Tag Archives: technology
China lockdowns drag on earnings of chipmakers, industrials
By Joyce Lee and Rajesh Kumar Singh (Reuters) - Industrial conglomerates GE and 3M, and chipmakers Texas Instruments and SK Hynix cautioned that China's COVID-19 led stringent curbs were further disru...
Apr 27, 2022
Mixed earnings from U.S. tech giants may do little to assuage worried investors
By David Randall and Lewis Krauskopf NEW YORK (Reuters) - A mixed bag of earnings from some of Wall Street's biggest companies may muddy the outlook for investors hoping to "buy the dip" amid a viciou...
Apr 27, 2022
NetEase’s Cloud Music sues Tencent Music for alleged unfair competition
(Corrects to TME from CME in second paragraph) BEIJING (Reuters) - NetEase's Cloud Music unit said on Wednesday it has initiated legal proceedings against Tencent Music Entertainment (TME), alleging u...
Apr 26, 2022
Chinese drone maker DJI suspends business activities in Russia and Ukraine
SHENZHEN, China (Reuters) - Chinese drone giant DJI Technology Co Ltd said it will temporarily suspend all business activities in Russia and Ukraine pending a review, it said. Last month the company d...
Apr 26, 2022
SK Hynix Q1 profit jumps on server chip demand, but mobile chip demand eases
By Joyce Lee SEOUL (Reuters) -South Korea's SK Hynix Inc on Wednesday posted a 116% jump in first-quarter earnings, supported by solid demand from server clients but slightly missing market expectatio...
Apr 26, 2022
Exclusive-Netflix inks Japan studio deal in anime push
By Dawn Chmielewski and Sam Nussey LOS ANGELES/TOKYO (Reuters) - Netflix Inc on Tuesday announced a multi-film deal with Japan's Studio Colorido, as the streaming giant ramps up its anime offering and...
Apr 26, 2022
BT and Toshiba trial first commercial quantum-secured network
LONDON (Reuters) - Britain's BT and Japan's Toshiba on Wednesday launched the first commercial trial of a quantum-secured network that will block vulnerabilities in encryption that will emerge when qu...
Apr 26, 2022
Samsung Elec to join renewables pledge as S.Korea shifts gears on green energy
By Byungwook Kim (Reuters) - Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100% renewable energy, a person familiar with the matter said, as partn...
Apr 26, 2022
Tesla loses $126 billion in value amid Musk Twitter deal funding concern
By Svea Herbst-Bayliss and Hyunjoo Jin (Reuters) - Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion...
Apr 26, 2022
SpaceX set to launch space station’s next astronaut crew for NASA
By Joe Skipper and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) - Elon Musk's rocket company SpaceX was due to launch the next long-duration astronaut crew to the International Space Station (ISS) for ...
Apr 26, 2022
