Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
China says it will resolutely object if U.S. curbs investment in semiconductor industry
BEIJING (Reuters) - China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China's commerce ministry on Thur...
May 11, 2023
Japan’s Sharp tumbles to $1.9 billion loss on hefty writedown
TOKYO (Reuters) - Sharp Corp, the Japanese electronics maker owned by Taiwan's Foxconn, posted on Thursday a full-year loss of $1.9 billion after writing down the value of its panel display business a...
May 11, 2023
Apple supplier Foxconn’s Q1 profit falls 56% y/y, worse than forecasts
TAIPEI (Reuters) - Apple Inc supplier Foxconn reported on Thursday a 56% fall in first-quarter net profit, as global economic woes hurt demand for smart consumer electronics. The Taiwanese company, wh...
May 11, 2023
Italy’s antitrust probes Apple for alleged abuse of app market dominance
ROME (Reuters) - Italy's antitrust agency AGCM said on Thursday it had opened a probe into U.S. technology giant Apple for alleged abuse of it dominant position in the apps market. The watchdog said A...
May 11, 2023
Nexi sticks to 2023 guidance after profit meets forecasts
MILAN (Reuters) - Italian payments group Nexi stuck to its guidance for the year after posting a 13.6% rise in first quarter core profit as the volume of transactions grew by double-digit percentages ...
May 11, 2023
Eutelsat posts third-quarter sales in line with expectations
(Reuters) - Eutelsat, the world's third-biggest satellite operator by revenue, on Thursday reported third-quarter sales in line with expectations, supported by sustained growth in its fixed broadband ...
May 11, 2023
Siltronic beats guidance amid economic slowdown
(Reuters) - German silicon wafer supplier Siltronic reported on Thursday first-quarter sales that slightly exceeded guidance, despite an economic slowdown, geopolitical uncertainty, a lower wafer area...
May 11, 2023
EV maker Rivian takes bold bet with higher-priced vehicles amid heating competition
By Abhirup Roy SAN FRANCISCO (Reuters) - Rivian Automotive Inc is betting it can keep prices high for its debut lines of electric pickup trucks and sport-utility vehicles even when competition swells,...
May 10, 2023
Intel, Boston Consulting Group team to sell AI to corporate customers
By Stephen Nellis (Reuters) - Intel Corp and Boston Consulting Group on Wednesday said they are working together to sell generative artificial intelligence tools to big businesses. Generative AI is th...
May 10, 2023
Robinhood jumps in extended trade after rev beat, 24-hour trading announcement
By Stephen Culp NEW YORK (Reuters) - Shares of Robinhood Markets Inc were last up 2.4% in extended trading after the company beat quarterly revenue forecasts and confirmed it would launch 24-hour trad...
May 10, 2023
