Tag Archives: technology
UK’s IG Group says it expects to cut 10% of workforce
(Reuters) -British online trading platform IG Group on Tuesday said it would cut 10% of its headcount as part of cost-saving measures to drive operating margin expansion and become a leaner fintech fi...
Oct 31, 2023
Siemens and Microsoft to work together on AI project
ZURICH (Reuters) -Siemens and Microsoft on Tuesday announced a joint project to use artificial intelligence to increase productivity and human-machine collaboration. The Siemens Industrial Copilot sch...
Oct 31, 2023
Cryptoverse: As good as gold? Spot bitcoin ETFs aim to whip up US demand
By Suzanne McGee (Reuters) - Bitcoin, the original crypto rebel, is racing into the heart of the financial establishment with an exchange-traded fund that tracks its price. But will it strike gold? Th...
Oct 31, 2023
China’s semiconductor state fund invests $2 billion in memory chip firm
BEIJING (Reuters) - China's state-backed chip investment fund has invested 14.56 billion yuan ($1.99 billion) in a memory chip company called Changxin Xinqiao, records showed. The deal saw China Integ...
Oct 31, 2023
Taiwan’s Powerchip chooses northern Japan for planned $5.4 billion fab
TOKYO (Reuters) - Taiwanese chipmaker Powerchip Semiconductor Manufacturing Corp and Japanese financial firm SBI Holdings said on Tuesday they have selected Miyagi prefecture in northern Japan as the ...
Oct 31, 2023
Alibaba upgrades AI model Tongyi Qianwen, releases industry-specific models
By Josh Ye HONG KONG (Reuters) - Chinese technology giant Alibaba said on Tuesday it has updated its artificial intelligence (AI) model Tongyi Qianwen and released a suite of industry-specific AI mode...
Oct 30, 2023
Vietnam eyes first semiconductor plant, US officials warn of high costs
By Francesco Guarascio HANOI (Reuters) - Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building its first chipmaking plant, or fab, two ...
Oct 30, 2023
Samsung Electronics’ Q3 profit falls 78% but chip loss narrows
SEOUL (Reuters) - Samsung Electronics reported a 78% on-year drop in quarterly profit on Tuesday, but still managed to book its best performance so far this year as the battered memory chip market beg...
Oct 30, 2023
Wolfspeed jumps on upbeat quarterly forecast
(Reuters) - Chipmaker Wolfspeed on Monday forecast a smaller-than-estimated second-quarter loss as it expects a boost to its business from a ramp-up in production at its new New York factory, sending ...
Oct 30, 2023
Arista Networks forecasts Q4 revenue above estimates on higher enterprise spend
(Reuters) - Cloud networking solutions provider Arista Networks forecast fourth-quarter revenue above estimates on Monday, as it expects easing supply chain restraints to underscore enterprise spendin...
Oct 30, 2023
