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NEW YORK: U.S. stock market futures dropped late on Thursday after Treasury Secretary Steven Mnuchin pulled the plug on some of the Federal Reserve' pandemic emergency lending programs.
NEW YORK: U.S. stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with worries over mounting shutdowns and layoffs linked to spiraling COVID-19 infection rates.
NEW YORK: The S&P 500 and the Dow edged lower on Thursday as new coronavirus restrictions and an unexpected rise in weekly jobless claims raised fears of stalling economic growth in the absence of new stimulus measures.
Amazon.com Inc on Nov 12 said it shifted part of the computing for its Alexa voice assistant to its own custom-designed chips, aiming to make the work faster and cheaper while moving it away from chips supplied by Nvidia Corp.
Apple Inc on Nov 10 is expected to unveil new Mac computers using its own in-house processor chips, a move that could reignite a race to control the market for desktop and laptop chips and benefit players such as Qualcomm Inc.
NEW YORK: Advanced Micro Devices Inc’s (AMD) US$35bil purchase of semiconductor maker Xilinx Inc pushes 2020 toward a record year for chip deals, as large tech companies rush to consolidate the increasingly competitive industry.
Daimler AG’s commercial truck unit and Alphabet Inc’s Waymo on Oct 27 said they will collaborate on development of self-driving Class 8 semi trucks, applying Waymo’s automated system to Daimler’s Freightliner Cascadia.
SoftBank Group Corp CEO Masayoshi Son said on Oct 22 that the sale of chip designer Arm to Nvidia Corp will drive growth in computing power, in his first public comments since the US$40bil (RM165.85bil) deal was announced in September.
TOKYO: SoftBank Group Corp’s Rajeev Misra disputed reports the Japanese company had pumped up tech stocks through its options trading, saying no single investor has that kind of influence on the markets.