Huawei Profit Drops 36 Percent in H1
Huawei reported a 36% decline in net profit in the first half of the year, largely due to rising input costs and major investments in research and development.

Huawei reported a 36% decline in net profit in the first half of the year, largely due to rising input costs and major investments in research and development.
IFA Berlin, globally recognized as the premier event for Consumer Electronics, Home Appliances, and Future Tech, has initiated its IFA Media Days ahead of the main exhibition's official opening.
Oura, the manufacturer of the prominent smart ring, is aiming to raise $3 billion through an initial public offering (IPO) that would value the company at more than $16 billion, according to a filing made in May.
The European Commission has officially designated ChatGPT as a Very Large Online Search Engine (VLOSE), while Reddit and Roblox have been categorized as Very Large Online Platforms (VLOPs) under the framework of the Digital Services Act (DSA).
The NextGenerationEU program is now moving into its final phase, with the administrative focus shifting toward completing the necessary steps for the successful conclusion of the Recovery and Resilience Facility (RRF).
The European Union has officially awarded Bull a €387.8 million contract to construct a new supercomputer specifically designed for AI workloads.
Qualcomm is looking to drive progress in robotics and industrial automation across Japan through strategic partnerships with several of the nation’s leading technology companies.
A London High Court has ordered Samsung to pay $11.6 million in damages to the Swatch Group for trademark infringement.
HP and Huawei have entered into a global cross-licensing agreement covering a range of Wi-Fi patents.
Meta Platforms has reached a settlement worth up to $18 billion with a coalition of 29 US states regarding child safety concerns on Facebook and Instagram.
Nvidia is reportedly moving to acquire the AI platform Hugging Face for $12.9 billion, a deal that would grant the chipmaker control over one of the industry's largest repositories of AI models and datasets.
Spain is preparing to implement much stricter rules for data centers, focusing on water, energy, and cybersecurity.
Nvidia is in early discussions with Rebellions, a South Korean AI chip designer, regarding possible collaborations, including technical partnerships, investments, or potentially an acquisition.
Marvell Technology has issued Google a warrant to buy a stake worth around $12.2 billion as part of an expanded deal to develop custom chips for the search giant.
DeepSeek released an experimental multimodal model.
TikTok and its parent company, ByteDance, agreed to pay $400 million to settle a US Department of Justice (DoJ) litigation.
Micron announced Micron Research Labs, a US-based long-horizon research institution in Boise, Idaho.
OpenAI decided to slow the development of its most advanced unreleased AI models.
Google plans to move production of its Pixel lineup out of China by 2027.
Nvidia disclosed it held almost 123 million shares in SpaceX, valued at around $21 billion, at the end of the second quarter.