Technology News: Updated News on IT, Mobile, Computer and Auto

Elon Musk Agrees to Buy Twitter at $54.2 Per Share; Deal Could be Completed by Friday

Twitter shares jumped on the news, surging as much as 22 percent to close at $52.The shares in Tesla, Musk's flagship company also rose by 2.4 percent.

Oct 5, 2022

By Jacob J

Elon musk

Challenging China: Shipment of India Manufactured Apple iPhones to Hit $2.5 Billion This Fiscal, Says Report

Apple could end up making one out of four iPhones in India by 2025, a projection by JP Morgan analysts had shown earlier.

Oct 4, 2022

By Jacob J

TikTok Has Not Shelved Live Shopping Service Plan, Could Launch it in US This Year: Report

The Chinese short-form video app continued its reign as the top grossing non-game app worldwide across the App Store and Google Play.

Oct 2, 2022

By IBTimes APAC Desk

Jobs Will Go, Teams will Shrink, and No Hirings: Zuckerberg Lays Out Grim Warning to Meta Staff

The plan is to steadily reduce headcount growth over the next year, warns Mark Zuckerberg.

Sep 30, 2022

By Jacob J

Mark zuckerberg Facebook

Declining Global Chip Demand Leaves Samsung's Third Quarter Earnings Outlook Shaky

The operating profit predictions of Samsung and SK hynix represent 18.6 per cent and 37.8 per cent drops from their respective third-quarter results from a year ago.

Sep 25, 2022

By IANS

Samsung

More Than 3,000 Firms in China Go Belly Up as Country's Chip-Making Prowess Wanes

The production of integrated circuits fell more than 24 percent in August, marking the largest single-month decline since 1997.

Sep 18, 2022

By Jacob J

mystery-of-queen-elizabeths-secret-letter-to-sydney-in-1986-locked-in-vault-cannot-be-opened-for-100-years

Twitter Shareholders Approve Elon Musk's $44 Billion Offer Weeks Before Trial Begins in Delaware Court

Twitter said in a press release that nearly 99 percent of the votes cast by stock owners supported the sale agreement.

Sep 14, 2022

By Jacob J

Elon musk

Nvidia, AMD Shares Plunge as Ban on AI Chip Sale Worsens US-China Semiconductor War

As per the new guidance, US chipmakers must immediately procure a license to supply artificial intelligence chips to Chinese companies.

Sep 1, 2022

By Jacob J

HP says will cut up to 4,000 jobs; gives cautious outlook

HP Acquires Hybrid Work Solutions Provider Poly for $3.3 Billion as Segment Set to See Exponential Growth

As part of the deal, Poly CEO Dave Shull will join HP as President, Workforce Services & Solutions.

Aug 30, 2022

By Jacob J

Coronavirus

Xiaomi Cuts More Than 900 Jobs; Twitter Employee's Annual Bonus Slashed to Half

The layoffs affected nearly 3 per cent of Xiaomi's workforce, according to the South China Morning Post.

Aug 21, 2022

By IBTimes APAC Desk

Tencent Sacks 5,500 Workers After Posting 3% Revenue Drop in June Quarter

Tencent, China's largest video gaming and social media company, posted revenue of $19.8 billion in the June quarter.

Aug 18, 2022

By Jacob J

Apple Fires 100 Recruiters Weeks After Reporting Record Quarterly Revenues

The world's most valuable company's net quarterly profit slipped to $19.4 billion in the June quarter from $21.7 billion a year ago.

Aug 16, 2022

By Jacob J

google drive, google sheets, google docs update

Tech layoffs: Google Employees Fearful as Communique Threatens 'Blood on Streets'

Many Big Tech companies like LinkedIn, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce have either laid off employees or frozen hiring.

Aug 13, 2022

By IBTimes APAC Desk

SoftBank Offloads Alibaba Shares to Raise $34 Billion as 'Unicorn Winter' Inflicts Heavy Losses

Masayoshi Son-led SoftBank Group said it will trim its stake in Alibaba to 14.6 percent, a decrease from 23.7 percent at the end of June.

Aug 11, 2022

By IANS

Biden Administration Mulls Harsh Export That Would Cripple, Chinese, South Korean Chip Makers

The crackdown would involve barring the shipment of US chipmaking equipment to factories in China that manufacture advanced NAND chips.

Aug 1, 2022

By Reuters

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5 Bangladeshis charged for financing terror attacks to appear in court

India's Myopic Trust in Bangladesh Needs a Critical Relook

By IBTimes SG Desk

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Technology News: Updated News on IT, Mobile, Computer and Auto

Elon Musk Agrees to Buy Twitter at $54.2 Per Share; Deal Could be Completed by Friday

Challenging China: Shipment of India Manufactured Apple iPhones to Hit $2.5 Billion This Fiscal, Says Report

TikTok Has Not Shelved Live Shopping Service Plan, Could Launch it in US This Year: Report

Jobs Will Go, Teams will Shrink, and No Hirings: Zuckerberg Lays Out Grim Warning to Meta Staff

Declining Global Chip Demand Leaves Samsung's Third Quarter Earnings Outlook Shaky

More Than 3,000 Firms in China Go Belly Up as Country's Chip-Making Prowess Wanes

Twitter Shareholders Approve Elon Musk's $44 Billion Offer Weeks Before Trial Begins in Delaware Court

Nvidia, AMD Shares Plunge as Ban on AI Chip Sale Worsens US-China Semiconductor War

HP Acquires Hybrid Work Solutions Provider Poly for $3.3 Billion as Segment Set to See Exponential Growth

Xiaomi Cuts More Than 900 Jobs; Twitter Employee's Annual Bonus Slashed to Half

Tencent Sacks 5,500 Workers After Posting 3% Revenue Drop in June Quarter

Apple Fires 100 Recruiters Weeks After Reporting Record Quarterly Revenues

Tech layoffs: Google Employees Fearful as Communique Threatens 'Blood on Streets'

SoftBank Offloads Alibaba Shares to Raise $34 Billion as 'Unicorn Winter' Inflicts Heavy Losses

Biden Administration Mulls Harsh Export That Would Cripple, Chinese, South Korean Chip Makers

India's Myopic Trust in Bangladesh Needs a Critical Relook

India's Myopic Trust in Bangladesh Needs a Critical Relook

An Unholy Convergence: How Power Politics Trumped Islamic Solidarity in the Middle East

An Unholy Convergence: How Power Politics Trumped Islamic Solidarity in the Middle East

Poverty Porn: West's Selective Obsession and India's Economic Realities

Poverty Porn: West's Selective Obsession and India's Economic Realities