Tag Archives: CNBC

AMD expects $800 million hit from U.S. chip restrictions on China

Advanced Micro Devices said it could incur charges of up to $800 million for exporting some products to China and other countries.

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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

The chipmaking sector offered up fresh signs that President Donald Trump’s sweeping tariff plans could hamper demand.

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Lyft to buy taxi app Free Now for $200 million to expand into Europe

The acquisition — Lyft’s first in Europe — is expected to close in the second half of 2025.

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Google faces £5 billion lawsuit in the UK for abusing ‘near-total dominance’ in search

A class action lawsuit filed Tuesday in the U.K. Competition Appeal Tribunal claims Google abused its position to restrict competing search engines.

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Critical chip firm ASML flags tariff uncertainty after net bookings miss

ASML reported net bookings of 3.94 billion euros ($4.47 billion) for the first quarter, versus a Reuters reported forecast of 4.89 billion euros.

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Google receives cease and desist order from Japan’s antimonopoly watchdog over unfair practices

Japan’s antimonopoly watchdog has issued a cease and desist order against Google for unfair trade practices regarding search services for its Android devices.

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Nvidia says it will record $5.5 billion charge tied to H20 processors exported to China

Nvidia will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations.

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Figma confidentially files for IPO more than a year after ditching Adobe deal

Figma, whose software is widely used among app designers, appears headed for the public market after abandoning a tie-up with Adobe in 2023.

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Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial

Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018, according to an email presented Tuesday in the FTC’s antitrust trial against the company.

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Amazon emails sellers to gauge how Trump’s tariffs are impacting their businesses

Amazon asked third-party sellers how the “current U.S. tariff situation” has affected sourcing and pricing, logistics and plans to ship goods into warehouses.

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