Intel shares rose 1.7% premarket on Friday as the chipmaker’s quarterly revenue beat low expectations and investors focused on its search for a new CEO to steer the company through one of its most difficult periods. Former CEO Pat Gelsinger was ousted last month, well before the completion of his four-year plan to turn around…
Influential shareholder adviser ISS wants Siemens to return to in-person annual general meetings and has recommended shareholders vote against allowing virtual meetings in the coming years, according to a proposal seen by Reuters. The U.S.-based proxy advisory firm’s advice comes ahead of the Munich-based technology group’s annual general meeting on Feb. 13, where the matter…
Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling…
UVeye, a startup that uses AI-driven technology to inspect vehicles to avoid defects and target repairs, said on Wednesday it has raised $191 million in debt and equity to scale up production in North America and Europe. The company’s $41 million funding round was led by Woven Capital, the investment arm of Toyota and its…
Japanese technology group NEC Corp has been talking to its advisers about the possibility of making an offer for CSG Systems, which provides customer care and billing solutions for cable and phone companies, according to people familiar with the matter. Tokyo-based NEC has been working with investment bankers at Morgan Stanley on a potential offer…
British supermarket group Morrisons said on Wednesday that a November cyber attack at technology provider Blue Younder hit its product availability, impacting Christmas sales. “Our warehouse management system had to be shut down, leaving us without visibility on our fresh and produce stock levels for several days,” CEO Rami Baitieh told reporters. Finance chief Jo…
Shares in Logitech jumped as much as 9.4% at 0835 GMT on Wednesday, a day after the Swiss-American computer keyboard and mouse-maker raised its full-year outlook and posted a third-quarter sales beat. The results underscore the company’s strong execution, driven by high demand across regions and product categories alongside a robust margin performance, which positions…
Japan’s Advantest on Wednesday hiked its full year operating profit forecast by 37% due to strong demand for its testing tools for chips used in artificial intelligence tasks. “As of late, we have seen further growth in tester demand for AI related, high performance semiconductors,” CEO Douglas Lefever told an earnings briefing. Advantest forecasts operating…
The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said on Wednesday, potentially the first shift into the cryptocurrency by a western central bank if it went ahead. Michl said the idea was still under analysis and no immediate decision was forthcoming. Central banks traditionally…
X is teaming up with Visa to soon offer a system for real-time payments on the social media platform X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.”…
