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Category: Communications

  • Meta, TikTok score legal win against EU fee

    Meta, TikTok score legal win against EU fee

    Meta Platforms and TikTok on Wednesday won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech rules, but will receive no money back while officials reformulate the levy.

    Meta and ByteDance’s TikTok sued the European Commission after they were hit with a supervisory fee of 0.05% of their annual worldwide net income to cover the EU executive’s cost of monitoring their compliance with the Digital Services Act.

    The size of the annual fee is tied to the number of average monthly active users for each company and whether each posts a profit or loss in the preceding financial year. The two companies said the methodology was flawed, resulting in disproportionate fees.

    The Luxembourg-based General Court sided with Meta and TikTok, giving European Union regulators 12 months to fix their methodology using a different legal act.

    “That methodology… should have been adopted not in the context of implementing decisions but in a delegated act, in accordance with the rules laid down in the DSA,” judges said.

    They said regulators need not repay the 2023 fees paid by the companies for now, while they come up with a new legal basis for the methodology used to determine the size of the fee.

    The Commission said the court had confirmed that its fee methodology is sound and sees no issue with the principle of the fee nor the amount.
    “The Court’s ruling requires a purely formal correction on the procedure. We now have 12 months to adopt a delegated act to formalise the fee calculation and adopt new implementing decisions,” a Commission spokesperson said.

    The DSA, which entered into force in November 2022, requires very large online platforms to do more to tackle illegal and harmful content on their sites or risk fines as much as 6% of their annual global turnover.

    Other companies required to pay the supervisory fee include Amazon, Apple, Booking.com, Google, Microsoft, Elon Musk’s X social media platform, Snapchat and Pinterest. Reuters

  • Nepal Telecom urges peace amid protests

    Nepal Telecom urges peace amid protests

    Nepal Telecom (NTC) has released a statement after some of its offices came under attack during the Gen Z protests on September 09, 2025. Protesters in some cities, including in Kathmandu, Pokhara, Birgunj, etc. have pelted stones and tried to enter and vandalize the company’s offices. This has led to service disruptions in some places.

    Releasing a notice, the company has issued a sincere appeal to protesters not to target the company’s offices and infrastructure. The company said, “It’s known that Nepal Telecom is committed to Nepal’s telecommunications development and expansion. And it’s also a common property of the citizens.” Therefore, it called on protesters to remain restrained and not attack its infrastructure.

    “The company provides public services even during extreme emergencies. And its physical properties are the properties of the people too,” the company added. It’s requested that people conserve the company as it’s a part of public property.

    Ntc service disruptions amidst Gen Z protests
    As of writing this article, I must share that I was out of Ntc data service for hours. I could see the signals on my phone; however, the data service was out for about 3 hours. It has just started working again. Communications service is extremely important, and they are part of the public service.Best smartphone.

    It’s also not the ethos of the Gen Z demonstrations to target infrastructures of public services. We urge everyone to keep restraint and think constructively for the next moves that will de-escalate the situation and work towards good governance of the country. Nepali Telecom

  • iPhone 17 set to drive Apple sales in India

    iPhone 17 set to drive Apple sales in India

    Apple unveiled four new iPhones and four new wearables under its Watch and AirPods lineups, keeping its overall prices largely unchanged despite a billion-dollar hit from US President Donald Trump’s trade tariffs.

    For 2025, Apple raised the base price of its newest iPhone in India by a marginal 4% to ₹82,900, its first hike in years. Analysts expect its new portfolio to boost the company’s sales in India in the upcoming festival season with double-digit growth, driven by the new iPhone Air, a new design on the iPhone 17 Pro that may beckon loyalists, and older devices already discounted across retailers.

    Wall Street, however, was not too excited by Apple’s newest offerings, with many flagging yet another largely incremental upgrade and no clear direction ahead on artificial intelligence. After the announcements, Apple’s shares fell 2.2% from the day’s high on the Nasdaq stock exchange, and a further 0.2% in after-market trading, before recovering marginally.

    Apple’s annual iPhone event is one of the most-watched consumer technology launches globally. The company is the world’s third-largest overall enterprise with a market cap of $3.5 trillion, and generates nearly $400 billion in annual revenue—almost half of it driven by iPhone sales around the world. India, on this note, has emerged as a key geography for Apple, both in terms of manufacturing and sales.

    Poised for festivities
    In India, while the base pricing is higher than before, it is lower than what Apple charged for the same storage variant of a new iPhone last year. Further, analysts noted that the ‘live translate’ feature on its new earphones–AirPods Pro 3 (priced ₹25,900)–could make for a strong selling point, thus giving the company solid ground as the much-anticipated festival season kicks off in India. All the new devices can be pre-ordered right away and purchased from stores starting next Friday, 19 September.

    “Apple appears well-positioned for a strong festive season in India. The iPhone Air marks a significant design innovation, likely to attract upgrades from loyalists of older models, including iPhone 12 through 15,” said Prabhu Ram, vice-president of industry intelligence at market researcher CyberMedia (CMR).

    The iPhone Air, touted as the first new hardware design for smartphones in five years, starts at ₹1.2 lakh in India. This, however, is exactly why analysts are bullish on Apple’s India potential with the new devices.

    Tarun Pathak, director and partner at fellow market researcher Counterpoint, said that Apple, with its current lineup, “is likely to see one of its best festive seasons in India, with year-on-year sales growth likely to be in double digits.”

    “The marginally higher prices are unlikely to dent sales, because most buyers in India opt for financing options, in which the additional amount gets nearly negated. Plus, there will now be demand for finding heavily-discounted deals on the iPhone 15 and iPhone 16 across retailers, which is typical of Indian buyer behaviour, and is likely to drive higher sales with one of the widest portfolios of devices from Apple in India. In fact, we’re seeing higher sales for Apple than last year already, in the early weeks of the festive period,” Pathak further added.

    To be sure, Apple now officially sells iPhone 16e from ₹59,900, iPhone 16 from ₹69,900, and the four new iPhone 17 variants—standard, Air, Pro ( ₹1.35 lakh onward) and Pro Max ( ₹1.5 lakh onward). Third-party retailers are also selling the iPhone 15 in India.

    Absorbing tariffs, for now
    India has emerged as one of Apple’s biggest growth markets recently, with chief executive Tim Cook citing quarterly record revenue in India over the last three years.

    Apple’s sales have continued to jump over 20% annually every year since 2019, and are expected to surpass 15 million units this calendar year. With that, the company is likely to cement its lead share in revenue from India’s $45-billion smartphone market.

    The iPhone maker accounts for about 8% of India’s smartphone market by volume of devices sold and just over 20% by market revenue, as per IDC data.

    Apple has opened two more physical retail stores in India after Mumbai, with outlets in Bengaluru and Pune drawing over 5,000 people each on opening days.

    In terms of manufacturing, Apple is doubling its India production capacity—primarily to serve the US market, its largest by volume globally. This move sparked further tariff warnings from Trump, with Cook stating last quarter that the company’s tariffs-linked costs increased by $800 million, and operating margin declined 60 basis points as a result.

    Apple projected a tariff impact of $1.1 billion for this quarter. However, the management has not indicated any price hike due to Apple’s higher import duty costs. Tuesday’s launch, too, kept prices level.

    On the other hand, excitement around the iPhone—the single-most selling smartphone globally—remains high in India as affordability increases and financing options become available easily. “From a market perspective, the under-penetrated upgrade pool highlights considerable growth potential for Apple if it can convert interest into sales,” CMR’s Ram added.

    Counterpoint’s Pathak also said that while Apple did not speak much about its generative AI efforts, this was “largely in line with expectations,” and is “unlikely to lead to any major disappointment.” LiveMint

  • Red sea subsea cables damaged, commercial ships suspected

    Red sea subsea cables damaged, commercial ships suspected

    A ship likely cut cables in the Red Sea that disrupted internet access in Africa, Asia and the Middle East, experts said Tuesday, showing the lines’ vulnerability over a year after another incident severed them.

    The International Cable Protection Committee told The Associated Press that 15 submarine cables pass through the narrow Bab el-Mandeb Strait, the southern mouth of the Red Sea that separates East Africa from the Arabian Peninsula.

    Over the weekend, authorities in multiple countries identified the cables affected as the South East Asia–Middle East–Western Europe 4, the India-Middle East-Western Europe and the FALCON GCX cables. On Tuesday, that list expanded to include the Europe India Gateway cable as well, said Doug Madory, director of internet analysis at the firm Kentik.

    Initial reporting suggested the cut happened off the coast of Jeddah, Saudi Arabia, something authorities in the kingdom have not acknowledged, nor have the companies managing the cables.

    “Early independent analysis indicates that the probable cause of damage is commercial shipping activity in the region,” John Wrottesley, the committee’s operations manager, told the AP. “Damage to submarine cables from dragged anchors account for approximately 30% of incidents each year representing around 60 faults.”

    Madory also told the AP that the working assumption was a commercial vessel dropped its anchor and dragged it across the four cables, severing the connections. Cabling in the Red Sea can be at a shallow depth, making it easier for an anchor drag to affect them.

    Undersea cables are one of the backbones of the internet, along with satellite connections and land-based cables. Typically, internet service providers have multiple access points and reroute traffic if one fails.

    However, rerouting traffic can cause latency, or lag, for internet users. Madory said it appeared at least 10 nations in Africa, Asia and the Middle East had been affected by the cable cut. Among those nations were India, Pakistan and the United Arab Emirates.

    “Nobody’s completely offline, but each provider has lost a subset of their international transit,” Madory said. “So if you imagine this is like an equivalent to plumbing and you lose some volume of water coming down the pipes … and now you just have less volumes to carry the traffic.”

    Cable security also has been a concern amid attacks by Yemen’s Houthi rebels on ships over the Israel-Hamas war in the Gaza Strip. In early 2024, Yemen’s internationally recognized government in exile alleged that the Houthis planned to attack undersea cables. Several later were cut, possibly by a ship attacked by the Houthis dragging its anchor, but the rebels denied being responsible. AP

  • SpaceX to launch Telecom Satellite from Florida

    SpaceX to launch Telecom Satellite from Florida

    SpaceX on Tuesday night will again attempt to launch a telecommunications satellite from Cape Canaveral Space Force Station.

    After several delays, the launch attempt on Monday night was ultimately scrubbed.

    Instead, a backup opportunity is available Tuesday with a 116-minute window opening at 8:01 p.m.

    According to Florida Today, a Falcon 9 rocket will deploy an Indonesian telecommunications satellite in geosynchronous transfer orbit. The satellite, built by Boeing, will operate for Indonesia’s first satellite-based private telecommunications company.

    This will be the 23rd flight for the first stage booster supporting this mission, which previously supported Crew-6, SES O3b mPOWER-b, USSF-124, BlueBird 1-5, and 18 Starlink missions. Following stage separation, the first stage will land on the A Shortfall of Gravitas droneship, which will be stationed in the Atlantic Ocean.

    News 6 will stream the launch live at the top of this story. ClickOrlando

  • Up invites Taiwan to boost semiconductor and data centre growth

    Up invites Taiwan to boost semiconductor and data centre growth

    In a bid to attract investments and position Uttar Pradesh as a preferred global investment destination, a high-level meeting was convened today at the Invest UP office to forge strategic partnerships with Taiwan.

    The session aimed to unlock new opportunities in semiconductors, data centres, and advanced technology sectors.

    Chaired by Vijay Kiran Anand, CEO, Invest UP, the meeting witnessed participation from senior global industry leaders and Taiwan experts, including Suresh Chandra (Director, STQC), Suresh Kumar Tulluri (CEO, Supermicro), Sanjeev Mehta (Co-founder & Global CEO, Akashaverse), and Prof Nachiket Tiwari (IIT Kanpur), among others.

    Discussions focused on exploring joint ventures, investment opportunities, and long-term collaborations between Taiwan and Uttar Pradesh. Recognising Taiwan’s global leadership in electronics and semiconductor manufacturing and Uttar Pradesh’s growing potential in data-driven sectors, both sides deliberated on collaborative models to leverage mutual strengths.

    To build on this momentum, Invest UP has established a dedicated Taiwan Desk to facilitate new projects and streamline investor support under progressive flagship policies such as the ‘UP FDI/FCI & Fortune Global-500 and Fortune India-500 Investment Promotion Policy 2023’. A delegation from Uttar Pradesh will soon visit Taiwan to further deepen engagement and promote trade and investment ties.

    During the meeting, Uttar Pradesh’s competitive advantages for high-technology industries were highlighted—particularly its potential as a hub for Global Capability Centres (GCCs). Cities such as Noida, Lucknow, Agra, Kanpur, and other Tier-2 locations offer ample commercial space suitable for GCC setups. The CEO of Invest UP emphasised the state’s reliable electricity and water supply, abundant talent pool, and proactive policy support, making it one of the most cost-effective and scalable destinations for data centre operations in Asia.

    Participants acknowledged Uttar Pradesh’s emergence as India’s leading GCC hub, driven by strong infrastructure, simplified Ease of Doing Business (EoDB) practices, and game-changing projects like the Noida International Airport. Discussions highlighted high-potential sectors—semiconductors, bioplastics, defence, aerospace, and advanced technologies—supported by over 34+ sector-specific policies and tailored investment packages. The meeting concluded with a shared commitment to long-term collaboration, positioning Uttar Pradesh and Taiwan as strategic partners in industrial growth and global innovation. The Statesman

  • Cheaper calls & data with GST relief

    Cheaper calls & data with GST relief

    In today’s hyperconnected world, affordable communication is no longer a luxury—it’s a necessity. For India, a country with over a billion mobile connections and the world’s second-largest internet user base, ensuring affordable connectivity is central to its digital growth story. The recent announcement of Goods and Services Tax (GST) cuts on telecom services is being seen as a major step toward this goal.

    The government’s rationalization of GST rates for telecom services is designed to reduce the burden on consumers, help telecom operators expand services, and push forward the Digital India vision. By making communication cheaper, policymakers hope to bridge the digital divide and enable broader participation in the country’s fast-growing digital economy.

    Why GST Cuts Matter for Telecom
    Telecom services have long been taxed heavily in India. Before GST rationalization, consumers often complained that high indirect taxes made services like mobile calls and internet data more expensive, especially when compared to other developing countries.

    By cutting GST rates, the government:

    • Reduces the effective cost of mobile recharges, data packs, and call services.
    • Makes broadband and digital services more accessible to lower-income groups.
    • Provides relief to telecom operators who are struggling with high spectrum fees and debt.

    This policy is not just about cheaper phone bills—it is about making communication a universal right in a digital-first India.

    The Consumer Impact
    For millions of Indians, especially those in rural and semi-urban areas, even a small reduction in monthly telecom expenses makes a huge difference.

    Direct Benefits:

    • Cheaper Mobile Data: With India being the largest consumer of mobile data globally, lower GST means internet services become more affordable for the masses.
    • Affordable Call Charges: Lower taxation on voice services ensures that traditional calling remains within reach for all.
    • Reduced Digital Divide: Rural households and students benefit the most, as cheaper communication enhances access to online education, telemedicine, and e-governance.

    In a country where average monthly ARPU (average revenue per user) is among the lowest in the world, affordability plays a decisive role in adoption.

    Telecom Industry Perspective
    India’s telecom operators—Reliance Jio, Bharti Airtel, and Vodafone Idea—have long been lobbying for GST relief. The industry has been facing immense financial stress, with high spectrum costs, regulatory dues, and debt burdens.

    How GST Cuts Help Operators:

    • Higher Subscriber Retention: Lower costs reduce churn rates and keep customers on board.
    • Increased Data Consumption: Affordable pricing encourages more usage, indirectly boosting revenues.
    • Support for 5G Rollout: Cost relief frees up resources for faster investments in next-generation networks.
    • Operational Stability: Reduced tax outflows improve overall financial health.

    Thus, the GST move is not just consumer-friendly—it also stabilizes one of India’s most critical industries.

    Digital India and Inclusion Goals
    India’s Digital India mission envisions a country where every citizen can access digital services—from online banking to e-governance—without barriers. Affordable telecom is the foundation of this vision.

    GST Cuts Will:

    • Boost digital literacy by bringing more first-time users online.
    • Encourage SMEs and startups to leverage cheaper digital communication tools.
    • Expand the reach of edtech and healthtech platforms in smaller towns.
    • Support the government’s push for cashless transactions and digital payments.

    In short, cheaper communication drives economic growth, innovation, and social inclusion.

    International Comparison
    Globally, affordable telecom has been a priority for developing nations:

    • Countries like Indonesia and Kenya reduced telecom taxes to boost digital inclusion.
    • The European Union has emphasized reducing indirect taxes on connectivity to meet broadband targets.
    • India’s move aligns with these global best practices, positioning it as a leader in making communication both affordable and accessible.

    Challenges Ahead
    While GST cuts are a welcome relief, challenges remain:

    1. Sustainability of Telecom Business Models: Operators still face intense competition and thin profit margins.
    2. Rural Connectivity Gaps: Lower prices must be matched by infrastructure expansion in remote areas.
    3. 5G Rollout Costs: Operators will need additional government support to meet the capital-intensive demands of 5G.
    4. Policy Consistency: Long-term regulatory clarity is essential to ensure stability in pricing.

    Without addressing these, GST cuts alone may not fully resolve affordability concerns.

    Expert Reactions

    • Industry Analysts: Believe the move will accelerate subscriber growth and boost adoption of digital services.
    • Consumer Advocates: Welcome the relief but urge operators to pass on the full benefit to end-users.
    • Telecom Operators: Call it a “timely reform” that supports both industry survival and consumer welfare.

    Overall, sentiment across stakeholders remains positive, with a shared belief that cheaper communication will boost India’s digital economy.

    Outlook for the Future
    Looking forward, the GST rationalization could pave the way for broader reforms:

    • Integration with BharatNet: Cheaper services combined with rural broadband expansion could transform rural India.
    • Increased Internet Penetration: With over 800 million internet users today, the goal of crossing 1 billion users is now closer than ever.
    • Boost to 5G Adoption: Lower communication costs may accelerate consumer adoption of 5G-enabled services.
    • Strengthening India’s Digital Economy: As more citizens come online, sectors like fintech, e-commerce, and digital services will thrive.

    The GST cut is not just a tax change—it’s a strategic push to democratize access to communication.

    Conclusion
    The GST cuts on telecom services mark an important step in India’s journey toward universal, affordable communication. By reducing consumer costs, easing industry stress, and supporting digital inclusion, the reform aligns perfectly with the government’s long-term vision of a digitally empowered society.

    For consumers, it means cheaper bills. For telecom operators, it means breathing space. For India as a whole, it represents progress toward bridging the digital divide and ensuring that communication truly becomes a right for all, not a privilege for few.
    The NewsBit Bureau

  • Apple India sales hit $9B record in FY24

    Apple India sales hit $9B record in FY24

    Apple Inc.’s annual sales in India hit a record of nearly $9 billion in the last fiscal year, signaling growing consumer demand for its flagship devices as the company ramps up its retail footprint in the world’s most populous country.

    Revenue rose about 13% in the 12 months through March from $8 billion a year earlier, according to a person familiar with the matter, who declined to be named as the information is private. Apple’s marquee iPhones accounted for a majority of the sales, and demand for MacBook computers also surged.

    The outsized jump — which hasn’t been previously reported — is a boost for the Cupertino, California-based company at a time it’s grappling with plateauing mobile device sales around the world. While India represents still a fraction of its overall business, the company is investing in a country it expects to become a key market in coming years.

    That’s particularly important given volatile consumption in and geopolitical uncertainty around China, today its largest overseas base. Revenue from China gained 4.4% in the June quarter — but that was only its first rise in two years, and it’s lost market share there to local rivals like Xiaomi Corp.

    As part of its retail push in India, Apple just added two new stores in the cities of Bangalore and Pune this week. It’s also is planning to launch a new outlet in Noida, on the outskirts of Delhi, and another in Mumbai early next year.

    The US company in 2023 reshuffled management of its international businesses, making India its own sales region due to the growth potential the market offers with its rising incomes and a burgeoning middle class. IPhones, viewed by many Indians as a status symbol, currently account for about 7% of the local smartphone market, according to Tarun Pathak of Counterpoint Research.

    India’s local sourcing requirements prevented Apple from opening its iconic stores in the South Asian nation for years. As the policy eased, Apple finally launched its online store in India in 2020. Apple’s Chief Executive Officer Tim Cook then inaugurated the first two stores in India, respectively located in the financial hub of Mumbai and capital New Delhi, in 2023. The company has since boosted its retail network in the country and added more premium resellers.

    High taxes make iPhones pricey in India — Apple sells the entry-level iPhone 16 model at 79,900 rupees ($906.39) in India, compared with the $799 price tag in the US. The company has been trying to work around that by offering student discounts, trade-ins on older devices, and by partnering with banks for credit card rebates, and the measures have boosted sales. Cook has consistently said India’s among the company’s fastest-growing markets.

    India has also become key to Apple’s manufacturing strategy. One in every five iPhones is now made in India, and Cook plans to use the country as the major source of US-bound devices. Apple is expanding iPhone production in India at five factories, including a pair of recently opened plants, as it seeks to lessen its reliance on China, Bloomberg News reported previously. Bloomberg

  • Broadcom faces earnings test after $730B surge

    Broadcom faces earnings test after $730B surge

    Investors worried about faltering momentum in the artificial intelligence trade are looking for a spark from Thursday’s earnings report by the world’s hottest chipmaker: Broadcom Inc.

    But after the more than 100% rally in Broadcom shares since they bottomed in April, adding about $730 billion to the company’s market value and making it the third-best performer in the Nasdaq 100 Index during that time, the issue is how much further the stock can run — even off blowout results. Broadcom shares rose as much as 2.1% intraday Thursday, a third consecutive day of gains.

    “The bar is high because the stock has performed well, but their business is performing really well,” said Joseph Shaposhnik, portfolio manager of the Rainwater Equity ETF, which has Broadcom as its third-largest position. “The short-term weather seems to be amenable to a decent quarter. But it’s up a lot, so anything is possible.”

    The risk of the results being a “sell the news” event for the market is real based on recent earnings reports from AI chipmakers. Nvidia Corp.’s stock is down nearly 6%, erasing roughly $270 billion in market value, after the company’s results on Aug. 27 included a lukewarm revenue forecast that was actually in line with Wall Street estimates. And shares of Marvell Technology Inc., a close Broadcom competitor, plunged 19% on Friday after its data center revenue missed estimates.

    The Philadelphia Stock Exchange Semiconductor Index has fallen more than 3% since Nvidia’s report, compared with a less than 1% decline for the tech-heavy Nasdaq 100. Arm Holdings Plc is down more than 4% while Advanced Micro Devices Inc. is off about 3.5%.

    With the bar set increasingly high, it won’t be a shock if Broadcom shares also slip, at least in the short term, following its results, which are due after the bell. That’s what the stock did after the company’s previous earnings report in June, which topped analysts’ estimates.

    Wall Street expects Broadcom to post 34% year-over-year growth in adjusted earnings per share for the fiscal third quarter to $1.67, and a 21% jump in revenue to $15.8 billion. The expansion is being driven by billions of dollars in spending by hyperscalers including Alphabet Inc., Amazon.com Inc. and Microsoft Corp.

    Buying opportunity
    “It may be hard for Broadcom to raise expectations on this call considering it said it would already grow its AI revenue by 60% next year,” Ben Reitzes at Melius Research wrote in a note to clients on Sept. 2 in which he raised his price target to $335 from $305. “However, the company seems to be firing on all cylinders and we’d use any weakness as a buying opportunity since there is such a shortage of this type of leadership outside Nvidia in AI.”

    Analysts who cover Broadcom have long been bullish on the stock, but they’re seeing limited upside from here. The average price target is about $308 and the shares closed Wednesday at $302.39.

    Broadcom is the biggest designer of what the industry calls ASICs, or application-specific integrated circuits. The company helps owners of large data centers, such as Alphabet’s Google, to create their own chips. That business unit, one of several inside its semiconductor division, has helped Broadcom become one of Wall Street’s favorite picks as a beneficiary of the AI boom.

    Investors are likely to focus on the company’s AI growth trajectory and will be looking for an update on four in-development engagements for its XPU ASIC chips, Bloomberg Intelligence analyst Kunjan Sobhani wrote in a note on Wednesday.

    Other key areas to watch include growth in VMware as well as the pace of recovery in the non-AI semiconductor business, which could help the chipmaker regain some lost ground in gross margins.

    “With its non-AI semi business (27% of F25E sales) down roughly 40% from the peak, we believe that business should recover and offset some gross margin dilution from the AI business,” Citigroup analyst Christopher Danely wrote in an Aug. 26 note reiterating a buy rating on the stock.

    Of course, Broadcom shares could avoid the same fate as Nvidia and Marvell. The company doesn’t have the same degree of exposure to China as Nvidia, and it has shown an ability to capture spending by big technology companies building out their own AI infrastructure.

    “Marvell obviously falling short of that data center revenue, it kind of lets you know that it is still a competitive marketplace and we are starting to see winners and losers,” said Brian Mulberry, client portfolio manager at Zacks Investment Management. “The pivot is going to be more toward those companies that are actually winning that return on invested capital” like Broadcom.

    Cambricon Technologies Corp. shares tumbled by the most in nearly five months after investors cashed out of one of the more spectacular Chinese stock rallies of 2025. Shares of the AI chip designer fell as much as 16%, extending losses into a second day. That helped wipe 6.9% off the SSE Science and Technology Innovation Board 50 or Star 50 Index. That selloff reflected growing wariness about a recent surge in tech stocks and the broader Chinese market, as well as Cambricon’s doubling in market value this year. Bloomberg

  • T-Mobile Eyes $400M Q3 Boost from UScellular

    T-Mobile Eyes $400M Q3 Boost from UScellular

    T-Mobile (TMUS) said it expects to generate about $400 million more in service revenue this quarter as the U.S. wireless carrier integrates customers of the recently acquired regional rival UScellular.

    US antitrust enforcers greenlit the $4.4 billion deal in July after closing its investigation without seeking to block the transaction announced in May last year.

    The company closed the deal on August 1, taking over UScellular’s wireless operations, including customers, stores and 30% of its spectrum assets.

    T-Mobile now expects synergies from the integration to help save about $1.2 billion in costs annually, up from the initial outlook of about $1 billion run rate.

    It also expects to achieve the integration in about two years, compared with its initial three-to-four-year projection.

    T-Mobile said it will take a non-cash charge of about $350 million in the third quarter due to its switch to a more streamlined billing platform.

    The company also anticipates about $100 million in integration costs, excluded from core adjusted EBITDA, and roughly $175 million in depreciation and amortization expenses. Reuters