By Karen Freifeld (Reuters) – A chip industry group is warning that if U.S. allies do not adopt curbs on…
EV maker Rivian to cut 6% of jobs amid price war -internal memo
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian Automotive is laying off 6% of its workforce in…
As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and…
Peloton shares soar as turnaround plan shows promise
By Priyamvada C (Reuters) -Peloton Interactive Inc on Wednesday forecast current-quarter revenue above expectations, in an early sign that its…
Tinder owner to lay off 8% of its staff as growth falters
By Vansh Agarwal and Shreyaa Narayanan (Reuters) – Match Group Inc on Wednesday joined a growing list of U.S. companies…
Intel slashes employee, exec pay amid PC market downturn
By Stephen Nellis (Reuters) – Intel Corp said on Tuesday that it had made broad cuts to employee and executive…
Bankman-Fried barred from contacting FTX employees, using Signal
By Luc Cohen NEW YORK (Reuters) -A U.S. judge on Wednesday temporarily barred FTX founder Sam Bankman-Fried from contacting current…
Wolfspeed to build $3-billion EV chip plant in Germany, subsidy approval expected in months
By Andreas Rinke, Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -U.S. chipmaker Wolfspeed will build a $3-billion chip plant and…
Snap’s earnings may hold positive news for Meta, Google
By Sheila Dang and Nivedita Balu (Reuters) – A rise in a key advertising metric for Snap Inc that reported…
AMD shares jump as earnings defy collapse seen at Intel
By Aditya Soni (Reuters) – Shares of Advanced Micro Devices Inc rose nearly 7% on Wednesday after the U.S. chipmaker’s…