Tag Archives: technology
OVH forecasts lower revenue growth in 2024 amid tough backdrop
(Reuters) -OVHcloud on Wednesday forecast lower organic growth in the next fiscal year, citing uncertain macroeconomic conditions continue to dent the French cloud services provider's operations. OVH ...
Oct 25, 2023
Amazon Web Services to launch European sovereign cloud
STOCKHOLM (Reuters) - Amazon Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries. The sovereign cloud will store...
Oct 25, 2023
LG Display posts sixth straight quarterly loss
SEOUL (Reuters) - South Korean flatscreen maker LG Display posted on Wednesday its sixth consecutive quarterly loss, hit by continued weakness in premium TV demand. The Apple supplier posted an operat...
Oct 24, 2023
Subaru CEO: working with suppliers to lower procurement risks of EV battery materials
TOKYO (Reuters) - Japan's Subaru is working with suppliers to decrease risks related to procuring materials used in electric-vehicle batteries, it chief executive said on Wednesday, as automakers grap...
Oct 24, 2023
Battery firm LG Energy Solution Q3 profit rises 40% on increased US output
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korean battery firm LG Energy Solution (LGES) on Wednesday posted a 40% rise in quarterly profit, helped by increased output from its U.S. joint v...
Oct 24, 2023
Microsoft’s AI bets boost cloud business, Alphabet yet to find silver lining
By Akash Sriram and Anna Tong (Reuters) - Google-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows ...
Oct 24, 2023
Dutch lawmakers question new US export restrictions on ASML chip machine
AMSTERDAM (Reuters) - Several Dutch lawmakers on Tuesday challenged the Netherlands' Trade Minister over whether the U.S. has acted correctly in unilaterally imposing new rules regulating the export t...
Oct 24, 2023
Chip design startup SiFive lays off 20% of staff
By Max A. Cherney (Reuters) -Chip design startup SiFive has laid off around 20% of its staff, or about 130 people, the company said on Tuesday. SiFive, based in Santa Clara, California, builds chip de...
Oct 24, 2023
F5 forecasts weak annual revenue on sluggish IT spending
(Reuters) - Cybersecurity and cloud services company F5 on Tuesday forecast fiscal 2024 revenue below Wall Street estimates, signaling that businesses were tightening tech spending amid an uncertain e...
Oct 24, 2023
Genesis says NY AG lawsuit may force “no deal” bankruptcy liquidation
By Dietrich Knauth NEW YORK (Reuters) - Crypto lender Genesis Global said on Tuesday a New York civil fraud lawsuit could lead to a bankruptcy liquidation that does not resolve its claims against pare...
Oct 24, 2023
