Science and Tech

Samsung flags 19-fold jump in profit, but shares slump on jitters AI boom may stall

Samsung flags 19-fold jump in profit, but shares slump on jitters AI boom may stall

By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL, July 7 (Reuters) - Samsung Electronics on Tuesday flagged a 19-fold…

July 7, 2026

Samsung forecasts 19-fold jump in quarterly profit as AI demand fuels chip crunch

By Heekyong Yang, Joyce Lee and Hyunjoo Jin SEOUL, July 7 (Reuters) - Samsung Electronics on Tuesday forecast a 19-fold…

July 7, 2026

Australia's WiseTech co-founder Richard White steps down as executive chair

July 7 (Reuters) - Australia's WiseTech Global said on Tuesday that co-founder Richard White would step down as executive chair,…

July 7, 2026

Samsung appliance workers to stage a rally protesting chip workers' wage deal

SEOUL, July 6 (Reuters) - Workers in Samsung Electronics' smartphone, television and home appliance division will stage a rally on…

July 7, 2026

Samsung forecasts record quarterly profit, beating estimates on AI memory demand

By Heekyong Yang and Joyce Lee SEOUL, July 7 (Reuters) - Samsung Electronics on Tuesday forecast a 19-fold jump in…

July 7, 2026

Tencent unit raises $1.5 billion from Kuaishou share sale, term sheet shows

By Yantoultra Ngui and Rajasik Mukherjee SINGAPORE, July 6 (Reuters) - Tencent Mobility, a unit of Tencent Holdings, has raised…

July 7, 2026

Semiconductor and software company Syntiant Corp files for US IPO

July 6 (Reuters) - Semiconductor and software company Syntiant Corp filed for an initial public offering in the United States…

July 7, 2026

Vista Equity, Quinti Capital offer to buy French adtech firm Criteo, sources say

July 6 (Reuters) - Vista Equity Partners and investment firm Quinti Capital have offered to acquire French advertising-technology company Criteo,…

July 7, 2026

Exclusive-US cyber agency is using Anthropic's Mythos to audit government code, sources say

By Raphael Satter WASHINGTON, July 6 (Reuters) - The U.S. cyber defense agency CISA is using Anthropic's AI model Mythos…

July 7, 2026

Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge

By Jonathan Stempel July 6 (Reuters) - A federal judge on Monday rejected Elon Musk's bid to void a jury…

July 7, 2026