China's Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year.
Huawei's American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said.
Silicon Valley billionaire Elon Musk tweeted https://twitter.com/elonmusk/status/1140481957341495296 late on Sunday that he had "just deleted" his Twitter account, while also changing his Twitter display name to "Daddy DotCom".
China's Alibaba Group Holding has proposed a one-to-eight stock split ahead of a listing in Hong Kong later this year that is expected to raise up to $20 billion.
Nvidia Corp on Monday said it will make its chips work with processors from Arm Holdings Inc to build supercomputers, deepening Nvidia's push into systems that are used for modeling both climate change predictions and nuclear weapons.
Chinese e-commerce giant JD.com Inc may list its logistics unit in the future but it currently has no clear plan, a senior company executive said on Monday.
A next-generation drone being developed by several European nations must be price competitive or the project designed to project European unity and strength in an increasingly uncertain world will flounder, France's defense minister warned on Monday.
Palestinian engineers working for Israeli chip designer Mellanox Technologies are poised to share a $3.5 million payout when the company's takeover by U.S. chip supplier Nvidia Corp is completed.
Collective Health, which makes software for companies to pay workers' health costs directly, said on Monday it had raised $205 million in new funding led by SoftBank Group Corp's Vision Fund.
Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday.