Intel’s decision to consider outsourcing manufacturing heralds the end of an era in which the company, and the US, dominated the semiconductor industry.
Author: Agency Staff
Eskom’s gross debt surged to R480-billion after the struggling state-owned power utility borrowed from its lines of credit, documents show.
Shares of Intel slumped and its rivals surged on Friday after the US chip maker signalled it may give up manufacturing its own components after falling far behind schedule developing its newest technology.
Woolworths saw online food sales for its South Africa business leap 87.8% in the 52 weeks to 28 June as consumers turned the Internet and shunned stores amid the Covid-19 pandemic.
Billionaire Elon Musk’s SpaceX is in talks to raise new capital at a valuation of US$44-billion, according to people with knowledge of the matter.
Intel CEO Bob Swan spent almost an hour on Thursday discussing an idea that would once have been unthinkable for the world’s largest semiconductor company: not manufacturing its own chips.
Zimbabwe’s president has picked a fight with the country’s most successful businessman. The economy may be the loser.
Zhang Yiming is the little-known Chinese entrepreneur who built TikTok into one of the most promising franchises on the Internet. Now the brainy, combative founder is under pressure to save the business.
Microsoft’s flagship cloud computing business, Azure, reported quarterly sales growth of under 50% for the first time ever on Wednesday, sending the tech giant’s shares down 2%.
MTN Nigeria expects its profit margin to dip by almost half a percentage point this year as its leased tower services feel the impact of weaker currency exchange rates, it said on Thursday.