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Apple pays US$1bil for Intel unit in push for chip independence

NEW YORK: Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp's modem business in a deal valued at $1 billion, the companies said on Thursday.

Business

STMicro lowers full-year sales guidance as chip market remains volatile

PARIS: Franco-Italian chipmaker STMicroelectronics lowered its full-year sales guidance on Thursday in spite of improved activity in the second-quarter, signalling how the sector remains volatile given trade tensions between the United States and China.

Business

Samsung Electronics to launch Galaxy Fold in Sept

SEOUL: Samsung Electronics Co Ltd's first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this year, the company said on Thursday.

Business

What Google, Facebook could face in US antitrust probe

NEW YORK: The U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behaviour, addressing a rising tide of criticism they have become too powerful to the detriment of consumers

Business

Apple in advanced talks to buy Intel's smartphone-modem chip business

NEW YORK: Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Business

TSMC’s solid results shows resilience in trade dispute

TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) projected current-quarter revenue ahead of estimates, as the Apple Inc supplier shrugs off a smartphone slump and US sanctions on Huawei Technologies Co to ride demand for cutting-edge chips.

Business

Wall St drops as Apple falls, Fed eyed

NEW YORK: US stocks fell on Monday as Apple shares dropped following a broker downgrade and investors continued to weigh chances of an aggressive interest rate cut by the Federal Reserve later this month.