Latest Technology News

AMD acquires Xilinx in $35 billion deal to create massive Silicon Valley chip maker

Oct. 27, 2020 6:44 AM EDT
NEW YORK (AP) — AMD acquires Xilinx in $35 billion deal to create massive Silicon Valley chip maker.
In this Friday, Oct. 23, 2020, photo, the figure of the Ant Group's mascot is displayed at the office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. (AP Photo/Kin Cheung)

Here's why Ant Group is about to shatter IPO records

Oct. 27, 2020 6:35 AM EDT

HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when...

FILE - In this May 16, 2007, file photo, a Taiwanese navy frigate launches a

Taiwan says new arms purchases to boost credible defense

Oct. 27, 2020 5:15 AM EDT

TAIPEI, Taiwan (AP) — Taiwan said Tuesday that recently proposed purchases of U.S. missiles and other arms systems will boost the island’s ability to credibly defend itself amid rising threats from China. The comments from defense ministry spokesperson Shih Shun-wen came a day after China said it...

Judge refuses to block 'No Boycott of Israel' measure

Oct. 26, 2020 6:40 PM EDT

COLLEGE PARK, Md. (AP) — A federal judge on Monday threw out a lawsuit in which a Muslim civil rights group sought to block the state of Maryland from enforcing its ban on contracting with businesses that boycott Israel. U.S. District Judge Catherine Blake didn't reach a decision on whether the executive...

In this Oct. 7, 2020 photo, chef Sohla El-Waylly prepares Swedish meatballs during a taping of

'Babish' expands as pandemic boosts YouTube cooking shows

Oct. 26, 2020 10:27 AM EDT

NEW YORK (AP) — Mac and cheese, 18th-century style. A seven-course meal using only ingredients from a convenience store. A meal that is literally on fire. Four episodes into her new YouTube show, “Stump Sohla,” part of the expanding “Babish Culinary Universe" channel, Sohla El-Waylly...

FILE - This July 20, 2020, file photo, shows, the app for Alipay, the mobile payments service operated by Ant Group, on a smartphone in Beijing. China’s Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.  (AP Photo/Ng Han Guan, File)

Chinese fintech could shatter records with $35B share offer

Oct. 26, 2020 10:26 AM EDT

HONG KONG (AP) — The world’s largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet...

FILE - In this June 10, 2019, file photo, an American flag flies in front of the facade of Raytheon's Integrated Defense Systems facility, in Woburn, Mass. China's government said Monday, Oct. 26, 2020, it will impose sanctions on U.S. military contractors including Boeing Co.'s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing's strategic ambitions. (AP Photo/Elise Amendola, File)

Spokesman: China to sanction US arms suppliers to Taiwan

Oct. 26, 2020 6:02 AM EDT

BEIJING (AP) — China's government said Monday it will impose sanctions on U.S. military contractors including Boeing Co.'s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing's strategic ambitions. Raytheon Technologies...

Germany's Bayer to buy US gene therapy specialist AskBio

Oct. 26, 2020 4:45 AM EDT

BERLIN (AP) — German health care company Bayer said Monday it is buying Asklepios BioPharmaceutical, a U.S.-based firm specializing in gene therapy, in a deal worth up to $4 billion. Bayer said it will pay $2 billion up front for privately held AskBio plus “potential success-based milestone...

A woman wearing a face mask to help curb the spread of the coronavirus browses her smartphone as a masked woman walks by the Huawei retail shop promoting it 5G network in Beijing on Oct. 11, 2020. Chinese leaders are meeting to formulate an economic blueprint for the next five years that is expected to emphasize development of semiconductors and other technology amid a feud with Washington that is cutting off access to U.S. components for China's fledgling tech industries. (AP Photo/Andy Wong)

Chinese leaders focus on tech as they make 5-year plan

Oct. 26, 2020 3:04 AM EDT

BEIJING (AP) — Chinese leaders met Monday to formulate an economic blueprint for the next five years that is expected to emphasize development of semiconductors and other technology at a time when Washington is cutting off access to U.S. technology. President Xi Jinping’s government is working to...

FILE - In this July 6, 2011, file photo, Samsung Chairman Lee Kun-hee, right, greets people from the South Korean delegation in Durban, South Africa, for the 123rd International Olympic Committee (IOC) session that will decide the host city for the 2018 Olympics Winter Games. Lee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died, a Samsung statement said Sunday, Oct. 25, 2020. He was 78. (AP Photo/Schalk van Zuydam, File)

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

Oct. 25, 2020 8:38 PM EDT

SEOUL, South Korea (AP) — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday. He was 78. Lee died with his family members by his side,...