(Reuters) – Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production. It didn’t disclose a time period for the investment, but
(Reuters) – Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production. It didn’t disclose a time period for the investment, but
By Paul Sandle LONDON (Reuters) – ARM Holdings, the British chip designer whose technology powers Apple’s iPhone, beat market expectations with a 27 percent rise in third-quarter profit and said it was confident it could keep outperforming rivals. ARM’s low-power processor designs are used in nearly all smartphones and it has consistently outperformed the market as it has found new uses for its technology, such as tablets. Chief Financial Officer
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Italian broadcaster Mediaset and Google have clinched a content deal that brings an eight-year legal dispute to an end and opens prospects for future cooperation, the two companies said on Wednesday. Mediaset, controlled by former Prime Minister Silvio Berlusconi, said in a joint statement with the U.S. internet search company the agreement was aimed at developing its digital content through a partnership with YouTube and Google Play. The deal also
Carl Icahn, the billionaire investor known for picking fights with corporate boards, pledged to throw his financial might into a political crusade to overhaul the U.S. corporate tax system.
Carl Icahn, the billionaire investor known for picking fights with corporate boards, pledged to throw his financial might into a political crusade to overhaul the U.S. corporate tax system.
A global oil glut has the supply-and-demand balance out of wack. Here are the main factors worrying economists about the future.
French Montana and Khloé Kardashian might not be a couple anymore, but that isn’t stopping the rapper from wishing his former flame well during her and Lamar Odom’s tough…
Ferrari NV climbed as much as 17 percent in its New York Stock Exchange debut after it priced its initial public offering at the top end of the marketed range.