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Technology

Kimberly Redmond | Equities.com |

Apple Inc (Nasdaq: AAPL) has postponed production of some MacBooks and iPads as the global semiconductor shortage continues, Nikkei Asia reported on Thursday.

According to the report, MacBook production is being hit by a lack of chips that are mounted on the computer’s circuit board, while the iPad is being slowed by issues in the supply chain for display components.


Kimberly Redmond | Equities.com |

LG Electronics announced Monday that it will close its smartphone business with a full exit planned by the end of July.

In a press release, the South Korean tech giant said leaving “the incredibly competitive mobile phone sector” is a “strategic decision” that will enable it to focus on smart home products, electric vehicle components, robotics, artificial intelligence, business-to-business products and other connected devices.


Kimberly Redmond | Equities.com |

Hitachi Ltd (OTC US: HTHIY) announced it will buy Silicon Valley-based software development services provider GlobalLogic Inc for $9.6 billion, including repayment of debt, in an effort to strengthen its digital services business.

On Wednesday, the Japanese industrial company said the acquisition will help it meet a growing demand for technology services, as well as provide Hitachi with a strong client base and digital engineering capabilities.


Reuters | Equities.com |

Shares of Reddit-favorite GameStop Corp slumped 34% on Wednesday, a day after the videogame retailer said it might cash in on a meteoric rise in its share price to fund its e-commerce expansion.

GameStop shares remain up over 500% this year, benefiting from a push by retail investors on Reddit forums to drive up prices of heavily shorted stocks.


Reuters | Equities.com |

(Reuters) - GameStop Corp said on Tuesday it may sell new shares this year to take advantage of a more-than 800% run-up since January in the stock price of the U.S. video game retailer at the center of the Reddit rally of “meme stocks.”

GameStop shares gyrated after hours and were last down 12%. The company made the comments about the share offering in a regulatory filing for fourth-quarter earnings which showed GameStop returned to profitability, with 175% growth in e-commerce sales.


Reuters | Equities.com |

Panasonic Corp will buy U.S. supply-chain software firm Blue Yonder for 700 billion yen ($6.45 billion), in the Japanese electronics firm’s biggest acquisition since 2011, The Nikkei reported on Monday.

Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen last year, is in the final stages of acquiring the rest of the stock from shareholders including Blackstone Group Inc, The Nikkei said, without saying where it obtained the information.


Reuters | Equities.com |

Thomson Reuters Corp reported higher fourth-quarter revenue on Tuesday and said it would start a two-year program that will change it from a holding company to an operating company.

The news and information company, which owns Reuters News, said revenues rose 2% to $1.62 billion, while its operating profit jumped more than 300% to $956 million, reflecting the sale of an investment, a gain from an amendment to pension plan and lower costs.


Reuters | Equities.com |

A record rush to big technology stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-all asset bubbles”, BofA said on Friday.

Global market capitalization has risen $50 trillion, or $6.2 billion per hour, since last March, almost 10 times faster than the pace seen in the immediate aftermath of the 2008 global financial crisis, the U.S. investment bank said.


Reuters | Equities.com |

Bosch will work with Microsoft on a software platform for vehicles, it said on Thursday, as it strives to get a foot in the door to the fast-growing market for electromobility and automated driving technologies.

By using cloud technology, the software platform will ensure that vehicles’ control units and computers can get software throughout their life time, the German auto supplier said.


Reuters | Equities.com |

Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, which it plans to use in its upcoming augmented reality (AR) devices, Nikkei Asia reported on Wednesday.

Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report said.