Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Foxconn expected to post strong Q1 profit growth on AI server demand
TAIPEI (Reuters) -Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Wednesday that first-quarter profit leapt 72% on continued strong demand for artificial int...
Thomson Reuters May 13, 2025
Nvidia CEO's net worth nears $120 billion as shares surge on Saudi chip deal
(Reuters) - Nvidia CEO Jensen Huang's personal net worth jumped to around $120 billion on Tuesday, up from $80 billion last year, as a boom in demand for the company's artificial intelligence chips ha...
Thomson Reuters May 13, 2025
Exclusive-SiCarrier - Huawei partner in chips - seeks $2.8 billion in funds, sources say
By Che Pan, Julie Zhu, Fanny Potkin and Eduardo Baptista BEIJING/HONG KONG (Reuters) -SiCarrier, a Chinese chip equipment maker with close links to Huawei, is seeking $2.8 billion in its maiden fundra...
Thomson Reuters May 13, 2025
Explainer-How China's chip equipment manufacturing sector stacks up
By Che Pan and Brenda Goh BEIJING (Reuters) -SiCarrier, a Chinese chip equipment maker with close links to Huawei, has created a stir with the breadth of its planned product range. Its efforts to beco...
Thomson Reuters May 13, 2025
Global EV sales rise in April despite trade disruptions, research finds
By Alessandro Parodi (Reuters) -Global sales of electric and plug-in hybrid vehicles rose 29% year-on-year in April, with stable growth in China and Europe despite trade tensions, while North America ...
Thomson Reuters May 13, 2025
Intel has limited customer commitments for latest chip manufacturing tech, CFO says
(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently "not significant", finance chief David Zinsner said on Tuesd...
Thomson Reuters May 13, 2025
Verizon to invest $5 billion in US small business suppliers over next 5 years
(Reuters) - Verizon said on Tuesday it would invest $5 billion over the next five years in small business suppliers in the U.S. with the goal of boosting domestic supply chains. The investment program...
Thomson Reuters May 13, 2025
Citi to sell wealth alternatives unit to fintech firm iCapital
(Reuters) -Wall Street heavyweight Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business....
Thomson Reuters May 13, 2025
Factbox-Deals take centre stage in Trump's Gulf visit
RIYADH/DUBAI (Reuters) -U.S. President Donald Trump secured a $600 billion commitmentfrom Saudi Arabia on Tuesday to invest in the United States after the oil power rolled out the red carpet for him a...
Thomson Reuters May 13, 2025
US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports
(Reuters) -The Trump administration is weighing a deal that would allow the UAE to import more than a million advanced Nvidia chips, a quantity that far exceeds limits under Biden-era AI chip regulati...
Thomson Reuters May 13, 2025
Wed Aug 19
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