Intel CEO Says Chip Shortage Could Stretch Into 2023
It could take one or two years to get back to a reasonable supply-and-demand balance in the semiconductor industry, Pat Gelsinger said in an interview after Intel posted largely flat second-quarter sales and profit.
Magna to Acquire Auto-Safety Company Veoneer
Magna International Inc. is planning to acquire automotive-safety-technology company Veoneer Inc. at an enterprise value of $3.3 billion.
Kakao Bank Set to Raise $2.2 Billion in Listing
The digital bank affiliated with South Korea's internet group Kakao Corp. has finalized its initial public offering price at the top end of a marketed price range.
Snap, Twitter Show Where the Party Is
Social media made a splash on Thursday as its second-quarter earnings kicked off: Both Twitter and Snap reported better-than-expected quarters.
Kaseya Gets Tool to Unlock Data After Ransomware Attack
The tech company said it received a universal decryptor that would help restore all the computer systems affected by the July 2 hack of one of its products.
Snap Sees Strong User Growth as Pandemic Restrictions Ease
The company has introduced new features to appeal to businesses beyond traditional social-media advertising, including a push into augmented reality.
Internet Outage Briefly Brings Down Websites
Services provider Akamai Technologies reported a disruption that rippled across high-profile websites and cloud-computing operations, including those of Fidelity Investments and Oracle.
Amazon-Backed Rivian Automotive Plans Second U.S. Electric-Vehicle Factory
EV startup Rivian Automotive plans to open a second manufacturing plant and is early in the process of scouting locations, the company said.
Warner Bros. to Make 10 Movies Exclusively for HBO Max
The move comes as HBO and its enhanced streaming platform, HBO Max, prepare to lose access to films and TV shows from rival studios that are now keeping more of their content in-house.
Blackstone Earnings Rise as Growth Strategy Boosts Portfolio
The private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share. "The pivot into good neighborhoods has really paid off," Blackstone President Jonathan Gray said in an interview.
(END) Dow Jones Newswires