Robust First Quarter for A1 Group
Austria-based A1 Group said the first quarter of 2025 was marked by robust results, considering the challenging environment.
Business
Xi Targets AI Leadership as China Makes Progress in Digital Industry
Chinese President Xi Jinping expects Shanghai to lead the nation’s development of AI.
ENT Finishes Q1 with Revenue Growth
In the first quarter of 2025, Ericsson Nikola Tesla had sales revenue of €54.2 million, up by 4.2% year-over-year.
HT Reports Revenue Growth and Flat Profits in 1Q25
In the first quarter of 2025, Hrvatski Telekom has maintained its growth trajectory, delivering a 5.9% YoY revenue growth.
Apple Moves Away from China, Plans Doubling India Output
Apple accelerated its pullback from China after new tariff hikes by the US.
IBM to Invest $150 Billion in the US by 2030
IBM announced it plans to invest $150 billion in the US over the next five years.
Meta Could Take $7 Billion Hit from Tariffs
Meta Platforms could lose $7 billion in advertising revenue from Chinese companies due to US tariffs, MoffettNathanson senior MD Craig Moffett suggested in a research note.
Intel Plans to Slash Expenses
Intel confirmed rumors that it plans to reduce the number of employees.
A1 Slovenija Acquired Provider Peter's Teleurh
A1 Slovenija announced the completion of its acquisition of the telecommunications provider Peter's Teleurh.
Instagram to Use AI to Check Age Restriction
Instagram announced it would use AI to check the ages of teenage users across the US.
Ericsson to Invest €200 Million into Open Network Research
Ericsson announced it would invest €200 million in research in open networks and automation for 5G.
Nokia Reported Profits Drop in 1Q25
Nokia reported that its first-quarter net sales declined 1% to €4.4 billion.
EU Fined Apple and Meta for DMA Breaches
The European Commission fined Apple €570 million and Meta €228 million for breaching the Digital Markets Act.
OpenAI Interested in Buying Google Chrome
OpenAI is considering a potential acquisition of Google’s Chrome browser to bolster its ChatGPT platform.
Intel to Cut Over 20 Percent of Workforce
According to media reports, Intel plans to cut more than 20% of its staff.
TSMC Struggles to Limit Access to Chips
Taiwan Semiconductor Manufacturing Co. said it faces difficulties in tracking which companies use its chips.
Ericsson to Ramp Up Manufacturing in India
Ericsson announced plans to produce all of its passive antennas locally for the Indian market.
Nvidia to Write-Off $5.5 Billion as US Expands Measures on China
Nvidia announced it would write off as much as $5.5 billion in the current quarter.
Korea to Rise Subsidies for Chip Industry to $23 Billion
The South Korean government announced a 27% rise in funding to support the country’s chip industry.
Happy Easter!
Happy Easter to all ICT Business readers, followers, business partners, advertisers, and friends. Your ICT Business team.
