EU opens tender for EUR 10 bln in funding for AI gigafactories
The EU has finally opened the tender for public funding to build AI gigafactories. Following strong interest in the initial interest round last year, it has increased the number of sites that will receive funding to seven in total. Along with matching funds from member states, the EU aims to mobilise over EUR 10 billion in public funding to support the projects and create a leading computing infrastructure for the most advanced AI development. It expects this could mobilise another EUR 20 billion in private
EU opens tender for EUR 10 bln in funding for AI gigafactories
The EU has finally opened the tender for public funding to build AI gigafactories. Following strong interest in the initial interest round last year, it has increased the number of sites that will receive funding to seven in total. Along with matching funds from member states, the EU aims to mobilise over EUR 10 billion in public funding to support the projects and create a leading computing infrastructure for the most advanced AI development. It expects this could mobilise another EUR 20 billion in private
Samsung, Apple strengthen lead as global smartphone market contracts 6% in Q2
Omdia has downgraded its estimate for global smartphone shipments in the second quarter, putting the market drop at 6 percent year-on-year compared to an estimated 4 percent decline announced earlier this month. In total 272.0 million units were shipped in Q2 2026, according to the market researcher. Demand seen in Q1 in anticipation of memory price hikes has disappeared, and the impact of the higher chip costs is now flowing through the market. Samsung and Apple have done best at withstanding the market ef
Samsung, Apple strengthen lead as global smartphone market contracts 6% in Q2
Omdia has downgraded its estimate for global smartphone shipments in the second quarter, putting the market drop at 6 percent year-on-year compared to an estimated 4 percent decline announced earlier this month. In total 272.0 million units were shipped in Q2 2026, according to the market researcher. Demand seen in Q1 in anticipation of memory price hikes has disappeared, and the impact of the higher chip costs is now flowing through the market. Samsung and Apple have done best at withstanding the market ef
Italy proposes free spectrum renewal to 2037 for 5G SA investment
Italy's communications regulator Agcom has opened a third and final public consultation on renewing mobile spectrum rights due to expire on 31 December 2029, proposing a free extension to 31 December 2037 in exchange for binding investment and wholesale access commitments. The measure covers the 800, 900, 1500, 1800, 2100, 2600 and 3400-3600 MHz bands, as well as fixed-wireless spectrum at 28 GHz. Consultation responses from operators, public institutions and other stakeholders are due by 05 October, after
Italy proposes free spectrum renewal to 2037 for 5G SA investment
Meta profits fall in Q2 on rising costs for lawsuits and lay-offs
Meta reported a fall in profits for the second quarter, hurt by one-time costs for lay-offs and legal cases. While revenues were up 28 percent year-on-year to USD 60.8 billion, in line with its forecast, operating profit fell 8 percent to USD 18.8 billion, after a 55 percent jump in operating costs. The company's net profit fell 14 percent to USD 15.8 billion.
Meta profits fall in Q2 on rising costs for lawsuits and lay-offs
Telecom Italia revenues climb 5.7% in Q2, returns to net profit
Telecom Italia (TIM) reported revenues of EUR 3.5 billion in the second quarter of 2026, up 5.7 percent year on year, thanks to the performance of TIM Brasil (+5.5%) and TIM Enterprise (+7.9%), again offsetting domestic decline (-2.4%). The group's earnings before interest, tax, depreciation and amortisation after lease costs (EBITDA-AL) climbed 4.5 percent to EUR 998 million, with the group also posting a net profit of EUR 88 million for the three months to 30 June following net losses of EUR 292 million i
Telecom Italia revenues climb 5.7% in Q2, returns to net profit
Qualcomm net profit falls 25% on smartphone market slump
Qualcomm reported lower results for its fiscal third quarter to June, as its expansion into new markets was unable to offset the slowdown in smartphone demand. Revenues declined 4 percent year-on-year to USD 9.95 billion, in line with the company's forecast, and pretax profit fell 17 percent to USD 2.46 billion. The company's net profit was down 25 percent to USD 2.00 billion.
Qualcomm net profit falls 25% on smartphone market slump
Microsoft beats Q4 outlook with revenues up 18%, sees more double-digit growth ahead
Microsoft again reported better-than-expected quarterly results, with revenues for the three months to June up 18 percent year-on-year to USD 90.0 billion. Operating profit also rose 18 percent, to EUR 40.6 billion, and net profit jumped 31 percent to USD 35.8 billion, helped by a large gain of USD 3.2 billion on its stake in Anthropic.
Microsoft beats Q4 outlook with revenues up 18%, sees more double-digit growth ahead
Singtel confirms Optus stake talks following Morrison bid reports
Singtel has confirmed it is in discussions with potential investors regarding the sale of a minority stake in Optus, responding to media speculation after reports that New Zealand infrastructure investor Morrison is pursuing a significant investment in Australia's second-largest operator. In a filing to the Singapore Exchange, Singtel said it was "currently in discussions with interested parties" but stressed there was "no certainty or assurance" that any transaction would proceed. The operator said it woul
Singtel confirms Optus stake talks following Morrison bid reports
Samsung posts record Q2 as chip boom masks losses across devices
Samsung Electronics reported record second-quarter revenue and operating profit, with its semiconductor business generating almost all of the group's earnings while its device businesses, comprising mobile, networks, TVs and appliances, swung to combined losses. The company reported quarterly revenue of KRW 171.5 trillion and operating profit of KRW 89.5 trillion, both record highs. That compares to results of respectively KEW 74.6 trillion and KRW 4.7 trillion in the year-earlier period.
Samsung posts record Q2 as chip boom masks losses across devices
Arm posts record Q1 as AI data centre demand offsets smartphone weakness
Arm Holdings reported record first-quarter licensing and royalty revenue as AI infrastructure demand continued to accelerate, although its shares fell after management said smartphone weakness and rising memory prices would slow royalty growth, trimming its full-year royalty growth outlook to the high teens from around 20 percent, despite issuing second-quarter revenue guidance above market expectations.
Arm posts record Q1 as AI data centre demand offsets smartphone weakness
New trustees appointed at BBC's international charity
The BBC has announced the appointment of eight new trustees at its international charity, BBC Media Action (formerly BBC World Service Trust). The new trustees have over 200 years of experience in global philanthropy, media, technology and business. The charity supports over 400 media outlets worldwide, including in Asia, Africa, Central Asia, Eastern Europe and the Pacific - helping them provide information and storytelling to 250 million people. They join a board chaired by Rhodri Talfan Davies, BBC Deput
