Qualcomm Inc

A Skylo base station in assembly.Skylo TechnologiesSilicon Valley space startup Skylo Technologies landed funding from the corporate venture arms of Intel, BMW and Samsung, as the company aims to bridge the gap between satellite and terrestrial communications.Skylo raised $37 million through an equity round, the company told CNBC, led by Intel Capital and Innovation Endeavors and joined by BMW i Ventures, Next47, Samsung Catalyst Fund and Seraphim Space. The raise brings Skylo's total equity fundraising to $153 million,…

SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event in Boca Chica Beach, Texas, on Aug. 25, 2022.Michael Gonzalez | Getty ImagesSpaceX successfully sent text messages via Starlink satellites using T-Mobile's network, it announced Wednesday, as Elon Musk's company aims to bring its direct-to-device cell service to market in the coming year.The recent test comes as major players pursue the market to connect unmodified phones directly to satellites, a nascent subsector of…

A Qualcomm sign is pictured at the Mobile World Congress in Shanghai.Aly Song | ReutersU.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday.Iridium stock fell more than 8% in after-hours trading from its close at $37.14 a shareThe company said that while the parties "successfully developed and demonstrated the technology," smartphone makers "have not included the technology in their devices," leading…

The US-based Semiconductor Industry Association trade group on Monday called on the Biden administration to "refrain from further restrictions" on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China policy.The statement came as the Biden administration considers updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment. Reuters reported…

BYD Vice President Yang Dongsheng speaks at a launch event for the Denza N7 electric SUV on July 3, 2023, in Beijing.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese electric car giant BYD is launching a new electric SUV, its most direct competitor yet to Tesla's Model Y.BYD's Denza brand said Monday evening it received more than 20,000 pre-orders for its N7 all-electric SUV, and announced a price range of 301,800 yuan to 379,800 yuan ($41,680 to $52,452).That rivals Tesla's Model Y, whose latest prices range from…

When Asia's biggest computing and electronics show kicked off this week, one name was conspicuously absent: Intel Corp. The US chipmaker does not have an official presence at this year's Computex exhibition, an event it once dominated through keynote speeches and an outsized footprint on the show floor. The 2023 edition opened instead with a marathon two-hour showcase by Nvidia Corp. Chief Executive Officer Jensen Huang, a day before it became the first $1 trillion chipmaker in anticipation of a wave of demand for its…

Chinese tourists walk past an installation depicting Taiwan (R) and mainland China at a tourist area on Pingtan island, the closest point to Taiwan, in China's southeast Fujian province on April 6, 2023.Greg Baker | AFP | Getty ImagesFraying U.S.-China relations and rising tensions over Taiwan have influential business leaders such as Elon Musk and Warren Buffett sounding alarms about a possible invasion – a matter that will likely loom over the 2024 election.China is already bound to be a major issue in the U.S. campaign…

Qualcomm Inc on Wednesday forecast third-quarter revenue and profit below Wall Street estimates, saying the smartphone industry would take longer to use up excess chips before fresh orders flow in. Shares of the chip designer fell nearly 7% in extended trading after it said its forecast also accounted for macroeconomic headwinds and weaker global sales of handsets. While Qualcomm hopes smartphone sales will recover in China in the second half of the year, CEO Cristiano Amon told investors on a conference call that "we…

Artificial intelligence chips from Qualcomm Inc beat Nvidia Corp in two out of three measures of power efficiency in a new set of test data published on Wednesday, while a Taiwanese startup bested both in one category. Nvidia dominates the market for training AI models with huge amounts of data. But after those AI models are trained, they are put to wider use in what is called "inference" by doing tasks like generating text responses to prompts and deciding whether an image contains a cat. Analysts believe that the market…

Adobe Inc said on Thursday it had signed a deal with semiconductor Qualcomm Inc as a customer for its cloud-based marketing software. Once best known for tools like Photoshop used to create websites and digital marketing materials, Adobe has expanded its business to include software for managing those materials and tracking how well they work at bringing customers in the door. The subscription-based marketing software helped Adobe become one of the few software companies founded in the 1980s to navigate the transition to…