Articles from www.reuters.com

Articles from www.reuters.com

AMD approves a new $6B share buyback program, boosting its total repurchase authority to ~$10B, with no termination date; AMD jumps 5%+ (www.reuters.com)
2025-5-14 AMD

At a JP Morgan event, Intel CFO David Zinsner says committed volumes for Intel's new 18A and 14A chips from external customers are currently “not significant” (www.reuters.com)
2025-5-14 Intel

Sources: Shenzhen government-owned chip equipment maker SiCarrier, a key Huawei supplier, is seeking ~$2.8B at an $11B valuation in its first fundraising round (www.reuters.com)
2025-5-14 Shenzhen

American Bitcoin, a bitcoin miner backed by Donald Trump Jr. and Eric Trump, said it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining (www.reuters.com)
2025-5-13 Trump U.S. Bitcoin

Chegg says subs dropped 31% in Q1 to 3.2M; it will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools like ChatGPT (www.reuters.com)
2025-5-13 AI

Chinese government data: Chinese shipments of foreign-branded cellphones, including iPhones, dropped by 49.6% YoY to 1.887M in March 2025 (www.reuters.com)
2025-5-12 China

Israeli quantum computing startup Classiq raised a $110M Series C led by Entree Capital, taking its total funding to $173M since its 2020 founding (www.reuters.com)
2025-5-12 Israel Startup Quantum

Japan's NTT, which owns 57.7% of IT services provider and data center operator NTT Data, launches a $16.4B take-private tender offer to buy the remaining stake (www.reuters.com)
2025-5-10 Japan

Google agrees to pay $50M to settle a lawsuit accusing it of systemic racial bias against Black employees, covering 4,000+ employees in California and New York (www.reuters.com)
2025-5-10 Google New York California

Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 6%+ after hours (www.reuters.com)
2025-5-9

The UK says the Digital Services Tax remains unchanged under the trade deal agreed between the US and the UK, both of which will work on a “digital trade deal” (www.reuters.com)
2025-5-9 Tax

SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges” (www.reuters.com)
2025-5-8

In prepared Senate testimony, Microsoft and others urge US lawmakers to streamline federal AI energy permits and open government data sets for AI training (www.reuters.com)
2025-5-8 Microsoft Energy AI Senate

Nebius Group's Toloka, which uses human experts to train and evaluate AI models and has worked with Amazon and Anthropic, raised $72M led by Bezos Expeditions (www.reuters.com)
2025-5-8 Amazon AI

Bumble reports Q1 revenue down 7.7% YoY to $247.1M, in line with $246.2M est., with Bumble app paying users falling ~1% YoY to 2.7M; BMBL jumps ~7% after hours (www.reuters.com)
2025-5-8

TPG and Corpay agree to acquire Charlotte, NC-based AvidXchange, a payment automation software provider, for $2.2B, with Corpay investing ~$500M for a 33% stake (www.reuters.com)
2025-5-8

Alibaba partners with RedNote, also known as Xiaohongshu, to allow users on RedNote to directly click on product links to shop on Alibaba's Taobao platform (www.reuters.com)
2025-5-8 Alibaba

A US court rejects a legal challenge by the FTC to Microsoft's $69B Activision Blizzard acquisition, upholding a lower court ruling that denied an injunction (www.reuters.com)
2025-5-8 Microsoft

AWS says it plans to invest $4B to build its first data centers and cloud infrastructure in Chile, set to open in H2 2026, and will try to use minimal water (www.reuters.com)
2025-5-8 Chile

Sensor Tower: Shein's ad spend rose 35% MoM in France and the UK in April, while Temu's jumped 40% MoM and 20% MoM respectively, amid Trump's de minimis ban (www.reuters.com)
2025-5-6 Trump France Ban Sensor

TeleMessage's parent company says it is “investigating a potential security incident” and has suspended all of its services “out of an abundance of caution” (www.reuters.com)
2025-5-6

Tel Aviv-based eToro Group says it's targeting a $4B valuation in a Nasdaq IPO, aiming to raise $500M, after pausing plans last month amid market volatility (www.reuters.com)
2025-5-6 IPO

The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals (www.reuters.com)
2025-5-3 AI

Kuwait cracks down on crypto miners for being a “major” cause of blackouts; energy consumption in the Al-Wafrah region fell by 55% after the crackdown (www.reuters.com)
2025-5-2 Energy

Memo: the US DOD seeks to secure right-to-repair provisions in Army contracts to access tools, software, and technical data without IP constraints (www.reuters.com)
2025-5-2

London's Court of Appeal rules Apple must pay Optis $502M as a lump sum for using Optis' 4G patents from 2013 to 2027, overturning a 2023 High Court decision (www.reuters.com)
2025-5-1 Apple London

Sources: Adani Group pauses talks with Israel's Tower Semiconductor on a $10B chip project in Maharashtra, India, due to uncertainty over potential demand (www.reuters.com)
2025-5-1 India Israel

eBay reports Q1 revenue up 1% YoY to $2.59B vs. $2.55B est., forecasts Q2 revenue above est.; CFO Steve Priest to step down in May, with Peggy Alford succeeding (www.reuters.com)
2025-5-1 eBay

Amazon says it will spend $4B+ to expand its US rural delivery network by the end of 2026, growing the network to 200+ delivery stations and creating 100K jobs (www.reuters.com)
2025-5-1 Amazon

Microsoft's Q3 capex rose 52.9% YoY to $21.4B, vs. $22.4B est.; Microsoft reiterated this month that it would spend $80B on its data center build-out this year (www.reuters.com)
2025-5-1 Microsoft

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