(Reuters) – U.S. chip designer Qualcomm Inc and cloud-based software firm Salesforce Inc plan to develop a new connected vehicle…
Factbox-Why are tech firms leading job cuts in Corporate America?
(Reuters) – Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in…
Samsung’s quarterly profit set to hit 6-year low as consumers hunker down
By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd’s quarterly profit will likely plunge 58% to its lowest in…
Tech firms lead companies with most December job cuts -report
By Michael S. Derby NEW YORK (Reuters) – American technology firms dominated the number of announced job cuts in December,…
Continental partners with AI chip firm Ambarella on autonomous driving
BERLIN (Reuters) – Germany’s Continental and California-based artificial intelligence chip firm Ambarella announced a partnership on Thursday to make software…
Luxshare says client cooperation normal after Apple production cut report
SHANGHAI (Reuters) – China’s Luxshare Precision Industry Co Ltd said on Thursday its cooperation with current clients was normal, in…
With big bets on Musk, these funds may have a Tesla problem in ’23
By David Randall NEW YORK (Reuters) – Tesla Inc’s steep sell-off is proving to be an ongoing nightmare for fund…
Apple to sign Luxshare for iPhone production in China – FT
(Reuters) -Apple Inc is set to sign up Chinese contract manufacturer Luxshare Precision Industry Co Ltd to produce premium iPhone…
More U.S. consumers want EVs but prices are a concern – Deloitte survey
(Reuters) – More U.S. consumers want to buy an electric vehicle (EV) but are concerned about rising prices, while fewer…
Stellantis to build U.S. firm Archer’s air taxi, up stake
By Gilles Guillaume PARIS (Reuters) -Carmaker Stellantis will help build Archer Aviation’s electric aircraft and increase its stake in the…