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Intel's PC chip sales soars
Fri, 23 Apr 2021 04:00:08 GMT
 
Intel Corp has raised the annual sales forecast on surging demand for PCs, while reporting its Q2 profit outlook missed analyst expectations on manufacturing costs. >>
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Snap tops estimates for user growth
Fri, 23 Apr 2021 03:00:06 GMT
 
Snap reported it had added more users than Wall Street forecast, while also beating its revenue estimates, driven by higher demand after improving the app's Android version. >>
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Silicon Labs plans automotive business sale
Fri, 23 Apr 2021 00:16:52 GMT
 
Silicon Laboratories is planning a sale of its automotive and infrastructure business unit to Skyworks Solutions in an all-cash deal worth $2.75B, sending its shares up 12.4% to $162.6. >>
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LinkedIn-backed Confluent files for IPO
Thu, 22 Apr 2021 20:00:06 GMT
 
Confluent, the event streaming platform backed by LinkedIn, confidentially filed for the US initial public offering. >>
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TSMC approves $2.8B for capacity increase
Thu, 22 Apr 2021 18:50:28 GMT
 
TSMC's board approved $2.89B in spending to expand capacity in response to a global chip shortage, which affected car manufacturers in particular. >>
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Amazon's SmartRent to go public in SPAC deal
Thu, 22 Apr 2021 18:29:22 GMT
 
Amazon-backed startup SmartRent.com agreed to go public through a SPAC deal backed by venture capital company Fifth Wall, valuing the equity of the combined firm at around $2.2B. >>
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Bosch sees stronger sales, profit in 2021
Thu, 22 Apr 2021 17:00:06 GMT
 
Bosch, the world's biggest car parts producer, announced its expectations for a 6% sales rise and 3% higher operating margin in 2021, though warned about the impact of semiconductor shortage. >>
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Nestle, Amazon join plan to save forests
Thu, 22 Apr 2021 15:10:15 GMT
 
The US, Norway and the UK joined forces with corporations including Nestle and Amazon to launch a project targeted at protecting the world's tropical forests. >>
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JLR temporarily halts UK production
Thu, 22 Apr 2021 14:00:07 GMT
 
On Thursday, Jaguar Land Rover reported it would halt two of its UK car plants starting from Monday amid the coronavirus-related supply chain disruption and the semiconductor chip shortage. >>
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AT&T tops revenue forecasts
Thu, 22 Apr 2021 13:13:55 GMT
 
AT&T topped Wall Street's revenue estimates as the US economy reopening after the pandemic-caused restrictions helped to drive the company's media business and smartphone sales. >>
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WPP aims at net zero carbon emissions
Thu, 22 Apr 2021 12:37:35 GMT
 
On Thursday, the world's biggest advertising company WPP is pledging to reach the goal of net-zero emissions as soon as 2025 by incorporating virtual production solutions. >>
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Credit Suisse to raise capital
Thu, 22 Apr 2021 11:34:55 GMT
 
Credit Suisse is planning to attract over $2.0B to boost its capital base ahead of a further US investment fund Archegos hit as well as the prime brokerage unit's shrinking. >>
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US halves emissions
Thu, 22 Apr 2021 10:36:49 GMT
 
On Wednesday, the US government stated that it would halve carbon emissions by 2030. The news are bound to impact energy stocks. >>
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Airbus launches manufacturing shake-up
Thu, 22 Apr 2021 09:00:08 GMT
 
Airbus has launched its largest shake-up of the company's manufacturing network in over a decade, reorganising its large-parts activities in Germany and France ahead of its possible sale. >>
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Intel CEO to meet officials in Europe
Thu, 22 Apr 2021 08:00:07 GMT
 
Intel's CEO Pat Gelsinger is set to travel to Europe for a meeting with the EU officials planned for the next week, the chipmaker confirmed earlier this week. >>
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