Xiaomi Beats Estimates With 21.4% Rise in Q4 Revenue | Investing News
SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp on Tuesday reported a bigger-than-expected 21.4% rise in fourth-quarter revenue, as industry shipments of handsets slowly tick up following a global chip shortage and the peak of the…
Dell Expects PC Backlog to Balloon in Q1 Amid Supply Chain Snarls | Investing News
(Reuters) -Dell Technologies Inc said on Thursday it expects PC backlog to balloon in the first quarter due to supply chain constraints and reported a quarterly profit miss, sending its shares down 7% in extended trading. A pandemic-fueled demand for PCs…
Reliance Invests $200 Million in InMobi’s Glance | Investing News
(Reuters) – India’s Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on…
SoftBank’s Choice of New York for Arm Listing Deals a Blow to London | Investing News
By Paul Sandle and John McCrank LONDON/NEW YORK (Reuters) -SoftBank’s decision to list British chip designer Arm is good news for New York, bad news for London and the best option left for the Japanese group after the collapse of its blockbuster…
Analysis-SoftBank’s Choice of New York for Arm Listing Deals a Blow to London | Investing News
By Paul Sandle and John McCrank LONDON/NEW YORK (Reuters) – SoftBank’s decision to list British chip designer Arm is good news for New York, bad news for London and the best option left for the Japanese group after the collapse of its…
Google is investing another $1 billion in India’s smartphone market
By Diksha Madhok, CNN Business Google is investing up to $1 billion in a major Indian telecom company, a move it hopes will drive down the cost of smartphones in a huge and rapidly expanding market. Google said in a statement Friday that it would invest…
Samsung Elec Targets Smartphone Growth in 2022, Sees Solid Chip Demand | Investing News
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd said it aims to win a bigger share of the smartphone market this year with more 5G-capable models, and pointed to a possible price rebound for its flagship memory chips as early…
Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year | Investing News
By Jane Lanhee Lee and Chavi Mehta (Reuters) -Chipmaker Intel Corp posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world’s largest chipmaker faces challenges linked to persistent…
Samsung Electronics Q4 Profit Jumps on Server Chip Demand, Foundry Margins | Investing News
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely jumped 52% on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and…
U.S. FTC Sues to Block Nvidia Deal to Buy Arm | Investing News
By Stephen Nellis and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday sued to block U.S. chip company Nvidia Corp’s more than $80 billion planned acquisition of British chip technology provider…