Technology News

Foxconn says it remains committed to Wisconsin investment project

TAIPEI (Reuters) - Taiwan’s Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days after the U.S. state’s governor said he wanted to renegotiate the deal. Democratic Governor Tony Evers, who inherited a deal to give Foxconn $4 billion in tax breaks and other incentives when he took office in January, said on Wednesday he wanted renegoti...

19 Apr 8:11 AM 0 Read More...

Qualcomm's joint venture with Chinese province to shut down: The Information

(Reuters) - A joint venture between U.S. smartphone chipmaker Qualcomm Inc and China’s Guizhou province will shut down by the end of the month, The Information reported on Friday, citing employees at the venture. The joint venture, Huaxintong Semiconductor (HXT), was formed in 2016 for the design, development and sale of advanced server technology. Executives at the venture said in internal meetings on Thursday tha...

19 Apr 6:15 AM 0 Read More...

Nintendo shares jump 17 percent after Tencent wins key China Switch sales approval

TOKYO (Reuters) - Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China’s Tencent Holdings Ltd won a key approval to begin selling Nintendo’s Switch console in the world’s largest video games market. That is the biggest percentage gain since July 2016, when enthusiasm for Nintendo-backed smartphone game Pokemon Go sent the stock rocketing. Friday’s jump sent the shares t...

19 Apr 2:33 AM 0 Read More...

Nintendo shares jump 13 percent after Tencent gains Switch sales approval in China

TOKYO (Reuters) - Nintendo shares jumped 13 percent in early Tokyo trade on Friday, a day after China’s Tencent won a key approval to begin selling Nintendo’s Switch console in China, the world’s largest games market. That is the biggest percentage gain since July 2016, when enthusiasm for hit mobile game Pokemon Go sent Nintendo shares rocketing. Friday’s jump sent the stock to its highest level since Octobe...

19 Apr 2:08 AM 0 Read More...

Uber's self-driving unit valued at $7.25 billion in new investment

SAN FRANCISCO (Reuters) - Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology...

19 Apr 1:49 AM 0 Read More...

Intelsat says satellite made by Boeing fails

(Reuters) - Satellite operator Intelsat S.A. said on Thursday one of its satellites made by Boeing Co has failed due to an anomaly related to its propulsion system. The company, which disclosed a service outage on its 29e satellite on April 10, said a failure review board has been convened with Boeing to complete an analysis of the cause of the anomaly. On April 7, the 29e propulsion system experienced damage, and w...

18 Apr 9:08 PM 0 Read More...

Pinterest, Zoom shares surge in market debuts after IPOs

(Reuters) - Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings. That bodes well for the U.S. IPO market as ride-hailing company Uber Technologies Inc prepares for its highly anticipated debut, particularly with shares in smaller rival Lyft Inc floundering below their ...

18 Apr 9:05 PM 0 Read More...

Automakers invest heavily in electric vehicles despite still-low demand

NEW YORK (Reuters) - Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally. Last year, only about 2 percen...

18 Apr 7:23 PM 0 Read More...

Samsung gets reports of Galaxy Fold screen problems, raising specter of Note 7 fiasco

NEW YORK/SEOUL (Reuters) - Samsung Electronics Co Ltd said it has received “a few” reports of damage to the displays of samples of its upcoming foldable smartphone, raising the prospect of a less-then-smooth entry for the splashy $1,980 handset. The Galaxy Fold, on sale from April 26 in the United States, resembles a conventional smartphone but opens like a book to reveal a second display the size of a small tabl...

18 Apr 6:14 PM 0 Read More...

Pinterest, Zoom shares surge in market debut after IPOs

(Reuters) - Shares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion and signaling increased investor appetite for new tech listings. The successful debut bodes well for the U.S. IPO market as it readies for the much-awaited listing of ride-hailing giant Uber Technologies, particularly after smaller rival Lyft Inc’s struggles ...

18 Apr 6:02 PM 0 Read More...