The wireless industry scrapped its biggest annual showcase after the coronavirus outbreak sparked an exodus of participants, roiling telecommunications companies just as they’re preparing to roll out new 5G services.
Browsing: Intel
Intel has become the latest high-profile technology company to withdraw from upcoming trade show Mobile World Congress over concerns about the spread of coronavirus.
Intel gave bullish quarterly and full-year revenue forecasts, driven by a surge in demand for chips that power large cloud computing centres. The shares jumped as much as 7.8% in late trading.
How Huawei survived the US blacklisting could prove a case study in unintended consequences and a vast shift underway in global IT production.
Intel has bought Habana Labs, an Israeli start-up that develops chips for artificial intelligence applications, for about $2-billion to bolster its efforts in the fast-growing market for AI silicon.
The Chinese government is taking further steps to remove foreign technology from state agencies and other organisations, a clear sign of determination for more independence amid escalating tensions with the US.
Amazon Web Services has developed a more powerful version of its own chips to power services for cloud computing customers in a major challenge to market leader Intel.
Dell Technologies lowered its annual revenue forecast after component shortages from supplier Intel blunted growth prospects despite buoyant corporate demand for new PCs.
After a year of tough headlines, the world’s biggest technology companies showed last week that they’re powering through, continuing to rake in cash and invest in future growth.
Apple is planning to bring 5G to the iPhone next spring, more than a year behind some rivals. The company can ill afford to let the timing slip.