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SoftBank first to receive new Nvidia chips for supercomputer
13 Nov 2024

SoftBank first to receive new Nvidia chips for supercomputer

SoftBank’s Japanese telecoms unit will receive the first chips using Nvidia’s  latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks to ride the artificial intelligence boom. 
Tencent Q3 revenue rises 8% on gaming strength, matches estimates

Tencent Q3 revenue rises 8% on gaming strength, matches estimates

13 Nov 2024
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, driven by growth in its gaming business after the recent launches of new titles.
Volkswagen investment chief steps down from Northvolt board

Volkswagen investment chief steps down from Northvolt board

12 Nov 2024
The head of investments at German auto maker Volkswagen is leaving the board of Sweden’s Northvolt, the  Swedish battery maker said on Monday, confirming media reports.
Singapore's Grab raises annual revenue forecast, shares jump

Singapore's Grab raises annual revenue forecast, shares jump

12 Nov 2024
Singapore’s Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season. 
Delivery Hero to list Talabat business in Dubai in December

Delivery Hero to list Talabat business in Dubai in December

11 Nov 2024
Talabat, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15% of its issued shares, its German parent said on Sunday, in what will be one of the UAE’s biggest IPOs this year. 
Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says
11 Nov 2024

Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.
SMIC sees prolonged chip glut, signals cautious expansion outlook

SMIC sees prolonged chip glut, signals cautious expansion outlook

08 Nov 2024
Semiconductor Manufacturing International Corp, China’s largest chipmaker, warned on Friday that overcapacity in mature node chips will persist through 2025 and that it was turning cautious on building new capacity. 
Sony posts 73% jump in Q2 profit, keeps outlook

Sony posts 73% jump in Q2 profit, keeps outlook

08 Nov 2024
Sony reported on Friday a 73% rise in group operating profit in the July-September quarter, buoyed by strong sales in its game and network business.
Qualcomm chip sales to Chinese smartphone makers fuel strong results

Qualcomm chip sales to Chinese smartphone makers fuel strong results

07 Nov 2024
Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a wave of launches of flagship Chinese smartphones.
TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

07 Nov 2024
Taiwan Semiconductor Manufacturing Co,  GlobalFoundries  and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said.   
FTC sues fintech app Dave over misleading $500 cash advance ads
06 Nov 2024

FTC sues fintech app Dave over misleading $500 cash advance ads

The U.S. Federal Trade Commission sued financial technology company Dave Inc in Los Angeles on Tuesday, accusing it of luring users to its personal finance app by advertising cash advances of up to $500 that many never receive.
Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

06 Nov 2024
Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.
French IT firm Atos agrees to sell Worldgrid unit to Alten

French IT firm Atos agrees to sell Worldgrid unit to Alten

05 Nov 2024
Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before end-2024.
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

05 Nov 2024
Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.
Siemens can make more acquisitions after Altair deal, exec tells paper

Siemens can make more acquisitions after Altair deal, exec tells paper

04 Nov 2024
Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair, managing board member Cedrik Neike said.

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