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Reuters was first to report U.S. Commerce Secretary Gina Raimondo discussed concerns about restrictions on chipmakers Intel and Micron with Chinese Commerce Minister Wang Wentao in Beijing on Monday. The pair also discussed China’s restrictions on gallium and germanium exports in the conversation. Shares of Micron rose 3% and Intel was up 1.4% in early trading on the news. 

The post US raises concerns by Micron, Intel with China as export control meeting set to launch appeared first on Reuters News Agency.

Reuters was first to report Disney’s plans to create an internal task force to exploit artificial intelligence technology to cut costs and develop new products even as it battles labor unions who are trying to limit the use of the technology. AI is expected to touch every corner of the entertainment conglomerate and insiders gave Reuters exclusive insight into its ambitions.

The post Disney creates task force to explore AI and cut costs appeared first on Reuters News Agency.

Reuters was first to report that Amazon.com is in talks to join other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO). Amazon’s potential involvement in the IPO, which had not previously been reported, underscores Arm’s significance in cloud computing.

The post Amazon in talks to become anchor investor in Arm ahead of IPO  appeared first on Reuters News Agency.

Reuters exclusively reported that China’s BYD (002594.SZ) has told its India joint-venture partner it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi. 

The post BYD tells India partner it wants to drop $1 billion EV investment plan appeared first on Reuters News Agency.

Reuters exclusively reported that Amazon.com’s (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft (MSFT.O) and Google (GOOGL.O) in a key area of artificial intelligence.

The post Amazon has drawn thousands to try its AI service competing with Microsoft, Google  appeared first on Reuters News Agency.

Reuters exclusively reported that Meta Platforms (META.O) offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder. 

The post EU regulators rebuff Meta’s offer to curb use of ad data appeared first on Reuters News Agency.

Reuters exclusively reported that Microsoft (MSFT.O) was hit with an EU antitrust complaint by German rival alfaview on Thursday over its bundling of video app Teams into its Office product as the bloc’s regulator prepares to investigate the U.S. tech giant. The complaint, the second after Slack, comes as the EU competition enforcer prepares to open an investigation into Microsoft on this bundling practice, a move that may incur a fine as much as 10% of the company’s global turnover. 

The post Microsoft hit with EU antitrust complaint by German rival  appeared first on Reuters News Agency.

Reuters analyzes the new wave of AI helpers with greater autonomy, powered by the latest version of the technology behind ChatGPT and its rivals.

The post Insight: Race towards ‘autonomous’ AI agents grips Silicon Valley appeared first on Reuters News Agency.

Reuters analyzes chip production.

The post Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy appeared first on Reuters News Agency.

Reuters was first to report that Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year to set up semiconductor and display production plants in Modi’s home state of Gujarat but said Monday it was not going to move forward. Reuters was again first to report further details of Foxconn’s pullout, with a source saying New Delhi had raised several questions on the cost estimates provided to request incentives from India’s government, and concerns about incentive approval delays also contributed to the decision.

The post Foxconn dumps $19.5 bln Vedanta chip plan in blow to India appeared first on Reuters News Agency.

Reuters was first to report that U.S. grains merchant Bunge Ltd was in advanced talks on a deal to merge with Glencore Plc-backed peer Viterra and create an agricultural trading giant worth more than $30 billion, including debt. The high-profile merger was announced earlier today, confirming the Reuters scoop. The deal brings the combined company closer in global scale to leading rivals Archer-Daniels-Midland and Cargill, valuing Bunge and Viterra at about $17 billion each. Bunge shareholders, however, will own about 70% of the company, because Bunge will pay for a significant chunk of the deal with cash.

The post Bunge has finalized merger with Viterra  appeared first on Reuters News Agency.

Reuters exclusively reported that Vodafone (VOD.L) and CK Hutchison (0001.HK) are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week.

The post Vodafone, Hutchison to announce UK merger as soon as Friday appeared first on Reuters News Agency.

Reuters reported that big companies including a Foxconn joint venture that bid for India’s $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi’s chipmaking ambitions. 

The post Modi’s chipmaking plan flounders as firms struggle to find tech partners appeared first on Reuters News Agency.

Reuters exclusively reported that EU industry chief Thierry Breton has said proposed EU rules on artificial intelligence are not up for bargaining, in response to OpenAI CEO Sam Altman’s threat to quit Europe if the rules are too onerous. Altman caved the following day after Breton’s comments, tweeting that OpenAI was not going to leave the bloc. 

The post AI rules ‘cannot be bargained’, EU’s Breton says after OpenAI CEO threat appeared first on Reuters News Agency.

Sources exclusively shared with Reuters that Avid Technology Inc (AVID.O), a provider of video and audio editing software and equipment, is exploring a potential sale. 

The post Media editing software vendor Avid explores sale appeared first on Reuters News Agency.

Reuters was first to report that the U.S. Department of Energy had scrapped a proposed $200 million grant to lithium battery company Microvast Holdings after lawmakers cited concerns over its alleged links to China’s government. Microvast shares lost nearly a quarter of their value after the story was published. The Energy Department had been in talks with Microvast over the grant to help build a plant in Tennessee using funds from the $1 trillion 2021 bipartisan infrastructure law.

The post US will not award $200 mln grant for Microvast battery company  appeared first on Reuters News Agency.

Reuters exclusively reported that flat-screen maker LG Display is in a deal to supply high-end TV panels to Samsung Electronics in a deal that would help the South Korean firm turn profitable. For Samsung, the world’s largest TV vendor, the deal highlights how it is looking to expand in high-end organic light emitting diode (OLED) TV as competition heats up in the lower end with Chinese vendors. Samsung has been slower than major rivals to embrace OLED TVs, arguing the technology is more suited to small devices, partly due to the high cost of panels.   

The post LG Display to supply OLED TV panels to Samsung Electronics appeared first on Reuters News Agency.

Reuters exclusively reported that Microsoft is offering to charge more for its Office product when bundled with its messaging app Teams (versus Office without Teams) in an attempt to stave off an EU antitrust investigation. Microsoft was hit with more than 2.2 billion euros in EU antitrust fines in the previous decade for various antitrust infringements.

The post Microsoft offers to charge for Teams to address EU antitrust concerns appeared first on Reuters News Agency.

Sources exclusively revealed to Reuters that the U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan. 

The post US government may delay decision on electric vehicles biofuel program appeared first on Reuters News Agency.

Reuters was first to report that SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, setting the stage for this year’s largest initial public offering. While SoftBank had said in March it planned to list Arm in the U.S. stock market, the company’s IPO registration shows that it is pressing ahead with the blockbuster offering despite adverse market conditions. Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion.  

The post SoftBank’s Arm registers for blockbuster U.S. IPO appeared first on Reuters News Agency.

Reuters exclusively revealed that the European Commission has updated draft patent rules to make it easier for patent holders to sue companies over royalty disputes in hopes that the move will end costly legal spats over patents essential to key technologies for telecoms equipment, mobile phones, computers, connected cars and smart devices.

The post EU tweaks draft patent rules making it easier for patent holders to sue appeared first on Reuters News Agency.

Reuters exclusively revealed that Chinese regulators are expected to downgrade charges against Ant Group and fine them approximately $728 million - significantly less than the $1 billion initially planned. 

The post <strong>China expected to lower fine on Ant Group to about $700 million</strong> appeared first on Reuters News Agency.

Reuters exclusively reported that General Motors Co (GM.N) intends to invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest deal by the car maker to ensure long-term supplies of the metal used to make electric vehicle batteries.

The post <strong>General Motors moves deeper into mining with EnergyX lithium investment</strong> appeared first on Reuters News Agency.

Reuters exclusively reported that state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. 

The post <strong>China plans $500 million subsea internet cable to rival US-backed project</strong> appeared first on Reuters News Agency.

The post <strong>India plans new security testing for smartphones, crackdown on pre-installed apps</strong> appeared first on Reuters News Agency.