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.
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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.
One of China’s best-performing stocks so far in 2020 is a little-known server maker that last year abruptly joined the same US blacklist that threatens Huawei Technologies’ survival.
Huawei has been barred from fully using Android for at least another 12 months, after Donald Trump extended his executive order banning US firms from working with companies deemed a national security risk.
Electric car maker Tesla plans to introduce a new low-cost, long-life battery in its Model 3 sedan later this year or early next that it expects will bring the cost of electric vehicles in line with petrol models.
Intelsat filed for bankruptcy and said it had obtained $1-billion in new financing that will allow it to keep the satellite service in business while it awaits billions of dollars in proceeds from a spectrum auction.