Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Onsemi Sells Two Chip Fabs, Targets $35 Million in Annual Savings
Onsemi is selling two chipmaking facilities as part of its cost-cutting strategy. The deals are expected to close over the next few months a
Amazon Now's Fastest Growth Comes from Brazil's Fresh Food Delivery
Amazon's quick-commerce service, Amazon Now, is seeing its fastest growth in Brazil, driven by strong demand for fresh and frozen groceries.
DeepSeek Develops Custom AI Chip to Reduce Reliance on Nvidia and Huawei
DeepSeek is building a custom AI inference chip to reduce reliance on Nvidia and Huawei as US export controls tighten. The move could reshap
Australia's Under-16 Social Media Ban Hits Age Verification Hurdle
Australia's law banning under-16s from social media faces a practical challenge: platforms aren't consistently verifying ages. Testing firm
SpaceX Joins Nasdaq-100 Just 15 Days After IPO, Triggering $4.3 Billion in Index Fund Buying
SpaceX will join the Nasdaq-100 on Tuesday, only 15 days after its June 12 IPO. Index funds tracking the benchmark must buy shares, potentia
Synopsys Phases Out Fab Software to Focus Engineers on Higher-Margin AI Design
Synopsys told more than 10 chipmakers it will stop updating certain factory software. The company is redeploying engineers to higher-margin
China's 618 Phone Sales Drop 13% as Higher Memory Costs Limit Discounts
China's 618 shopping festival saw smartphone sales fall 13% year-on-year, according to Counterpoint Research. Higher memory component costs
Intel-Backed Syntiant Files for IPO as AI Chip Listings Surge
Syntiant, an Intel-backed low-power AI chipmaker, has filed for a Nasdaq listing. The company reported $64.5 million in revenue and a $20.9
Samsung Expects 19-Fold Profit Surge as AI Demand Drives Memory Chip Prices Higher
Samsung Electronics expects its April–June operating profit to surge about 19-fold from a year ago. The jump is fueled by rising prices for
Jefferies Backs SiteMinder's Path to First Profit by Late 2026
Jefferies has reaffirmed confidence in SiteMinder, predicting its first profit in late fiscal 2026. The bank downplays AI disruption risks,
Coursera Begins Job Cuts After Udemy Merger, Expects Up to $11 Million in Severance Costs
Coursera is cutting jobs after completing its Udemy merger on May 11. The company expects $8-11 million in severance charges, with some role
Uber Pauses Europe Eats Expansion in Five Countries, Focuses on Delivery Hero Deal
Uber is pausing most of its planned Uber Eats expansion in Europe, shelving launches in five of seven targeted countries. The move signals a