Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says
Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.
World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now
The chief executive of Norway’s gigantic sovereign wealth fund on Tuesday said there is “clearly a lot of froth” in the tech sector.
JD Sports to buy U.S. rival Hibbett in $1.08 billion sportswear retail deal
JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday.
Germany arrests EU Parliament staff member on China espionage charges
A German man was arrested for allegedly sharing information from the European Parliament with the China’s secret service, the federal prosecutor’s office said.
European markets close 1.1% higher as UK’s FTSE 100 hits another record
European markets were higher Tuesday, building on positive momentum in the previous session.
Drugmaker Novartis climbs after guidance rise on sales of blockbuster drugs
Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals Tuesday after it raised its full-year guidance following better-than-expected first-quarter results.
SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia’s chips
SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.
China’s ‘Netflix’ iQiyi pivots toward an aging population in an AI era
IQiyi founder Gong Yu also pointed to estimates that predict about one-fourth of China’s population will be considered elderly in 2033.
India is a key chip design market, Qualcomm says, as Modi makes semiconductor push
Qualcomm is already designing chips in India, Qualcomm India’s president Savi Soin said in an exclusive interview.
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Chinese universities and research institutes recently obtained high-end Nvidia AI chips through resellers, despite the U.S. widening a ban last year.
