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By Joyce Lee SEOUL (Reuters) – From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips – smartphones, PCs and data centres – have shrunk this year, as both corporate customers and consumers scale back spending amid a weak global economy, […]

By Munsif Vengattil GANDHINAGAR, India (Reuters) – U.S. chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other […]

(Reuters) -France’s Atos raised its annual organic revenue target on Friday, pointing to improving commercial traction and high demand, and said it planned further divestments. The IT consultancy group expects its 2023 organic revenue to be in line with last year’s or to rise by up to 2%, compared to its prior range of -1% to 1%. The struggling tech company, home to assets deemed strategic by the French government, […]

By Johan Ahlander and Simon Johnson STOCKHOLM (Reuters) – Swedish Prime Minister Ulf Kristersson is “extremely worried” about the consequences if more demonstrations go ahead in which the Koran is desecrated, he said on Thursday, amid growing Muslim anger at a series of attacks on Islam’s holy book. Attacks on the Koran in Sweden and Denmark have offended many Muslim countries including Turkey, whose backing Sweden needs to join the […]

(Reuters) – France’s Atos raised its full-year organic revenue growth target on Friday, pointing to improving commercial traction and high demand, even as its half-year sales came slightly below expectations. The IT consultancy group expects its 2023 organic revenue to be in line with last year’s or to rise by up to 2%, compared to its prior range of -1% to 1%. Its revenue for the six months through June […]

(Reuters) – Swiss specialty chemicals maker Clariant on Friday said its second-quarter core profit came in above its forecast range helped by price hikes in catalysts as well as adsorbents and additives businesses. The group’s core operating profit (EBITDA) from continuing operations declined 19% to 175 million Swiss francs ($201.47 million) in the quarter. This is above analyst estimates of 160 million francs in a company-provided poll, which were set at the […]

(Reuters) – French IT consulting group Capgemini on Friday posted a 6.9% rise in its half-year revenue, driven by its cloud, data and artificial intelligence activities. The Paris-based group’s revenue was 11.43 billion euros ($12.54 billion) in the first half of 2023, compared to 10.69 billion a year earlier. ($1 = 0.9118 euros) (Reporting by Lina Golovnya and Stéphanie Hamel in Gdansk; Editing by Milla Nissi) Brought to you by […]

By Shankar Ramakrishnan (Reuters) – Investor appetite for a type of debt issued mostly by banks to boost their capital is showing early signs of revival, just as interest rates on an estimated $120 billion of such securities are due to reset to much higher levels. So-called preferred securities, which are one of the riskiest forms of debt but also have some characteristics of stocks, are popular among banks as […]

(Reuters) – French IT consulting group Capgemini on Friday posted a 6.9% rise in its half-year revenue, driven by its cloud, data and artificial intelligence activities. The Paris-based group’s revenue was 11.43 billion euros ($12.54 billion) in the first half of 2023, compared to 10.69 billion a year earlier. ($1 = 0.9118 euros) (Reporting by Lina Golovnya and Stéphanie Hamel in Gdansk; Editing by Milla Nissi) Brought to you by […]