Intel now has officially moved away from the race for 5G chipsets because it is now seeking to divest its smartphone-modem business.   According to a report published in the Wall Street Journal, this business unit of Intel was considered for purchase by Apple Inc. and had initiated talks for...

The plan of installation of Dedicated Short-Range Communications technology in vehicles the US which allows cars and trucks to communicate with each other to avoid accidents is being stopped for the time being by Toyota Motor Corp, the company has said.   There has been indecision among...

US ride hailing company Uber is targeting to gain a market valuation of up to $91.5 billion from its initial public offering which would make it one of the largest IPOs issued by a company in the US in many years now. Analysts would also be looking closely at the success of the IPO which would...

The market valuation of Microsoft went past Apple Inc's $980 billion market capitalisation following a rise of 4.4 per cent in its shares to $130.54 in late trading after the company announced good forecast on a conference call with investors.   On Wednesday, Microsoft executives predicted...

United States based electric car maker Tesla posted a loss of $702 million for the first three months of 2019, the company said in an official filing. The company had reported its first ever back-to-back profits in the last two quarters of 2018.   In a call with the media in February, Tesla...

With the aim of reducing its reliance on the memory chip market which has been volatile in recent times, an investment of $116 billion is being made by Samsung Electronics Co Ltd in the area of non-memory chips till 2030. It also wants to invest for the development of chips that are used to power...

The United Kingdom chose to ignore warnings from the United States about Chinese telecom equipment manufacturing giant Huawei which is expected to raise tensions between the two traditional partners, according to reports in the media.   According to reports, UK Prime Minister Theresa May has...

After a day it delayed the launch of its foldable phones, South Korean tech giant Samsung Electronics Co Ltd is reported to be calling back all samples of its Galaxy Fold that were sent to reviewers by the company to look into complaints of broken screens on the phones.   According to...

Following a year of stagnant growth in the number of users, one of the largest social media companies Twitter surprised analysts by reporting an increase in the average monthly user number for the first-quarter and further surprised analysts by reporting better than expected revenues.  ...

Despite being cornered in a number of western countries including the United States, there was a 39 per cent increase in the first-quarter revenue at 179.7 billion yuan ($26.81 billion) for the Chinese tech giant Huawei Technologies, the company announced on Monday.   This is the first ever...

Instead of selling goods over its e-commerce platform, e-commerce giant Amazon wants to concentrate on the profitable businesses of selling overseas goods and cloud services in China and has thus announced the closure of its online stores in the Chinese market which has the largest population in...