Category Archives: (KFGO The Mighty 790) Technology
Twitter queries banks on Musk’s attempts to undermine $44 billion deal
By Tom Hals WILMINGTON, Del. (Reuters) - Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while al...
Aug 02, 2022
SK Hynix says has developed its most advanced 238-layer storage chip
SEOUL (Reuters) - South Korea's SK Hynix Inc has developed its most advanced NAND flash chip made up of 238 layers of memory cells for use in PC storage devices and later smartphones and servers, the ...
Aug 02, 2022
Semtech to buy Sierra Wireless in $1.2 billion deal
(Reuters) - Semiconductor supplier Semtech Corp will acquire Canada's Sierra Wireless Inc in a deal valued at $1.2 billion, the companies said on Tuesday. Semtech will acquire all shares of Sierra Wir...
Aug 02, 2022
Robinhood posts 6% sequential increase in 2nd qtr revenue
(Reuters) - Robinhood Markets Inc posted a 6% sequential increase in second quarter revenue despite a market sell-off in equities and cryptocurrencies. Robinhood announced last quarter that it was cha...
Aug 02, 2022
Brazil’s Cielo Q2 net profit doubles, beating forecasts
(Reuters) - Brazilian payment processor Cielo SA said on Tuesday its second-quarter net profit more than doubled, beating analysts' forecasts. The company, controlled by lenders Bradesco and Banco do ...
Aug 02, 2022
Robinhood cutting workforce by 23%
By Hannah Lang (Reuters) -Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 23% of its employees, sending its shares down more than 3% in extended trading. The compa...
Aug 02, 2022
AMD forecasts current-quarter revenue largely below estimates
By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Advanced Micro Devices Inc on Tuesday forecast third-quarter revenue slightly below Wall Street estimates, and the chip designer's shares fell 5%. The co...
Aug 02, 2022
PayPal reveals $2 billion stake held by Elliott, announces new CFO
(Reuters) - PayPal Holdings said on Tuesday Elliott Investment Management has an over $2 billion investment in the company, making the activist investor one of the largest shareholders in the fintech ...
Aug 02, 2022
Electronic Arts sales forecast disappoints as gaming craze cools
(Reuters) - Electronic Arts Inc on Tuesday forecast quarterly adjusted sales below estimates as easing COVID-19 curbs cool the pandemic-era gaming rage by unlocking other avenues for entertainment. Th...
Aug 02, 2022
Michigan working to attract chip manufacturers under new U.S. bill – governor
By David Shepardson WASHINGTON (Reuters) - Michigan Governor Gretchen Whitmer said the state is well positioned to attract new investment in semiconductor chips manufacturing after Congress passed $52...
Aug 02, 2022
