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News of New York

Arm, SoftBank's Chip Designer, Initiates High-Profile IPO Filing
22 August 2023
3912
Unleashing AI Potential In a strategic move reflecting the AI computing trend, SoftBank's Arm is gearing up for a substantial US initial public offering (IPO). Leading financial institutions, including Barclays, Goldman Sac...
Tech Giants Apple and Amazon Earnings Await: Wall Street Braces for Explosive Week Ahead
31 July 2023
3871
Major Stock Moves Witness Monday's rising stock futures following the S&P 500's impressive month of gains. Stay tuned as Wall Street focuses on earnings from tech giants Apple and Amazon.com, along with the highly anticipated monthly U.S. jobs r...
Nvidia and SoftBank deal to buy Arm not going ahead
8 February 2022
3687
Nvidia and ARM The US corporation Nvidia has decided to abandon its acquisition of UK company Arm due to disapproval of the deal by regulators. The Financial Times reported this on Tuesday, citing unnamed...
Qualcomm shares rose 6.7%
4 November 2021
3967
The company's earnings and outlook Qualcomm (QCOM) shares rose after the postmarket on Wednesday after the chipmaker achieved better-than-expected sales and revenue reports. The high sales outlook for the holiday quarter shows that Qualcomm is respo...
Google unveils new Pixel 6 and Pixel 6 Pro smartphones powered by its own Tensor chip
22 October 2021
3771
New devices from Google Google on Tuesday unveiled its new Pixel 6 and Pixel 6 Pro smartphones with proprietary Tensor chips and the recently released Android 12 operating system. The new d...
Stocks rise as oil hits 7-year high
5 October 2021
3697
Stocks rise US stock indices rose on Tuesday as the major averages are expected to stabilise at or near their lowest level in months. The Dow Jones Industrial Average rose 114 points, or 0.34 pe...
Nvidia expects EU authorities to obstruct approval of its Arm purchase deal
8 September 2021
3725
Nvidia & Arm deal Nvidia (NVDA) shares fell 0.8% on Tuesday after news broke that EU authorities see not enough concessions from Nvidia on the Arm purchase deal to mitigate potential damage to competitors and gain approval from EU antitrust...
Nvidia's deal to buy Arm could be blocked by the UK
4 August 2021
3972
Arm and Nvidia Nvidia shares were down slightly at the pre-market on Wednesday following news that a preliminary investigation by UK authorities into Nvidia's deal to buy UK tech giant Arm showed "worrying implicat...
Google will produce its own smartphone chips and ditch Qualcomm
3 August 2021
6459
Goole and Qualcomm's chips Google announced on Monday that it will start producing its own processors called Tensor for its new range of Pixel 6 and Pixel 6 Pro smartphones. This is the "beginni...
New York Stock Exchange pre-market on Thursday
29 July 2021
3863
State of the stock market on Thursday Facebook (NASDAQ:FB) shares fell 3.1% on the New York Stock Exchange premarket on Thursday after the social media giant warned of a significant slowdown in revenue growth in the current third quarter and next. ...
Nvidia shares up 5%
30 June 2021
4530
Deal with Arm Nvidia shares hit a new price high on news of an artificial intelligence (AI) partnership with Google and unexpected support from major semiconductor companies for Nvidia's de...
Intel ramps up production
19 June 2021
7268
Production increases Intel today announced that it is jointly building a new factory in Italy with communications companies. Intel also said this week that it plans to be a contract manufacturer for Qualcomm. Intel (INTC) plans to aggressively expa...
Nvidia and Arm deal could drag on for more than 2 years
10 June 2021
3874
Deal delayed The biggest deal in Nvidia's history and one of the biggest in the tech industry, Nvidia's merger with UK-based Arm, could be delayed indefinitely because of China's antitrust investigation. Since Arm has subsidiaries in other countries...
Nvidia bid Chinese regulator to buy Arm for $40bn
8 June 2021
3997
Takeover bid Nvidia (NASDAQ:NVDA) has filed an application with Chinese antitrust authorities to review a $40 billion takeover of UK chip developer Arm, currently owned by Japanese tech giant SoftBan...
Snap unveiled new Spectacles AR glasses and its new technology
21 May 2021
5086
New specs Shares in Snap rose nearly 6 per cent on Thursday following a series of updates and new product announcements unveiled by the company during the Snap Partner Summit online presentation. On Wednesday, Snap (SNAP) unveiled a new generation ...
Chinese authorities fined Alibaba 2.8 billion dollars
10 April 2021
4686
Largest fine in history The company was accused of violating antitrust laws. Alibaba's actions had a negative impact on competition in the e-commerce market, the regulator said. China's State Market Surveillance Administration has imposed a fine of...
Arm unveiled new V9 architecture
1 April 2021
4302
New V9 architecture Arm on Tuesday unveiled its new Armv9 architecture, which will form the basis of the next 300 billion chips whose technology will enable artificial intelligence and high security data storage. ...
Four-year antitrust case against Qualcomm closed
30 March 2021
4056
Case closed Qualcomm has been in a legal dispute since 2017 with the US Federal Trade Commission (FTC), which accused the company of abusing its dominant position in smartphone chips. Qualcomm's (QCOM) licensing practices have been t...
Intel's new CEO to build two new chip factories in Arizona
25 March 2021
4218
New chip plants in Arizona Intel shares rose 3.7 percent after the company's new CEO announced plans to build two new plants for about $20 billion. Intel could expect success, given the global chip s...
Beijing accuses Alibaba of dishonest business
15 March 2021
3605
Unfair business The Chinese authorities intend to impose the largest antitrust fine in the country's history on Internet platform Alibaba. This was reported by The Wall Street Journal (WSJ). According to WSJ sources, Alibaba is to be fine...
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