Latest Computer hardware manufacturing News

China criticizes US chip law as threat to trade

Aug. 10, 2022 08:16 AM EDT

BEIJING (AP) — China on Wednesday criticized a U.S. law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business. The law signed this week by President Joe Biden promises $52 billion in...

Japan's Toshiba boosts profit on devices, auto sector demand

Aug. 10, 2022 04:41 AM EDT

TOKYO (AP) — Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management. Tokyo-based Toshiba Corp. said Wednesday that it recorded a 25.9 billion yen ($192 million)...

Japan's Honda sees declining profits on semiconductor crunch

Aug. 10, 2022 04:02 AM EDT

TOKYO (AP) — Honda’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit...

Biden, Democrats bet on long-term goals for short-term boost

Aug. 09, 2022 18:20 PM EDT

WASHINGTON (AP) — President Joe Biden’s legislative victories have aimed to position the U.S. to “win the economic competition of the 21st century,” but his investments to boost the nation’s technology, infrastructure and climate resilience over the next decade are set against a...

Taiwan cancels flights as China holds military drills

Aug. 04, 2022 06:26 AM EDT

BEIJING (AP) — Taiwan canceled airline flights Thursday as China fired missiles near the self-ruled island in retaliation for a top American lawmaker’s visit, adding to the risk of disruptions in the flow of Taiwanese-made processor chips needed by global telecom and auto industries. ...

Toyota profit down as chips shortage keeps customers waiting

Aug. 04, 2022 02:18 AM EDT

TOKYO (AP) — Toyota’s profit fell nearly 18% in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan’s top automaker. Toyota Motor Corp. reported Thursday a quarterly profit of 736.8 billion yen...

Editorial Roundup: Ohio

Aug. 01, 2022 13:44 PM EDT

Cleveland Plain Dealer. July 29, 2022. Editorial: Gerrymandered board of education districts do not accord with Ohio law and should be revised: editorial Ohio voters created the State Board of Education in 1953. As the law is currently constituted, 11 of the board’s...

Amazon, Chevron rise; Roku, Intel fall

Jul. 29, 2022 16:19 PM EDT

Stocks that traded heavily or had substantial price changes Friday: Chevron Corp., up $13.39 to $163.78. The oil company racked up record quarterly profits in the second quarter amid high oil and gas prices. Roku Inc., down $19.65 to $65.52. ...

Tennessee back-to-school sales tax-free weekend kicks off

Jul. 29, 2022 04:13 AM EDT

NASHVILLE, Tenn. (AP) — Tennessee is starting a sales tax-free weekend that covers back-to-school needs such as clothing, school supplies and computers. The sales tax holiday runs from Friday through Sunday. It includes general clothing items that cost less than $100 each. School...

Apple still thriving as economy slows, despite 3Q profit dip

Jul. 28, 2022 18:19 PM EDT

BERKELEY, Calif. (AP) — Apple’s profit slipped during the past quarter, but the world’s largest technology company is holding up better than many of its peers as the economy teeters on the edge of a recession. While grappling with manufacturing headaches and inflation...