Tag Archives: technology
Exclusive-Apple supplier Foxconn plans to quadruple workforce at India plant-sources
By Sudarshan Varadhan and Yimou Lee NEW DELHI/TAIPEI (Reuters) - Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, two government officials with kn...
Nov 11, 2022
Japan’s SoftBank books hefty Vision Fund loss but returns to quarterly profit
TOKYO (Reuters) -Japan's SoftBank Group Corp announced a hefty loss at its Vision Fund investment arm for the third straight quarter, even as the company itself posted its first quarterly profit in as...
Nov 11, 2022
Toshiba reports 75% plunge in Q2 operating profit, cuts full-year outlook
TOKYO (Reuters) -Japan's Toshiba Corp on Friday reported a 75% slump in second-quarter operating profit and lowered its full-year earnings outlook after logging an appraisal loss for its printing busi...
Nov 11, 2022
Daimler Truck raises unit sales as chip shortage eases
BERLIN (Reuters) - Daimler Truck raised unit sales by 27% to nearly 135,000 units in the third quarter, as the chip shortage that hit the heavy truck business particularly hard in the same period last...
Nov 11, 2022
FTX scrambles for funds as regulators take action
By Selena Li and Vidya Ranganathan SINGAPORE (Reuters) - Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday amid worsening solven...
Nov 10, 2022
Australian police blame Russia-based hackers for attack on Medibank
SYDNEY (Reuters) - Russia-based hackers were behind the cyberattack on insurer Medibank Private Ltd, which compromised the details of just under 10 million current and former customers, Australian Fed...
Nov 10, 2022
SMIC Co-CEO warns of ‘adverse impact’ of U.S. export controls on production
SHANGHAI (Reuters) - Semiconductor Manufacturing International Corporation (SMIC) co-CEO Zhao Haijun said on Friday on an earnings call that recent export controls from the United States will have an ...
Nov 10, 2022
Japan to invest up to $500 million in new advanced chip development company
TOKYO (Reuters) - Japan will invest up to 70 billion yen ($500 million) in a new semiconductor company led by major Japanese tech firms including Sony Group Corp and NEC Corp that aims to re-establish...
Nov 10, 2022
Australia’s Medibank says hacker’s data dump could happen daily
SYDNEY (Reuters) - More personal details of customers of Australia's biggest health insurer Medibank Private Ltd, hit by a massive cyber attack, were released on Friday, with the company expecting thi...
Nov 10, 2022
Bahamas securities regulators freeze assets of FTX’s unit
(Reuters) - The Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, a subsidiary of the cryptocurrency exchange. The regulator said it had also suspended...
Nov 10, 2022
