Chip designer ARM halts work with Huawei after U.S. ban

Chip designer ARM halts work with Huawei after U.S. ban
LONDON (Reuters) – British chip designer ARM has halted relations with Huawei in order to comply with a United States blockade of the company, potentially crippling the Chinese company’s ability to make new chips for its future smartphones. Huawei, in common with Apple and chipmakers such as Qualcomm, uses ARM blueprints to design the processors that power its smartphones.... Read More

U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge
(Reuters) – Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices. FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to... Read More

Futures dip on reports U.S. to target another Chinese firm

Futures dip on reports U.S. to target another Chinese firm
(Reuters) – U.S. stock index futures dipped on Wednesday, as fears of a possible escalation in the trade war between the United States and China were rekindled after reports that Washington could impose sanctions on another Chinese company. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid This... Read More

Wall Street set to open lower on fresh trade fears

Wall Street set to open lower on fresh trade fears
(Reuters) – U.S. stocks were on track to open lower on Wednesday, as fears resurfaced of a possible escalation in the trade war between the United States and China following reports that Washington could impose sanctions on another Chinese company. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan... Read More

U.S. judge rules Qualcomm practices violate antitrust law

U.S. judge rules Qualcomm practices violate antitrust law
FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake (Reuters) – Qualcomm Inc unlawfully suppressed competition in the market for cellphone chips and used its dominant position to impose excessive licensing fees, a U.S. judged ruled, sending the company’s shares down 13 percent in pre-market trade. “Qualcomm’s licensing practices... Read More

Exclusive: Behind Grindr’s doomed hookup in China, a data misstep and scramble to make up

Exclusive: Behind Grindr’s doomed hookup in China, a data misstep and scramble to make up
(Reuters) – Early last year, Grindr LLC’s Chinese owner gave some Beijing-based engineers access to personal information of millions of Americans such as private messages and HIV status, according to eight former employees, prompting U.S. officials to ask it to sell the dating app for the gay community. The Grindr logo is reflected on “HIV Data” text in this picture... Read More

Investors run for safety amid threat of broader U.S.-China spat

Investors run for safety amid threat of broader U.S.-China spat
LONDON/TOKYO (Reuters) – Global stocks were slightly lower on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc in muted trade amid renewed worries over the U.S.-China spat after reports Washington has another Chinese tech firm in its sights. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December... Read More

After Huawei, U.S. could blacklist Chinese surveillance tech firm: media

After Huawei, U.S. could blacklist Chinese surveillance tech firm: media
SHANGHAI (Reuters) – The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world’s top two economies could be further inflamed. FILE PHOTO: A Hikvision logo is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee/File Photo The restrictions... Read More