China’s tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to U.S. sanctions had come to a halt. Despite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed the figure. […]
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Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains – and hurting U.S. businesses. Reuters reported on Monday that the United States is considering limiting shipments of American chipmaking equipment to memory chip producers in China […]
Digital attacks against Taiwanese government websites ahead of U.S. House of Representatives Speaker Nancy Pelosi’s arrival in Tapei on Tuesday were likely launched by Chinese activist hackers rather than the Chinese government, a cybersecurity research organisation said. The website of Taiwan’s presidential office was targeted by a distributed denial of service (DDoS) attack on Tuesday […]
Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 4.6 percent in extended trading. The company said it expects third-quarter revenue to fall to […]