Intel Corp
Intel warns Ohio factory could be delayed because Congress is dragging its feet on funding
Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. 2022. Adam Galica | CNBC A large chip factory currently in the early stages of being built outside of Columbus, Ohio, could see its scope scaled back or construction delayed depending on what Congress does with the CHIPS Act, Intel said in […]
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Qualcomm wins fight against $1 billion EU antitrust fine
Qualcomm Inc. President and CEO Cristiano Amon speaks during the company’s press event for CES 2022 at the Mandalay Bay Convention Center on January 4, 2022 in Las Vegas, Nevada. CES, the world’s largest annual consumer technology trade show, is being held in person from January 5-7, with some companies deciding to participate virtually only […]
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Cramer: 15 things I learned about the changing tech sector from my week in Silicon Valley
It’s been more than two years — going back to the start of the Covid pandemic — since I have been able to do a deep dive of Silicon Valley. But over the past week I was able to reconnect with many executives, CEOs, and market insiders in CNBC’s San Francisco bureau, and I was […]
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Apple’s newest homegrown chips present a fresh challenge to Microsoft’s Windows business
Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference. Justin Sullivan | Getty Images Apple’s new laptops announced on Monday, featuring the iPhone maker’s next-generation in-house chips, […]
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The biggest mall owner in the U.S. hopes to create a new sales holiday as inflation surges
David Simon, chairman and chief executive officer of Simon Property Group Patrick T. Fallon | Bloomberg | Getty Images David Simon, the chief executive officer of the biggest shopping mall owner in the country, wants to create a new type of annual shopping extravaganza as consumers are increasingly feeling the pinch of inflation just about […]
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Stocks making the biggest moves premarket: Target, Novavax, Nio and more
These are the stocks posting the largest moves before the bell. Source
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Here’s the email Elon Musk sent all Tesla employees about 10% head count reduction
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla CEO Elon Musk said in an email to all employees at the electric vehicle maker on Friday that the company will cut 10% of salaried workers and will instead rely on more […]
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Microsoft revamps its budget Surface Laptop Go with more storage
Microsoft’s Surface Laptop Go 2 starts at $599. Microsoft Microsoft on Wednesday started taking preorders for the Surface Laptop Go 2, the first revision to its entry-level laptop. The PC starts at $599, an increase of $50 from the original Surface Laptop Go that Microsoft released in 2020. The tech giant is adhering to its […]
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Electronics are set to get even more expensive as chip giants hike their prices
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts. The world’s biggest foundries — including Taiwan Semiconductor Manufacturing Company, Samsung and […]
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Strategists reveal how they’re trading tech stocks — and the same names keep coming up
Investors and strategists have revealed how they’re playing the beaten-down tech sector, naming several stock opportunities in a market they say could be nearing the bottom. Lee Baker, owner and president at Apex Financial Services, described Apple and Microsoft as “good solid companies” for investors to consider right now. Speaking to CNBC’s Squawk Box Europe […]
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