7:55 a.m. Jan. 5, 2022
- By Jon Swartz
CES opens despite omicron surge, major chip shortageUndaunted by the spread of omicron and a major chip shortage that has hindered the ability of many companies to deliver products, CES kicked off Wednesday morning in Las Vegas. "We know CES will be different... and messy," Gary Shapiro, chief executive of show organizer Consumer Technology Association, said in a keynote speech. "But innovation can be messy." Some 2,300 exhibitors from 19 countries are attending the three-day event, though attendance is expected to be about half of the 170,000 who last gathered for the last in-person CES in 2020. Despite the in-person absence of more than 150 companies that include Intel Corp. , Advanced Micro Devices Inc. , AT&T Inc. , Nvidia Corp. , Qualcomm Inc. , International Business Machines Corp. , Google parent Alphabet Inc. , Meta Platforms Inc. , Microsoft Corp. , HP Inc. and others, Shapiro hailed the inclusion of food tech, space tech, and NFT companies. The show ends Friday. General Motors Co. CEO Mary Barra was to deliver a keynote address, remotely, from Detroit.
5:39 a.m. Aug. 30, 2021
- By Emily Bary
Globalstar stock rockets after report says Apple could add satellite communications to next iPhoneShares of Globalstar Inc. are up 49% in Monday morning trading after a report indicated that Apple Inc. and could work with Globalstar to do so. MacRumors cites a report from analyst Ming-Chi Kuo saying that Apple's iPhone 13 will offer low-earth orbit (LEO) satellite communications that will let users send messages or make calls even if they don't have 4G or 5G cellular connections. The iPhone 13 will have a custom Qualcomm Inc. chip that supports satellite communications, per the report. Globalstar declined to comment on the report. Apple didn't immediately respond to MarketWatch's request for comment. Globalstar shares have increased 530% over the past 12 months as the S&P 500 has risen 29%.
5:35 a.m. June 8, 2021
- By MarketWatch
The global chip shortage is wreaking havoc on supply chainsSemiconductor shortages are impacting nearly every manufacturer around the world. Here are some industries that have been affected most by the ongoing scarcity.
1:20 a.m. April 1, 2021
- By Steve Goldstein
Taiwan Semiconductor sets plans for $100 billion investment: reportsTaiwan Semiconductor Manufacturing Co. plans to spend $100 billion over the next three years to expand capacity, the company said in statements given to Bloomberg News and Reuters, following local reports. The company said the capacity is needed for 5G and high-performance computing demand. The company's fabs have been running at over 100% over the past 12 months, the Bloomberg report said. Taiwan Semiconductor's clients include Apple and Qualcomm .