Tag Archives: technology
China’s Sunwoda plans $274.7 million Hungarian battery plant
BEIJING (Reuters) - China's Sunwoda Electronic plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese...
Jul 27, 2023
Meta rallies as AI-powered ad sales drive ‘monster’ forecast
By Aditya Soni (Reuters) - Meta shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales even...
Jul 27, 2023
STMicroelectronics sees Q3 sales of $4.38 billion
(Reuters) - STMicroelectronics, one of Europe's largest chipmakers, said on Thursday it expects an improvement in third quarter sales. The company said it expects third quarter net revenues of $4.38 b...
Jul 27, 2023
Netflix reworks Microsoft pact, lowers ad prices – WSJ
(Reuters) - Netflix is restructuring its advertising partnership with Microsoft a year into their deal and lowering ad prices, the Wall Street Journal reported on Thursday. (Reporting by Rishabh Jaisw...
Jul 26, 2023
US commerce chief says China export controls will hit companies’ revenue
By David Shepardson WASHINGTON (Reuters) - Commerce Secretary Gina Raimondo said on Wednesday the Biden administration is seeking to carefully target U.S. controls on exports to China, but rules will ...
Jul 26, 2023
LG Energy Solution Q2 profit jumps 136% on strong demand for EV batteries
SEOUL (Reuters) - South Korea's LG Energy Solution Ltd on Thursday posted a 136% jump in quarterly profit, helped by rising demand for electric vehicle (EV) batteries. The company, which supplies Gene...
Jul 26, 2023
Samsung Elec Q2 profit plunges 95% as chip glut persists
SEOUL (Reuters) - Samsung Electronics reported on Thursday a 95% plunge in quarterly profit, as the chip industry's downturn persisted despite output cuts due to weaker demand for products reliant on ...
Jul 26, 2023
Microsoft to supply AI tech to Japan government -Nikkei
TOKYO (Reuters) - Microsoft Corp will provide artificial intelligence technology to the Japanese government after enhancing the processing power of its data centres located within the country, the Nik...
Jul 26, 2023
US senators seek to reverse ‘Buy America’ waiver for EV charging stations
By David Shepardson WASHINGTON (Reuters) - Four Republican U.S. senators on Wednesday sought to reverse a Biden administration decision to waive "Buy America" requirements for government-funded electr...
Jul 26, 2023
Samsung going in ‘right direction’ in China market, mobile chief says
By Joyce Lee SEOUL (Reuters) - Samsung Electronics' mobile chief said Samsung is "going in the right direction" in China, the world's largest mobile market, as it seeks to raise its lagging market sha...
Jul 26, 2023
