intel

SAIC to Buy Rival Engility for USD 1.5 Billion

SAIC to Buy Rival Engility for USD 1.5 Billion

Science Applications International Corp. (NYSE: SAIC) said on Monday it will acquire Engility Holdings, Inc. (NYSE: EGL) for USD 1.5 Billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.E..

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc Earnings outperforms Earnings Estimate

Palo Alto Networks, Inc. (NYSE: PANW), an entity of Zacks Security industry, announced fiscal Q4 earnings of 1.28 per share, outperforming the Zacks Consensus Estimate of USD 1.17. The cybersecurity firm which specializes in advanced firewall protec..

Synopsys Tops Q3 Earnings and Revenue Estimates

Synopsys Tops Q3 Earnings and Revenue Estimates

Synopsys Inc. (NASDAQ: SNPS) reported better-than-expected quarterly results and forecast fourth-quarter results above Wall Street estimates on Wednesday, as the maker of chip design software benefits from rising demand from semiconductor clients.Th..

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Google Walks Away From America's Security

Google Walks Away From America's Security

Alphabet Inc (NASDAQ: GOOGL) decision to not renew a contract to acquire artificial intelligence for the Defense Department benefited the employees who protested it. It also was a downfall for U.S. national security, patriotism, and the cause of lim..

Tech Stocks Slip on Asian Chip Manufacturers Lowered Guidance

Tech Stocks Slip on Asian Chip Manufacturers Lowered Guidance

Major Asian chip manufacturer, Taiwan Semiconductor Manufacturing (NYSE: TSM) reported weaker than expected financial results for its first quarter results, which led to it lowering its second quarter and full year guidance. The downgrade caused a s..

Escalating Trade Tensions Leads China to Threaten with New Tariffs

Escalating Trade Tensions Leads China to Threaten with New Tariffs

China warned on Friday that it would fight back “at any cost” with countermeasures in response to the U.S.’s tariffs, after President Donald Trump threatened to increase tariffs on Chinese goods by an additional $100 billion.&ldquo..