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[ad_1] BERLIN (Reuters) -German chip manufacturer Infineon on Tuesday trimmed its full-year revenue guidance and forecast second-quarter revenue below market expectations after industry-wide weak demand dented its first-quarter revenue. The company now expects full-year revenue of 16 billion euros ($17.20 billion), plus or minus 500 million euros, versus its previous expectation of 17 billion euros,…
[ad_1] TOKYO (Reuters) -Nintendo on Tuesday raised its full-year Switch sales forecast to 15.5 million units from 15 million units previously. The Kyoto-based gaming company sold 13.74 million Switch units in the first nine months of the financial year. That compared with sales of 14.91 million units in the same period a year earlier. With…
[ad_1] HONG KONG (Reuters) – China’s Tencent Holdings has been working to adapt acclaimed action role-playing console game “Elden Ring” into a mobile version, three people familiar with the matter said, as it searches for a new hit to refresh its ageing stock of games. The world’s largest gaming company by revenue acquired the licensing…
[ad_1] The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates $55 million to $75 million in charges, mostly for severance and related costs. It expects the majority of the costs…
[ad_1] (Reuters) – Cybersecurity startup Wiz has hired Dali Rajic, former chief operating officer and president at Zscaler, as the four-year-old startup seeks to keep growing at a fast clip and eyes an eventual public listing, the company told Reuters. Rajic, a seasoned sales executive, joined Wiz this week as its first-ever president and chief…
[ad_1] By Laura Matthews and Manya Saini (Reuters) -Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems. EquiLend, a company at the heart of securities lending on Wall Street, disclosed in late…
[ad_1] (Reuters) – Chipmaker Microchip Technology forecast fourth-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers as they clear excess inventory. Shares of the Chandler, Arizona-based company fell more than 3% in extended trading. Demand for auto chips has been slowing as customers are dealing with excess inventory, hitting chipmakers…
[ad_1] AMSTERDAM (Reuters) – Privately held Dutch cloud communications software company MessageBird said on Thursday it has rebranded as “Bird” and is cutting prices to well below those of U.S. rival Twilio in a bid to win market share. “Today we are … taking our margins to zero,” CEO Robert Vis said in a blog…
[ad_1] Will AI Mean the Death of Music, or Herald a New Era of Creativity? U.S. News & World Report [ad_2] Source link
[ad_1] By Susanna Twidale and Simon Jessop LONDON (Reuters) – Technology giant Google has signed its largest ever power purchase agreement (PPA) with offshore wind projects off the coast of the Netherlands as part of efforts to green its power supply and hit climate targets, it said on Thursday. Renewable power project developers are increasingly…