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Top News In Seg Way Today - Breaking & Trending Today

Qualcomm forecast beats estimates as AI revives smartphone market

Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features. The company has also branched out into selling chips for cars and devices such as headphones, which in the second quarter helped it beat Wall Street expectations. The company said its sales to Chinese smartphone makers have grown 40% in the first half of its fiscal year, a sign of recovery in that market. ....

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STMicro cuts FY revenue outlook as slowing car market bites

(Reuters) -European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies. Analysts polled by LSEG were expecting revenue of $16.1 billion for the year. "During the quarter, automotive semiconductor demand slowed down compared to our expectations, entering a deceleration phase, while the ongoing industrial correction accelerated," said CEO Jean-Marc Chery in a statement. ....

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Hacker Threatens to Expose Sensitive World-Check Database

A seemingly financially-driven hacker known as GhostR claimed to have stolen millions of highly-sensitive records from a "know-your-customer" database ....

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Skadden tops M&A league rankings in first quarter as deal value rebounds

Skadden tops M&A league rankings in first quarter as deal value rebounds ....

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Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing, were speaking at Fortune Innovation Forum 2024. ....

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