By Karen Freifeld (Reuters) -Semiconductor equipment maker Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker SMIC, according to three people familiar with the matter. The largest U.S. semiconductor equipment maker is being probed by the Justice Department for sending equipment to SMIC via South Korea without export…
(Reuters) – IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party. The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Intel rose by nearly 7% on Thursday, hitting their highest level in 17 months, after Mizuho Securities upgraded its rating on the semiconductor maker’s stock to “buy,” citing prospects of increased revenue from forthcoming chips and new production facilities. Intel is set to unveil a new data…
By Alexandra Alper and Michael Martina WASHINGTON (Reuters) -The Biden administration on Thursday removed the Chinese Ministry of Public Security’s Institute of Forensic Science from a trade sanction list, part of a bid to convince Beijing to do more to halt the flow of the synthetic opioid fentanyl into the United States. Washington put the…
By Joey Roulette (Reuters) -The U.S. Federal Aviation Administration on Wednesday granted Elon Musk’s SpaceX a license to launch the company’s second test flight of its next-generation Starship and heavy-lift rocket from Texas, the agency said. SpaceX said it was targeting Friday for a launch, saying a two-hour launch window opens at 7 a.m. Central…
(Reuters) – Elon Musk on Wednesday denied a report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024. He called it “false” in a reply to a post on social media platform X that shared a Bloomberg News report saying SpaceX had…
By Stephen Nellis (Reuters) – Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms that – faced with the high cost of delivering artificial intelligence services – are bringing key technologies in-house. Microsoft said it does not plan to sell the chips but instead will use them to power…
By Peter Henderson, Anna Tong and Trevor Hunnicutt SAN FRANCISCO (Reuters) – Just blocks from where U.S. President Joe Biden and his Chinese counterpart Xi Jinping will meet other Asia-Pacific leaders this week in San Francisco is a neighborhood where it is commonplace to see people using and selling drugs. While the leaders are unlikely…
By Alexandra Alper WASHINGTON (Reuters) – Chinese companies are buying up U.S. chipmaking equipment to make advanced semiconductors, despite a raft of new export curbs aimed at thwarting advances in the country’s semiconductor industry, a report said on Tuesday. The 741 page annual report, released by the U.S.-China Economic and Security Review Commission, takes aim…
(This Nov. 8 story has been corrected to say Biogen cut profit forecast due to costs related to a deal, not the launch of its Alzheimer’s drug, in paragraph 1 and the headline) (Reuters) – Biogen cut its annual profit forecast below Wall Street expectations on Wednesday, on higher expenses related to the recent acquisition…
