TECHNOLOGY

Meta drags Qualcomm into its metaverse hell for the foreseeable future

Photo: Josh Edelson (Getty Images) Mark Zuckerberg is recruiting help to boost his metaverse vision closer to reality. Friday, Meta and Qualcomm announcement they’re teaming up to design custom chipsets for Meta’s virtual reality headsets that they believe could power “a new era of spatial computing.” The multi-year deal between the two companies will see …

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Chinese tech giants have seen their worst quarterly growth on record, thanks to Beijing’s zero-Covid policy

Chinese tech giants including Alibaba have seen slower to no growth as China’s economy faces weakness due to Beijing’s zero Covid policy. Qilai Shen | Bloomberg | Getty Images China’s tech giants are emerging from their worst growth quarter in history as a major slowdown in the world’s second-largest economy, fueled by Beijing’s tough Covid …

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Nvidia Says Gaming Market Conditions ‘Tough’, Missing Q3 Guidance

Jen-Hsun Huang, president and CEO of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on October 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported second-quarter results that beat Wall Street expectations for revenue and earnings per share. The report is in line with Nvidia’s …

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Chipmakers tumble over fears of worst downturn in 10 years

Semiconductor stocks fell after Micron Technology Inc. became the latest chipmaker to warn of slowing demand, sparking concerns the industry is headed for a painful downturn. In the United States, the Philadelphia Semiconductor Index fell 4.6% on Tuesday with all 30 members in the red, its biggest drop in about two months. In Asia, chip …

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Hootsuite cuts 30% of staff in latest round of tech layoffs | Globalnews.ca

Hootsuite Inc. announces that it will lay off 30% of its staff as part of a global restructuring. The Vancouver-based social media firm declined to answer questions about the exact number of laid-off employees or what triggered the job cuts, but the most recent figures from financial data firm Refinitiv show that the company employs …

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Nasdaq slips 1% as chipmaker Micron warning reignites tech rout

Traders work on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., August 8, 2022. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Micron stumbles on lower revenue forecasts Semiconductor stocks fall for third session, down 27.3% year-to-date Novavax drops 29% after halving revenue view Indices: Dow …

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