Sony boosts profits thanks to demand for games
Sony published its next quarterly financial report, and also adjusted its revenue and sales forecast for the entire financial year. In the reporting period, the volume of operating profit received…
SMIC increased revenue and profit on the wave of recovery in the semiconductor industry
The largest Chinese contract chip manufacturer Semiconductor Manufacturing International Corp (SMIC) reported an increase in net profit in the third quarter by 58.3%. The semiconductor industry has shown signs of…
In the race for advanced AI, tech giants will spend more than $200 billion in 2024
Capital expenditures of Amazon, Microsoft, Meta✴ and Alphabet will amount to more than $200 billion by the end of 2024, Bloomberg estimates. Executives at major companies this week warned investors…
Apple’s services business has grown ‘phenomenally’ to $100 billion a year
In its third-quarter 2024 report, Apple reported 12 percent year-over-year revenue growth from its services business to $25 billion, equivalent to $100 billion annually. This figure is a historical maximum…
Iran lifts ban on import of modern iPhones
Residents of Iran will soon be able to officially purchase the latest iPhone models. Until now, under the 2023 ban, any iPhone from series 14 onwards would stop working on…
Intel deprives employees of free coffee and fruit
Employees at Intel’s Israeli offices recently discovered a lack of familiar amenities: once well-stocked kitchenettes offering free coffee, tea and fruit were empty. Intel previously canceled company cars and cut…
Strong demand for smartphones and AI chips ensured Huawei’s seventh consecutive quarter of revenue growth
Huawei’s revenue has shown growth for the seventh quarter in a row – the company’s smartphones continue to be in high demand in China. In the home market, the manufacturer…
Meta reports $4.4 billion loss for Reality Labs in Q3
Despite its success in developing AR and VR wearables, Meta✴ continues to face heavy losses for its Reality Labs division. At the end of the third quarter, Reality Labs recorded…
Intel wanted to take over Nvidia for $20 billion in 2005 – today it is worth more than $3 trillion
In 2005, the then head of Intel, Paul Otellini, approached the company’s board of directors with an unexpected proposal – to absorb Nvidia for $20 billion. The New York Times…
ASML’s “technical error” cost the global tech industry $420 billion – and that’s just the beginning
Dutch semiconductor equipment manufacturer ASML yesterday published disappointing sales forecasts, which led to a decline not only in its securities, but also in the shares of all players in the…