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Nvidia and AMD have agreed to give the US government 15% of their revenues from chip sales in China, under an arrangement to obtain export licenses for the semiconductors, the Financial Times reported on Sunday. The revenue share applies to Nvidia’s H20 chips and AMD’s MI308 chips, the report said, citing a US official, adding that the […]
The Federal Communications Commission on Thursday gave the green light to the $8.4 billion merger between Paramount Global and Skydance Media – finally clearing the way for a deal that had been throttled by allegations of bias against CBS News. The merger, expected to be completed in the next few weeks, will give independent film […]
TikTok is building a new version of its app for users in the US ahead of a planned sale of the app to a group of investors, The Information reported on Sunday, citing unnamed sources. This comes as President Trump said on Friday he will start talking to China on Monday or Tuesday about a […]
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images DNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul Revere or the 15th great nephew four times removed of the last […]
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% […]
Jakub Porzycki | Nurphoto | Getty Images Business moguls such as Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme Court decides to uphold a national security law […]
Chinese officials are mulling a potential option that involves the sale of TikTok’s US operations to billionaire Elon Musk if the company fails to fend off a potential ban, Bloomberg News reported on Monday, citing people familiar with the matter. Chinese officials are mulling a potential option that involves the sale of TikTok’s US operations […]
President Joe Biden on Friday moved to block the multi-billion-dollar sale of US Steel to Japan’s Nippon Steel, citing national security concerns. The Committee on Foreign Investment in the US has been reviewing the $14.1 billion deal on whether it poses security risks for months. On Dec. 23, CFIUS said it was at a standstill, […]
