More than 600 people have been layed off by Futurewei. In a development that underscores the stength of the headwinds that Huawei faces, the Chinese company stated, it has laid off more than two-thirds of its 850-strong workforce from its U.S.-based research arm Futurewei Technologies. Futurewei...

Europol has warned that it may not be possible for European police forces to effectively keep track of criminals over the new 5G mobile networks that is being constructed in a number of European countries.    The tools that are currently used by the pan-European security agency for...

Apple Inc. is actively negotiating with Intel Corp. about buying a modem business for smartphones. Amount of the possible deal is estimated at about $ 1 billion, writes The Wall Street Journal, citing informed sources. According to them, an agreement can be concluded as early as next week unless...

Double-digit growth in China and Western Europe spurred the Dutch health technology company Philips top post better than expected growth in sale in the second quarter. The company said that the Chinese market in particular was drive by higher spending which saw a 6.4 per cent quarter on quarter...

Net profit of the American oilfield service company Halliburton Inc. decreased in January-June by 2.4 times in annual terms to $ 229 million, follows from the company's statements. Diluted earnings per common share were $ 0.26 versus $ 0.63 in the first half of 2018. Revenue decreased by 2% to $...

Development of online commerce, which allows sellers to significantly save money, is encouraging companies to close their physical stores. As a result, more than 7 thousand points of sales were closed over the first half of the year in the USA, and by the end of the year this figure could be twice...

The issue of the ban on American companies on selling anything to the Chinese tech company Huawei Technologies Co Ltd will be discussed between the executives from semiconductor and software companies and the White House economic adviser Larry Kudlow, according to reports quoting sources with...

Analysts issued grim indications of "never seen before" hike in prices of memory chips with the prices rising for the first time this year. This is driven by the fears of a supply disruption in the industry because of a trade related dispute between Japan and South Korea.   There has been a...

The San Diego, California, United States based chip making giant Qualcomm was handed over a second antitrust penalty by the European Commission. The largest chip maker of the world was slapped a fine of 242 million euros or $272 million by the European antitrust regulator over a case that dates...