Apple pays $1 billion for Intel unit in push for chip independence
(Reuters) – Apple Inc (AAPL.O) took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp’s (INTC.O) modem business in a deal valued at…
Trump meets with tech CEOs on Huawei
U.S. President Donald Trump at the White House in Washington, U.S., July 22, 2019. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump met on Monday with the chief executives…
LG Display to invest $2.6 billion in OLED panel plant in South Korea
FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – LG Display said on Tuesday that it…
Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
WASHINGTON (Reuters) – Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to…
White House to host meeting with tech executives on Huawei ban: sources
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China’s Huawei…
BMW picks Oliver Zipse as new CEO
FRANKFURT (Reuters) – BMW (BMWG.DE) said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric…
Netflix sinks on subscriber losses, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock…
Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time…
Tech executives head to Capitol Hill for antitrust hearing
WASHINGTON (Reuters) – Executives from tech giants Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet’s Google go before the House Judiciary Committee’s antitrust panel Tuesday to discuss competition in online…
Amazon U.S. rivals get sales boost on Prime Day: Adobe
(Reuters) – Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc’s Prime Day shopping event as online shoppers also flocked to their websites, Adobe Analytics…