Technology News


Applied Materials weak forecast fans concerns over chip boom end

Applied Materials Inc, the world’s largest supplier of equipment used to make chips, forecast current-quarter profit and revenue below Wall Street estimates, adding to fears that a two-year chip boom may be losing steam.


First crack at Musk could give top Tesla funds an edge

Information about Elon Musk’s efforts to take Tesla Inc private is scarce. But some small investors wonder if top funds have an edge.


Indian streaming firm Hotstar sees blended revenues as winning strategy

Indian video streaming service Hotstar sees its blended revenue model that relies on both subscription fees and ad sales as a winning formula in India’s fast-growing market, home to tens of millions of price-sensitive new internet users.


China’s JD.com looks to warehousing assets to help revive profits

China’s second-largest e-commerce firm, JD.com Inc, said it is shifting management of its warehousing assets to a separate unit, in a move it hopes will revive profits after it swung back to a loss in April-June.


More U.S. states deploy technology to track election hacking attempts

A majority of U.S. states has adopted technology that allows the federal government to see inside state computer systems managing voter data or voting devices in order to root out hackers.


Tesla on track to make 8,000 Model 3s per week, Evercore says

Tesla Inc is on its way to make 8,000 Model 3 cars per week even as it burns more cash, Evercore analysts wrote in a note on Thursday, following their visit to the electric-car maker’s California facility.