US chip maker AMD on Tuesday posted revenue that beat Wall Street targets and said it expected business to improve in the second half.
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Intel has made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast.
The Biden administration has stopped approving licences for US companies to export most items to China’s Huawei, three sources said.
Analysts are betting that AMD will be one of the few semiconductor companies that grows in 2023, even as talk of a downturn in the chip sector dominates the headlines.
Samsung Electronics, the world’s biggest smartphone maker, expects the smartphone market to contract in 2023.
China’s smartphone sales endured a record fall in 2022, tumbling 13% to their lowest level in a decade.
Intel slid in late trading in the US after giving a dire forecast, hurt by sinking demand from PC customers.
Apple’s long-anticipated mixed-reality headset is an ambitious attempt to create a 3D version of the iPhone’s operating system.
Apple is working on a slate of devices aimed at challenging Amazon.com and Google in the smart-home market.
Apple’s project to build lightweight augmented-reality glasses has been postponed due to technical challenges.