SAN FRANCISCO (Reuters) – Intel Corp is shipping new mobile chips that represent the semiconductor company’s biggest hope for making progress in smartphones this year.
Responding to a growing market in China for low-cost handsets often priced below $100, Intel announced plans for the chip, code named Sofia, in late 2013 at a meeting with investors.
SAN FRANCISCO (Reuters) – Mobile chipmaker Qualcomm wants wireless carriers to set up new technology that would offer cellphone users better reception in places like subway tunnels and shopping malls.
The San Diego, California company said on Thursday it will start selling components this year featuring LTE technology adapted for a smaller scale than traditional cellphone base stations mounted on metal towers bristling with antennas and other electronics.
SAN FRANCISCO/TOKYO, Feb 16 (Reuters) – A labor dispute at
ports on the U.S. West Coast is disrupting supply chains across
the Pacific, forcing some Asian exporters to resort to costly
air freight and pushing up shipping rates as more freighters are
caught up in long lines to dock.
With ports near gridlock and cargo delays being felt
throughout the U.S. commercial supply chain, U.S. Labor
Secretary Tom Perez plans to travel to San Francisco on Tuesday
to help broker an agreement on a new contract between
dockworkers and the group representing shippers and terminal
SAN FRANCISCO, Feb 15 (Reuters) – Japanese carmaker Honda
Motor Co Ltd plans to slow production at some of its
plants in North America due to a parts shortage caused by a
partial shutdown of ports along the West Coast.
The company expects shortages at its operations in Ohio,
Indiana and Ontario, Canada, starting Monday and for each plant
to adjust its production between Feb. 16 and Feb. 23, spokesman
Mark Morrison told Reuters by email.
SAN FRANCISCO, Feb 15 (Reuters) – Growing numbers of
freighters were backed up around the United States’ two busiest
cargo hubs on Sunday due to a dispute between shipping companies
and dock workers that has led to a partial shutdown of ports
along the West Coast.
With cargo delays rippling through the U.S. economy,
President Barack Obama on Saturday dispatched
U.S. Labor Secretary Tom Perez to California to help broker an
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd said on Friday it was asked by the U.S. Securities and Exchange Commission for information about its dealings with a Chinese regulator, coming just five months after the company’s stock market debut.
The SEC’s request follows an unusually public fracas between Alibaba and China’s State Administration for Industry and Commerce, or SAIC, over the issue of fake products being sold on the company’s websites and a series of related lawsuits filed in the United States.
SAN FRANCISCO (Reuters) – Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker’s stock value to get there.
With Apple’s stock market value ballooning this week beyond $700 billion, larger than Switzerland’s gross domestic product, activist investor Icahn said the technology company’s shares should be trading at $216 apiece, equivalent to a market capitalization of about $1.26 trillion.
SAN FRANCISCO (Reuters) – Nvidia Corp (NVDA.O: Quote, Profile, Research) on Wednesday posted higher quarterly results that beat Wall Street expectations, sending its shares higher as the graphics chipmaker sought to sharpen its focus on high-end automobiles.
Nvidia is trying to expand its graphics technology beyond the sluggish personal computer industry with its Tegra line of chips for mobile devices and increasingly for cars.
SAN FRANCISCO/BEIJING, Feb 10 (Reuters) – Even after
agreeing to pay a record near-$1 billion fine in China for
antitrust violations, U.S. chipmaker Qualcomm
Inc faces big challenges in its most important market.
As low-cost, low-margin Chinese smartphone manufacturers
such as Xiaomi Inc and Huawei Technologies
push into other developing markets, they are driving down
average handset prices – bad news for San Diego-based Qualcomm,
which collects royalties based on the handset’s value.
SAN FRANCISCO/BEIJING (Reuters) – Qualcomm Inc has agreed to pay a fine of $975 million, the largest in China’s corporate history, ending a 14-month government investigation into anti-competitive practices.
The deal – the details of which were first reported by Reuters on Monday – also requires Qualcomm to lower its royalty rates on patents used in China, likely helping local smartphone makers such as Xiaomi Technology Co Ltd [XTC.UL] and Huawei Technologies Co Ltd [HWT.UL].