Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Tesla records $27 million in impairment losses on bitcoin investment
(Reuters) - Tesla Inc recorded $27 million of impairment losses on its bitcoin investment, the electric carmaker said in a filing on Wednesday. (https://bit.ly/2PtMZ5A) (Reporting by Subrat Patnaik in...
Apr 28, 2021
Spotify results beat estimates as more users tune in
STOCKHOLM (Reuters) - Spotify Technology SA beat Wall Street estimates for first-quarter revenue and paid subscribers on Wednesday, as the music streaming company launched in newer markets and recorde...
Apr 28, 2021
Taiwan chipmaker UMC to spend $3.6 billion to expand capacity
TAIPEI (Reuters) - Taiwan chipmaker United Microelectronics Corp said on Wednesday it will spend T$100 billion ($3.59 billion) over the next three years to expand capacity at a plant in southern Taiwa...
Apr 28, 2021
Analysis: Grab’s Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
By Anshuman Daga SINGAPORE (Reuters) - Singapore's Grab more than doubled its valuation to $40 billion in about a year as part of the world's largest SPAC deal, but maintaining that level after its U....
Apr 28, 2021
China’s Huawei reports quarterly revenue drop as smartphone income hit
SHENZHEN, China (Reuters) - China's Huawei Technologies saw revenue fall 16.5% in the first quarter compared to a year earlier, hurt by a dip in sales after selling its budget smartphone unit Honor in...
Apr 28, 2021
War-rooms and oxygen: India’s IT companies scramble to handle COVID-19 surge
By Sethuraman N R and Anirban Sen BENGALURU (Reuters) - India's giant IT firms in Bengaluru and other cities have set up COVID-19 "war-rooms" as they scramble to source oxygen, medicine and hospital b...
Apr 28, 2021
Taiwan says China waging economic warfare against tech sector
TAIPEI (Reuters) - Taiwan's government on Wednesday accused China of waging economic warfare against the Chinese-claimed island's tech sector by stealing technology and enticing away engineers, as par...
Apr 27, 2021
Taiwan minister plays down chances for chip production in EU
TAIPEI (Reuters) - Taiwan Economy Minister Wang Mei-hua on Wednesday played down the prospect of Taiwan tech firms making advanced semiconductors in the European Union, noting industry leader TSMC has...
Apr 27, 2021
Mexico data protection body to challenge biometric data registry at Supreme court
MEXICO CITY (Reuters) - Mexico's data protection body plans to challenge a controversial new law that requires telecoms companies to gather user biometric data, saying it will argue before the Supreme...
Apr 27, 2021
Samsung’s Lee family to pay more than 12 trln won inheritance taxes
SEOUL (Reuters) - The family of deceased Samsung Electronics chairman Lee Kun-hee said on Wednesday it will pay more than 12 trillion won ($10.78 billion) in inheritance taxes for the estate of the la...
Apr 27, 2021
