By Josh Ye HONG KONG (Reuters) -Lenovo’s fourth quarter revenue fell 24% and it cut 8% to 9% of its workforce, the Chinese group said on Wednesday, as demand for personal computers (PCs) continued to slump. The world’s largest PC maker said revenue for the January-March period was $12.63 billion, marking the third consecutive quarterly…
By Emma Farge GENEVA (Reuters) – The United Nations human rights chief on Wednesday described the situation in Sudan as “heartbreaking” and made a direct call to the two warring generals to stop sexual violence and spare the lives of civilians. Fighting in Sudan that broke out more than a month ago has killed hundreds…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as demand has increased for faster, more energy-efficient computing for artificial intelligence applications, the company said on Wednesday. The funding will be used to accelerate commercialization of Ayar Labs’ silicon photonics…
By Mike Dolan LONDON (Reuters) -Hype or hope, this year’s boom in artificial intelligence along with other productivity-enhancing tech developments may be one of few ways to sustain an increasingly fragile “global balance sheet” over coming decades. There is little doubt about the market heat, corporate alarm and social anxieties created in the mere six…
By Eduardo Baptista BEIJING (Reuters) – In the years before China declared U.S. firm Micron Technology’s products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese…
SHANGHAI (Reuters) – A U.S. lawmaker’s demand for trade curbs on a Chinese memory chipmaker in response to China calling products from Micron Technology a national security risk is the latest escalation of tension between the big powers. The United States and China have been tussling over a range of issues, from Taiwan to technology,…
By Aaron Ross, James Pearson and Christopher Bing NAIROBI (Reuters) -Chinese hackers targeted Kenya’s government in a widespread, years-long series of digital intrusions against key ministries and state institutions, according to three sources, cybersecurity research reports and Reuters’ own analysis of technical data related to the hackings. Two of the sources assessed the hacks to…
By Sam Nussey TOKYO (Reuters) – Sony Group Corp said on Wednesday that its status as an independent provider of content to streaming services is paying off at a time when platform operators are coming under pressure to demonstrate profitability. “Our decision years ago to stay out of the crowded general streaming space and instead…
By Soo-hyang Choi SEOUL (Reuters) – South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems…
WASHINGTON (Reuters) – The Chinese government’s recent ban on U.S. chipmaker Micron Technology over security concerns is “not based in fact,” the White House said on Tuesday. The Biden administration is troubled by Beijing’s recent actions and by raids targeting American firms, White House press secretary Karine Jean-Pierre told reporters. The White House is communicating…
