Prime Minister Boris Johnson is planning to reduce Huawei’s involvement in Britain’s 5G network in the wake of the coronavirus crisis, the Daily Telegraph newspaper reported.
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Samsung Electronics has begun building a cutting-edge chip production line intended to help it take on TSMC and Intel in the business of making silicon for external clients.
A Facebook rally pushed shares of the social media company to a record on Wednesday. Facebook rose as much as 6% to $230.33, extending a winning streak to the fifth consecutive day.
The US senate overwhelmingly approved legislation on Wednesday that could lead to Chinese companies such as Alibaba Group and Baidu being barred from listing on US stock exchanges.
New power from wind and solar is set to fall this year for the first time in two decades due to factory closures, workers’ needs for social distancing and developers’ financial concerns.
ByteDance’s valuation has risen at least a third to more than $100-billion in recent private share transactions, people familiar with the matter said.
Facebook is launching Shops, a service that will allow businesses to display and sell products on the world’s largest social network’s platforms, CEO Mark Zuckerberg said on Tuesday.
Spotify Technology said on Tuesday that comedian Joe Rogan’s podcast will be available on the music streaming platform starting on 1 September and will become an exclusive later this year.
Worldwide electric car registrations are set to fall 18% this year, but those of combustion engine cars are set to drop even faster, analysts BloombergNEF said on Tuesday.
Walt Disney Co’s top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the CEO of TikTok, the popular video app owned by China’s ByteDance.