron hits record high as AI demand powers strong forecast

Memory chipmaker Micron Technology surged to a record high on Thursday after its strong revenue forecast fanned optimism that soaring demand for AI hardware would take the Nvidia supplier to new peaks.

21/03 India 'screwed up': How the U.S. lobbied New Delhi to reverse laptop rules

India reversed a laptop licensing policy after behind-the-scenes lobbying by U.S. officials, who however remain concerned about New Delhi's compliance with WTO obligations and new rules it may issue, according to U.S. trade officials and government emails seen by Reuters.

19/03 Nvidia's dizzying rally spurs rush into AI-themed ETFs

The fervor around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia .

18/03 Nvidia expands ties with Chinese EV makers as auto AI race heats up

Nvidia said on Monday it is expanding its collaborations with BYD and other Chinese automakers that are racing to build self-driving vehicles and AI-augmented infotainment technology to compete in global markets.

18/03 Extradited British tech founder Mike Lynch starts U.S. fraud trial

Mike Lynch, the wealthy tech founder once hailed as Britain's answer to Steve Jobs, will face a U.S. jury in California on Monday at a trial over the accusation he defrauded Hewlett-Packard in the $11 billion sale of his software company Autonomy.

18/03 Warehouse developers bet on India as companies look beyond China

Land is getting hard to find in a sprawling industrial park in southern India where workers are scrambling to build modern new warehouses and factories for companies betting on the country's economic boom or diversifying their supply chains beyond China.

15/03 McDonald's suffers global tech outage, rules out cybersecurity incident

McDonald's said on Friday a technology outage had disrupted operations at many of its outlets worldwide, including Japan and Australia, but ruled out the possibility of a cybersecurity incident.

13/03 US stocks may not be in a bubble, but a pullback could be near

Some market participants believe the relentless U.S. stock rally is poised for a breather, even if it remains unclear whether equities are in a bubble or a strong bull run.

12/03 Toyota becomes Asia's most shorted large-cap stock - Hazeltree

Automaker Toyota Motor Corp became the most shorted large-cap stock by hedge funds in the Asia Pacific region in February, overtaking Takeda Pharmaceutical , a report from data firm Hazeltree showed on Tuesday.

11/03 AI talent war heats up in Europe

An influx of artificial intelligence (AI) startups is heating up the battle for technical talent in Europe, leaving companies like Google DeepMind to choose between paying big or losing out on the region's best minds.

10/03 Former ValueAct partner Haggart to launch activist firm, sources say

A former partner at ValueAct Capital Management, one of Wall Street's best known activist investment firms, will start his own firm, according to people familiar with the matter, marking one of the most high profile activist firm launches in years.

05/03 Apple, Tesla, other tech companies prevail in US child labor appeal

A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo.

05/03 Apple China iPhone sales plunge 24% as Huawei's popularity surges

Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei (HWT.UL).

04/03 Super Micro shares jump as AI-bet gears up for S&P 500 entry

Shares of Super Micro Computer jumped 12% in premarket trading on Monday after the artificial-intelligence server maker was set to join the S&P 500 index , highlighting the growing dominance of AI stocks in Wall Street's benchmark index.

02/03 Lawyers who voided Elon Musk's pay as excessive want a $6 bln fee

The lawyers who voided Elon Musk's $56 billion compensation as excessive are seeking a record legal fee worth $6 billion, payable in the electric car maker's stock, according to a Friday court filing.

01/03 Nvidia closes with $2 trillion valuation as Dell stokes AI rally

Nvidia's stock market value closed above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies reignited Wall Street's AI-fueled rally.

01/03 Dell shares soar as annual forecast gets a boost from AI adoption

Dell Technologies shares surged 27% on Friday after the tech equipment maker provided an annual forecast that was largely ahead of Wall Street expectations and reinforced rising demand for AI-related gear.

01/03 Breakingviews - Make in India can dial up Chinese characteristics

India’s ambition to become a factory to the world can use a helping hand from China. The South Asian country wants to triple electronics exports to $300 billion in about three years, but its firms lack the expertise to manufacture parts like display screens and camera modules - areas dominated by suppliers from the People's Republic. Convincing them to set up factories in India will be tricky, but

01/03 Wall Street hunts for more AI gold after Nvidia’s soaring rally

Money managers are scrambling to cash in on the stock market’s interest in artificial intelligence, as a stunning rally by Nvidia sparks a search for other companies that are capitalizing on the technology.

01/03 Dell forecasts upbeat fiscal 2025 on AI server demand

Dell Technologies forecast annual revenue and profit above Wall Street estimates on Thursday, betting on demand for its artificial intelligence servers, sending the company's shares up more than 16% in after-hours trading.

29/02 Breakingviews - Baidu may be the world's most unloved AI stock

Global investors just can't get enough of AI stocks, except if it's Baidu , . China's $36 billion search-engine operator lags artificial intelligence leaders like Microsoft , but has made progress on its answer to OpenAI's ChatGPT. Yet its stock plunged 8% in New York trading on Wednesday despite decent results. It now trades below 10 times forward earnings. Blame a wider rout in Chinese equities

29/02 China's Alibaba Cloud rolls out price cuts of up to 55% on cloud products

China's Alibaba Cloud said on Thursday it will cut prices on its cloud service products by an average of 20% in its second large-scale price adjustment programme in recent years.

28/02 Splunk beats quarterly revenue estimates on steady demand for cloud services

Data analytics software maker Splunk topped Wall Street estimates for fourth-quarter revenue and profit on Tuesday, bolstered by strong demand for its cybersecurity software and cloud solutions. Splunk provides a broad range of data security applications for businesses and analysts consider them among the best at ingesting, monitoring and analyzing machine data.

27/02 Vietnam plans union reform to avert trade woes, risking foreign firms' unease

Communist-ruled Vietnam is expected to ratify this year the UN convention for the free establishment of trade unions, UN officials and diplomats said, in a move meant to cut risks of trade disputes but likely leaving some foreign companies uneasy.

26/02 Nvidia bets dominate US options market as AI fervor grows

Investors' fervor for all things AI-related is leaving its mark on the U.S. options market, as traders pile in to derivatives bets to gain exposure to the red-hot investing theme.

23/02 Saudi sovereign wealth fund pitches kingdom as AI hub

The head of Saudi Arabia's Public Investment Fund (PIF) on Thursday pitched the kingdom as a prospective hub for artificial intelligence activity outside the United States, citing its energy resources and funding capacity.

22/02 Nvidia races to $2 trillion mark as AI mania sparks Wall St tech rally

Nvidia inched closer to $2 trillion market value after the bellwether for AI chip demand once again exceeded Wall Street's sky-high expectations, re-igniting a global rally in tech stocks.

22/02 China's Lenovo posts revenue growth after five quarters of decline

China's Lenovo Group , the world's largest maker of personal computers (PCs), reported stronger-than-expected earnings on Thursday, with revenue returning to growth after five quarters of decline amid a post-COVID-19 slowdown.

22/02 Nvidia’s growing sway over U.S. stock market

No single stock has embodied the U.S. market’s artificial intelligence fervor as much as Nvidia Corp , leaving Wall Street tied to the fluctuations of its volatile shares.

22/02 China's Lenovo posts Q3 revenue growth, beats analyst estimates

China's Lenovo Group , the world's largest maker of personal computers, on Thursday reported October-December revenue of $15.72 billion, up 3% from the same period a year earlier.

20/02 Nvidia's stock rally sputters ahead of quarterly report

A scorching rally in Nvidia's shares this year came to a halt on Tuesday as investors worried if the high-flying chip designer's quarterly results would justify its towering valuation.

20/02 Nasdaq leads Wall St losses as Nvidia slides; Walmart hits record high

The tech-heavy Nasdaq led losses on Wall Street on Tuesday as chipmaker Nvidia fell sharply in early trading, while retail industry bellwether Walmart's upbeat forecast limited losses on the Dow.

20/02 Nvidia dethrones Tesla as Wall Street's most traded stock

Chipmaker Nvidia is replacing Tesla as Wall Street's most traded stock, adding to its prominence after becoming the third-most valuable U.S. company and showing more evidence of how central AI-related bets have become to investors.

19/02 Britain's NCA, FBI, Europol disrupt Lockbit cybercrime gang

Lockbit, a notorious cybercrime gang that holds its victims' data to ransom, has been disrupted in a rare international law enforcement operation by Britain’s National Crime Agency, the U.S. Federal Bureau of Investigation and Europol, according to a post on the gang’s extortion website on Monday.

17/02 Wall St Week Ahead High-flying Nvidia’s earnings could test US stock market’s AI dreams

Next week’s earnings report from chipmaker Nvidia could prove a gut check for one of the market’s hottest names, and for the artificial intelligence fever that has helped power gains for U.S. stocks in recent months.

15/02 AI firms surge after chip giant Nvidia discloses stake

Shares of smaller AI firms rallied on Thursday after the world's most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy.

15/02 Berkshire trims Apple, sheds four stocks, mum on new investment

Berkshire Hathaway on Wednesday said it has trimmed its huge stake in Apple and shed four common stock holdings, and kept investors guessing on what could be a major new investment by Warren Buffett.

12/02 HP claims $4 bln losses in London lawsuit over Autonomy deal

Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate the company's value, HP's lawyers told a London court on Monday.

12/02 Exclusive: Engaged Capital gains support of VF heirs to shake up North Face owner

Activist investor Engaged Capital has the backing of the founding family of VF Corp in its push for board seats and faster change at the struggling owner of the North Face, Vans and Timberland brands, one of the heirs told Reuters.

08/02 US says leading AI companies join safety consortium to address risks

The Biden administration on Thursday said leading artificial intelligence companies are among more than 200 entities joining a new U.S. consortium to support the safe development and deployment of generative AI.

07/02 China's Bytedance says Zhang Nan resigns as Douyin Group's CEO

TikTok owner Bytedance said on Wednesday that Zhang Nan has resigned as the CEO of Douyin Group, the popular short video platform's sister app in China.

05/02 Insight: China bets on open-source chips as US export controls mount

When a Beijing-based military institute in September published a patent for a new high-performance chip, it offered a glimpse of China's bid to remake the half-trillion dollar global chip market and withstand U.S. sanctions.

02/02 Amazon and Meta surge after results, while Apple drops

Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results.

31/01 AI companies lose $190 billion in market cap after Alphabet and Microsoft report

AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft , Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring.

29/01 US arms exports hit record high in fiscal 2023

Sales of U.S. military equipment to foreign governments in 2023 rose 16% to a record $238 billion, the U.S. State Department said on Monday, as countries sought to replenish stocks sent to Ukraine and prepare for major conflicts.

26/01 Exclusive: US to propose 'know your customer' requirements for cloud computing companies

The Biden administration will soon propose requirements for cloud companies aimed at finding out who is accessing U.S. clouds to train AI models, U.S. Commerce Secretary Gina Raimondo said on Friday, as the burgeoning AI sector raises increasing security concerns.

26/01 Western Digital Corp posts wider Q2 loss, sees impact of structural changes

Data storage products maker Western Digital Corp posted a wider-than-expected quarterly adjusted loss on Thursday, due to the impact of structural changes the company implemented in its flash and HDD businesses.

25/01 IBM shares soar to more than 10-year high on rosy AI outlook

IBM shares jumped nearly 13% to a more than 10-year high on Thursday after the company reported a better-than-expected revenue outlook backed by strong demand for its artificial intelligence (AI) services.

25/01 Apple's iPhone shipments in China drop 2% in Q4 as Huawei grows market share

Apple's smartphone shipments in China shrank 2.1% in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday.

24/01 IBM forecasts annual revenue growth above estimates on AI adoption rush

IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI).

23/01 China regulator removes draft video game rules from website; shares jump

China's gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a move that boosted gaming company shares.

22/01 Japan leads Asia stocks higher, central banks loom

AI helped the tech sector ahead of a week of central-bank meetings, economic data and corporate earnings.

19/01 TSMC's bullish outlook cheers Taiwan stocks, government

Taipei-listed shares of Taiwanese chipmaker TSMC soared on Friday after the company gave a bullish outlook for the year on the back of the boom in artificial intelligence (AI), cheering tech stocks at home and abroad.

18/01 Intel gains boost in battle against EU antitrust fine

U.S. chipmaker Intel's fight against a 1.06 billion euro ($1.2 billion) EU antitrust fine was boosted on Thursday by an adviser to Europe's top court finding EU regulators at fault on their economic analysis.

17/01 AI buzzes Davos, but CEOs wrestle with how to make it pay

Bright banners tout the promise of artificial intelligence along the main promenade of Davos, but executives at the World Economic Forum (WEF) say they are grappling with how to turn early demos into money-makers.

16/01 Ukraine's Zelenskiy meets JPMorgan executives, other major investors in Davos

Ukrainian President Volodymyr Zelenskiy said he met with executives of JPMorgan, the largest U.S. lender, and other major international investors on the sidelines of the World Economic Forum in Davos on Tuesday.

12/01 Exclusive: India data centre firm Yotta's Nvidia AI chip orders to reach $1 bln -CEO

Indian data centre operator Yotta's plans to purchase more AI chips from its partner Nvidia will be worth $500 million, taking its total order book with the U.S. firm to $1 billion as Yotta beefs up AI cloud services, its chief executive told Reuters.

10/01 HPE to acquire Juniper Networks in $14 bln deal

Hewlett Packard Enterprise will buy networking gear maker Juniper Networks in a deal valued at $14 billion to accelerate its AI-driven innovation.

09/01 Juniper soars on reports Hewlett Packard Enterprise close to $13 bln deal

Juniper Networks' shares climbed nearly 21% on Tuesday after reports Hewlett Packard Enterprise was nearing a $13 billion deal for the networking gear maker to capitalize on the boom in artificial intelligence.

09/01 Hewlett Packard Enterprise nears $13 bln deal to buy Juniper Networks - source

Hewlett Packard Enterprise is in talks to buy Juniper Networks in a deal valuing the network gear maker at about $13 billion, a person familiar with the matter told Reuters on Monday.

07/01 India's Tamil Nadu in $4.4 billion deals with Apple suppliers, other investors

India's southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron , as well as auto major Hyundai Motors , it said on Sunday.

05/12 Amazon latest to criticise Microsoft in UK cloud market probe

Amazon has told Britain's antitrust authority its rival Microsoft uses business practices that restrict customer choice in the cloud computing market, the second major company to criticise the U.S. tech giant's operations.

05/12 Five killed as southern India braces for Cyclone Michaung

Heavy rains submerged roads and shut down a major airport in southern India on Tuesday, where at least five people, including a child, were killed in the flooding and the havoc hours before a severe cyclone was due to make landfall.

04/12 Foxconn and Pegatron halt Indian iPhone output due to extreme weather -sources

Taiwan's Foxconn and Pegatron have halted production of Apple iPhones at their factories near Chennai in southern India because of heavy rains, sources close to the matter said on Monday.

02/12 Impact of Amazon's climate-driven drought may last until 2026

The Amazon rainforest's record-breaking drought hit home for Raimundo Leite de Souza one October morning, he said, when he woke to find the stream that runs behind his house had dropped nearly a foot overnight, stranding his skiff in a mudflat.

28/11 Morning Bid: Treasuries gobbled up, oil braces for OPEC

A look at the day ahead in U.S. and global markets from Mike Dolan

18/11 Elon Musk says X to file 'thermonuclear' lawsuit against media watchdog

X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site.

16/11 Lenovo posts another revenue decline as PC demand remains slow

China's Lenovo Group Ltd on Thursday posted a 16% fall in revenue for the three months through September, meeting market expectations, as supply for personal computers (PCs) continued to outstrip demand.

15/11 Berkshire sheds General Motors, Johnson & Johnson, Procter & Gamble as it builds cash

Berkshire Hathaway said it has shed its holdings in General Motors , Johnson & Johnson and Procter & Gamble , and trimmed its stake in Amazon.com , as the conglomerate controlled by Warren Buffett boosted its cash pile to a record $157.2 billion.

15/11 Exclusive: China's Bytedance is talking to likely buyers about gaming unit Moonton's sale-sources

TikTok owner ByteDance has been meeting up with potential buyers for a sale of its gaming unit Moonton Technology two years after it acquired the Shanghai-based studio in a deal that valued it at $4 billion, people familiar with the matter said.

14/11 Nvidia upgrades flagship chip to handle bigger AI systems

Nvidia on Monday added new features to its top-of-the-line chip for artificial intelligence, saying the new offering will start to roll out next year with Amazon.com , Alphabet's Google and Oracle .

09/11 Nvidia plans to release three new chips for China - local media

Nvidia is planning to release three new chips for China, local media reported on Thursday, weeks after the U.S. blocked it from selling two high-end artificial intelligence (AI) chips and one of its top gaming chips to Chinese firms.

07/11 Capgemini Q3 revenue falls, with decline in North America

French IT consulting group Capgemini on Tuesday posted a 1.3% fall in third quarter revenue at current exchange rates, citing a microeconomic context that "remains challenging" and with revenues declining in the North American region.

05/11 Foxconn sticks to strong end-of-year sales outlook

Taiwan's Foxconn , the world's largest contract electronics maker and a major Apple supplier, on Sunday stuck to its previous outlook of strong year-end holiday sales, and said customers were buying well in China and the United States.

02/11 Governments race to regulate AI tools

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology.

01/11 PC market recovery gathers pace as Intel, AMD tout potential of 'AI PC'

The earnings of Intel and Advanced Micro Devices have offered more evidence a recovery is gathering pace in the personal computer market, boding well for an industry that had been grappling with a supply glut after the pandemic.

31/10 Chief executives of Air India, Akasa joust over poaching of pilots

The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job switching can breach competition law.

31/10 Alibaba upgrades AI model Tongyi Qianwen, releases industry-specific models

Chinese technology giant Alibaba said on Tuesday it has updated its artificial intelligence (AI) model Tongyi Qianwen and released a suite of industry-specific AI models amid an intensifying AI race among tech companies.

30/10 Western Digital to split flash memory business after Kioxia merger talks stall

Western Digital said on Monday it would split itself into two companies that would focus on the hard drive and flash memory markets, days after talks of a merger with Japan's Kioxia stalled.

30/10 Nvidia-backed startup Seurat hints at IPO after $99 million fundraise

3D metal-printing startup Seurat Technologies on Monday hinted at potentially going public in the medium-term and said it had raised $99 million in a funding round co-led by chip designer Nvidia's venture capital arm.

27/10 Taiwan chip industry pushes government to speed up renewables

Taiwan's chip industry is ready to work with the government to achieve its 2050 net-zero goal but development of new energy sources needs to be hastened as demand for artificial intelligence booms, a top industry executive said on Friday.

26/10 Insight: China rushes to swap Western tech with domestic options as U.S. cracks down

China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.

25/10 IBM's quarterly revenue beats estimates on resilient software, strong mainframe

IT software and consultancy services provider IBM reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions and a stronger-than-expected mainframe business.

24/10 Logitech feeling more confident after Q2 - CFO

Logitech International is feeling more optimistic after slowing its rate of sales decline and offsetting the downturn with cost cuts during its second quarter, Chief Financial Officer Chuck Boynton said on Tuesday.

22/10 Foxconn faces tax audit, land use probe - Chinese state media

Foxconn Technology Group , Apple Inc's largest supplier of iPhones, has been subjected to tax audits at some of its key subsidiaries, suspected of violating laws and regulations, Chinese state media reported on Sunday.

18/10 Foxconn to build AI data factories using Nvidia chips and software

Taiwan's Foxconn , the world's largest contract manufacturer, will build artificial intelligence data factories using Nvidia chips and software to use in products including self-driving cars, the companies said on Wednesday.

17/10 China's Baidu unveils latest version of its Ernie AI model

Chinese technology giant Baidu on Tuesday unveiled the newest version of its generative artificial intelligence (AI) model, Ernie 4.0, saying its capabilities were on par with those of ChatGPT maker OpenAI's pioneering GPT-4 model.

14/10 US banks, tech firms offer support for Israel victims, announce aid

As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts.

11/10 Exclusive: Southeast Asia eyes hands-off AI rules, defying EU ambitions

Southeast Asian countries are taking a business-friendly approach to artificial intelligence regulation in a setback to the European Union's push for globally harmonised rules that align with its own stringent framework.

09/10 Israel's tech sector could face disruptions after attacks -investors

Tech companies operating in Israel are expected to fortify security as they could face disruptions, said investors and analysts, after Hamas gunmen from Gaza killed hundreds of Israelis and abducted an unknown number of others.

07/10 US restricts trade with 42 Chinese entities over support for Russia's military

The U.S. Commerce Department on Friday added 42 Chinese companies to a government export control list over their support for Moscow's military and defense industrial base - support that includes the supply of U.S.-origin integrated circuits.

27/09 Meta to signal future of AR/VR investments at annual Connect conference

Meta CEO Mark Zuckerberg on Wednesday is set to update investors on his plan to build the immersive metaverse that he has pitched as the future of computing at the company's first in-person conference since the start of the pandemic.

26/09 Water-sharing protests disrupt India's tech hub of Bengaluru

Police detained protesters on Tuesday in India's tech hub of Bengaluru after one tried to commit suicide and another was injured while demonstrating against the sharing of water from a river that flows through two states, media and officials said.

26/09 Cisco's $28 billion Splunk deal may ignite software deal frenzy

Cisco Systems' $28 billion deal for Splunk is likely to prompt other technology giants to splash out on similar acquisitions of software vendors with predictable subscription revenue, investment bankers and analysts say.

23/09 India to delay import licensing of laptops after US, industry push back, sources say

India will defer an import licence requirement for laptops and tablets, two government officials said, a policy U-turn after industry and the U.S. government complained about the move, which could hit Apple , Samsung and others.

22/09 Intel hit with $400 mln EU antitrust fine in decades-old case

Intel was fined 376 million euros ($400 million) on Friday in an EU antitrust case stemming from the U.S. chipmaker's anti-competitive practice nearly two decades ago to block rivals.

17/09 Exclusive: EU may become as hooked on China batteries as it was on Russian energy

While the EU has a strong position in the intermediate and assembly phases of making electrolysers, with a more than 50% global market share, it relies heavily on China for fuel cells and lithium-ion batteries crucial for electric vehicles.

14/09 Wall St rises as economic data fails to dent rate-pause hopes; Arm debut in focus

Wall Street's main indexes rose on Thursday as hotter-than-expected economic data did not dent hopes of a pause in rate hikes in September, while investors awaited Arm Holdings' stock market debut.

13/09 Musk, Zuckerberg, Gates to join US senators for AI forum

The U.S. Senate's top Democrat is bringing U.S. technology leaders including Tesla CEO Elon Musk, Meta Platforms CEO Mark Zuckerberg and Alphabet CEO Sundar Pichai to Capitol Hill on Wednesday for a closed-door forum on how Congress should set artificial intelligence safeguards.

12/09 New Alibaba Group CEO lays out strategic priorities for staff -letter

New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven", according to an internal letter reviewed by Reuters.

11/09 Tesla jumps as analyst predicts $600 bln value boost from Dojo

Tesla rallied 6% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker's market value by helping speed up its foray into robotaxis and software services.

08/09 Apple suppliers slide on China anxiety, threat from Huawei

China's widening curbs on iPhone use by government staff intensified a sell-off in global tech stocks on Friday, fanning fears that Apple and its suppliers could take a hit from rising Sino-U.S. tensions and growing competition from Huawei.

06/09 IBM notifies J&J unit Janssen CarePath's customers of unauthorized data access

IBM said on Wednesday it is notifying customers of Janssen CarePath, a Johnson & Johnson unit, of a "data incident" involving unauthorized access of personal information.

01/09 Dell raises full-year forecasts on AI strength, demand recovery

Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.

31/08 Factbox: Big names in Big Tech to attend AI forum of US Senate's Schumer

U.S. Senate Majority Leader Chuck Schumer will host tech leaders and experts at an artificial-intelligence (AI) forum on Sept. 13, as several governments around the world are considering how to mitigate the dangers of the emerging technology.

30/08 Terry Gou, the man who made iPhones, bids again to be Taiwan president

After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn , now wants to turn his entrepreneurial skills elsewhere - to be the island's next president.

27/08 U.S. trade chief flags concerns over India's license mandate for laptop, tablet imports

U.S. trade chief Katherine Tai has raised concerns with India over the Asian nation's new order mandating licenses for the import of laptops, tablets and personal computers, according to a statement.

18/08 Focus: From Mad Men to machines? Big advertisers shift to AI

Some of the world's biggest advertisers are experimenting with using generative AI software to cut costs and increase productivity.

18/08 Foreign investors undeterred by China tensions, says Taiwan stock exchange chairman

Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters.

17/08 Lenovo Q1 revenue misses, hit by poor PC demand

China's Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers.

14/08 Australian court fines Dell unit $6.5 mln for misleading customers on discounts

Australia's Federal Court on Monday ordered Dell Technologies Inc's local unit to pay A$10 million ($6.46 million) in penalties for making misleading representations on its website about discounts for add-on computer monitors.

08/08 Pope warns against potential dangers of artificial intelligence

Pope Francis on Tuesday called for a global reflection on the potential dangers of artificial intelligence (AI), noting the new technology's "disruptive possibilities and ambivalent effects."

03/08 Hindu-Muslim riots expose risk at major Indian business hub

Hindu-Muslim clashes just outside the Indian capital this week have worsened religious fault lines in the region and exposed a booming business hub to threats of violence and disruption, authorities and analysts said.

03/08 India restricts import of laptop, computers to push local manufacturing

India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing.

03/08 AI chip firm Tenstorrent raises $100 mln from Hyundai, Samsung

Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group and a Samsung investment fund, among others.

01/08 Foxconn Industrial Internet denies signing deal with Tamil Nadu -report

A subsidiary of tech giant Foxconn said that it had not signed any agreement to invest 16 billion rupees ($194.6 million) in Tamil Nadu, China's Securities Times reported on Tuesday.

31/07 Morning Bid: Asian markets face tough act to follow

Stocks could be in for a bumpy start to the week if they expect to outdo robust gains enjoyed the week prior.

27/07 China's video game player population rises to a record at end-June

China's video game player has grown to a record of 668 million, a government-run game industry association said on Thursday, as the world's biggest gaming market returns to growth after a bruising crackdown.

25/07 Logitech raises sales forecast for first half of 2024

Logitech International on Tuesday raised its sales outlook for the first half of its 2024 financial year, in the first set of results since longstanding CEO Bracken Darrell quit the computer peripherals maker last month.

24/07 As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

Japan's imposition of export controls on chip making tools to align with a U.S. policy restricting China's ability to produce advanced semiconductors is worrying some officials in Tokyo who believe a combative U.S. approach may hamper coordination and needlessly provoke Beijing.

19/07 IBM misses second-quarter revenue estimates as IT spending cools

Enterprise software provider IBM's second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by tepid spending from businesses.

18/07 White House partners with Amazon, Google, Best Buy to secure devices from cyberattacks

The White House on Tuesday along with companies such as Amazon.com Inc , Alphabet's Google and Best Buy will announce an initiative that allows Americans to identify devices that are less vulnerable to cyberattacks.

12/07 IBM mulls using its own AI chip in new cloud service to lower costs

International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive said Tuesday.

11/07 Foxconn eyes India chipmaking incentives after quitting $19.5 bln JV

Taiwan's Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion chipmaking joint venture.

06/07 VW ready to deal with China metal curbs; chipmakers play down fallout

Volkswagen is monitoring metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, it said on Thursday, while some chipmakers played down fears of shortages.

06/07 TSMC foresees no direct impact on production from China's metal export curbs

Taiwan's TSMC , the world's largest contract chipmaker, said on Thursday it does not expect any direct impact on its production from China's decision to restrict exports of two metals widely used in semiconductors and electric vehicles.

22/06 Factbox: Modi's US visit may encourage more American firms to invest in India

Indian Prime Minister Narendra Modi's visit to the United States may encourage more American companies to consider investing in the South Asian country as they look to reduce their reliance on China for manufacturing-related activities.

14/06 EU lawmakers vote for tougher AI rules as draft moves to final stage

European Union lawmakers on Wednesday agreed changes to draft artificial intelligence rules to include a ban on the use of the technology in biometric surveillance and for generative AI systems like ChatGPT to disclose AI-generated content.