Technology

China’s largest chipmaker SMIC won’t be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC. Vcg | Visual China Group | Getty Images China’s largest chipmaker SMIC won’t be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment,

In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel reported

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022.  Bryan van der Beek | Bloomberg | Getty Images Crypto exchange Coinbase offered a fiery response on Thursday to last month’s Wells

In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Ramin Talaie | Corbis News | Getty Images Ride-sharing app Lyft will lay off 1,072 employees, roughly 26% of its corporate workforce, and won’t hire for an additional 250 positions, the company said in an SEC filing Thursday. The news comes a week after a

In this article DBX Follow your favorite stocksCREATE FREE ACCOUNT Dropbox CEO Drew Houston speaks onstage during the Dropbox Work In Progress Conference at Pier 48 on September 25, 2019 in San Francisco Matt Winkelmeyer | Dropbox | Getty Images Dropbox on Thursday announced plans to cut 500 employees, or about 16% of its workforce,

Twitter CEO Elon Musk speaks at the “Twitter 2.0: From Conversations to Partnerships,” marketing conference in Miami, Florida, on April 18, 2023. Chandan Khanna | AFP | Getty Images After being spotted on Capitol Hill on Wednesday, Elon Musk tweeted that he’d met with Senate Majority Leader Chuck Schumer, D-N.Y., and other lawmakers about artificial

Infosys founder Narayana Murthy sees tech layoffs in the U.S. as an opportunity for India. “I look at these things [such as tech layoffs] as part of a business cycle. The curve goes up and down, up and down. So I would not be that much worried,” Murthy told The CNBC Conversation. related investing news

Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) Joan Cros | Nurphoto | Getty Images South Korean electronics giant Samsung’s operating profit plunged in the first quarter as prices for its memory chips continued to fall and demand remained weak. Here are

In this article META Follow your favorite stocksCREATE FREE ACCOUNT Mark Zuckerberg, co-founder and CEO of Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta can thank Chinese retailers for helping lift the company’s first-quarter sales after three consecutive quarters of revenue declines. As chief financial officer Susan Li

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images News | Getty Images Cryptocurrencies jumped on Wednesday as investor concerns about the U.S. banking sector began to swell again, with First Republic Bank fighting to

In this article GOOGL MSFT Follow your favorite stocksCREATE FREE ACCOUNT Google launched Bard AI, it’s own chatbot to rival Microsoft and OpenAI’s ChatGPT. Jonathan Raa | Nurphoto | Getty Images Google last year had a “Kodak moment” when it came to artificial intelligence, giving rival Microsoft an edge with the technology, one strategist told

In this article MSFT ATVI Follow your favorite stocksCREATE FREE ACCOUNT A sign for Microsoft Corp. at the company’s office in the central business district of Lisbon, Portugal, on Tuesday, Dec. 27, 2022. Zed Jameson | Bloomberg | Getty Images Microsoft shares sustained a nearly 7% rally at Wednesday’s open, a day after reporting third-quarter

Huawei’s co-developed Aito electric car brand is now selling an updated version of the M5 model that comes with new driver-assist tech. Bloomberg | Bloomberg | Getty Images BEIJING — Companies in China are playing up assisted driving technology as a way to compete in the hot electric car market. Around the Shanghai auto show

In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google has been pouring money into its cloud-computing business to compete with Amazon and Microsoft. Those hefty investments are finally turning

In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Microsoft will report fiscal third-quarter earnings after the close of regular trading Tuesday. Here

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Employees of Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, watch as their listing is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, April 14, 2021. Shannon Stapleton | Reuters Crypto exchange Coinbase filed suit against the Securities and Exchange Commission

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook visits the Fifth Avenue Apple Store on September 16, 2022 in New York City. Kevin Mazur | Getty Images An appeals court on Monday mostly sided with Apple over its App Store rules in a suit with Epic Games. The decision

Chamath Palihapitiya Olivia Michael | CNBC Tech investor Chamath Palihapitiya, who said two years ago that bitcoin has replaced gold and predicted the digital currency would climb to $200,000, has a much more cautious view on cryptocurrencies these days. “Crypto is dead in America,” Palihapitiya said in the latest episode of the All-In podcast. Palihapitiya

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Images Bitcoin’s value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday. The collapse of Silicon Valley

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Tim Cook during WWDC 2022 Event Source: Apple Apple’s virtual reality headset will run with hundreds of thousands of iPad apps and take an all-encompassing approach to features, according to Bloomberg. In a bid to entice both developers and consumers, Apple has included gaming, fitness,