The biggest US technology companies have gone on a buying spree this year, waving off intense scrutiny from competition watchdogs and critics who say they’ve bolstered their power by snatching up nascent rivals.
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Intel’s decision to consider outsourcing manufacturing heralds the end of an era in which the company, and the US, dominated the semiconductor industry.
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.
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.
Garmin has entered a second day of wide-ranging outages in a possible ransomware attack. The issue affected the firm’s website and call centres, including its ability to receive calls, e-mails and online chats.
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.
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.
Apple co-founder Steve Wozniak says YouTube has for months allowed scammers to use his name and likeness as part of a phony bitcoin giveaway similar to one that was quickly extinguished by Twitter last week.
Tesla CEO Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth.