RESF

Apple warns of lower iPhone shipments as COVID curbs hobble China plant

Apple expects lower shipments of iPhone 14 Pro and Pro Max Apple says factory in China is operating at greatly reduced capacity Apple supplier Foxconn revises down its outlook for the fourth quarter TAIPEI, November 7 (Reuters) – Apple Inc. (AAPL.O) expects shipments of high-end iPhone 14 models to be lower than previously expected following …

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TSMC cuts capex on tool delays, demand woes; cautious on outlook

Q3 profit of T$280.9 billion vs. T$265.64 billion, analysts say Third-quarter revenue up 36% year-on-year to $20.23 billion Fourth Quarter Revenue Increases 29% to $19.9 Billion to $20.7 Billion TAIPEI, Oct 13 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) cut its annual capital budget by at least 10% for 2022 and took a more cautious note …

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Ford stock has biggest daily drop since 2011 after inflation warning

The Ford logo is pictured at the Frankfurt Motor Show (IAA) 2019 in Frankfurt, Germany. REUTERS/Wolfgang Rattay Join now for FREE unlimited access to Reuters.com Register Sep 20 (Reuters) – Ford Motor Co’s (FN) Shares fell more than 12% on Tuesday in their biggest one-day drop in more than a decade after the automaker said …

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U.S. officials order Nvidia to halt sales of top AI chips to China

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told him to stop exporting two leading computer chips for artificial intelligence work to China, a move that could cripple the ability of Chinese companies to do advanced work like reconnaissance …

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Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) On Wednesday, it announced it had signed deals for more than $500 million in new funding and would close 150 stores, cut jobs and revamp its merchandising strategy in a bid to turn around its loss-making …

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