Market research and consulting firm, iko Partners, publicized a new report unveiling that the Kingdom of Saudi Arabia’s (KSA), the United Arab Emirates (UAE), and Egypt’s gaming market valuation will reach $3.14 billion by 2025. Specializing in video games, esports, and streaming, iko presented data around the Middle East’s gaming sector state is typically confined […]
News
The U.S. House of Representatives will soon introduce a bill to increase U.S. competitiveness with China and boost federal spending on semiconductors, Speaker Nancy Pelosi said on Friday as the Biden administration seeks to boost domestic chip production. “The House will soon introduce its competitiveness bill,” she said in a note to Democratic colleagues. The […]
Intel Corp. announced on Friday plans to pump at least $20 billion in what could be its latest chip-manufacturing facility in Ohio to increase its chip-making production to accommodate the heightened semiconductor demand for digital units. The Santa-Clara-based company will invest in two semiconductor-making plants outside Columbus, Ohio. This will place the company in the […]
Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020. Netflix projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast. […]
The Nasdaq’s loss on Wednesday left it down nearly 11 percent from its November record high close, marking the fourth time in the nearly two years since the coronavirus pandemic shook global markets that the tech-heavy index has found itself in a correction. The index of over 3,600 stocks traded on the Nasdaq exchange has […]
Wall Street’s main indexes were set to open lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after posting its quarterly profit below expectations. Two-year Treasury yields, which track short-term rate expectations, crossed 1 percent for the first time since February 2020 amid traders […]
Orange and Engie said they have teamed up to convert Groupement Orange Services (GOS), Orange’s primary data center in Africa, to solar power, helping to cut the carbon footprint in Cote d’Ivoire. As such, the GOS will provide the eighteen Orange Middle East and Africa (OMEA) subsidiaries with combined hosting and infrastructure operation services, platforms, and IT. […]
In an email sent to the then U.S.- Treasury Secretary Steven Mnuchin in 2018, former President Donald Trump’s son-in-law Jared Kushner showed interest in the possibility of releasing a federal cryptocurrency. According to the Freedom of Information Act request by CoinDesk, Kushner was studying the possibility of having a group of experts “brainstorm” to the right governmental parties the […]
Chipmaker titan Intel has recently removed from an annual letter directed to suppliers information referenced to China’s Xinjiang region following criticism for demanding suppliers to steer clear from the region. Only last month, the U.S.-based company was criticized on social media platforms in China for the letter sent to suppliers – published on the company’s […]
Wall Street’s main indexes tumbled on Monday with Nasdaq leading the declines as technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37 percent below its intraday record […]