United States

Stephen Nellis

Intel's margins tumble as customers shift to cheaper chips, shares slide 10%

Oct 22 2020

Intel Corp on Thursday reported that margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending, news that sent its shares down 10%.

Cisco's Webex participants near 600 million as pandemic flares again

Oct 22 2020

STOCKHOLM/SAN FRANCISCO Cisco's video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic.

Apple expands 'Express' retail store format ahead of holiday season

Oct 22 2020

Apple Inc is expanding a new physical store format as it tries to get iPhone 12 models into customers' hands, its retail chief told Reuters in an interview.

Xilinx forecasts current-quarter revenue largely above estimates

Oct 21 2020

Xilinx Inc forecast current-quarter revenue largely above Wall Street estimates on Wednesday, bolstered by rising sales of its chips to data centers, sending its shares up nearly 2% in extended trading.

Qualcomm jumps into 5G infrastructure market with base station chips

Oct 20 2020

Qualcomm Inc on Tuesday said it will produce chips for 5G telecommunications networking gear, marking the first entry by a major American technology company into a market dominated by European and Chinese firms.

South Korea's SK Hynix to buy Intel's NAND business for $9 billion

Oct 20 2020

SEOUL/SAN FRANCISCO Intel Corp has agreed to sell its NAND memory chip business to SK Hynix Inc for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings. | Video

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