Intel Corp on Thursday reported that margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending, news that sent its shares down 10%.
STOCKHOLM/SAN FRANCISCO Cisco's video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic.
Apple Inc is expanding a new physical store format as it tries to get iPhone 12 models into customers' hands, its retail chief told Reuters in an interview.
Xilinx Inc forecast current-quarter revenue largely above Wall Street estimates on Wednesday, bolstered by rising sales of its chips to data centers, sending its shares up nearly 2% in extended trading.
Qualcomm Inc on Tuesday said it will produce chips for 5G telecommunications networking gear, marking the first entry by a major American technology company into a market dominated by European and Chinese firms.
SEOUL/SAN FRANCISCO Intel Corp has agreed to sell its NAND memory chip business to SK Hynix Inc for $9 billion (7 billion pounds) in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings. | Video
Democrat Joe Biden renewed his attacks on U.S. President Donald Trump's handling of the coronavirus pandemic at Thursday's final debate before the Nov. 3 election, while Trump leveled unfounded corruption accusations at Biden and his family.