Samsung reports profitable quarter but warns of weaker outlook

Business Oct 29, 2020

Samsung reports profitable quarter but warns of weaker outlook

Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profits will ease amid intensifying competition and weakening demand. The world’s largest maker of memory chips and personal electronics said net ...

U.S. tightening restrictions on Huawei access to technology and chips

Business / Tech Aug 18, 2020

U.S. tightening restrictions on Huawei access to technology and chips

The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies Co., aimed at cracking down on its access to commercially available chips. The U.S. Commerce Department actions will expand restrictions announced in May aimed at preventing the Chinese telecommunications giant from ...