Lawyers for FTX founder Sam Bankman-Fried kicked off their case at his fraud trial on Thursday following 12 days of prosecution testimony in which former colleagues at the now-bankrupt cryptocurrency exchange said he directed them to divert customer funds to his hedge fund and lie to investors and lenders.
Western Digital Corp and Japan’s Kioxia Holdings have broken off talks to create one of the world’s biggest chipmakers, the Nikkei newspaper reported on Thursday.
China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.
Private equity firm Hg is weighing options, including a sale, for its German software business F24 next year, three sources familiar with the matter told Reuters.
Shares of Indian IT services company Tech Mahindra dropped to nearly a three-month low on Thursday, a day after the company posted its biggest profit drop in 16 years.
Computer hard drive maker Seagate Technology forecast second-quarter revenue below estimates on Thursday, a sign that demand stays weak for its data storage products amid a PC market slump.
BP’s electric vehicle charger unit is ordering $100 million worth of Tesla ultra-fast chargers for rollout in the United States, the first deployment of Tesla’s chargers on an independent network, the companies said on Thursday.
German technology groups have warned they are being hit by delays in getting China-bound exports through customs, following the introduction of a German government strategy to reduce economic dependence on demand from China.
Comcast forecast higher broadband losses after the number of customers unexpectedly declined in the third quarter amid tough competition, overshadowing the strong performance of its streaming and parks businesses and sending shares of the company down nearly 6%.
Mobileye Global beat quarterly profit estimates on Thursday on resilient demand for its autonomous driving technology, sending its shares 8% higher in early trading.
