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Foxconn's August sales drop 8% y/y, Q3 outlook better
  + stars: | 2023-09-05 | by ( ) www.reuters.com   time to read: +2 min
A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. Foxconn (2317.TW), formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$412.83 billion ($12.93 billion), down 12% from July. Other businesses, including computing products such as PCs and cloud and networking products, declined from a year ago, Foxconn said, without elaborating. Foxconn's Taipei-listed shares closed up 0.5% on Tuesday ahead of the release of its August sales, compared with flat in the broader market (.TWII). ($1 = 31.9170 Taiwan dollars)Reporting by Yimou Lee and Ben Blanchard; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
Persons: Ann Wang, Foxconn, Yimou Lee, Ben Blanchard, Robert Birsel Organizations: REUTERS, Rights, Apple, Hai Precision Industry Co, Revenue, Thomson Locations: New Taipei City, Taiwan, Rights TAIPEI, China, Foxconn's Taipei
Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."
Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 29 (Reuters) - HP Inc (HPQ.N) tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. Shares of the Palo Alto, California-based company fell 5.2% in after-market trading. HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts' estimates. The company remains on track to deliver 40% of its three-year cost savings target by the end of the fiscal year.
Persons: Brendan McDermid, Enrique Lores, Lores, Zaheer Kachwala, Krishna Chandra Organizations: Hewlett - Packard, New York Stock Exchange, REUTERS, HP Inc, Palo, HP, Thomson Locations: New York, U.S, China, Palo Alto , California, Bengaluru
But these days, the gap between the best gaming laptops and best gaming PC desktops is much closer. AdvertisementAdvertisementGaming laptop vs. desktop: PerformanceGaming laptops and gaming desktops both look and run differently. AdvertisementAdvertisementGaming laptop vs. desktop: Heat and required powerAnyone who's ever played on a gaming laptop (or even a regular laptop) is familiar with the burning sensation of a laptop chassis on their thighs. AdvertisementAdvertisementGaming laptop vs. desktop: PriceFor the same amount of performance, gaming desktops are cheaper than gaming laptops. Even if two machines have the same listed specs, desktop hardware is far more powerful than mobile laptop hardware.
Persons: you'll, William Antonelli, , they're, who's, they've, it'll, They're, I've Organizations: DC, Dell, Mobile, Asus, Gaming
Dado Ruvic | ReutersMicrosoft on Tuesday submitted a new deal for the takeover of Activision Blizzard, offering a spate of concessions after U.K. regulators rejected its initial proposal. Under the restructured deal, Microsoft will not acquire cloud rights for existing Activision PC and console games, or for new games released by Activision during the next 15 years, the CMA said. Regulators previously argued that Microsoft could also take key Activision games, like Call of Duty, and make them exclusive to Xbox and other Microsoft platforms. To cross that line, Microsoft offered concessions, such as offering royalty-free licenses to cloud gaming platforms to stream Activision games, if a consumer has purchased them. In the U.S., the Federal Trade Commission was fighting a legal battle with Microsoft in an effort to get the Activision takeover scrapped.
Persons: Dado Ruvic, Brad Smith Organizations: Activision, Reuters Microsoft, Activision Blizzard, Markets Authority, Microsoft, CMA, Redmond, Activision PC, Ubisoft Entertainment, Ubisoft, Netflix, European Union, Federal Trade Commission Locations: U.S, Europe
In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. Threads is the new social network from Meta Platforms which was launched on the 5th of July 2023. A Meta spokesperson said the company will be "rolling out" the web version of Threads for the general public "over the next few days." Influencers and power users on X often use the desktop version of the app to post comments and share content throughout the day. Although Zuckerberg recently told analysts on an earnings call that he's "quite optimistic" about Threads, Meta is not planning to monetize the app until it's more established.
Persons: Meta, Mark Zuckerberg, influencers, Elon Musk, Zuckerberg Organizations: Meta, CNBC
And according to a report from Consumer Intelligence Research Partners, they're especially popular among young adults — the same group that dominates PC gaming, according to Statista. However, these days, most MacBooks run on a single chip called either the M1 or M2, also known as Apple silicon, that holds both the CPU and GPU. Steam, the most popular PC gaming app, even has its own dedicated macOS catalog now. It features thousands of fantastic games, including:You also have access to a wealth of popular games outside of Steam, like Fortnite and The Sims 4. And don't forget cloud gaming services like Xbox Game Pass that let you stream popular games on your MacBook.
Persons: MacBooks, you'll, Whoopi Goldberg's, you'd, William Antonelli, I've, you've, aren't Organizations: Consumer Intelligence Research Partners, Apple, AMD, Intel, Nvidia, Mac, Forza, Xbox Cloud Locations: itch.io
Arm's sales fell to $2.68 billion in the 12 months ended March 31, hurt by a slump in global smartphone shipments, the source said, requesting anonymity. In May, SoftBank reported that revenue for the year at Arm had grown 5.7% under International Financial Reporting Standards. Arm will disclose its latest financials next week under the U.S. accounting standards, the source added. Reuters had previously reported that SoftBank was aiming to list Arm at a valuation of $60 billion to $70 billion in the IPO. Arm's IPO preparations are being led by Goldman Sachs Group (GS.N), JPMorgan Chase (JPM.N), Barclays Plc (BARC.L) and Mizuho Financial Group.
Persons: SoftBank, Goldman Sachs, JPMorgan Chase, Arm's financials, Anirban Sen, Manya, Shinjini Organizations: Nasdaq, Reuters, Vision Fund, Goldman, JPMorgan, Barclays Plc, Mizuho Financial Group, Bloomberg News, Manya Saini, Thomson Locations: New York, Bengaluru
How to play games on a ChromebookCompared to Macs and PCs, Chromebooks don't come with many apps pre-installed. But you can use two of your Chromebook's native apps — Google Chrome and the Google Play Store — to find and play loads of games. And similarly, the best way to play games on your Chromebook is through your browser. This is the best way to play new, high-end games on a Chromebook. Use the Google Play Store to play Android appsMost Chromebooks have a dedicated Google Play Store app which lets you download and play almost any Android app.
Persons: you'd, Chromebooks, William Antonelli, it's Organizations: GE, Google, Nvidia, Forza, Microsoft, Luna, Internet, Konami Digital Entertainment, Chromebooks, Linux, Steam Locations: Minecraft
Lenovo Q1 revenue misses forecasts, hit by poor PC demand
  + stars: | 2023-08-17 | by ( Josh Ye | ) www.reuters.com   time to read: +3 min
The world's largest PC maker has now suffered four consecutive quarters of sales declines. Revenue in the April-June quarter fell to $12.9 billion, below a $13.84 billion average of seven analyst estimates compiled by Refinitiv. Lenovo shares in Hong Kong fell as much as 6% after the result but recouped some losses to trade down 2.9%, while the benchmark index (.HSI) gained 0.9%. However, revenue started contracting last year as demand began to fall, weighed down by rising interest rates and soaring inflation. "The group’s PC business is stabilizing and well-positioned for a year-on-year recovery in the later part of 2023," Lenovo said in a statement.
Persons: Thomas White, HSI, Yang Yuanqing, he's, Yang, Josh Ye, Miyoung Kim, Lincoln, Sonali Paul Organizations: Lenovo, REUTERS, HK, Revenue, Refinitiv, Global, Thomson Locations: HONG KONG, Hong Kong, China
Apple supplier Foxconn cautious despite beating earnings forecasts
  + stars: | 2023-08-14 | by ( ) www.cnbc.com   time to read: +3 min
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019. Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic uncertainties. Within the AI server supply chain, Foxconn has won a "very high" market share for GPU modules and substrates, Liu said. It was better than an average forecast of T$25.57 billion profit from 13 analysts, according to Refinitiv. Apple this month forecast that a sales slump would continue into this quarter, sending shares down despite beating Wall Street sales and profit targets in its fiscal third quarter.
Persons: Liu Young, Liu, Foxconn, Jun Seki Organizations: Stars Mobile India, Apple, Vedanta, Nissan, North, Wall Locations: Tamil Nadu, India, China, Wisconsin, Foxconn
The Nova Pro Wireless improves on many of the best features found on SteelSeries' cheaper Arctis Nova 7, which is another one of our favorite wireless headsets. While cheaper options like the Nova 7 will satisfy most gamers, the Arctis Nova Pro Wireless offers high-end features for those willing to pay top dollar. SteelSeries Arctis Nova Pro Wireless The Arctis Nova Pro Wireless is an excellent headset for anyone who wants high-end performance. SteelSeries Arctis Nova Pro Wireless Headset: SpecsSpecifications Arctis Nova Pro Wireless Headset Connectivity 2.4GHz wireless, Bluetooth 5.0, 3.5mm wired Drivers 40 mm neodymium drivers Battery About 20 hours per battery, two rechargeable batteries included Microphone Embedded dual noise-canceling mics 2.4 GHz Wireless range 30 to 40 feet Charging port Charges battery via wireless transmitter or USB-C Colors Black Weight 0.74lb/336g Platforms PS5, PS4, PC, Nintendo Switch, Xbox Series X/S, Xbox One, MacOSShould you buy the Arctis Nova Pro Wireless Headset? SteelSeries' Arctis Nova Pro is the high-end wireless gaming headset to beat.
Persons: you'll, comfy, it's, Kevin Webb, 2.4GHz, SteelSeries, Dolby, MacOS Organizations: Nova Pro, Nintendo, Nova Pro Wireless, PlayStation, Base, Nova, Wireless, ANC, Nova Pro Wireless's ANC, Bluetooth, Xbox, Pro, Buyers
Netflix to make its games playable on more devices
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Mike Blake/File PhotoAug 14 (Reuters) - Netflix (NFLX.O) will test games on select TVs and computers in a first step to make them playable on more devices, the company's vice president of Games Mike Verdu wrote in a blog post on Monday. The streaming platform had begun its push into the gaming experience by launching Netflix games on mobiles in November 2021. "Oxenfree" from Night School Studio, a Netflix Game Studio, and "Molehew's Mining Adventure", a gem-mining arcade game, will be part of the initial testing. "By making games available on more devices, we hope to make games even easier to play for our members around the world," Verdu said. Netflix said games on TV will operate on select devices from initial partners Amazon Fire TV Streaming Media Players, Chromecast with Google TV and Roku devices, among others.
Persons: Mike Blake, Mike Verdu, Verdu, Samrhitha, Krishna Chandra Organizations: Netflix, REUTERS, Night School, Amazon, Google, Thomson Locations: Los Angeles , California, U.S, Canada, United Kingdom, Bengaluru
Chipmaker Skyworks sees profit below estimates on weak demand
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +1 min
Aug 7 (Reuters) - Apple supplier Skyworks Solutions (SWKS.O) on Monday forecast fourth-quarter profit below Wall Street estimates as demand for wireless connected devices from customers outside the artificial intelligence (AI) industry remains gloomy. Apple (AAPL.O) - Skyworks' largest customer - last week predicted its sales would fall for a fourth straight quarter, dragged down by weak demand for its flagship device. Chipmaker Skyworks said it expects fourth-quarter adjusted earnings of $2.10 per share, slightly below market estimates of $2.11 per share, according to Refinitiv data. It anticipates fourth-quarter revenue between $1.19 billion and $1.24 billion, the mid-point of which was in-line with analysts' average estimates of $1.22 billion. Excluding items, Skyworks posted profit of $1.73 per share in the third quarter ended June 30, above estimates of $1.70, according to Refinitiv data.
Persons: Chipmaker Skyworks, Skyworks, Jaspreet Singh, Shinjini Organizations: Apple, Skyworks, Wall, Thomson Locations: Bengaluru
Following Monday's trade, Dupont will have a 1% weighting in Jim Cramer's Charitable Trust, the porfoltio we use for the Club. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Traders work on the floor of the New York Stock Exchange (NYSE) on August 02, 2023 in New York City.
Persons: Dupont, Jim Cramer's, DuPont, it's, repurchased, There's, Ed Breen, Jim Cramer, Jim, Spencer Platt Organizations: DuPont, Jim Cramer's Charitable Trust, Club, DuPont Electronics &, Devices, Rogers Corporation, Rogers, JPMorgan, CNBC, Traders, New York Stock Exchange, Getty Locations: China, Celanese, New York City
Foxconn's July sales drop 1.23% y/y, Q3 outlook better
  + stars: | 2023-08-05 | by ( ) www.reuters.com   time to read: +1 min
The company said revenue was the second-highest for the month of July, thanks to "customers' increasing pull-in" for its smart consumer electronics products, including smartphones. That segment recorded double-digit growth from a year ago, it said, as major vendors such as Apple gear up for new product launches later this year. Other businesses, including computing products such as PCs and cloud and networking products, declined from a year ago, the company said, without elaborating. The first half of the year is traditionally slower for Taiwan tech manufacturers as major electronics vendors including Apple launch new products near the year-end holiday season. Second-quarter revenue dropped 13.8% year-on-year, in line with the company's expectations, Foxconn said in July.
Persons: Dado Ruvic, Foxconn, Yimou Lee Organizations: REUTERS, Apple, Hai Precision Industry Co, Taiwan, Thomson Locations: TAIPEI, Taiwan
For the full year, Infineon expects investments amounting to approximately 3 billion euros. The planned expansion of the Kulim fab is backed by customer commitments covering about 5 billion euros and about 1 billion euros in pre-payments, said Infineon, which said it would invest up to an additional 5 billion euros over the next five years. The company expects the expanded facility - together with its plant in Villach, Austria - to generate annual revenues of 7 billion euros. The company on Thursday confirmed its revenue outlook of around 16.2 billion euros, which it had raised in May. Infineon's third-quarter adjusted, or "segment", result was down 10% from the previous quarter at 1.067 billion euros, while its margin came in slightly lower than expected, at 26.1%.
Persons: Robert Habeck, Annalena Baerbock's, Annegret, Schwarz, Jochen Hanebeck, Ford, China's Cherry, Infineon's, Miranda Murray, Christina Amann, Friederike Heine, William Mallard Organizations: Infineon Technologies, REUTERS, Infineon, Lang, Semiconductor, SAIC, Thomson Locations: Dresden, Germany, Malaysia, BERLIN, electromobility, Villach, Austria
AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada. Chip stocks dipped Wednesday, after AMD 's disappointing revenue forecast raised concern that fragility in the PC market and slower spending from businesses may be poised to continue. Marvell fell almost 6%, Nvidia slid close to 5% and Intel and Texas Instruments each declined more than 3%, falling more than the broader tech market. At the same time, the company said a "weaker PC market" dragged second-quarter revenue down 54% in its client segment. Semiconductor companies led a decline in tech stocks, as the market was hit by Fitch Ratings' downgrade of the United States' long-term foreign currency issuer default rating from AAA to AA+.
Persons: Lisa Su, Marvell, Fitch, CNBC's, Jefferies Organizations: AMD, Consumer Electronics, Nvidia, Intel, Texas, Semiconductor, Fitch, AAA, AA, Nasdaq Locations: Las Vegas , Nevada, United States
Here's how the company did:Earnings : 58 cents per share, adjusted, versus 57 cents per share expected by Refinitiv consensus estimates. For the third quarter, AMD said it expects $5.7 billion in sales, while analysts were looking for revenue of $5.81 billion. "Our goal is to make this a significant growth driver for AMD," Su said. AI could also help PC chip sales, AMD said. During the quarter, AMD announced a new chip that's intended to build and run the kind of AI models that are at the heart of applications like ChatGPT.
Persons: Lisa Su, Su Organizations: AMD, Data Center, Intel, Microsoft Locations: Vegas, Las Vegas , Nevada
You can find what graphics card your computer has using the Device Manager on a PC, or the "About This Mac" menu on a Mac. If you're going to upgrade your graphics card or test a program, you should know what graphics card you currently have. Your computer's graphics card — also known as a video card — is responsible for rendering everything you see on the screen. Although your graphics card usually just runs in the background without making a fuss, there are times when you'll need to know what kind of graphics card you have installed. How to find what graphics card you have in WindowsIt only takes a few clicks to find what graphics card model you have, which is usually all you need to know.
Persons: Dave Johnson, it'll, Kevin Webb Organizations: Tech
"Demand is recovering very gradually," Woohyun Kim, chief financial officer at SK Hynix, said on an earnings call this week. "The recent improvement in PC shipments has been mainly led by promotions and low-end models, meaning it provided limited impact on chip demand recovery," he said, adding that shipment forecasts for PCs and smartphones this year have been downgraded from earlier predictions. Chipmakers are also increasing production of the high-end chips used to support AI related chips. SK Hynix said demand for AI server memory had more than doubled in the second quarter compared to the first quarter. The company leads the market in high bandwidth memory (HBM) DRAM used in generative AI.
Persons: Florence Lo, Canalys, Woohyun Kim, ChatGPT, Pat Gelsinger, SK Hynix, Logan Purk, Edward Jones, Lam, Tim Archer, 1,278.7400, Joyce Lee, Akash Sriram, Akshita, Chavi Mehta, Tanya Jain, Max A, Cheney, Stephen Nellis, Miyoung Kim, Miral Organizations: REUTERS, Intel, Samsung, SK Hynix, SK, chipmaker Texas, Wall, Manufacturers, KLA Corp, Lam Research, Thomson Locations: SEOUL, China, HBM, Seoul, Bengaluru, Max, San Francisco
The Samsung Galaxy Fold 5 and Galaxy Z Flip 5. Galaxy Z Flip 5The star of the show in Samsung's new folding phone portfolio is its new Galaxy Z Flip 5. The Samsung Galaxy Z Flip 5's standout feature is a much larger cover display. Galaxy Fold 5The Samsung Galaxy Fold 5. Galaxy Tab S9(From left) The Samsung Galaxy Z Flip 5, Galaxy Fold 5, Galaxy Watch 6, and Galaxy Tab S9.
Persons: Ryan Browne, phonemakers, Oppo, who've, Ben Wood, It's, Paolo Pescatore, Le Xuan Chiew, There's Organizations: Samsung, CNBC Samsung, Wednesday, CNBC, CNBC Foldables, Huawei, Motorola, Lenovo, IDC, CCS Insight, Google, Android, PP Foresight, Apple, Global, Galaxy, Windows Locations: Korean, foldables
1 when it comes to selling cloud-based AI services. The concept of AI has been around longer than Microsoft, and Microsoft has been running AI models for other companies for several years. That's the reason Microsoft has disclosed how much of the expected Azure cloud growth will come from AI for the past two quarters, Nadella said. That could be worth hundreds of millions of dollars in new Azure AI revenue. "There are two parts to even the AI," Nadella said.
Persons: Satya Nadella couldn't, Microsoft's, Nadella, Bing, OpenAI, Amy Hood, Adam Crisafulli Organizations: Microsoft, Bing, Google, Windows, OpenAI
Meta and Qualcomm team up to run big A.I. models on phones
  + stars: | 2023-07-18 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
But the AI boom has largely missed the companies that make leading edge processors for phones and PCs, like Qualcomm. The announcement on Tuesday suggests that Qualcomm wants to position its processors as well-suited for A.I. If large language models can run on phones instead of in large data centers, it could push down the significant cost of running A.I. Qualcomm will make Meta's open-source Llama 2 models available on Qualcomm devices, which it believes will enable applications like intelligent virtual assistants. Doing this will allow researchers and eventually commercial enterprises to use the AI models on their own computers without asking permission or paying.
Persons: Cristiano Amon, OpenAI's, Bard Organizations: Qualcomm, Milken Institute Global Conference, Calif, Meta, Nvidia Locations: Beverly Hills
Google on Wednesday is starting a new pilot program where some employees will be restricted to internet-free desktop PCs, CNBC has learned. The company will disable internet access on the selected desktops, with the exception of internal web-based tools and Google -owned websites like Google Drive and Gmail. Google is running the program to reduce the risk of cyber attacks, according to internal materials. "Googlers are frequent targets of attacks," one internal description viewed by CNBC states. Turning off most internet access ensures attackers cannot easily run arbitrary code remotely or grab data, the description explains.
Organizations: Google, CNBC, Gmail, Microsoft, State Department, U.S Locations: U.S, Western Europe
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