Future of Enterprise

23 Dec 2024

Qualcomm secures key win in chips trial against Arm

Qualcomm’s central processors are properly licensed under an agreement with Arm Holdings, a jury found in a trial in U.S. federal court that removed some, but not all, uncertainty around the mobile chipmaker’s expansion into the laptop market.

Sony to become top shareholder of media powerhouse Kadokawa

19 Dec 2024

Sony Group said on Thursday it will invest about 50 billion yen ($320 million) to acquire new shares of Kadokawa, raising its stake in the Japanese media powerhouse to around 10% and becoming Kadokawa’s top shareholder.

Bain and KKR battle for Fuji Soft heats up as Bain goes hostile

18 Dec 2024

Bain Capital said on Wednesday it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm’s board should a second-round bid from rival suitor KKR fail.

Lockheed forms subsidiary to help defense companies adopt AI

17 Dec 2024

Lockheed Martin said on Monday it had formed a subsidiary that will help U.S. defense companies incorporate artificial intelligence into their operations.

Czech online grocer Rohlik valued at nearly $2 billion, document shows

02 Dec 2024

Czech online grocer Rohlik Group’s valuation has nearly doubled from three years ago to 1.85 billion euros ($1.95 billion), calculations from bond issue documents show.

14 Nov 2024

Foxconn sees robust AI server demand, posts 14% rise in Q3 profit

Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.

Tencent Q3 revenue rises 8% on gaming strength, matches estimates

13 Nov 2024

Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, driven by growth in its gaming business after the recent launches of new titles.

Singapore's Grab raises annual revenue forecast, shares jump

12 Nov 2024

Singapore’s Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season.

Delivery Hero to list Talabat business in Dubai in December

11 Nov 2024

Talabat, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15% of its issued shares, its German parent said on Sunday, in what will be one of the UAE’s biggest IPOs this year.

Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

11 Nov 2024

The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.

Sony posts 73% jump in Q2 profit, keeps outlook

08 Nov 2024