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......»»
Here’s why M4 MacBooks were a no-show — and when they’re coming
M4 iPads have just touched down, but Macs bearing Apple’s new chip are nowhere to be seen. Here’s when we might finally catch a glimpse of Apple’s next Macs......»»
Ransomware operations are becoming less profitable
As the number of real (and fake) victims of ransomware gangs continues to rise, the number of ransomware payments is falling, along with the average ransom payment. The reasons behind this decrease are many: increased cyber resilience of organization.....»»
New super-pure silicon chip opens path to powerful quantum computers
Researchers at the Universities of Melbourne and Manchester have invented a breakthrough technique for manufacturing highly purified silicon that brings powerful quantum computers a big step closer......»»
Apple reportedly developing new dedicated chip for AI data centers
Apple has been investing a lot in artificial intelligence recently, and soon the company will introduce its own generative AI to the world. In fact, it looks like the company is taking AI seriously, as a new report claims that Apple is developing a n.....»»
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues
Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share......»»
Openlane Q1 earnings: Net income rises 46%; revenue down 1%
Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter......»»
Experiment opens door for millions of qubits on one chip
Researchers from the University of Basel and the NCCR SPIN have achieved the first controllable interaction between two hole spin qubits in a conventional silicon transistor. The breakthrough opens up the possibility of integrating millions of these.....»»
Best HP laptop deals: 17-inch workhorse for $370 and more
HP is one of the best laptop brands, so there's always high demand for HP laptop deals. To help narrow down the choices, we've rounded up our favorite bargains......»»
Blowout deal: grab Apple"s M2 Pro MacBook Pro for $1,599 today only
A flash price drop on Apple's 14-inch MacBook Pro with an M2 Pro chip is in effect today only, driving the price down to $1,599 during B&H's 24-hour Deal Zone.Save $400 on this MacBook Pro today only.B&H's latest Deal Zone consists of a blowout barga.....»»
9to5Mac Overtime 017: Like running through water
Jeff & Fernando discuss Sonos, Rabbit R1 and Humane Pin personal AI gadgets, Apple M4 chip AI, and another iPad wishlist with a few crazy ideas. more….....»»
Report: iPad event video on Tuesday to last about 35 minutes
On Tuesday, May 7, Apple will hold its first product event of the year, ‘Let Loose’. The company is set to introduce new lineup of and iPad Air. The iPad Pro tablets will get OLED displays, a new thinner chassis, and run on the M4 chip. The iPad.....»»
Privacy requests increased 246% in two years
Data Subject Requests (DSRs) — formal requests made to a company by a person to access, delete, or request not to sell/share the personal data that the company holds on them — increased by 32% from 2022 to 2023, according to DataGrail’s 2024 Pr.....»»
Warren Buffett has sold a lot of Apple stock so far in 2024
Famed investor Warren Buffett cut his firm's Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand.Warren Buffett [Berkshire Hathaway]Buffett is not a long-term investor in Apple —.....»»
Blowout deal: grab Apple"s M2 Pro MacBook Pro for $1,649 today only
A flash price drop on Apple's 14-inch MacBook Pro with an M2 Pro chip is in effect today only, driving the price down to $1,649 during B&H's 24-hour Deal Zone.Save $350 on this MacBook Pro today only.B&H's latest Deal Zone consists of a blowout barga.....»»
Foxconn saw best-ever April revenues partly because of better than expected iPhone demand
Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.Workers in a Foxconn factoryIn March 2024, Foxconn's parent company Hon Hai Precision.....»»
American Axle Q1 revenue, profit climb
American Axle & Manufacturing increased revenue and profit in the first quarter thanks to steadier production from its customers. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year......»»
Soft EV demand bedevils public dealer groups in Q1
All six public retailers experienced challenges with electric vehicles, but also saw opportunities......»»
Zeekr aims to raise up to $368 million in U.S. IPO
Zeekr founder and Chairman Shufu Li, according to a U.S. filing, will control almost 75 percent of the shareholder voting power in the company after the IPO......»»
Public retailers grapple with soft EV demand in Q1
All six public retailers experienced challenges with electric vehicles, but also saw opportunities......»»
Public retailers grapple with soft EV demand in first quarter
All six public retailers experienced challenges with electric vehicles, but also saw opportunities......»»