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Huawei is attempting to avoid US chip sanctions, trade body alleges
Nov 13,2023
Chinese telecommunications company Huawei is building a collection of secret semiconductor fabrication facilities across China, according to the US trade group Semiconductor Industry Association (SIA). On Tuesday, Bloomberg published claims from the ...
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Foxconn exits chip-making joint venture in India with Vedanta
Nov 13,2023
India's big push for semiconductor manufacturing took a hit on Monday when contract manufacturer Hon Hai Precision, better known as Foxconn, said it is pulling out from a planned semiconductor joint venture with Indian firm Vedanta. "Foxconn is worki...
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Zoom issues disappointing revenue forecast as growth continues to slow
Nov 13,2023
Videoconferencing platform Zoom issued a disappointing forecast as part of its 2022 fourth quarter financial results last night, as some workers start to return to the office and customers slow down their investment in video technology. While qu...
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Apple acquires UK fintech startup Credit Kudos
Nov 13,2023
Apple is acquiring the UK-based fintech startup Credit Kudos for an undisclosed amount, as Apple typically doesn't disclose the price of its acquisitions. Credit Kudos last raised
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After the SWIFT ban, can Russia find other routes for its money - including crypto?
Nov 13,2023
A weekend ban preventing Russia from using SWIFT, the world's largest financial messaging network, appeared to have near immediate and far-reaching economic consequences this week. A rolling series of sanctions from the US and and other nations in re...
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Alphabet layoffs: Company trades recruitment team for tech talent
Nov 13,2023
Google-parent Alphabet late on Wednesday let go of hundreds of employees from its recruiting team in continuation of its efforts to operate more efficiently as macroeconomic uncertainty looms. The company, which faces stiff competition from Microsoft...
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EU lists 'gatekeepers' to be regulated, opens iMessage and Bing investigations
Nov 13,2023
The European Commission has published a list of so-called gatekeeper companies that will be regulated by its Digital Markets Act (DMA), simultaneously announcing it will open investigations into the arguments put forward by Microsoft and Apple that c...
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UK regulator refers cloud infrastructure market for investigation
Nov 13,2023
UK communications regulator Ofcom has published an interim report that proposes the cloud infrastructure market be referred to the UK's Competition and Markets Authority (CMA) due to concerns around a decline in competition. The report said that exis...
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Cloud boosts Microsoft's strong third quarter
Nov 13,2023
Microsoft posted strong results across the board for its third quarter of 2022, with total revenue increasing by 18% year-over-year to$49.4 billion, thanks in large part to continued growth of its cloud products. Net income for the quarter was$16.7 b...
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Samsung beats Intel as top semiconductor seller as overall demand rises
Nov 13,2023
For the first time since 2018, the biggest-selling semiconductor vendor in the world was not Intel, which lost the top spot to Samsung in 2021, per a report released today by Gartner Research. Global semiconductor revenue jumped 26.3% during the year...
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Annual public cloud revenue reaches half a trillion dollars
Nov 13,2023
Global revenue generated by public cloud services topped the$500 billion mark in 2022, according to new data released this week by research firm IDC. The actual figure was$545.8 billion, IDC's research found, a sum that represents a 22.9% increase ov...
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Zendesk confirms cut-price $10.2B buyout
Nov 13,2023
Customer service software company Zendesk has announced it will be acquired for$10.2 billion by a group of investors led by private equity firm Hellman & Friedman and investment company Permira, as well as a wholly owned subsidiary of the Abu Dha...
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