Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Meta shares plunge 16% in Frankfurt after AI spending, revenue forecast
LONDON (Reuters) - Meta Platforms shares plunged 16% early in Frankfurt on Thursday after forecasts of higher expenses and lighter revenue than expected disappointed investors. Shares in the Facebook ...
Apr 25, 2024
China's version of Neuralink unveiled at tech forum
BEIJING (Reuters) - A Chinese state-backed company on Thursday unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink. The company, Beijing Xinzhida Neurotechnology...
Apr 25, 2024
Toyota says to partner with Tencent in China
BEIJING (Reuters) - Toyota Motor will partner with tech giant Tencent in China, it said on Thursday, as it looks to expand its position in the competitive auto market. The world's largest automaker by...
Apr 25, 2024
STMicro cuts FY revenue outlook as slowing car demand bites
(Reuters) - European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decl...
Apr 25, 2024
Apple loses top spot in China market with shipments down 6.6% in Q1, data shows
(Reuters) - Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from...
Apr 24, 2024
Battery firm LG Energy Solution Q1 profit plunges on weak EV sales
By Heekyong Yang and Ju-min Park SEOUL (Reuters) - South Korean battery firm LG Energy Solution (LGES) posted on Thursday a 75% drop in quarterly profit, hit by weakening demand from electric vehicle ...
Apr 24, 2024
Cisco says hackers subverted its security devices to spy on governments
By Raphael Satter WASHINGTON (Reuters) - Technology firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally. In a blog post...
Apr 24, 2024
Teradyne sees strong Q2 results on steady chip-testing equipment demand
(Reuters) - Semiconductor-testing equipment maker Teradyne forecast second-quarter profit and revenue above Wall Street estimates on Wednesday, helped by strong demand for its chip-testing equipment. ...
Apr 24, 2024
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of adv...
Apr 24, 2024
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
By Echo Wang NEW YORK (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indic...
Apr 24, 2024
