Uncategorized – Page 174 – I wish I had more to offer

Legalcategory

– Allen & Overy and Shearman & Sterling plan to merge in a deal that would create one of the world’s largest legal practices. – Paul Hastings hired three finance partners whose clients have included JPMorgan Chase, Bank of America and Barclays from Cahill Gordon & Reinde. – Quinn Emanuel is launching an intellectual property… Continue reading Legalcategory

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May 22 (Reuters) – TikTok Inc on Monday filed a lawsuit challenging the state of Montana’s new ban on use of the Chinese-owned short-video app. ByteDance-owned TikTok argues the ban, which would take effect on Jan. 1, violates First Amendment rights of the company and users. The lawsuit, filed in U.S. District Court in Montana,… Continue reading Untitled

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May 22 (Reuters) – Micron Technology Inc (MU.O) expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on Monday at a J.P. Morgan conference call. “We estimate that the combined direct sales and indirect sales through distributors to China headquartered companies is about 1/4… Continue reading Untitled

Technologycategory

Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source

Analysis: China’s Micron ban highlights chipmakers’ dilemma as Sino-U.S. tensions grow

SEOUL, May 22 (Reuters) – China’s ban on the use of U.S.-based Micron Technology’s (MU.O) chips in certain sectors, announced on Sunday, is a stark reminder of risks facing the global chip industry as it braces for escalating Sino-U.S. trade tensions. China’s move against Micron, the biggest U.S. memory chipmaker, was widely seen as retaliation… Continue reading Analysis: China’s Micron ban highlights chipmakers’ dilemma as Sino-U.S. tensions grow

Ford signs battery material supply deals to charge up EV output

May 22 (Reuters) – Ford Motor Co (F.N) on Monday unveiled three deals for the supply of lithium products, including lithium hydroxide, as the automaker ramps up electric vehicle (EV) production to 2 million units by the end of 2026. Shares of the company, which is holding a “Capital markets” event later in the day,… Continue reading Ford signs battery material supply deals to charge up EV output

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Summary Companies Meta expects new EU/US pact ready before suspension Campaigner Schrems says Meta plan not a permanent fix DUBLIN, May 22 (Reuters) – Meta (META.O) was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five… Continue reading Untitled

Technologycategory

Volvo wins record order for electric trucks from Holcim

OSLO, May 22 (Reuters) – Volvo Group (VOLVb.ST) said on Monday its unit Volvo Trucks plans to sell 1,000 electric trucks to Swiss building solutions provider Holcim (HOLN.S) for delivery over the next seven years, the biggest order ever for Volvo electric trucks. “The deal is the largest commercial order to date for Volvo electric… Continue reading Volvo wins record order for electric trucks from Holcim

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May 22 (Reuters) – Nvidia Corp (NVDA.O) on Monday said it has worked with the U.K.’s University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel Corp (INTC.O) and Advanced Micro Devices Inc (AMD.O). Nvidia is the world’s top maker of graphics processing units (GPUs), which are… Continue reading Untitled