Industrial Goods

Metaverse. Metaverse. Metaverse.Say it three times fast, and you’ll still be confused about the promise of this much-hyped digital world where we’ll apparently work, hang out and more.Yet Peggy Johnson, chief executive of Magic Leap, can see it clearly. She doesn’t even have to put on the company’s high-tech headset.…

HONG KONG—Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion.Several major companies are curtailing shipments in Russia, where Chinese tech firms dominate the market for many products, without making any public announcements, according to interviews with people familiar with the matter. They include PC giant Lenovo Group Ltd. and smartphone and gadget maker Xiaomi Corp., the…

WASHINGTON— Nvidia Corp. NVDA -0.90% has agreed to pay $5.5 million to settle a regulatory investigation that found it didn’t adequately reveal the impact of cryptomining on its sales of powerful chips designed for computer gaming. The Securities and Exchange Commission said Nvidia’s sales of its graphics processing units, or GPUs, were materially boosted in its 2018 fiscal year by consumers who bought them to mine new units of…

The drought in chip availability that has hit auto production, raised electronics prices and stoked supply-chain worries in capitals around the globe has a new pain point: a lack of chips needed for the machines that make chips, industry executives say.The wait time it takes to get machinery for chip-making—one of the world’s most complex and delicate kinds of manufacturing—has extended over recent months. Early in the pandemic it took months from placing an order to receiving the equipment. That time frame has stretched…

By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this year after its revenue climbed 70% last quarter as people continued to book suburban rentals despite hosts raising prices.The San Francisco company posted $1.5 billion in revenue in the three months through March. Analysts polled by FactSet on average had predicted $1.45 billion in revenue. By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnbsaid it expects to post its first full-year net profit this year…

Hovering in the sky above Ukraine are hundreds of small drones from U.S. startups, searching for survivors in war-pummeled cities and Russian hide-outs in the scarred landscape.Those startups, including Seattle-based BRINC Drones Inc. and Silicon Valley’s Skydio Inc., are rushing to fill a gap in Ukraine after government officials called out products supplied by Chinese company SZ DJI Technology Co., the world’s largest commercial drone maker, as a security risk for Ukraine’s military and civilians. Ukrainian…

AURORA, Colo.—Ukrainian forces hunting Russian tanks and tracking troop movement are being aided by imagery from a growing number of commercial spy satellites, giving Kyiv access to intelligence once the domain of only a few governments.Russian President Vladimir Putin’s attack on his neighbor has coincided with a boom in the number and sophistication of commercial surveillance satellites, with hundreds now in orbit. Company officials say they are streaming data to the U.S. and allied governments, sometimes directly to…