Huawei Technologies saw its profits surge by 9.6% in 2023, more than doubling its earnings, with its net profit reaching 87 billion yuan ($12 billion) due to strong sales and growth in cloud and digital sectors despite facing challenges from U.S. sanctions.
Consumer Electronics
The UK Considers Banning Smartphone Sales to Children Under 16 Amid Strong Public Backing
The UK considers banning smartphone sales to under-16s due to rising safety concerns. Recent surveys show strong public support.
Nintendo To Shut Down 3DS and Wii U Online Services Globally
Nintendo has announced the closure of two major online services, affecting various Nintendo 3DS and Wii U models, but features like StreetPass and Pokémon Bank will continue to function post-shutdown.
Biden Administration Grants Taiwan Semiconductor Manufacturing Company $11.6 Billion to Boost Chip Production in U.S.
The US Commerce Department allocated $11.6 billion to TSMC, aiding chip production in Arizona as part of the CHIPS and Science Act. TSMC's total investment in the US reached $65 billion, including plans for a third fabrication plant.
Apple AI-Powered Home Robots Reportedly in The Works After Tech Giant Kills Electric Car Project
Apple's home devices group is reportedly developing a mobile robot and an advanced tabletop device with a moving display, both powered by robotics.
Latest News
Amazon's $2.75 billion investment in Anthropic, a top generative AI startup, marks its largest outside investment, showcasing its commitment to AI innovation.
Apple CEO Tim Cook has visited China to boost iPhone sales while praising the Chinese economy. However, he was criticized at home for his laudatory remarks.
Elon Musk's Starlink terminals are reportedly falling into the wrong hands as they become targets for a flourishing black market trade worldwide.
Dell revealed in a filing that it has reduced its workforce as part of its broader strategy to cut expenses.
Apple responded to declining sales in China by planning to integrate Baidu's AI technology into its upcoming iPhone 16 and other products for the Chinese market, following CEO Tim Cook's visit to Shanghai.
Elon Musk's companies, including Tesla and xAI, heavily rely on Nvidia's technology for AI development.
The DOJ is preparing to file suit against Apple on Thursday, alleging that the company violated antitrust laws by preventing competitors from accessing hardware and software features of iPhone.
Hindenburg Research accuses Equinix of accounting manipulation and misleading shareholders with an "AI pipe dream," prompting market shock and investor reassessment.
Apple CEO Tim Cook arrives in Shanghai ahead of a new retail store opening and decreasing iPhone sales.
