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Technology sector
China blocks use of Intel and AMD chips in government computers
...China was Intel’s largest market last year, providing 27 per cent of its $54bn in sales and 15 per cent of AMD’s $23bn in sales....
March 24, 2024
Executive Pay
AstraZeneca’s Soriot ‘massively underpaid’ at £16.9mn, says top shareholder
...Meanwhile, medical devices company Smith & Nephew wants to increase pay for its US executives to bring it closer to American levels....
April 9, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Semiconductors
Japanese chipmaker Renesas steps up deal spree with $5.8bn Altium bid
...The acquisition, if completed in the second half as predicted, would be one of the largest takeovers of an Australian tech company and mean another delisting of a large ASX-listed business after the sale...
February 15, 2024
Johnson & Johnson Co Inc
Johnson & Johnson buys device maker Shockwave for $13.1bn
...Johnson & Johnson has struck a deal to buy medical device maker Shockwave Medical for $13.1bn, as the healthcare giant puts cash to work from the spin-off of its consumer health arm to pursue acquisitions...
April 5, 2024
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
April 15, 2024
Apple Inc
Apple halts US sales of Watch before Christmas after losing patent case
...A US judge found in January that a headline feature of Apple’s latest watches, a blood oxygen sensor, infringed patents owned by medical device maker Masimo....
December 18, 2023
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
Royal Philips NV
Philips halts sleep apnoea device sales in US after FDA deal
...The deal comes after Philips said last year it was anticipating more than $600mn of legal costs in the US arising from the millions of potentially faulty medical devices, and had set aside €575mn to resolve...
January 29, 2024
Apple Inc
Apple removes WhatsApp and Threads from China store under pressure from Beijing
...Apple has suffered falling smartphone sales in China, where it faces increased competition from Huawei in the premium segment of the market and a crackdown on the use of its devices by government employees...
April 19, 2024
Inside BusinessRichard Waters
Apple Watch battle heralds further patent wrangles
...The ITC last year issued another import ban against the device after a complaint from medical equipment maker AliveCor....
December 21, 2023
News updates from March 20: Fed signals 75 bps of 2024 cuts; Reddit prices shares at top end of IPO range
Risers and fallers in Europe
...Johnson Matthey: Shares in the London-listed chemicals producer were up 8 per cent after the company said it was selling its medical device components business to Montagu Private Equity for $700mn....
March 20, 2024
Apple Inc
Apple fails to win reprieve over US Watch sales ban
...The ruling deals a blow to Apple, which is facing a slowdown in hardware sales this year....
December 26, 2023
LexRoyal Philips NV
Philips: suspect device prompts night terrors for investors Premium content
...Dutch medical equipment group Philips hardly qualifies. Devices to manage sleep disorders are giving its shareholders nightmares....
November 29, 2023
FT CollectionsTech Exchange
Cristiano Amon: generative AI is ‘evolving very, very fast’ into mobile devices
...TB: The industry needs something to spur sales because it’s a mature market now. It’s been a tough couple of years for the smartphone makers....
January 4, 2024
Apple Inc
Apple’s revenue growth clouded by worries about China slowdown
...Chief executive Tim Cook on Thursday credited the solid earnings report to iPhone sales, which rose 6 per cent to $69.7bn, and an “all-time revenue record in services”, as the number of active Apple devices...
February 2, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Wang Chunru, a member of China’s top political advisory body, the Chinese People’s Political Consultative Conference, said he was using a Huawei device....
March 10, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
LexArtificial intelligence
The latest AI gadget frenzy wants to do away with phones Premium content
...Dozens of internet-connected devices are now described as powered by artificial intelligence....
January 18, 2024
Apple Inc
Apple Watch sales ban can resume, US appeals court rules
...It casts further uncertainty over when sales of the two products — which were released in September — can resume, even as Apple faces concerns over the strength of its hardware sales....
January 18, 2024
News in-depthConservative Party UK
How a start-up boss now pursued by his investors gained access to Sunak
...eXciteOSA has approval for sale in the US by the US Food and Drug Administration and Signifier has talked up the prospect of selling the device to the NHS....
February 29, 2024
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...Global smartphone sales have slowed in the last year. Apple is specifically struggling with a decline in sales for the devices in China that has left investors skittish....
March 22, 2024
Apple Inc
Apple to sell Vision Pro in US next month
...Analysts have been cautious in their expectations of Vision Pro sales. In a note in December, UBS analysts said the device would initially have a “limited financial impact”....
January 8, 2024
Apple Inc
Apple tops Samsung as world’s largest smartphone maker by volume
...The unusual move, which follows declining sales in the region in recent quarters, comes as local rivals including Huawei gained share....
January 16, 2024
News in-depthApple Inc
Apple’s Vision Pro will test Tim Cook’s legacy as an innovator
...Taking the minimum price tag, this would equate to roughly $1.4bn in sales, minuscule compared with the $200bn in iPhone sales in the year to the end of September....
February 1, 2024
Apple Inc
Apple cancels secretive electric car project in shift to focus on AI
...This month Apple released its new spatial computing headset, the Vision Pro, and has been spending on new chips and employees as it prepares to bring AI features to its devices....
February 27, 2024
LexRenesas Electronics Corp
Renesas’s shopping spree shows concerns about Japan Inc’s dealmaking Premium content
...Renesas will pay A$68.50 ($44.53) a share for Altium, which had sales of $263mn for the year to June, a premium of over a third to its Wednesday closing price....
February 15, 2024
Inside BusinessRichard Waters
Apple’s slow-burn approach to products
...It arrives to unusually low sales expectations for a landmark product from a company with a reputation for defining important new consumer tech markets....
January 25, 2024

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