Intel will produce 70% of chips for Panther Lake and even more for Nova Lake, but will not refuse the services of TSMC
Some tensions with TSMC do not really push Intel to abandon TSMC’s services, even if it is technically possible. The head of the company explained that only 70% of the…
British developer of spacecraft and engines for hypersonic aircraft Reaction Engines went bankrupt
Created back in 1989, the British company Reaction Engines for the development of advanced aerospace engines has been declared bankrupt. It was a key player in the UK government’s program…
Dragon Age: The Veilguard sets a record for BioWare and Electronic Arts games on Steam
Fans have been waiting for Dragon Age: The Veilguard for almost 10 years and it’s finally here. On the day of release, BioWare’s fantasy RPG became Electronic Arts’ most popular…
Paying for mistakes of the past: Intel lost $18.5 billion on restructuring and write-off of assets
Intel’s quarterly report was structured in such a way as to pay sufficient attention to ongoing restructuring and cost cutting. The company revalued some assets downwards and also made it…
Apple reported revenue growth and profit decline in the third quarter of 2024
Apple reported results for the third quarter of 2024 and exceeded analysts’ expectations on key financial indicators. Its revenue reached $94.93 billion, exceeding estimates of $94.58 billion, and earnings per…
Microsoft shares plunge 6% after forecasting revenue for next quarter
Microsoft shares posted their worst performance in two years after disappointing near-term guidance. Despite the strong financial results for the previous quarter, investors paid more attention to the company’s cautious…
Amazon increased capital expenditures by 81% and bet on AI infrastructure in the third quarter of 2024
Amazon exceeded analysts’ expectations for the third quarter of 2024, showing an increase in earnings to $1.43 per share against a forecast of $1.14 and increasing revenue to $158.88 billion,…
Intel showed a decline in revenue, but pleased investors with its forecast for the current quarter
The prerequisites for Intel’s revenue decline in the third quarter were discussed by analysts long before the publication of the quarterly report, and the appearance of relevant documentation confirmed these…
Hyundai presented the Initium hydrogen SUV concept with a range of more than 640 km
Hyundai has unveiled the Initium SUV concept powered by hydrogen fuel, which has a range of more than 640 km. The concept promises high performance, stylish design and the use…
Newest Starlink Internet satellites are built on AMD chips
AMD has announced that its custom Versal chips will be used in the latest Starlink satellites to provide broadband satellite communications. Lisa Su, CEO of AMD, confirmed this information during…