Intel is selling a 51% stake in its Altera semiconductor business to Silver Lake for $8.75 billion, making Altera operationally independent. Intel will retain 49% ownership. Altera, which makes FPGAs used in communications, robotics, and AI, generated $1.54 billion in revenue in fiscal year 2024. The deal, expected to...
US stocks surged on Monday following a White House announcement temporarily exempting some consumer electronics from President Trump's tariffs. The Dow Jones rose 1.1%, the S&P 500 climbed 1.7%, and the Nasdaq increased 2.3%. Apple shares soared 5.5%. While the announcement offered relief to tech companies, the...
Intel is selling a 51% stake in its Altera chip business to Silver Lake for $4.46 billion, valuing Altera at $8.75 billion. This move, under new CEO Lip-Bu Tan, aims to boost Intel's finances and streamline operations. The sale reflects Intel's strategy to cut costs and strengthen its balance...
The Trump administration exempted electronics from global tariffs, impacting Chinese exports significantly. This decision, while seen by China as a small step, is part of Trump's larger plan to reshore supply chains. Meanwhile, Meta faces its biggest legal challenge yet, an FTC antitrust lawsuit alleging anti-competitive practices in...
Nintendo's upcoming Switch 2 and other Chinese-made gaming consoles face a significant setback due to the ongoing US-China trade war. Despite recent tariff exemptions on some tech products, game consoles remain subject to a 145% US tariff on goods manufactured in China. This revelation comes from an internal memo...
President Trump announced upcoming tariffs on imported semiconductors, offering some companies flexibility. This follows a national security trade probe and temporarily excludes smartphones and computers from reciprocal tariffs on China. However, Commerce Secretary Lutnick clarified that new duties on electronics, including smartphones and computers, will be implemented within...
Goldman Sachs is set to release its first-quarter earnings on Monday, with analysts predicting $12.35 EPS and $14.81 billion in revenue. Strong equities trading performance from rivals JPMorgan and Morgan Stanley, fueled by market volatility, suggests potential positive results for Goldman Sachs. However, recent market uncertainty caused by escalating...
Sony is increasing PlayStation 5 console prices in Europe, Australia, and New Zealand, citing economic challenges like inflation and currency fluctuations. The price hikes, effective April 14th, affect the digital edition PS5, while the standard version's price remains unchanged in some regions. In Europe, the digital edition will...
President Trump is considering new tariffs on computer chips, despite recently excluding electronics from import taxes on Chinese goods. This decision follows conflicting statements from his economic advisors, who initially claimed no industry would be exempt from tariffs aimed at reshaping US trade relations. The initial exemption, impacting...
Meta faces a landmark antitrust trial in Washington, with the FTC alleging that Meta's acquisitions of Instagram and WhatsApp eliminated competition. The FTC could force Mark Zuckerberg to divest both platforms if they win. Meta maintains the acquisitions benefitted consumers. Zuckerberg and Sheryl Sandberg will testify. The...
