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☆ Apple supplier Foxconn's first-quarter profit jumps 72% but misses forecasts
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +1 min

Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower than expected. While the profit missed the T$29.31 billion forecast by analysts, it was Foxconn's third consecutive quarterly profit rise. In the first quarter, consumer electronics including smartphones accounted for 48% of its revenue while cloud and networking products, including servers, contributed 28%. Apple's quarterly results and forecast beat modest expectations this month, nd CEO Tim Cook said revenue growth would return in the current quarter. Foxconn's shares have risen 65% so far this year, driven by its rosy AI outlook, far outperforming a 17% gain for the broader market.

Persons: Foxconn, Tim Cook Organizations: Sharp Corp, Hai Precision Industry Co

☆ AI boom to keep supply of high-end memory chips tight this year, analysts warn
▼ + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Photographer: SeongJoon Cho/Bloomberg via Getty ImagesHigh-performance memory chips are likely to remain in tight supply this year, as explosive AI demand drives a shortage for these chips, according to analysts. "We expect the general memory supply to remain tight throughout 2024," Kazunori Ito, director of equity research at Morningstar said in a report last week. The demand for AI chipsets has boosted the high-end memory chip market, hugely benefiting firms such Samsung Electronics and SK Hynix, the top two memory chipmakers in the world. High-performance memory chips play a crucial role in the training of large language models (LLMs) such as OpenAI's ChatGPT, which led AI adoption to skyrocket. HBM's production cycle is longer by 1.5 to 2 months compared with DDR5 memory chip commonly found in personal computers and servers, market intelligence firm TrendForce said in March.

Persons: SeongJoon Cho, Kazunori Ito, Morningstar, William Bailey, TrendForce Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, SK Hynix, Micron, Samsung Electronics, Nvidia, Samsung, Nasdaq Locations: Seoul, South Korea

☆ 4 tips for advertisers to find quality leads and drive sales
▼ + stars: | 2024-05-14 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

Most recently, they're evolving to help advertisers drive a high volume of quality leads. They use instant forms that allow customers to share simple information like name, email, and budget to generate quality leads that drive sales. To make the most of Meta's lead generation solutions, consider these four tips. Watch the video to hear more tips from advertisers who are driving quality leads at scale with Meta's instant forms, or learn more here. Conversion from lead to quality lead occurs when a user takes a qualifying, lower funnel action identified by the business, which moves them into a "quality lead" status.

Persons: Aly Gomez, John, John Wai, that's Organizations: John Wai Martial Arts, Meta, Partners, Meta Business, BR, SK, JP Locations: Dallas , Texas

☆ China’s Alibaba stock drops almost 6% after earnings report shows profit tumbled 86%
▼ + stars: | 2024-05-14 | by ( ) edition.cnn.com time to read: +3 min

China’s largest e-commerce group by market share has had a tumultuous year since announcing the biggest shake-up in its 25-year history in March 2023, splitting into six units and refocusing on its core businesses, including domestic e-commerce. Group net income, however was 3.27 billion yuan ($452 million), compared with 23.52 billion yuan a year ago. The group reported revenue of 221.87 billion yuan in the three months ended March 31, compared with a consensus estimate of 219.66 billion yuan, according to LSEG data. The segment delivered with 45% growth, compared with an expected 39% revenue rise, according to LSEG data. It also saw losses nearly double to 4.1 billion yuan ($567 million) from 2.2 billion a year ago as it invested heavily to remain price competitive and shorten delivery times.

Persons: Joe Tsai, ”, “, Jacob Cooke Organizations: Reuters, Consumers, Tmall, Technologies Locations: Hong Kong, New York, China

☆ Apple, Tesla and Starbucks struggle in China’s economic slump after making a fortune for decades
▼ + stars: | 2024-05-13 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt. Tesla’s China market share shrank to 4% in April, almost halving from 7.7% in March, according to data released by the China Passenger Car Association on Friday. In the 1990s, “every company in the West” was hiring consultants and having boardroom meetings about how to do more in China, according to Stevenson-Yang. He added that he continues to feel optimistic about the Chinese market in the long term.

Persons: ”, Anne Stevenson, Yang, Stevenson, aren’t, Yang Wang, Kevin Frayer, Tim Cook, iPhones, Cotti, Luckin, Belinda Wong, “, McDonald’s, Wallace Organizations: Hong Kong CNN, China Passenger Car Association, J Capital Research, EV, Apple, Starbucks, Counterpoint Research, Macao —, Huawei, China Academy of Information, Communications Technology, Luckin Coffee, McDonalds, KFC, Burger Locations: China, Hong Kong, Shanghai, United States, Germany, Brazil, Beijing, Greater China, Taiwan, Macao, Starbucks China, Dominos, India

☆ U.S. Awards $120 Million to Chipmaker to Expand Facility in Minnesota
▼ + stars: | 2024-05-13 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday, the latest in a string of awards meant to strengthen the U.S. supply of semiconductors. Commerce Department officials said the grant would help Polar upgrade technology and double production capacity at its facility in Bloomington, Minn., within two years. The company produces chips that are critical for cars, defense systems and electrical grids, federal officials said. “We are making taxpayer dollars go as far as possible while crowding in private and state investment to create jobs, secure our supply chains and bolster manufacturing in Minnesota,” said Laurie Locascio, the under secretary of commerce for standards and technology. The law gave the Commerce Department $39 billion to distribute to companies to incentivize the construction and expansion of new plants in the United States.

Persons: Biden, ”, Laurie Locascio Organizations: Polar Semiconductor, Commerce, Commerce Department Locations: Minnesota, Bloomington, Minn, United States

☆ Amazon's Zoox under investigation by NHTSA after two robotaxi crashes
▼ + stars: | 2024-05-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

U.S. safety regulators have opened a probe into Amazon -owned robotaxi venture Zoox after two of its autonomous SUVs braked suddenly and were rear-ended by motorcyclists. In both cases, motorcyclists collided into the Zoox vehicles, which led to minor injuries. NHTSA said it confirmed each of the Zoox cars were operating in autonomous mode when the incidents occurred. Both of the collisions took place during the daytime and within the operational design limits of Zoox's autonomous system. Last March, the agency said it would investigate Zoox's self-certification in 2022 that its robotaxi met federal safety standards.

Persons: braked, Zoox Organizations: Toyota, Amazon.com, Consumer Electronics, Traffic Safety Administration, Toyota Highlanders, NHTSA, Amazon Locations: Las Vegas , Nevada, crosswalks, Zoox, Foster City , California

☆ OpenAI gives a shoutout to Nvidia — plus, a new industrial stock joins our watchlist
▼ + stars: | 2024-05-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, it's, OpenAI, Mira Murati, Jensen Huang, We're, Jim's, Estee, Jim, Jim Cramer's Organizations: CNBC, Microsoft, Nvidia, Dover Corp, Clean Energy, Sustainability Technologies, Club, Vision, Bloomberg, Apple Vision, U.S, Jim Cramer's Charitable Locations: Illinois, Dover, U.S, China, Estee Lauder

☆ John Deere dealership says a solar storm left GPS tracking on farmers' tractors 'extremely compromised'
▼ + stars: | 2024-05-13 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

A severe geomagnetic storm hit the northern US. The storm caused auroras — and apparently disrupted precision farming systems, a John Deere dealership said. Satellite signals were "extremely impacted" by the storm, the dealership said. But for some farmers, the geomagnetic storm was more of a headache. This story is available exclusively to Business Insider subscribers.

Persons: auroras —, John, — Organizations: John Deere, Service, Business

☆ South Korea prepares support package worth over $7 bln for chip industry
▼ + stars: | 2024-05-12 | by ( ) www.cnbc.com time to read: +1 min

A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesSouth Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world's largest such high-tech complex. President Yoon Suk Yeol has vowed to pour all possible resources into winning the "war" in chips, promising tax benefits for investments.

Persons: SeongJoon Cho, Choi Sang, mok, Choi, Yoon Suk Yeol Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, Finance Locations: Seoul, South Korea, Korea

Bill Nye the CNNThe massive solar storm could present “a real danger,” especially with the modern world relying so much on electricity, according to Bill Nye the Science Guy, a science educator and engineer. In comparison to tonight's event, Nye drew comparisons with another incident in 1859, known as the Carrington Event, when telegraph communications were severely affected. “The other thing, everybody, that is a real danger to our technological society, different from 1859, is how much we depend on electricity and our electronics and so on,” Nye said. "None of us really in the developed world could go very long without electricity." He noted that there are systems in place to minimize the impact, but “stuff might go wrong,” stressing that not all transformers are equipped to withstand such a solar event.

Persons: Bill Nye, Science Guy, Nye, ” Nye Organizations: CNN, Science

☆ China's biggest chipmaker SMIC warns of 'fierce' competition as it misses quarterly profit expectations
▼ + stars: | 2024-05-10 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Semiconductor Manufacturing International Corporation on Friday warned of intense competition in the chip industry after its first-quarter profit missed expectations. "Competition in the industry has been increasingly fierce and the pricing for commodity products basically follows the market trends," SMIC said on Friday during the firm's earnings call. SMIC, China's biggest contract chip manufacturer, is seen as critical to Beijing's ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China's tech power. Revenue for the first quarter was $1.75 billion, up 19.7% from a year earlier, as customers stocked up on chips, SMIC said.

Persons: SMIC Organizations: Semiconductor Manufacturing International Corporation, Getty, Samsung Electronics, Revenue Locations: BEIJING, CHINA, Beijing, China, U.S, South

☆ Why tonight’s massive solar storm could disrupt communications and GPS systems
▼ + stars: | 2024-05-10 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

NOAA’s severe space weather watch suggests the storm could trigger numerous effects for life on Earth, possibly affecting the power grid as well as satellite and high frequency radio communications. Moreover, the changes to the ionosphere can block or degrade radio transmissions trying to pass through the atmosphere to reach satellites. And they can also prevent radio transmissions from successfully bouncing off the ionosphere — which some radio operators normally do to increase the range of their signals. The Cybersecurity and Infrastructure Security Agency outlined a similar report in a 2021 presentation on space weather, finding that line-of-sight radio transmissions are generally not affected by space weather except in specific situations. The largest known geomagnetic storm in history, known as the Carrington Event of 1859, caused telegraph stations to spark and catch fire.

Persons: Washington CNN — Buckle, “ SWPC, Ashley Strickland Organizations: Washington CNN, Oceanic, Atmospheric Administration, Communications, NOAA, Prediction, Federal Emergency Management Agency, Infrastructure Security Agency Locations: Xinjiang Uygur Autonomous Region, China, Quebec, Canada, Sweden, South Africa

☆ A 'severe' geomagnetic storm is forecast for Earth for the first time in years — here's what to know about these storms
▼ + stars: | 2024-05-10 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +4 min

Read previewFor the first time in nearly 20 years, the National Oceanic and Atmospheric Administration has forecasted a "severe" G4 geomagnetic storm to hit this Friday, dazzling states across the northern US with aurora. G4 storms are the second-strongest type of geomagnetic storm. "If geomagnetic storms were hurricanes, 'severe' would be category 4," according to SpaceWeather.com. Solar storms happen when the sun shoots powerful explosions of highly-energized and magnetic plasma called coronal mass ejections toward Earth. Also, a severe storm might disrupt GPS, so it's best to have a written record and directions to important locations, like hospitals.

Persons: —, Matt Owens, Owens, George Lepp, Alex Young, NASA Goddard's, it's, Young Organizations: Service, National Oceanic, Atmospheric Administration, Business, University of Reading, NASA, NOAA, Northern, NASA Goddard's Heliophysics Locations: Sweden, South Africa, Michigan, New York, Pennsylvania

☆ Entity list: 37 Chinese companies hit with US trade restrictions over suspected spy balloon incident
▼ + stars: | 2024-05-10 | by ( ) edition.cnn.com time to read: +2 min

Washington — The Biden administration added 37 Chinese entities to a trade restriction list on Thursday, including some for allegedly supporting the suspected spy balloon that flew over the United States last year, heightening tensions between Beijing and Washington. Media have said state-owned China Electronics Technology Group is a top military equipment supplier. China Electronics Technology Group could not immediately be reached for comment. The trade restriction list, known as the entity list, has been used aggressively by the United States to stem the flow of technology to China amid concerns Beijing could use it to bolster its military capabilities. Being added to the list makes it harder for US suppliers to ship to the targeted entities.

Persons: Washington —, Biden, Antony Blinken, “, Army’s Organizations: The Commerce Department, China Electronics Technology Group, Media, China Electronics Technology, State, Commerce Department, PLA Locations: United States, Beijing, Washington, China, overreacting, Russia

☆ Solar storms could create rare aurora displays, impact communications on Earth this weekend
▼ + stars: | 2024-05-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

When the energized particles from coronal mass ejections reach Earth’s magnetic field, they interact with gases in the atmosphere to create different colored light in the sky. The Space Weather Prediction Center tracked multiple strong flares emitting from a large cluster of sunspots on the solar surface since Wednesday. Alex Kormann/Star Tribune/Getty ImagesThe effects of geomagnetic stormsWhen directed at Earth, these ejections can cause geomagnetic storms, or major disturbances of Earth’s magnetic field. So far, researchers have obseverd only three severe geomagnetic storms during the current solar cycle, which began in December 2019, according to the center. The storms also affect flight patterns of commercial airlines, which are instructed to stay away from Earth’s poles during geomagnetic storms due to loss of communication or navigation capabilities.

Persons: Wolf, Alex Kormann Organizations: CNN, National Oceanic, Prediction, National Weather Service, Star Tribune, Getty Locations: Alabama, Northern California, New Mexico , Missouri, North Carolina, California, United States, England, United Kingdom, Cloquet, Minnesota, Sweden, South Africa, Quebec

☆ Behind America's divided economy: Booming luxury travel and a jump in 'relief' loans
▼ + stars: | 2024-05-10 | by ( Alex Harring | ) www.cnbc.com time to read: +11 min

First-class travel has exhibited special strength, though management noted that can be tied in part to a resurgence of business trips. People taking these loans are more likely to be lower-income with no more than a high school diploma, Lanier said. Daniel Acker | Bloomberg | Getty ImagesFrozen food maker Tyson Foods has seen consumers shifting more to eating at home than the quick-service restaurants it supplies. It's also important to remember that lower-income Americans were feeling financial pressures before the pandemic, said Tyler Schipper, an associate professor of economics at the University of St. Thomas in Minnesota. Airbnb touted interest in travel to events like the Paris Olympics and the European Cup in Germany this summer.

Persons: there's, It's, Christophe Le Caillec, underscoring, Blair Lanier, Lanier, McDonald's, Tyson, Daniel Acker, Tyson Foods, Stanley Black, Decker, Jane Fraser, CNBC's Sara Eisen, Fraser, Nancy Lazar, Piper Sandler, Tyler Schipper, Thomas, Schipper, Eric Thayer, We've, Cliff Pemble Organizations: TSN, American Express, Federal Reserve, CNBC, People, University of Michigan, San Francisco Federal Reserve, U.S, PepsiCo, Bloomberg, Getty, Tyson, Management, Adobe Analytics, Furniture, Citigroup, University of St, Airlines, Delta Air Lines, JetBlue Airways, Caribbean . Booking Holdings, Paris Olympics, European, Ticketmaster, Cedar Fair, Flags, Wayfair, Garmin Locations: America, U.S, Minnesota, New York, Germany, Valencia , California

☆ Alibaba rolls out latest version of its large language model to meet robust AI demand
▼ + stars: | 2024-05-09 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Alibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by companies. Alibaba Cloud said the latest version of its Tongyi Qianwen model, Qwen2.5, possesses "remarkable advancements in reasoning, code comprehension, and textual understanding compared to its predecessor Qwen2.0." Large language models power artificial intelligence applications like OpenAI's ChatGPT. The latest Qwen model fares better than OpenAI's GPT-4 model in language and creation capabilities, but fell short in other categories like knowledge, reasoning and math, according to a March analysis by large language model evaluation platform OpenCompass.

Persons: Alibaba Cloud, Zhou, Alibaba, OpenAI's Locations: Huangpu District, Shanghai

☆ Gen Z is bringing back digital cameras and the post-night-out photo dump
▼ + stars: | 2024-05-09 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Digital cameras are regaining popularity among Gen Z, who seek authentic, unfiltered experiences. Profits from digital cameras are projected to grow by $1.4 billion between now and 2028. But things may have come full circle because digital cameras are back for Gen Z. AdvertisementLike Facebook albums but coolerDespite plummeting between 2018 and 2021, profits from digital cameras in the electronics industry since then have been steadily increasing. Business Insider's Amanda Krause named digital cameras one of the "quiet status symbols" you will likely see everywhere in 2024.

Persons: Gen Z, Zoomers, —, Amanda Krause, Gen Zers, Khurram, Hermione Whitehead, Whitehead, Kellie Whitehead, Hermione's, Kellie, Sharmin, Z's, It's, Greg Morrison Organizations: Service, Facebook, Gen, Revenue, Olympus, Bryant University, MXML, Zoomers Locations: Germany

☆ Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: +2 min

President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, the White House said. Microsoft's plans will result in 2,300 union construction jobs and some 2,000 permanent jobs over time, the White House said. It said nearly 4,000 jobs had been added in Racine since Biden took office, while about 1,000 manufacturing jobs were lost during the Trump administration. Biden is seeking to shore up support among Black voters ahead of the November presidential election, with national polls showing him essentially tied with Republican Trump. The Biden campaign on Wednesday announced the launch of a $14 million ad campaign, which will include a seven-figure investment targeting Black, Latino and Asian voters.

Persons: Joe Biden, Foxconn, Donald Trump, Microsoft's, Biden, Trump, — Organizations: Microsoft Corp, Microsoft, Gateway Technical College, Democrat, Black, Republican Trump, Wednesday Locations: Wisconsin, Racine County, Taiwan, Racine, Racine's Black

☆ A new Apple ad is sparking backlash from viewers who say it hits the wrong note
▼ + stars: | 2024-05-08 | by ( Saira Mueller | ) edition.cnn.com time to read: +3 min

An Apple ad for its new iPad Pro seems to fall into the latter category. Posted on social media Tuesday by Apple CEO Tim Cook, the ad starts off as a sort of time capsule for human creativity. As we hear the opening words of “All I Ever Need Is You,” a 1972 single by Sonny & Cher, the metal slab starts descending. Even emoji aren't safe from the hydraulic press in Apple's iPad Pro ad. Others say that even though they understand what the ad is trying to say, it doesn’t resonate with them.

Persons: Tim Cook, There’s, Sonny & Cher, “, Cher, “ I’m, ”, Kendall Jenner Organizations: CNN, Apple, Pepsi, Wall Street

☆ I moved using the Amtrak Auto Train, where you bring your car with you. The 17-hour ride went by fast and we avoided tons of traffic.
▼ + stars: | 2024-05-08 | by ( Aleah Wright | ) www.businessinsider.com time to read: +4 min

When it comes to traveling from Florida to Virginia, the Amtrak Auto Train is one of the best ways to get around. By riding the Auto Train, I saved over 900 miles on my car and skipped all of the traffic on Interstate 95. Here's what taking the Amtrak Auto Train was like and why I think it's worth every penny. When it came to purchasing tickets for the Amtrak Auto Train, I tried to pick the cheapest option, which was in the coach section. Unloading my car was a pretty simple processThe Amtrak Auto Train boarding and unloading process was pretty smooth.

Persons: —, I've Organizations: Service, Amtrak, Business, Amtrak Auto, Amtrak Auto Train, Getty Locations: Florida, Virginia, Sanford , Florida, Lorton , Virginia, Miami, stow

☆ Biden says economy is doing well, claims polls don’t tell the whole story
▼ + stars: | 2024-05-08 | by ( Kevin Liptak | ) edition.cnn.com time to read: +3 min

“We’ve already turned it around,” Biden told CNN’s Erin Burnett in Racine, Wisconsin, where he was promoting new economic investments that could result in thousands of new jobs. Biden pointed to surveys showing many Americans view their own economic situation favorably, even as they look negatively on the nationwide economy. “The idea that we’re in a situation where things are so bad that folks – I mean, we’ve created more jobs. “Let me say it this way – when I started this administration, people were saying there’s going to be a collapse to the economy. But surveys have shown voters giving Biden little credit for the record.

Persons: Joe Biden, “ We’ve, ” Biden, CNN’s Erin Burnett, Biden, ”, we’ve, “, Donald Trump Organizations: Wisconsin CNN, Biden, White Locations: Racine, Wisconsin, Racine , Wisconsin, Taiwan

☆ U.S. revokes some export licenses to sell chips to Huawei in a bid to curb China's tech power
▼ + stars: | 2024-05-08 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The IFA 2020 Special Edition will take place from September 3-5. (Photo by Sean Gallup/Getty Images)The U.S. has revoked certain licenses for chip exports to Chinese tech giant Huawei, the Commerce Department told CNBC on Tuesday, in its latest efforts to curb China's tech power. "As part of this process, as we have done in the past, we sometimes revoke export licenses," the spokesperson said, declining to comment on specific licenses. "But we can confirm that we have revoked certain licenses for exports to Huawei." In 2020, the U.S. tightened chip restrictions on Huawei, requiring foreign manufacturers using American chipmaking equipment to obtain a license before they can sell semiconductors to Huawei.

Persons: Sean Gallup Organizations: Huawei, IFA, Getty, U.S, Commerce Department, CNBC Locations: BERLIN, GERMANY, Berlin, Germany, U.S

☆ A machine learning engineer shares the résumé template that got him his first job and his senior role at Google
▼ + stars: | 2024-05-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Related storiesThis is the résumé he used to land a software development graduate program role at Booking.com in Amsterdam right after college. Later, he used an updated version of that résumé — with the same template — for a software engineering role at Google, where he's worked for more than four years. AdvertisementThe résumé template Dua used to apply to Booking.com in 2016. Make yourself searchable online: Dua adds links to his online profiles on his résumé and takes steps to build more online visibility. On LinkedIn, he uses his current job section to add more about his role and achievements than his one-page résumé allows.

Persons: —, Dua, he's, PyCon, Nick Shah, Shah Organizations: Service, Business, Booking.com, Google, LinkedIn, Peterson Technology Partners Locations: Delhi, India, Amsterdam, Google's Zurich, Sahil, Park Ridge , Illinois

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