Technology

Reuters

Oct 27, 2022, 1:26 PM

Intel's Mobileye files for listing in first sign of thawing tech IPO market

Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.

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  Reuters | Oct 27, 2022

  Musk Says Excited By Twitter Deal Despite Overpaying

  Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.

  1 min read
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  Reuters | Oct 27, 2022

  Boosting EU Chip Supplies, STMicroelectronics Plans New Plant In Italy

  As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.

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  Reuters | Oct 26, 2022

  As EV Sales Grow, Battle Over U.S. Road Weight Limits Heats Up

  Even before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.

  4 mins read
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  Reuters | Oct 26, 2022

  Explainer-What Is An 'Everything App' And Why Does Elon Musk Want To Make One?

  The concept of an everything app, often referred to as a "super app," is massively popular in Asia and tech companies across the world have tried to replicate it.

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  Sahil Gupta | Oct 26, 2022

  XPeng Showcases Flying Car At Tech Day Event In China

  XPeng has been touted as the Tesla of China and it has showcased capabilities that are similar to the American giant

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  Sahil Gupta | Oct 26, 2022

  Elon Musk Admits That Tesla Will Not Get Approval For Self-Driving Cars

  Elon Musk has finally admitted that Tesla wouldn't be getting a driverless car permit anytime soon.

  1 min read
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  Reuters | Oct 25, 2022

  Apple Supplier Foxconn 'Cautiously Optimistic' About Q4 Outlook

  Foxconn said it was "cautiously optimistic" about its fourth-quarter revenue outlook after reporting record-breaking September sales.

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  Reuters | Oct 25, 2022

  Mobileye IPO Not Capital Raise, But Market Entry -Intel CEO

  Intel's CEO Pat Gelsinger said the initial public offering of its self-driving tech company Mobileye was not a capital raise, but more of an entry into the market.

  1 min read