Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Intel CEO Pat Gelsinger steps down from struggling chipmaker
By Stephen Nellis (Reuters) -Intel Chief Executive Pat Gelsinger has stepped down less than four years after taking the helm of the company, handing control to two lieutenants as the faltering America...
Dec 06, 2024
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help bui...
Dec 06, 2024
Super Micro to hire new CFO, says independent review finds no evidence of fraud
(Reuters) - Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker's accounting practices, the c...
Dec 06, 2024
ASML does not expect US export curbs to hit long-term chip sector demand
AMSTERDAM (Reuters) - Computer chip equipment maker ASML does not expect new U.S. export restrictions to hit demand in the semiconductor industry in the long term, it said on Monday. The United States...
Dec 06, 2024
Bumble CFO to step down next year amid growth challenges
(Reuters) - Bumble said on Monday Anu Subramanian will step down as chief financial officer, effective March 14, 2025. Subramanian, who joined the dating app operator as CFO in 2020, played a key role...
Dec 06, 2024
U.S.-Israeli cloud security firm Upwind raises $100 million
JERUSALEM (Reuters) - U.S.-Israeli cloud security provider Upwind said on Monday it raised $100 million in a private funding round led by David Sacks' Craft Ventures and bringing total funding to $180...
Dec 06, 2024
Prosus nearly doubles profit in H1 on strong e-commerce, Tencent growth
JOHANNESBURG (Reuters) - Dutch technology investor Prosus NV reported on Monday an 89.5% jump in core headline earnings during its half year, driven by accelerated growth and improved profitability of...
Dec 06, 2024
Naspers' half-year profit jumps on strong e-commerce, Tencent
JOHANNESBURG (Reuters) -South African technology investor Naspers posted a 74% jump in its half-year core headline earnings, driven by accelerated growth and improved profitability of its e-commerce b...
Dec 06, 2024
Exclusive-Kioxia sets IPO price range of 1,390-1,520 yen per share, sources say
By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, ...
Dec 06, 2024
Exclusive-Latest US strike on China's chips hits semiconductor toolmakers
By Karen Freifeld and David Shepardson (Reuters) - The U.S. will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies including c...
Dec 06, 2024
