Gadgets & Tech Headlines
UPDATE 3-U.K. ban looms over Huawei as revenue growth lags amid U.S. pressure
July 13 (Reuters) - China's Huawei reported a sharp slowdown in revenue growth on Monday, ahead of Britain's expected decision to ban the company from its 5G telecom networks - a move likely to add momentum to a U.S. campaign against it and threatening its global prospects.
China's state chip fund to cut stakes in two more tech companies
SHANGHAI (Reuters) - China's largest state-backed semiconductor fund plans to reduce its holdings in two listed technology companies, a decision that comes following a torrid bull run in China's stock market.
Exclusive: Google offers data pledge in bid to win EU okay for Fitbit buy
BRUSSELS (Reuters) - Alphabet Inc's Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday.
UPDATE 5-Chipmaker Analog Devices to buy rival Maxim for about $21 bln
July 13 (Reuters) - Semiconductor maker Analog Devices Inc said on Monday it would buy rival Maxim Integrated Products Inc for about $21 billion in the largest U.S. deal this year, aimed at boosting its market share in automotive and 5G chipmaking.
Tesla taps brake on massive stock rally
(Reuters) - Shares of Tesla ended down 3.1% on Monday, tapping the brakes on a rally that has boosted the electric car maker's stock by over 40% in two weeks.
SoftBank Group explores options for chip designer Arm Holdings: WSJ
(Reuters) - SoftBank Group Corp <9984.T> is exploring options including a full or partial sale or public offering of British chip designer Arm Holdings, the Wall Street Journal reported on Monday.
Amid pandemic, wealthy U.S. families approved for government loans
BOSTON (Reuters) - Private investment firms that manage the fortunes of wealthy individuals and their kin were approved for millions of dollars in taxpayer-funded relief loans designed to help small businesses weather the coronavirus lockdown, according to a review of recently released government data.
Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation
DETROIT (Reuters) - Electric car maker Fisker will go public through a merger with a blank-check company backed by alternative investment manager Apollo Global Management Inc at a valuation of $2.9 billion, the companies said on Monday.
Free pizza and a 75-foot statue of Musk: the battle for the next Tesla plant
(Reuters) - Tulsa, Oklahoma, is an oil-industry town with a 75-foot (23 m) statue called "The Golden Driller."
Apple says full return to offices not until the end of the year: Bloomberg News
(Reuters) - Apple Inc
has told its staff that a full return to U.S. offices will not occur before the end of the year, Bloomberg News reported on Monday, citing an internal video message.
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