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Nasdaq Regains Ground After Choppy Week Driven by Big Tech Earnings

Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth stocks have dictated market moves this week, as investors […]

Long live the User: How CSPs Optimize their Target Group Addressing

“The customer is king” – this claim is anything but new in the telco industry, but now it is fortified by the amendment of the telecommunications act (TKG). In force since December 1, 2021, the update of the TKG especially grants customers additional rights with regard to termination periods, reimbursements, and transparency. Meanwhile, a new paradigm can […]

Huawei to Build Saudi Arabia’s New Cloud Region

In its plan to pump investments into the Middle East, Chinese telecommunications giant Huawei revealed Tuesday plans to create a cloud region in the Kingdom of Saudi Arabia (KSA). The move, which will play a fundamental role in expanding the company’s influence in the Middle East, will bring forth more support to local businesses and […]

Automakers, Chip Firms Differ on When Semiconductor Shortage will Abate

Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers, on the other hand, expect a recovery to take longer. During their quarterly results reporting over the past two weeks, GM CEO Mary Barra projected the semiconductor shortage would […]

U.S. House Set to Pass Sweeping Vote on China Competition Bill

The U.S. House of Representatives was expected to pass on Friday a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, despite Republican opposition. The Democratic-majority House is expected to back the “Competes Act” largely along party lines. Passage would send the measure for negotiations with the Senate on a […]

Qualcomm Leads Strong 2022 Q1 Revenue, Led by High Chip Demand

Semiconductor company Qualcomm Inc. revealed one of its most robust quarterly earnings for 2022’s first quarter (Q1), showing high demand for smartphones and cars chips. “Demand remains strong across all of our technologies and continues to exceed supply,” Cristiano Amon, Qualcomm Chief Executive Officer (CEO), said during an analysts call, adding that supply shortages are […]

Toshiba to Invest $1 Billion to Double Power Chip Production

Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with power chip giants such as Infineon Technologies AG. The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which […]

LogRhythm Rewards Outstanding Cybersecurity Innovation

Through its 2021 European Partner Awards The award winners were recognised for their commitment to providing SIEM threat detection and migration capabilities for their European customers London, UK, 04 February 2022 – LogRhythm, the company powering today’s security operations centres (SOCs) has announced the winners of its 2021 European Partner Awards. The awards honour the achievements of […]

All in a Day: Zuckerberg Loses $29 Billion, Bezos Set to Pocket $20 Billion

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings. Meta’s stock fell 26 percent, erasing more than $200 billion in the biggest ever single-day market […]