Bargain hunting drove investors to exchange-traded funds (ETFs) tracking technology companies after shares fell sharply on mixed earnings from heavyweights.
The London Metal Exchange’s (LME) three-year-long flagship project to overhaul its electronic trading system faces up to a year of further delays and mounting costs, four sources with knowledge of the matter said.
Intel rose more than 9% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump.
Tata Group is set to start assembling Apple iPhones in India after Wistron Corp approved the sale of its Indian manufacturing unit to the salt-to-software conglomerate, a minister said on Friday.
Two of the European Union’s most senior officials plan to attend Britain’s artificial intelligence (AI) safety summit next week, a two-day event that organisers hope will kickstart international dialogue on AI regulation.
Amazon.com rose 7% on Friday on a pick up in growth at its most profitable cloud business as it aims for a larger share of the booming artificial intelligence market in a race with Microsoft.
Sam Bankman-Fried, testifying in his own defense at his fraud trial on Friday, acknowledged that a “lot of people got hurt” when the FTX cryptocurrency exchange he founded collapsed, but said he did not defraud anyone or take customer funds.
Powerchip Semiconductor Manufacturing plans to build a chip plant in northern Japan’s Miyagi prefecture in cooperation with SBI Holdings with an initial investment of about 400 billion yen ($2.67 billion), the Nikkei business daily said on Friday.
Taiwan’s chip industry is ready to work with the government to achieve its 2050 net-zero goal but development of renewable energy sources needs to be hastened as demand for artificial intelligence booms, a top industry executive said on Friday.
