Day: May 21, 2020

U.S. strikes at a Huawei prize: chip juggernaut HiSilicon

SHANGHAI (Reuters) – The latest U.S. government action against China’s Huawei takes direct aim the company’s HiSilicon chip division—a business that in a few short years has become central to China’s ambitions in semiconductor technology but will now lose access to tools that are central to its success.

FILE PHOTO: The U.S. flag and a smartphone with the Huawei and 5G network logo are seen on a PC motherboard in this illustration taken January 29, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

That could make it the most damaging U.S. attack yet against a Chinese company that U.S. officials told reporters Wednesday functioned as a “tool of strategic influence” for the Chinese Communist Party. Huawei Technologies Co Ltd for its part denounced the U.S. allegations and called the new measures “arbitrary and pernicious.”

Established in 2004, HiSilicon develops chips mostly for Huawei, and for most of its existence has been an afterthought in

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Top safety official at Waymo self-driving unit stepping down

WASHINGTON (Reuters) – Alphabet Inc’s Waymo self-driving unit said on Thursday that its chief safety officer, Debbie Hersman, was stepping down but would remain as a consultant to the company.

FILE PHOTO: Three of the fleet of 600 Waymo Chrysler Pacifica Hybrid self-driving vehicles are parked and displayed during a demonstration in Chandler, Arizona, November 29, 2018. REUTERS/Caitlin O’Hara

Hersman, the former chair of the U.S. National Transportation Safety Board (NTSB), joined the company in 2019 to oversee its product safety program.

“We can confirm that Debbie has decided to return to her family home on the east coast and will continue on as a consultant to Waymo,” the company said in a statement.

Waymo said Tracy Murrell, Waymo’s head of safety and sustainability, would be the company’s interim head of safety. The company said a search was under way for its next head of safety.

A Waymo spokeswoman praised

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Nvidia forecasts sales above estimates, powered by data center results

FILE PHOTO: The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake

(Reuters) – Nvidia Corp (NVDA.O) on Thursday forecast second-quarter revenue above analysts’ estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.

The company said the forecast includes a contribution from its $6.9 billion purchase of Israeli chip firm Mellanox Technologies Ltd, which strengthened its data center business.

The chipmaker said it expects current quarter revenue of $3.65 billion, plus or minus 2%, while analysts on average were expecting $3.29 billion, according to IBES data from Refinitiv.

Shares rose 0.4% in after-hours trading after the results were announced.

Much like rivals Intel Corp (INTC.O) and Advanced Micro Devices Inc (AMD.O), Nvidia recorded a jump

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Facebook’s Zuckerberg embraces remote work beyond Silicon Valley

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley.

FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing on Capitol Hill in Washington, U.S., October 23, 2019. REUTERS/Erin Scott

Zuckerberg said the world’s largest social network would start “aggressively opening up remote hiring” in July, expecting that about half its workforce would eventually do their jobs outside Facebook’s offices over the next five to 10 years.

The company would take a more “measured approach” with existing employees based on job function and past performance, he said, and set a January 1, 2021 deadline for staff to update the company on their new locations for tax purposes.

The move is the most significant yet

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