President Donald Trump announced Wednesday that Foxconn Technology Group plans a new factory in Wisconsin, fulfilling the Taiwanese manufacturing giant’s promise to invest in the US. The plant can eventually provide as many as 13,000 jobs, the official said.
PayPal Holdings Inc. Chief Executive Officer Dan Schulman keeps converting one-time rivals into allies, and investors are embracing the results. The transactions business announced a new deal with Bank of America Corp. that will help expand its reach beyond websites and into physical stores.
Facebook Inc’s investors are salivating over the revenue potential for the company’s chat businesses, Messenger and WhatsApp, after Chief Executive Officer Mark Zuckerberg said he’d like to move “a little faster” to make money from them.
Net income rose to a record 10.8 trillion won ($9.6 billion) in the three months ended June, the Suwon, South Korea-based company said in a filing Thursday, exceeding the 9.75 trillion won average of projections compiled by Bloomberg. Sales rose 20 percent to 61 trillion won.
Nintendo Co. rose the most since September, adding $3.5 billion in market value driven by software sales for its new Switch console. Shares rose as much as 7.5 percent in heavy trading during the morning session, pushing the company’s market value to $48.7 billion.
It’s rare for Facebook Inc. Chief Executive Officer Mark Zuckerberg to interact publicly with other moguls online. When he does, it’s usually friendly and choreographed, like the time he asked Microsoft Corp. founder Bill Gates for help on a Harvard University commencement speech.
The Google division generated most of the quarter’s revenue but paid out 22 percent of its $22.67 billion in sales in so called traffic acquisition costs or TAC, payments to partners that direct traffic to its online properties and ads. A year ago, those costs represented 21 percent of Google’s sales.
As Uber faces tumultuous times mired by increasing controversies, rival companies led by Grab generates $9 billions in fundings from SoftBank and Didi Chuxing to capture the market. China’s tech titans are also eyeing the company to promote their payments services.
Facebook’s version of television is coming online in mid-August after several false starts, according to people familiar with the matter. The company has been asking its partners to turn in the first episodes of their spotlight shows, the people said.
Microsoft Corp. says it has the answer with a chip design for its HoloLens goggles—an extra AI processor that analyzes what the user sees and hears right there on the device rather than wasting precious microseconds sending the data back to the cloud.
Lyft Inc., emboldened by public stumbles by larger rival Uber Technologies Inc., is taking the leap into developing its own fully autonomous vehicles. Lyft is opening a self-driving vehicle development facility in California, called “Level 5,” a nod to the designation of fully autonomous vehicles that don’t require human supervision.
Facebook Inc. plans to test a tool to drive more subscriptions from directly within its app, a potential boost to publishers like the New York Times and Washington Post. “Our partners consistently identified support for subscription business models as a top priority,” Facebook said Thursday.
Qualcomm Inc, the biggest maker of chips used in mobile phones, forecast steep declines in profit and licensing sales, underscoring its dependence on the royalties that one of its largest customers, Apple, has stopped paying.
Years ago, Google built a social network separate from its prized asset, web search. The effort failed. Now the company is trying again, only this time, it’s turning its search engine into something that looks a lot like the news feed of a social network.
Apple Inc. and its Asian contract manufacturers are hitting back at Qualcomm Inc. with legal claims. Qualcomm is asking for payments in excess of what it would normally receive, Apple, Compal Electronics Inc., Hon Hai Precision Industry Co. and others said early Wednesday in court filings.
For more than two decades, Nintendo Co.’s twin product lines were the envy of its rivals: a home console and a handheld gaming device. But signs are emerging its new hybrid Switch may upend all of that. While Nintendo hasn’t said it’s abandoning the two-gadget strategy, the signs are there.
Yahoo Japan Corp., operator of the nation’s second-most popular website, announced a new web-based gaming platform called Game Plus. The new service offers titles through cloud streaming and those built on HTML5, and starts Tuesday in Japan with 39 titles.
Alphabet Inc.’s high-speed internet business is undergoing another shake-up as its leader, Gregory McCray, is stepping down. The company is looking for a replacement. McCray was hired in February as chief executive officer of Access, the Alphabet unit that houses Google Fiber.
Imagine an office without computer monitors, cubicles or chairs. Everyone is wearing headsets that project their work in the form of 3D holograms. Meta, an augmented reality startup, is making that reality. Meta’s version of desktop icons is a holographic shelf holding a bunch of spheres.
Bitcoin reversed steep losses as miners began using new software which aims to bridge an ideological gap that has threatened to divide the cryptocurrency. The price of bitcoin rose as high as $2,248 before trading at $2,232 as of 3:55 PM in Tokyo.
Facebook Inc’s WhatsApp messaging service has been partially blocked in China, following a censorship crackdown by the government. Multiple WhatsApp users in China reported experiencing intermittent outages from Monday night Beijing time.
Microsoft Corp. and Google pleaded with US regulators on Monday to preserve strong net neutrality rules, while AT&T Inc. and Comcast Corp. backed weakened oversight and said Congress should settle the issue that’s burned for more than a decade.
For years, Google has poured time and money into one of the most ambitious dreams of modern technology: building a working quantum computer. Now the company is thinking of ways to turn the project into a business. Alphabet Inc.’s Google has offered science labs and artificial intelligence researchers early access to its quantum machines over the internet in recent months.
Flipkart and Snapdeal have been in merger talks since at least April as they debate the proper terms of a combination. One central issue has been that Snapdeal investors will see the value of the business cut by at least 85 percent from its peak of $7 billion.
When it comes to web businesses, China has created its own versions of a search engine (Baidu), e-commerce platform (Alibaba) and video-streaming service (iQiyi) with resounding success. Yet there’s a conspicuous absence of smart speakers such as the Amazon Echo or Google Home.
