Tag Archives: technology
Chipmaker STMicroelectronics Q3 sales top estimates
(Reuters) - European chipmaker STMicroelectronics beat expectations on Thursday for third quarter sales, helped by the automotive sector. It posted third-quarter net revenues of $4.43 billion, beating...
Oct 26, 2023
Siltronic sales fall 26% in third quarter
(Reuters) - German chip equipment supplier Siltronic on Thursday reported a 26% drop in its third-quarter sales compared with the same period last year. The provider of silicon wafers for the semicond...
Oct 26, 2023
US third-quarter economic growth seen fastest in nearly 2 years
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher...
Oct 25, 2023
India’s Tech Mahindra shares slide on biggest profit drop in 16 years
BENGALURU (Reuters) - Shares of Indian IT services company Tech Mahindra fell as much as 3.7% in early trade on Thursday, a day after the company posted its biggest profit drop in 16 years. The compan...
Oct 25, 2023
Tesla supplier Syrah expects more graphite buys ahead of China export ban
(Reuters) - Australian producer Syrah Resources on Thursday said it expects buyers outside of China to step up their purchases of natural graphite before stricter export controls on the battery materi...
Oct 25, 2023
Japan’s Denso to invest $3.3 billion to bulk up chips business, president says
TOKYO (Reuters) - Japanese automotive supplier Denso will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business by 2035 from current l...
Oct 25, 2023
China rushes to swap Western tech with domestic options as U.S. cracks down
BEIJING (Reuters) - China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government ...
Oct 25, 2023
China smartphone shipments fall 5% y/y in Q3 to 66.7 million handsets -Canalys
BEIJING (Reuters) - Smartphone shipments in China fell 5% year-on-year in the third quarter to 66.7 million handsets, research firm Canalys reported on Thursday. The Honor smartphone brand took first ...
Oct 25, 2023
SK Hynix’s Q3 loss narrows from Q2 on solid demand for advanced chips
SEOUL (Reuters) -South Korea's SK Hynix posted a sharply narrower loss than in the previous quarter, as strong demand for high-end chips used in artificial intelligence helped ease the impact of a pro...
Oct 25, 2023
US drops digital trade demands at WTO to allow room for stronger tech regulation
By David Lawder WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai has dropped longstanding U.S. digital trade demands in World Trade Organization talks in order to give Congress room to r...
Oct 25, 2023
