Speaking at the company's annual technology presentation to clients and investors, held online for the second straight year because of the pandemic, CEO C.C. Wei said the planned factory remains on track to start volume production of chips using the company's 5-nanometer production technology starting in 2024.
However, the San Jose, California-based company assuaged some of those concerns by forecasting current-quarter revenue in the range of $985 million to $990 million, above Wall Street's estimate of $931.8 million, according to IBES Refinitiv data.
Draft rules aimed at reining in the power of Facebook Inc, Alphabet Inc unit Google, Amazon.com Inc and Apple Inc should only target these U.S. tech giants, a leading EU lawmaker said, signalling a tougher stand than EU antitrust regulators.
A court in California dismissed bribery charges against Apple Inc's security chief, writing that a key element of the case was "pure speculation" by prosecutors and unsupported by evidence.
The European Commission will announce plans for a digital identity wallet to allow Europeans to access public and private services, prompted in part by the COVID-19 pandemic which has seen a massive surge in online services.
Coinbase launched a tie-up with Apple and Alphabet's Google on Tuesday that will allow users to add cards from their accounts to the payment apps run by the two tech giants.
Chinese consumer electronics band Xiaomi has expanded its smart TV lineup in India with the launch of a new device — called Mi TV 4A 40 Horizon Edition. As the name suggests, it sports a 40-inch display. The Mi TV 4A 40 Horizon Edition has been launched at Rs 23,999 in India. Interested buyers will be able to order it from mi.com, Mi Home, Flipkart, Mi Studio & Retail partner stores June 2 onwards.
Delhi government has allowed doorstep delivery of liquor. This means that Delhiites would soon be able to order liquor online and get delivered at their home. This comes after Delhi Excise Rules, 2010 have been amended and the Delhi Excise (Amendment) Rules, 2021 come into force. It allows holders of L-13 license to deliver liquor at the doorstep of customers.
Smartphone brand iQoo has confirmed the launch date of its upcoming smartphone, iQoo Z3 5G in India. The brand has announced the date of the launch via Twitter where it revealed that the iQoo Z3 5G will be launched in India on June 8. The event will take place at 12 pm.