Indian food delivery start-up Swiggy said on Monday it would lay off 1 100 employees, or nearly 14% of its workforce, to cut costs, as a weeks-long nationwide lockdown hits demand.
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Restrictions introduced by Washington on Friday that ostensibly aim to allay US cybersecurity concerns are really designed to safeguard American dominance of global tech, a Huawei executive said on Monday.
Taiwan Semiconductor Manufacturing Co has stopped new orders from Huawei Technologies in response to Washington’s move aimed at further limiting chip supplies to the Chinese company.
China said new US export restrictions targeting companies including Huawei Technologies may threaten the global supply chain.
Facebook is acquiring Giphy, a popular website for making and sharing animated images, or GIFs, and will integrate it with its rapidly growing Instagram photo-sharing app.
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chip makers, in an action that could ramp up tensions with China.
Hon Hai Precision Industry’s profit plunged by the most on record after the coronavirus disrupted its China production and walloped global smartphone demand.
The world’s biggest contract chip maker said it plans to build a $12-billion factory in the US in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China.
China is ready to put US companies in an “unreliable entity list” as part of countermeasures against Washington’s move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.
Apple has acquired NextVR, a start-up that provides sports and other content for virtual-reality headsets. The acquisition may help Apple’s development of VR and AR headsets with accompanying software and content.