The Taipei listed shares of Taiwan Semiconductor Manufacturing Co TSMC .TW dropped more than after opening on Friday following the company’s first quarter earnings results.The broader market .TWII was down around . . A smartphone with a displayed TSMC Taiwan Semiconductor...

   Jabil Inc JBL.N has placed Chief Executive Officer Kenneth Wilson on a paid leave since April pending completion of an investigation related to corporate policies, the electronic components maker said on Thursday.The company appointed its current CFO Michael Dastoor as the interim CEO,...

   Netflix NFLX.O on Thursday unexpectedly announced that it will stop reporting subscriber numbers each quarter, a decision seen as a sign that years of customer gains in the streaming wars are coming to an end.Shares of the streaming video pioneer fell after it reported a large batch of new...

   U.S. electrical systems are not expanding fast enough to meet rapidly growing power needs of technology like Generative AI, prompting data center businesses to sometimes bypass utilities, executives said at an energy conference this week.Layers of regulations, citing and permitting processes, and...

   Chinese government linked hackers have burrowed into U.S. critical infrastructure and are waiting for just the right moment to deal a devastating blow, FBI Director Christopher Wray said on Thursday.An ongoing Chinese hacking campaign known as Volt Typhoon has successfully gained access to...

   This April story has been corrected to remove the language regarding the cash on hand balance being used to pay expenses and short term debt, which the CEO did not refer to, in paragraph and adds a quote clarifying that the CEO provided details on risk management in paragraph Financial...

   Meta Platforms META.O on Thursday released early versions of its latest large language model, Llama, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI.The models will be integrated into its virtual...

   Bentley Systems BSY.O , an engineering software company with a market value of nearly billion, is exploring options that include a sale after attracting acquisition interest, according to people familiar with the matter.Among the companies that have expressed interest in a deal with Bentley...

   European Union leaders agreed to reforms on nine fronts on Thursday to revitalise the bloc’s economy and help it catch the United States and China in the global tech race, but still exposed differences on freeing up the money required to do so.Leaders first heard from former Italian Prime Minister...

   Google said on Thursday it had terminated employees after some staff participated in protests against the company’s cloud contract with the Israeli government.The Alphabet GOOGL.O unit said a small number of protesting employees entered and disrupted work at a few unspecified office locations....

   Alphabet owned Google GOOGL.O said on Thursday it would consolidate teams that focus on building artificial intelligence models across its Research and DeepMind divisions in its latest push to develop its AI portfolio.Google will relocate its Responsible AI teams which focuses on safe AI...

   An effort to force TikTok’s Chinese owner, ByteDance, to sell the social media app or face a ban in the U.S. was gaining steam in Congress on Thursday, with the House of Representatives setting a vote for Saturday and a key Senate Democrat voicing support for the move.The Republican controlled...

   The U.S. is further restricting Iran’s access to low level technology, in response to Iran’s April attack on Israel and its military support for Russia, according to a posting Thursday by the U.S. Department of Commerce.The U.S. is adding to the list of items that require a license for export...

   Memory chip maker Micron Technology MU.O is set to receive . billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Democratic U.S. Senate Majority Leader Chuck Schumer said on Thursday.The award, which is not yet finalized, will fund chipmaking...

   Microsoft’s MSFT.O billion investment in OpenAI could face an EU antitrust investigation as regulators are building the case for such a move, people familiar with the matter said on Thursday.Microsoft’s OpenAI partnership, together with those between Alphabet GOOGL.O , Amazon AMZN.O and...

   Intel INTC.O said on Thursday it had become the first company to assemble one of Dutch tech group ASML’s new High NA EUV lithography tools, an important part of the U.S. computer chip maker’s drive to outshine rivals.Intel was the first company to buy one of the million euro million ...

   Taiwan chipmaker TSMC .TW said the biggest earthquake in at least years that struck the island on April caused estimated losses of T billion . million to the company in the second quarter.The quake is also expected to bring a basis point drop to TSMC’s second quarter gross...

   India’s No. software services exporter Infosys INFY.NS forecast annual revenue below expectations on Thursday as global macroeconomic uncertainty pressures client spending on discretionary projects.The news pulled down its U.S. listed shares as much as and raised concerns about future demand...

   Aerospace and defense company Northrop Grumman is working with SpaceX, the space venture of billionaire entrepreneur Elon Musk, on a classified spy satellite project already capturing high resolution imagery of the Earth, according to people familiar with the program.The program, details of which...

   South Korea’s LG Electronics .KS has launched a dollar bond deal to raise million, according to a term sheet seen by Reuters on Thursday.A year bond will raise million while a year sustainable bond will raise million, the term sheet showed.LG Electronics did not respond...

   Chinese technology giant Huawei started selling two models of its highly anticipated, high end Pura smartphone series on Thursday that many analysts expect to contain an advanced China made chip like its Mate handset.The Pura series developed by the Shenzhen headquartered company has advanced...

   Stability AI will lay off some staff as part of a restructuring process, according to an internal memo seen by Reuters on Thursday as well as a person familiar with the matter, weeks after founder Emad Mostaque resigned as CEO.The move signals another shift for the AI startup after Mostaque’s...

   The CEO of cryptocurrency exchange Binance said on Thursday the company is working very closely with Nigerian authorities following the detention of its head of financial crime compliance.A Nigerian court has adjourned until May a case against the executive, Tigran Gambaryan, and another Binance...

   Israeli high tech firms raised . billion in the first quarter, largely flat from a year earlier, a report showed on Thursday, as startups continue to raise funds despite Israel’s ongoing war with Palestinian Islamist group Hamas.There were deals in the January March period although seven of...

   Bosch ROBG.UL , the world’s largest automotive supplier, on Thursday warned of further cost cuts and staff reductions, forecasting stagnating vehicle production that will keep a lid on profit margins in . For , we aren’t expecting any economic tailwind, Chief Financial Officer Markus...

   There’s scarcely any critical evaluation of Prime Minister Narendra Modi on India’s mainstream television channels and most newspapers as the world’s most populous nation heads toward a general election that begins on Friday.India’s once in five years election usually draws fiery debate and...

   TSMC .TW , the world’s largest chipmaker and a major Apple and Nvidia supplier, forecast second quarter sales may rise as much as as it rides a wave of demand for semiconductors used in artificial intelligence AI applications.The surging need for processors for AI left executives at...

   Finnish telecom gear maker Nokia NOKIA.HE reported a smaller than expected rise in quarterly profit on Thursday as sluggish demand for G gear in key markets North America and India continued to weigh on sales. This will still be a weak year, for the mobile RAN radio access network market and...

   Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai’s regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional ones.Under the Virtual Asset Service Provider VASP licence, unit Binance FZE will also be able to...

   Apple Inc AAPL.O plans to invest more than million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement dated April .Two buildings acquired in , located across from Apple’s existing offices, will undergo a major upgrade, the U.S....