Yadarisa Shabong / Reuters: UK neobank Monzo reports FY 2025 revenue up 48% YoY to £1.2B, pretax profit up 335% YoY to £60.5M, deposits up 48% YoY to £16.6B, and users up 25% YoY to 12.2M — Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit …
Reuters: Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024 — Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter …
Reuters: Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts — Semiconductor design software firm Synopsys (SNPS.O) has told staff in China to halt services and sales in the country and stop taking …
Stephen Nellis / Reuters: The US Department of Energy says its Doudna supercomputer, due in 2026, will use Nvidia's latest Vera Rubin chips built into liquid-cooled servers by Dell — The U.S. Department of Energy on Thursday said its “Doudna” due in 2026 will use technology from Nvidia and Dell.
Priyanka G / Reuters: Marvell reports Q1 revenue up 63% YoY to $1.9B, vs. $1.88B est., data center revenue up 76% YoY to $1.44B, and forecasts Q2 revenue above est. on AI chip demand — Marvell Technology (MRVL.O) forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand …
Reuters: Sources: Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, and aims to file in the coming weeks — Shein is working towards a listing in Hong Kong after the online fast-fashion retailer's proposed initial public offering (IPO) …
Reuters: Global Payments says it will sell its Heartland Payroll Solutions unit, which has 50K+ clients, to Michigan-based fintech Acrisure for $1.1B, closing in H2 2025 — Global Payments (GPN.N) said on Wednesday it would sell its payroll division, Heartland Payroll Solutions …
Leo Marchandon / Reuters: Capgemini says it is partnering with SAP to deploy custom Mistral AI tools for industries with stringent data requirements, such as aerospace and defense — French IT firm Capgemini (CAPP.PA) said on Monday it was partnering with Germany's SAP (SAPG.DE) to deploy custom Mistral AI solutions for sensitive industries.
Kane Wu / Reuters: Sources: Foxconn is among potential bidders for Singapore-based semiconductor assembly and testing firm UTAC in a deal that could value the company at ~$3B — Taiwan's Foxconn (2317.TW) is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings …
Reuters: Sources: DOGE is using a customized Grok to analyze US government data, including at DHS where it has not been approved, raising security and privacy concerns — Billionaire Elon Musk's DOGE team is expanding use of his artificial intelligence chatbot Grok in the U.S. federal government to analyze data …
Reuters: Distributed Denial of Secrets: the TeleMessage hacker stole messages from 60+ US government users covering about one day ending on May 4, including travel plans — A hacker who breached the communications service used by former Trump national security adviser Mike Waltz earlier …
Reuters: Sources: Intel is considering divesting its networking and edge businesses, which generated $5.8B in 2024 revenue, to focus on PC and data center chips — Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does …
Reuters: China says the US must “immediately correct its wrongdoings” and stop “discriminatory” measures, after US guidance warning companies not to use Chinese AI chips — China on Monday urged the United States to “immediately correct its wrongdoings” and stop “discriminatory” …
Reuters: Xiaomi CEO Lei Jun says on Weibo that Xiaomi invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over at least the next decade — China's Xiaomi will launch its highly-anticipated YU7 electric sports utility vehicle on Thursday, as well as other products …
Reuters: Charter announces plans to merge with Cox Communications in a deal that values Cox at $34.5B including debt and unites two of the biggest US cable providers — Charter Communications (CHTR.O) said on Friday it would merge with Cox Communications in a deal that would value its privately held rival …
Reuters: Xiaomi CEO Lei Jun unveils the XringO1, the company's first self-developed mobile chip, for its high-end devices, coming in late May, without giving any details — Chinese smartphone and electric vehicle maker Xiaomi (1810.HK) said on Thursday it would launch a new self developed mobile phone chip, XringO1, in late May.
Niket Nishant / Reuters: Coinbase says hackers accessed a “small subset” of users' data, but not credentials, expects to incur $180M to $400M in costs, and refuses to pay a $20M ransom — Coinbase (COIN.O) forecast a hit between $180 million and $400 million from a cyber attack that breached account data of a …
Deborah Sophia / Reuters: AMD approves a new $6B share buyback program, boosting its total repurchase authority to ~$10B, with no termination date; AMD jumps 5%+ — Chip designer Advanced Micro Devices (AMD.O) said on Wednesday its board has approved a new $6 billion share buyback program, boosting its total repurchase authority to about $10 billion.
Reuters: At a JP Morgan event, Intel CFO David Zinsner says committed volumes of chips using Intel's 18A and 14A processes for customers are currently “not significant” — The volume of processors Intel (INTC.O) is set to produce for external customers using its upcoming manufacturing technology …
Reuters: Sources: Shenzhen government-owned chip equipment maker SiCarrier, a key Huawei supplier, is seeking ~$2.8B at an $11B valuation in its first fundraising round — SiCarrier, a Chinese chip equipment maker with close links to Huawei, is seeking $2.8 billion in its maiden fundraising round …
Reuters: Chinese government data: Chinese shipments of foreign-branded cellphones, including iPhones, dropped by 49.6% YoY to 1.887M units in March 2025 — Chinese shipments of foreign-branded cellphones, including Apple Inc's (AAPL.O) iPhones, dropped by 49.6% year on year in March …
Reuters: Japan's NTT, which owns 57.7% of IT services provider and data center operator NTT Data, launches a $16.4B take-private tender offer to buy the remaining stake — Japanese telecoms firm Nippon Telegraph and Telephone (9432.T) announced plans on Thursday to take its subsidiary NTT Data …
Reuters: SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges” — Semiconductor Manufacturing International Corp (0981.HK)，China's largest contract chip maker …
Fabian Cambero / Reuters: AWS says it plans to invest $4B to build its first data centers and cloud infrastructure in Chile, set to open in H2 2026, and will try to use minimal water — Amazon's cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile …
Ernest Scheyder / Reuters: The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals — A U.S. government-created artificial intelligence program that aims to predict the supply and price of critical minerals has been transferred …
Ahmed Hagagy / Reuters: Kuwait cracks down on crypto miners for being a “major” cause of its blackouts; Al-Wafrah's energy consumption fell by 55% after last week's security operation — Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a “major” cause of a power crisis …
Reuters: Memo: the US DOD seeks to secure right-to-repair provisions in Army contracts to access tools, software, and technical data without hindrance by IP constraints — The U.S. Department of Defense wants new and existing defense contracts to give the Army the right to repair its own weapons …
Sam Tobin / Reuters: London's Court of Appeal rules Apple must pay Optis $502M as a lump sum for using Optis' 4G patents from 2013 to 2027, overturning a 2023 High Court decision — Apple (AAPL.O) must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads …
Svea Herbst-Bayliss / Reuters: Autodesk adds Jeff Epstein and Christie Simons to its board and settles the proxy fight with Starboard Value, which has criticized Autodesk for underperformance — Autodesk (ADSK.O) said on Thursday it will add two newcomers to its board and settle one of the year's most high-profile proxy fights …
Andrew Silver / Reuters: Three European scientific funding agencies have put research programs with China on hold since 2021 due to concerns over the country's Data Security Law — Several of Europe's biggest funders of scientific collaboration with China, in fields such as viruses and air quality …
Stephen Nellis / Reuters: Adobe says Firefly users can now generate images using OpenAI's GPT, Google's Imagen 3 and Veo 2, and Flux 1.1 Pro, in addition to its own Firefly image models — Adobe (ADBE.O) said on Thursday it is adding image-generation artificial intelligence models from OpenAI and Alphabet's Google …
Nathan Vifflin / Reuters: STMicro reports Q1 revenue down 27.3% YoY to $2.52B, below its $2.51B guidance, and projects Q2 revenue down 16.2% YoY to $2.71B, excluding any tariff changes — STMicroelectronics (STMPA.PA) forecast improving sales for the second quarter on Thursday after its first-quarter result …
Kashish Tandon / Reuters: Flipkart plans to shift its holding company from Singapore to India as Walmart aims to take it public; Flipkart moved the entity to Singapore in 2011 — Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday, as its parent Walmart aims to take the 17-year-old company public.
Emma-Victoria Farr / Reuters: PE firm KKR agrees to acquire and take private Frankfurt-listed IT company Datagroup for about €450M in an all-cash deal expected to close in Q3 2025 — U.S.-based private equity firm KKR (KKR.N) has reached a deal with Frankfurt-listed Datagroup (D6HG.DE) to buy the firm …
Douglas Gillison / Reuters: A US judge temporarily halts mass firings at the US CFPB after the agency fired between 1,400 and 1,500 workers, eliminating as much as 90% of its workforce — A federal judge on Friday halted the mass firings carried out Thursday afternoon at the U.S. Consumer Financial Protection Bureau …
Stephen Nellis / Reuters: Memo: CEO Lip-Bu Tan flattens Intel's leadership team, with important semiconductor groups reporting directly to him, and names Sachin Katti as CTO and AI chief — Intel's (INTC.O) new CEO, Lip-Bu Tan, is flattening the semiconductor giant's leadership team, with important chip groups reporting directly …
Reuters: China bans automakers from using “smart driving” or “autonomous driving” in ads for driver-assist tech and tightens scrutiny after a fatal Xiaomi EV crash — China is banning automakers from using the terms “smart driving” and “autonomous driving” …
Reuters: River: China's local governments held 15,000 bitcoin worth $1.4B at the end of 2024, the world's 14th biggest holder, sparking a debate on how to handle it — China's growing pile of cryptocurrencies seized from illegal transactions is prompting local governments to find ways to dispose …
Reuters: Chinese state media: police in Harbin accuse the NSA of launching “advanced” cyberattacks during the Asian Winter Games in February 2025 and name three agents — Chinese police in the northeastern city of Harbin have accused the United States National Security Agency (NSA) …
Zaheer Kachwala / Reuters: Intel says it will sell a 51% stake in Altera to Silver Lake, valuing the programmable chip unit at $8.7B; Intel bought Altera for $15B in 2015 — Intel said on Monday it would sell a 51% stake in Altera to private equity firm Silver Lake, valuing the programmable chip unit at $8.75 billion.
Reuters: Source: Alphabet and Nvidia are among investors backing Safe Superintelligence; Google Cloud announced on April 9 that SSI is using its TPUs for AI research — Alphabet (GOOGL.O) and Nvidia (NVDA.O) have joined prominent venture capital investors to back Safe Superintelligence (SSI) …
Reuters: China's retail giants launch initiatives to help Chinese exporters pivot to the domestic market in response to the US trade war; JD.com launched a $27B fund — China's retail giants have launched initiatives in the past few days aimed at helping Chinese exporters pivot to the domestic market, as a U.S.-China trade war intensifies.
Reuters: Analysis: Intel CEO Lip-Bu Tan and his VC firms invested in 600+ Chinese tech companies including 8+ with military ties; a source says he divested the positions — Lip-Bu Tan, the man chosen to lead Intel, the U.S.'s largest chip maker, has invested in hundreds of Chinese tech firms …
Reuters: Sources: Apple chartered cargo flights to ferry 600 tons of iPhones, or up to 1.5M units, to the US from India; a source says Apple “wanted to beat the tariff” — Tech giant Apple chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million …
Reuters: At an NRCC event, President Trump says he told TSMC it would pay a tax of up to 100% if it didn't build US plants; in March, TSMC said it would invest $100B — President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company, which has pledged to build new factories …
Reuters: Call transcript: Luxshare Chair Wang Laichun says the iPhone and AirPods maker is in talks with clients to move more production from China, including to the US — Apple (AAPL.O) supplier Luxshare (002475.SZ) is in talks with customers on ways to respond to U.S. tariffs by shifting …
Reuters: Sources: US officials say DOGE is using AI to surveil at least one federal agency's communications for anti-Trump talk; a source says DOGE is also using Signal — Trump administration officials have told some U.S. government employees that Elon Musk's DOGE team of technologists …
Reuters: Chinese media outlet Caijing: Microsoft's joint venture Wicresoft will cease its China operations from April 8 after stopping outsourcing after-sales support — Microsoft's (MSFT.O) joint venture Wicresoft will cease its China operations from Tuesday, a move that will lead to the layoff …
Sam Tobin / Reuters: Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create an encryption “back door”, and says the case can be public — Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems …
Reuters: TSMC's and Foxconn's stocks closed down 9.98% and 9.77% on April 7 as US tariffs roil global supply chains; the US' 32% tariff on Taiwan is among Asia's highest — Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs …