Latest news with #Qualcomm
The Star
8 minutes ago
- Business
- The Star
Intel beats shareholder lawsuit over $32 billion stock plunge
(Reuters) -A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she "understands plaintiffs' frustrations," U.S. District Judge Trina Thompson in San Francisco ruled on Wednesday that Intel did not wait too long to reveal a $7 billion fiscal 2023 operating loss in its foundry business. Intel's stock price sank 26% last August 2, one day after the chipmaker announced more than 15,000 layoffs and suspended its dividend, hoping to save $10 billion in 2025. The Santa Clara, California-based company created the foundry business in 2021 to serve customers including and Qualcomm, while still making chips and wafers for internal use. In a 21-page decision, Thompson said Intel made clear that foundry results would be "obscured" until 2024, meaning its earlier financial reporting was not false and misleading. Thompson also cited an "overarching policy consideration" that because Intel's public statements suggested a "trial-and-error" approach to the foundry business, the company could have faced risks from reporting preliminary, unaudited data. The judge dismissed an earlier version of the lawsuit in March. Wednesday's dismissal was with prejudice, meaning the shareholders cannot sue again. A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she "understands plaintiffs' frustrations," U.S. District Judge Trina Thompson in San Francisco ruled on Wednesday that Intel did not wait too long to reveal a $7 billion fiscal 2023 operating loss in its foundry business. Intel's stock price sank 26% last August 2, one day after the chipmaker announced more than 15,000 layoffs and suspended its dividend, hoping to save $10 billion in 2025. The Santa Clara, California-based company created the foundry business in 2021 to serve customers including and Qualcomm, while still making chips and wafers for internal use. In a 21-page decision, Thompson said Intel made clear that foundry results would be "obscured" until 2024, meaning its earlier financial reporting was not false and misleading. Thompson also cited an "overarching policy consideration" that because Intel's public statements suggested a "trial-and-error" approach to the foundry business, the company could have faced risks from reporting preliminary, unaudited data. The judge dismissed an earlier version of the lawsuit in March. Wednesday's dismissal was with prejudice, meaning the shareholders cannot sue again. A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she "understands plaintiffs' frustrations," U.S. District Judge Trina Thompson in San Francisco ruled on Wednesday that Intel did not wait too long to reveal a $7 billion fiscal 2023 operating loss in its foundry business. Intel's stock price sank 26% last August 2, one day after the chipmaker announced more than 15,000 layoffs and suspended its dividend, hoping to save $10 billion in 2025. The Santa Clara, California-based company created the foundry business in 2021 to serve customers including and Qualcomm, while still making chips and wafers for internal use. In a 21-page decision, Thompson said Intel made clear that foundry results would be "obscured" until 2024, meaning its earlier financial reporting was not false and misleading. Thompson also cited an "overarching policy consideration" that because Intel's public statements suggested a "trial-and-error" approach to the foundry business, the company could have faced risks from reporting preliminary, unaudited data. The judge dismissed an earlier version of the lawsuit in March. Wednesday's dismissal was with prejudice, meaning the shareholders cannot sue again. Intel had been accused of inflating its stock price from January 25 to August 1, 2024. Lawyers for the shareholders did not immediately respond to requests for comment on Thursday. Intel and its lawyers did not immediately respond to similar requests. Intel has struggled to compete with rival chipmakers such as Nvidia, Advanced Micro Devices, Samsung Electronics and Taiwan's TSMC. and benefit from growth in artificial intelligence. The company lost $18.8 billion in 2024, its first annual loss since 1986. The case is In re Intel Corp Securities Litigation, U.S. District Court, Northern District of California, No. 24-02683. Lawyers for the shareholders did not immediately respond to requests for comment on Thursday. Intel and its lawyers did not immediately respond to similar requests. Intel has struggled to compete with rival chipmakers such as Nvidia, Advanced Micro Devices, Samsung Electronics and Taiwan's TSMC. and benefit from growth in artificial intelligence. The company lost $18.8 billion in 2024, its first annual loss since 1986. The case is In re Intel Corp Securities Litigation, U.S. District Court, Northern District of California, No. 24-02683. Lawyers for the shareholders did not immediately respond to requests for comment on Thursday. Intel and its lawyers did not immediately respond to similar requests. Intel has struggled to compete with rival chipmakers such as Nvidia, Advanced Micro Devices, Samsung Electronics and Taiwan's TSMC, and benefit from growth in artificial intelligence. The company lost $18.8 billion in 2024, its first annual loss since 1986. The case is In re Intel Corp Securities Litigation, U.S. District Court, Northern District of California, No. 24-02683. (Reporting by Jonathan Stempel in New YorkEditing by Nick Zieminski)
The Hill
8 minutes ago
- Business
- The Hill
Forget trade wars — the future isn't about physical goods, but data, ideas and services
Despite a U.S.-driven trade war with China, voters turning to populism across the globe and the risk of a recession, reports of globalization's demise are — at least for now — overblown. Washington's trade hawks would do well to read the signs. True, that may seem like pie in the sky. Messages from Washington are all about reshoring and decoupling of trade. As President Trump's reciprocal tariffs aims to reindustrialize the American economy, his vision is one of the manufacture of cars and smartphones moving away from Asia to assembly lines of obedient workers in America. But the chief engine of the U.S. economy is no longer found in physical factories. Instead, it lies in intangible investments, such as research and development, software, organizational structures and intellectual capital. These immaterial assets eclipse physical capital such as machinery and equipment, now accounting for over 60 percent of corporate capital investment and, by some estimates, 90 percent of the S&P 500's market value. This has led to new patterns of globalization, defined by invisible items — data, ideas, modern services and cross-border teams. As trade in physical goods began to sputter in the beginning of the 21st century, these invisible flows have soared over the past decade. They are largely immune to tariffs, decoupling and attacks of populist politicians. Even with chips nearshored, global U.S. companies like Qualcomm still earn a quarter of their profits by licensing ideas globally. Although the U.S. may start soon a full-blown trade war with the European Union, data flows between the two trade giants are set to soar in the next decade, according to the European Commission. And as U.S. multinationals exit China, they remain reliant on cross-border teams within these companies. Meanwhile, modern services trade has continued to grow by 10 percent well into 2024 without interruption. Contrary to common belief, intangible flows span both manufacturing and services. Take Coca-Cola. The multinational rarely produces any of its famous beverages anymore. Instead, it licenses its recipe to non-affiliated contract producers called bottlers, from whom it receives property income. Google runs on worldwide data flows to power its services globally. McKinsey predicts that by 2040, modern sectors such as cloud computing, shared autonomous vehicles, AI, space and biotechnology will account for 16 percent of global GDP, nearly double the share of today's leading sectors like industrial electronics and semiconductors, which currently make up 9 percent. These emerging sectors fuse manufacturing and services. These sectors are also rife with global intangible flows. Consider BioNTech's COVID-19 vaccine. The underlying mRNA technology was licensed from the biochemist Katalin Karikó. Cloud‑based trial data zipped across borders and Pfizer's partnership turbo‑charged the research and development and scale‑up. The same blueprint was later licensed to Moderna for its vaccine. Intangible flows like these are powering modern U.S. multinational production networks and their supply chains. Just as a quarter to half of the trade in U.S. goods in the 20th century occurred within multinationals, so too will U.S. intangible flows mostly take place within global firms this century. These new flows clash with Trump's trade narrative. For starters, the American economy is well positioned to benefit, as it holds strong comparative advantages in these emerging industries. Second, they don't fit with populist views on the evils of trade deficits. Data, for instance, transcends borders as a global commodity, contributing neither to a country's trade deficit nor surplus. U.S. cross-border research and development and global teams remain largely unnoticed as an international flow. But their output has surged by respectively 95 and 30 percent since 2009, boosting income at home. Meanwhile, the U.S. has held the world's largest trade surplus in modern services for years, backing both high- and low-skilled jobs at home. The overall U.S. trade deficit in goods is not the problem, but rather the byproduct of America's greatest modern globalization success. These new globalization flows are difficult to grasp, hard to monetize and challenging to rein in behind countries' borders. They do not rely on ships, airplanes and trucks, but instead on the internet, human minds and collaboration. The paradox is that they have continued to grow despite the ongoing global turmoil, and they could put the U.S. in the driver's seat this century. The outlook for globalization is more positive than the populist doomsayers in Washington are claiming. However, new intangible flows rely on attracting the world's top talent, without undermining universities; on maintaining a predictable environment for global business, without disregarding court rulings; and on avoiding questionable policy initiatives, without blindsiding allies. If the U.S. truly wants to capitalize on its strengths, policymakers should change their global engagement strategy and embrace the next wave of globalization before it's too late.
GSM Arena
8 minutes ago
- GSM Arena
Realme 15 Pro hands-on review
The Realme 15 Pro is the newest flagship in the company's numbered series. While previously that mantle would have been taken by the Pro+ model, this year the company has promoted the Pro to that role, while the non-Pro model will replace the 14 Pro from last year. With that out of the way, let's focus on what we are getting this year. As with previous years, the Realme 15 Pro puts focus on the camera and performance. We are getting a triple 50MP camera arrangement, with two on the back for wide and ultra-wide, and a third on the front for selfies. And powering the phone this year is the new Qualcomm Snapdragon 7 Gen 4, which will be making its debut on our benchmark graphs. Realme 15 Pro 5G specs at a glance: Body: 162.3x76.2x7.7mm, 187g; ; IP68/IP69 dust tight and water resistant (high pressure water jets; immersible up to 2m for 30 min), MIL-STD-810H compliant. 162.3x76.2x7.7mm, 187g; ; IP68/IP69 dust tight and water resistant (high pressure water jets; immersible up to 2m for 30 min), MIL-STD-810H compliant. Display: 6.80" OLED, 1B colors, 144Hz, 4608Hz PWM, 1800 nits (HBM), 6500 nits (peak), 1280x2800px resolution, 19.69:9 aspect ratio, 453ppi. 6.80" OLED, 1B colors, 144Hz, 4608Hz PWM, 1800 nits (HBM), 6500 nits (peak), 1280x2800px resolution, 19.69:9 aspect ratio, 453ppi. Chipset: Qualcomm SM7750-AB Snapdragon 7 Gen 4 (4 nm): Octa-core (1x2.8 GHz Cortex-720 & 4x2.4 GHz Cortex-720 & 3x1.8 GHz Cortex-520); Adreno 722. Qualcomm SM7750-AB Snapdragon 7 Gen 4 (4 nm): Octa-core (1x2.8 GHz Cortex-720 & 4x2.4 GHz Cortex-720 & 3x1.8 GHz Cortex-520); Adreno 722. Memory: 128GB 8GB RAM, 256GB 8GB RAM, 256GB 12GB RAM, 512GB 12GB RAM; UFS 3.1. 128GB 8GB RAM, 256GB 8GB RAM, 256GB 12GB RAM, 512GB 12GB RAM; UFS 3.1. OS/Software: Android 15, Realme UI 6.0. Android 15, Realme UI 6.0. Rear camera: Wide (main) : 50 MP, f/1.8, 24mm, 1/1.56", PDAF, OIS; Ultra wide angle : 50 MP, f/2.0, 116˚, 1/2.88", 0.61µm, fixed focus. : 50 MP, f/1.8, 24mm, 1/1.56", PDAF, OIS; : 50 MP, f/2.0, 116˚, 1/2.88", 0.61µm, fixed focus. Front camera: 50 MP, f/2.4, 87˚, 1/2.88", 0.61µm, fixed focus. 50 MP, f/2.4, 87˚, 1/2.88", 0.61µm, fixed focus. Video capture: Rear camera : 4K@30/60fps, 1080p@30/60/120fps, gyro-EIS, OIS; Front camera : 4K@30/60fps, 1080p@30/60fps. : 4K@30/60fps, 1080p@30/60/120fps, gyro-EIS, OIS; : 4K@30/60fps, 1080p@30/60fps. Battery: 7000mAh; 80W wired. 7000mAh; 80W wired. Connectivity: 5G; Wi-Fi 6; BT 5.4; NFC. 5G; Wi-Fi 6; BT 5.4; NFC. Misc: Fingerprint reader (under display, optical); stereo speakers. Other notable features include a 7000mAh battery with 80W fast charging, a 144Hz curved AMOLED display, IP69 dust and water resistance, and a bunch of new AI features, including a new voice-controlled image editor. Let's see how the Realme 15 Pro holds up in our testing. Unboxing The Realme 15 Pro comes in standard yellow Realme packaging. Inside, you will find the phone along with an 80W fast charger and a data cable. The box also includes a clear soft silicone case, which provides adequate protection. Page 2
Forbes
9 minutes ago
- Forbes
Realme 15 Pro Brings AI Party Tricks And 7,000mAh Battery For Under $400
Realme 15 Pro Realme has launched its latest number series phone, the Realme 15 Pro, in India. According to the company, it's the 'Ultimate AI Party Phone,' and to an extent, that checks out. It adds fun party tricks to an otherwise solid set of hardware. You get a big battery, plenty of power, and a comfortable design. Unlike the Nothing Phone 3, it doesn't try too hard to stand out, but again, like most AI tricks, the headline feature is gimmicky and probably won't see much use beyond the initial phase. But dig past the marketing glitter and there's a fairly well-balanced Realme 15 Pro underneath. The new Realme phone features a comfortable-to-hold design. The Flowing Silver color has a finish that 'replicates the silk's fluid drape.' It's a fashion-forward design but also ergonomic, thanks to curved edges, sides, and display. It's one of the few phones that still sports a curved screen and is rated IP69 for dust and water resistance. Realme 15 Pro display On the front, you get a 6.8-inch AMOLED display with a 144Hz refresh rate, a 1280 x 2800-pixel resolution, and a 94% screen-to-body ratio. It supports a 10-bit color gamut and 6,500 nits of peak brightness for HDR content. It won't hit that brightness outdoors, but the screen remains comfortably legible in bright daylight. The Realme 15 Pro is powered by Qualcomm's Snapdragon 7 Gen 4 SoC, paired with up to 12GB of LPDDR4x RAM and up to 512GB of storage. It runs Android 15 with ColorOS 15 on top and has a plethora of pre-installed apps, some of which are actually useful. Day-to-day usage is smooth and responsive. You get plenty of AI features, including the usual suite of AI photo editing and Gemini, as well as some performance optimizations for gaming and thermal stability. I haven't put all of Realme's claims to the test yet, but the company says these optimizations help the phone remain fast and cool under load. For instance, there's an 'AI Multi-Tasker' feature that keeps your most-used apps primed in the background. So theoretically, if you're switching between Maps and Instagram, they'll load almost instantly. Realme 15 Pro camera features The Realme 15 Pro sports a dual rear camera setup with a 50MP Sony IMX896 main sensor and a 50MP ultrawide-angle lens with a 115.6-degree field of view. On the front, you get another 50MP selfie shooter. The rear cameras sit in a triple-camera layout, but the third module is actually a sensor to help with Realme's AI party tricks. All three cameras can shoot 4K at 60fps, but surprisingly, Realme doesn't allow you to switch between the main and ultrawide lenses when shooting in 4K60. If you want to switch cameras during video, you'll need to record in 4K at 30fps. The aforementioned gimmicky features aren't always reliable, but they do work—sometimes. These include: Realme 15 Pro camera viewfinder The Realme 15 Pro packs a huge 7,000mAh battery inside a sub-188g, sub-7.7mm body, with support for 80W wired charging and bypass charging for gaming. It also has a 7000mm² vapor chamber, which is claimed to reduce high temperatures in intensive tasks by up to 20°C. During gaming, it's said to drop temps by 3.2°C. It will be available in four variants: 8GB + 128GB, 8GB + 256GB, 12GB + 256GB, and 12GB + 512GB. The base Realme 15 Pro model with 8GB RAM and 128GB storage is priced at INR 31,999 (approx. $370) and can be purchased for INR 28,999 (approx. $335) with bank offers.
Reuters
39 minutes ago
- Business
- Reuters
Intel beats shareholder lawsuit over $32 billion stock plunge
July 24 (Reuters) - A federal judge dismissed a lawsuit accusing Intel (INTC.O), opens new tab of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she "understands plaintiffs' frustrations," U.S. District Judge Trina Thompson in San Francisco ruled on Wednesday that Intel did not wait too long to reveal a $7 billion fiscal 2023 operating loss in its foundry business. Intel's stock price sank 26% last August 2, one day after the chipmaker announced more than 15,000 layoffs, opens new tab and suspended its dividend, hoping to save $10 billion in 2025. The Santa Clara, California-based company created the foundry business in 2021 to serve customers including (AMZN.O), opens new tab and Qualcomm (QCOM.O), opens new tab, while still making chips and wafers for internal use. In a 21-page decision, Thompson said Intel made clear that foundry results would be "obscured" until 2024, meaning its earlier financial reporting was not false and misleading. Thompson also cited an "overarching policy consideration" that because Intel's public statements suggested a "trial-and-error" approach to the foundry business, the company could have faced risks from reporting preliminary, unaudited data. The judge dismissed an earlier version of the lawsuit in March. Wednesday's dismissal was with prejudice, meaning the shareholders cannot sue again. A federal judge dismissed a lawsuit accusing Intel (INTC.O), opens new tab of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she "understands plaintiffs' frustrations," U.S. District Judge Trina Thompson in San Francisco ruled on Wednesday that Intel did not wait too long to reveal a $7 billion fiscal 2023 operating loss in its foundry business. Intel's stock price sank 26% last August 2, one day after the chipmaker announced more than 15,000 layoffs, opens new tab and suspended its dividend, hoping to save $10 billion in 2025. The Santa Clara, California-based company created the foundry business in 2021 to serve customers including (AMZN.O), opens new tab and Qualcomm (QCOM.O), opens new tab, while still making chips and wafers for internal use. In a 21-page decision, Thompson said Intel made clear that foundry results would be "obscured" until 2024, meaning its earlier financial reporting was not false and misleading. Thompson also cited an "overarching policy consideration" that because Intel's public statements suggested a "trial-and-error" approach to the foundry business, the company could have faced risks from reporting preliminary, unaudited data. The judge dismissed an earlier version of the lawsuit in March. Wednesday's dismissal was with prejudice, meaning the shareholders cannot sue again. A federal judge dismissed a lawsuit accusing Intel (INTC.O), opens new tab of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she "understands plaintiffs' frustrations," U.S. District Judge Trina Thompson in San Francisco ruled on Wednesday that Intel did not wait too long to reveal a $7 billion fiscal 2023 operating loss in its foundry business. Intel's stock price sank 26% last August 2, one day after the chipmaker announced more than 15,000 layoffs, opens new tab and suspended its dividend, hoping to save $10 billion in 2025. The Santa Clara, California-based company created the foundry business in 2021 to serve customers including (AMZN.O), opens new tab and Qualcomm (QCOM.O), opens new tab, while still making chips and wafers for internal use. In a 21-page decision, Thompson said Intel made clear that foundry results would be "obscured" until 2024, meaning its earlier financial reporting was not false and misleading. Thompson also cited an "overarching policy consideration" that because Intel's public statements suggested a "trial-and-error" approach to the foundry business, the company could have faced risks from reporting preliminary, unaudited data. The judge dismissed an earlier version of the lawsuit in March. Wednesday's dismissal was with prejudice, meaning the shareholders cannot sue again. Intel had been accused of inflating its stock price from January 25 to August 1, 2024. Lawyers for the shareholders did not immediately respond to requests for comment on Thursday. Intel and its lawyers did not immediately respond to similar requests. Intel has struggled to compete with rival chipmakers such as Nvidia (NVDA.O), opens new tab, Advanced Micro Devices (AMD.O), opens new tab, Samsung Electronics ( opens new tab and Taiwan's TSMC ( opens new tab. and benefit from growth in artificial intelligence. The company lost $18.8 billion in 2024, its first annual loss since 1986. The case is In re Intel Corp Securities Litigation, U.S. District Court, Northern District of California, No. 24-02683. Lawyers for the shareholders did not immediately respond to requests for comment on Thursday. Intel and its lawyers did not immediately respond to similar requests. Intel has struggled to compete with rival chipmakers such as Nvidia (NVDA.O), opens new tab, Advanced Micro Devices (AMD.O), opens new tab, Samsung Electronics ( opens new tab and Taiwan's TSMC ( opens new tab. and benefit from growth in artificial intelligence. The company lost $18.8 billion in 2024, its first annual loss since 1986. The case is In re Intel Corp Securities Litigation, U.S. District Court, Northern District of California, No. 24-02683. Lawyers for the shareholders did not immediately respond to requests for comment on Thursday. Intel and its lawyers did not immediately respond to similar requests. Intel has struggled to compete with rival chipmakers such as Nvidia (NVDA.O), opens new tab, Advanced Micro Devices (AMD.O), opens new tab, Samsung Electronics ( opens new tab and Taiwan's TSMC ( opens new tab, and benefit from growth in artificial intelligence. The company lost $18.8 billion in 2024, its first annual loss since 1986. The case is In re Intel Corp Securities Litigation, U.S. District Court, Northern District of California, No. 24-02683.
