Technology

Apple returns to list of top US employers as other tech firms lose appeal

BLOOMBERG Apple Inc returned to an annual list of the 100 best places to work after falling off last year, but the ranking wasn’t as rich with technology firms after layoffs roiled the sector. The iPhonemaker was No 39 in the list from Glassdoor, a website where employees submit anonymous workplace reviews. Glassdoor has conducted the survey since 2009. Apple ...

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Huawei teardown shows 5nm chip made in Taiwan

BLOOMBERG Huawei Technologies Co’s newest laptop runs on a chip made by Taiwan Semiconductor Manufacturing Co, a teardown of the device showed, quashing talk of another Chinese technological breakthrough. The Qingyun L540 notebook contains a 5-nanometer chip made by the Taiwanese company in 2020, around the time US sanctions cut off Huawei’s access to the chipmaker, research firm TechInsights found ...

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Apple supplier TDK bets new battery will change smartphone game

BLOOMBERG TDK Corp is fielding surging inquiries in Asia into a new lineup of smartphone batteries it hopes will become a game-changer in the quest to pack more power into ever-slimmer devices. The Apple Inc supplier is the first to apply to smartphones a technological breakthrough that its rivals have been exploring mainly as a means to stretch mileage for ...

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Foxconn expects sales to fall as iPhone doubts grow

BLOOMBERG Hon Hai Precision Industry Co warned of its fourth consecutive decline in quarterly sales after a 5.4% slide in the last three months of 2023 suggested consumer electronics demand remains muted. The Taiwanese firm, also known as Foxconn, reported a steep 27% drop in December sales to NT$460.1 billion ($14.8 billion), concluding a NT$1.85 trillion quarter. It now sees ...

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Apple stock downgraded as Barclays warns on cooling iPhone demand

BLOOMBERG Apple Inc got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock. Shares fell 3.6% on January 2, their biggest one-day percentage drop since September, and the decline erased more than $107 billion in market value. Barclays analysts led by Tim Long cut their rating on ...

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Samsung places AI at forefront as 2024 phone launches kick off

BLOOMBERG The world’s most prolific smartphone maker is leaning into artificial intelligence as the key to unlocking greater sales this year. Samsung Electronics Co announced it plans to launch its next flagship device on January 17 in San Jose, California — likely to be known as the Galaxy S24 — with a livestreamed event. The teaser to the launch promises ...

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Atos in early talks to sell cybersecurity business to Airbus

BLOOMBERG Airbus SE is weighing the purchase of Atos SE’s cybersecurity and data unit in a deal that would value the business at as much as €1.8 billion ($2 billion) including debt and help the embattled French software company raise funds. The European planemaker is in early talks for Atos’s big data and security unit to speed up its digital ...

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Nvidia launches new gaming chip version for China

BLOOMBERG Nvidia Corp, the world’s most valuable chipmaker, is selling a less-capable version of its best graphics product for video gamers in China, after the US government tightened restrictions on what the company can market in that country. The version of the GTX 4090 D chip that is listed for sale on Nvidia’s China website has about 10% fewer processing ...

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Huawei sales near $100b in the year of China’s surprise breakthroughs

BLOOMBERG Huawei Technologies Co’s revenue surged 9% in 2023, capping a dramatic year for a Chinese technology powerhouse that challenged Apple Inc and US sanctions with a surprise breakthrough in chip technology. Sales jumped to more than 700 billion yuan ($98.7 billion), their fastest pace of growth in years thanks to a resurgent smartphone business and robust 5G equipment sales. ...

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Samsung Electronics delays production at new US factory to 2025, says Seoul Economic Daily

BLOOMBERG Samsung Electronics Co has delayed mass production plans at its new chip plant in Taylor, Texas, the Seoul Economic Daily said, potentially dealing another blow to the Biden administration’s ambition to increase domestic semiconductor supplies. Mass production at the upcoming $17 billion fab would begin in 2025, the newspaper reported, citing a speech by President Choi Siyoung of Samsung’s ...

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