Tag: tech giants

Google announced on Monday that it plans to inject an additional investment of $1.7 billion into its three data center campuses in central Ohio as a means of fueling additional support. Having already operated a data center in New Albany, the company revealed in...

MTN Group Ltd. confirmed on Monday that Mastercard has agreed to purchase a $5.2 billion stake in the company's financial-technology business. Shares in Africa's largest mobile telecommunication company rose by 10% on the Johannesburg Stock Exchange following the announcement. The deal is composed of...

Chinese tech giant Huawei released its half-yearly earnings figures on Friday, posting a rise in profit despite being faced with sanctions that block access to U.S. processor chips and other technology. Revenue for the first six months of 2023 was 310.9 billion yuan ($43.1 billion),...

Intel reported a surprise second-quarter profit on Friday, sending shares in the company higher by 6%. The company's strong performance was unexpected given the recent slump in the PC market as a whole. Revenue fell by 15% to $12.9 billion from $15.3 billion a year...

Dutch semiconductor equipment manufacturer ASM International revealed on Tuesday that its new orders have almost halved over the second quarter due to a decline in demand as well as delays at its production facility. New orders slumped from 942.7 million euros during the second quarter...

Stocks in New York rose during midday trading on Monday as investors await the latest round of big tech earnings reports and the latest policy decision by the Federal Reserve. The Dow Jones Industrial Index gained over 190 points, thereby advancing 0.5%, while the S&P...