A federal jury in Texas handed out a decree for Intel Corp on Tuesday. The verdict required the semiconductor company Intel to pay $948.8 million to VLSI Technology as compensation for the infringed VLSI’s patented computer chips. During the six-day trial, VLSI claimed that Intel’s Skylake and Cascade Lake microprocessors had violated the patent that …
Black Panther: Wakanda Forever, from Disney and Marvel Studios, dominated the domestic box office, earning $180 million in its debut over the weekend. The Black Panther franchise faced a major challenge when its leading actor Chadwick Boseman died in 2020 due to cancer. In light of this tragedy, Director Ryan Coogler reformed the film into …
Black Panther Sequel Breaks Debut Record Earning $180 Million Read More »
Oil extends its gains on Monday from the last session following the curb of China’s strict Covid protocols, ultimately leading to hopes of economic and demand recovery for the world’s top oil importer. China’s rising interest rates and strict Covid measures raised concerns over the oil demand and caused its price to fall from above …
Alibaba Group Holdings is set to end China’s Singles Day with muted sales, recording a 4.7% drop in sales for the first 12 hours of the event’s last day. The Singles Day shopping festival, a key barometer of Chinese retail demand, was hit hard by China’s slowing economy and strict Covid curbs. Although Alibaba said …
In his first address to Twitter staff on Thursday, the new owner of Twitter, Elon Musk, warned about the possibility of Twitter’s Bankruptcy if the social media platform failed to generate more cash. Before the bankruptcy announcement, confidence in the social media company had already begun to decline, with advertisers pulling back in concern about …
Cocoa prices are at risk as dock workers continue their two-week-long strike, which blocked the cocoa supply. Although London cocoa reached a 2-year high, with New York cocoa posting a 5-month-nearest-futures high, the risk in its supply due to the ongoing strike may yet impact its price. According to a report from the International Cocoa …
Walt Disney Co fell 10% in after-hours trading after missing expectations for the Q4 earnings and sales despite attaining its highest revenue growth in more than 25 years. The mass media company declared a $162 million Q4 net income, with $20.15 billion in sales, which was up from $18.53 billion a year prior but short …
The US-based chipmaker Nvidia Corp confirmed on Monday a new advanced chip for China that supposedly meets the recent US export regulations. In Nvidia’s report, the chipmaker company noted that Chinese computer sellers are using the new chip to advertise their products. The new chip Nvidia A800 is the US-based chipmaker’s first effort to create …
Nvidia’s New A800 for China Meets US Export Standards Read More »
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