GlobalFoundries revenue increased 56 percent YoY as chip demand persists
The report included $5 million in profit compared to a $293 million loss in Q3 2020. Earnings per share checked in at $0.01, or $0.07 on an adjusted basis. Analysts surveyed by FactSet expected $1.7 billion in revenue and a small loss......»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
5 key takeaways from April U.S. sales reports
U.S. light-vehicle sales slipped 3.9 percent to 1.32 million last month compared with April 2023; Toyota led among the brands......»»
New mirror that can be flexibly shaped improves X-ray microscopes
A team of researchers in Japan has engineered a mirror for X-rays that can be flexibly shaped, resulting in remarkable precision at the atomic level and increased stability......»»
Bug hunters can get up to $450,000 for an RCE in Google’s Android apps
Google has drastically increased the rewards bug hunters can get for reporting vulnerabilities in Android apps it develops and maintains. “We increased reward amounts by up to 10x in some categories (for example Remote Arbitrary Code Execution.....»»
Apple Q2 2024 earnings brought to life by Six Colors, with video too
Yesterday saw the announcement of the Apple Q2 2024 earnings report, which were pretty much exactly as expected – revenue coming in at $90.75B against Wall Street expectations of $90.1B. As usual, Six Colors has brought the numbers to life with.....»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»
97% of security leaders have increased SaaS security budgets
58% of the organizations were affected by a SaaS security incident in the last 18 months, according to Valence Security’s 2024 State of SaaS Security Report. Likely, as a result, 96% security leaders have made SaaS security a top priority and 97% h.....»»
Ransom recovery costs reach $2.73 million
Average ransom payment has increased 500% in the last year, according to Sophos. Organizations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part of the cost. Excluding ransoms.....»»
Apple’s iPad Event Gets More Exciting
Apple’s special “Let Loose” iPad event on May 7th recently got a bit more exciting. According to Bloomberg’s Mark Gurman, there’s a “strong possibility” the chip in the new iPad Pro will be the M4 instead of.....»»
When scientists and K-12 teachers team up, the results can be spectacular or lackluster
The results of an in-depth review of published research on scientists conducting K-12 science, technology, engineering and mathematics (STEM) outreach suggest that increased collaboration with K-12 educators could improve such projects......»»
Oil palm plantations are driving massive downstream impact to watershed
The global demand for palm oil—the most widely consumed vegetable oil on the planet, in everything from instant noodles to lipstick—is driving worldwide tropical deforestation. While many studies have shown the loss of biodiversity when rainfores.....»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»
Apple’s Q2 2024 earnings reveal a drop in iPhone, iPad sales
Services growth looked rosy as Apple's hardware revenue in China slowed. Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty) Apple's earnings report for the second quarter of the co.....»»
Apple announces Q2 2024 earnings, slightly beating expectations with $90.75 billion revenue
Apple has disclosed its fiscal year 2024 Q2 earnings results. The company reports $90.75 billion in revenue during the three-month period, dropping 4.31% year over year. Analysts expected revenue around $90.33 billion. Apple netted $23.64 billion i.....»»
Wear OS’s big comeback continues; might hit half of Apple Watch sales
Counterpoint Research projects 27 percent market share this year to Apple's 49. Enlarge / The Samsung Watch 6 classic. (credit: Samsung) Wear OS was nearly dead a few years ago but is now on a remarkable comeback traject.....»»
BorgWarner generates higher revenue, earnings as demand grows for hybrids
Detroit automakers such as GM have plans to bring back hybrids to the market, feeding customer demand for a bridge to all-electric powertrains. BorgWarner's CEO kept details around hybrid quoting activity close to the vest......»»
HITRUST updates Cyber Threat Adaptive engine to address emerging cyber threats
HITRUST announced a comprehensive update to its Cyber Threat Adaptive engine to enable increased accuracy and timeliness of HITRUST CSF updates to address emerging cyber threats. This update introduces advanced AI capabilities through a collaboration.....»»
High-intensity spatial-mode steerable frequency up-converter toward on-chip integration
A study published in Opto-Electronic Science discusses high-intensity spatial-mode steerable frequency up-converter toward on-chip integration......»»
AM radio law opposed by tech and auto industries is close to passing
A recent test of the emergency alert system found only 1 percent got it via AM. Enlarge / Congress provides government support for other industries, so why not AM radio? (credit: Getty Images) A controversial bill that.....»»
Toyota sales rise 14%; Honda edges up; Hyundai, Kia slip in April
U.S. light-vehicle sales are expected to drop about 2 percent in April, reflecting one less selling day than a year earlier and weaker fleet shipments, analysts say......»»