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Sony to Acquire Mobile Game Developer in Expansion Effort

The Sony Group Corp announced on Monday its intention to acquire Savage Game Studios for an undisclosed fee. The decision to purchase the Berlin and Helsinki-based mobile games developer comes as the Japanese tech conglomerate looks to expand its business beyond the console gaming...

Panasonic Announces $4 Billion EV Battery Plant

Panasonic Holdings Corp is currently in talks to construct a new electric vehicle (EV) battery plant in the United States. Currently, the company is considering the state of Oklahoma for the $4 billion factory's location. In June, Panasonic dismissed Oklahoma in favor of Kansas for...

Apple Supplier to Invest in Northern Vietnam

Foxconn, a supplier and producer for Apple Inc, has announced its intention to invest over $300 million in the diversification and expansion of its production capabilities in northern Vietnam. The Taiwanese company signed a memorandum of understanding with Vietnamese developer Kinh Bac City to...

U.S. Stocks Reach Longest Winning Streak Since Late 2021

U.S. stocks extended their rally on Friday, marking the longest winning streak for equity markets since November 2021. Nasdaq led the way with a 2.1% rise to mark its first finish above 13,000 since April 25 while the S&P 500 gained 1.7% to secure...

Huawei First Half Profits Drop Amid Weakening Demand

Huawei Technologies announced on Friday that its net profit for the first six months of the year plummeted by 52%. Total revenue for the period was 301.6 billion yuan ($44.73 billion), a year-on-year decline of 5.9%. According to the Chinese tech company, the dramatic decline...

Google Fiber Seeks Largest Growth Spurt in Seven Years

Alphabet Inc. subsidiary Google Fiber is looking to bring its high-speed fiber internet service to five U.S. states in what would be its largest business expansion since 2015. Google Fiber chief executive Dinni Jain confirmed on Wednesday that the company seeks to bring its...