Technology

A chastened Masayoshi Son summed up SoftBank Group Corp's record $13 billion operating loss on stage this week with a striking image: unicorns tumbling into the "valley of the coronavirus".

SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp , currently worth $3.1 billion, as part of a programme to raise $41 billion through asset sales.

Japanese appliance-maker Panasonic Corp on Thursday said that next year it will move its Thai-based production of refrigerators and washing machines to Vietnam, laying off some 800 workers.

Britain is dealing with technical issues of its track and trace app that it hopes will help it keep the novel coronavirus outbreak under control, but will use traditional tracking means until it is rolled out, the security minister said on Thursday.

Samsung Electronics Co Ltd has begun work on a sixth domestic contract chip production line, the company said on Thursday, to make logic chips for mobile phones and computers as it looks to cut reliance on the volatile memory chip sector.

South Korea's Samsung Electronics Co Ltd on Thursday said it has broken ground for its sixth domestic contract chip production line, which will make logic chips as part of efforts to reduce its reliance on the volatile memory chip sector.

U.S. regulators are open to making changes to close what some see as a loophole in a new rule aimed at curbing global chip sales to blacklisted Chinese telecoms equipment maker Huawei Technologies Ltd, two U.S. officials said on Wednesday.

Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would "raise serious competition issues" in many cities.

Authorities in 23 countries across five continents have sought access to contact tracing technology from Apple Inc and Alphabet Inc’s Google, the companies announced on Wednesday as they released the initial version of their system.

Apple and Google said they were continuing to talk to the British government about the technology used in its smartphone COVID-19 contact tracing app as the two companies released the initial version of their own system.

Authorities in 23 countries across five continents have sought access to contact tracing technology from Apple Inc and Alphabet Inc's Google, the companies announced on Wednesday as they released the initial version of their system.

EU regulators are seeking feedback from users and digital service providers before drafting rules that could rein in Google, Facebook, Amazon, Uber and other tech companies, an EU document seen by Reuters showed.

Xiaomi Corp reported a 13.6% rise in first-quarter revenue on Wednesday, beating estimates, as the Chinese smartphone maker sold more phones and benefited from sales of its higher-priced 5G models.

HBO Max, the forthcoming streaming service from AT&T Inc-owned WarnerMedia, announced on Wednesday several new partners will carry its content, but it has not yet announced deals with Comcast Corp, Amazon.com Inc or Roku Inc.

Alphabet Inc's Google Cloud said on Wednesday it has secured a deal with the United States Department of Defense to help detect and respond to cyber threats.

SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it navigates a strict coronavirus lockdown that has halted 95% of its business, company chief Bhavish Aggarwal told employees on Wednesday.

The regulation of big technology companies such as Facebook Inc and Alphabet Inc's Google has been a hot button issue ahead of the U.S. presidential election on Nov. 3.

AT&T Inc said on Tuesday it was shutting its DirecTV subscription access to Venezuela due to U.S. sanctions, cutting off a key source of entertainment for millions of people stuck in their homes under a strict coronavirus quarantine.

German business software group SAP expects to stick to its dividend policy even as the coronavirus crisis weighs on its results, its finance chief said on Wednesday.

Xiaomi Corp reported a 13.6% rise in first-quarter revenue on Wednesday, beating estimates even as demand for its smartphones plunged amid the coronavirus pandemic that has also rattled supply chains in China.