Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
Microsoft cuts Russia operations due to Ukraine invasion – Bloomberg News
Microsoft Corp (MSFT.O) is substantially cutting its business in Russia in response to Moscow’s invasion of Ukraine, Bloomberg News reported on Wednesday.
Chipmaker Broadcom in talks to buy VMware
Broadcom Inc (AVGO.O) is in talks to acquire cloud service provider VMware Inc (VMW.N) in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said.
Dell expects PC backlog to balloon in Q1 amid supply chain snarls
Dell Technologies Inc (DELL.N) said on Thursday it expects PC backlog to balloon in the first quarter due to supply chain constraints and reported a quarterly profit miss, sending its shares down 7% in extended trading.
U.S. business borrowing for equipment rises 2% in January – ELFA
U.S. companies borrowed 2% more in January to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Wednesday, as firms ramp-up production to meet demand.
