US Tech Industry

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies

Analysts are eyeing impressive figures, with the street anticipating earnings of $13.2 billion, translating to $5.62 per share, alongside projected revenue of $24.6 billion in the quarter

The ambitious plan includes expansions in Mumbai, Hyderabad, and Chennai

Tech industry continued to outpace other sectors in jobs cuts through the first quarter of this year

Lauded in China as a major leap in indigenous semiconductor fabrication, last year's SMIC-made processor powered Huawei's Mate 60 Pro and a wave of patriotic smartphone-buying in the Asian country

Slashing tech work forces would have been anathema in Silicon Valley just a few years ago

Industry leaders say technology will continue to change our lives in the new year and the biggest theme that is expected to emerge is the application of generative AI in different sectors

The unlocking of India's consumer potential is driven by digital public infrastructure (DPI) and population-scale solutions

Since the beginning of 2021, tech companies have laid off over 405,000 individuals

Say aatmanirbhar push shouldn't lead to discriminatory norms

The ability of H-1B holders' spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued

As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank

Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. They were the gold standard, it almost seemed weird if you were in tech and didn't have a Silicon Valley Bank account, said Stefan Kalb, CEO of Seattle startup Shelf Engine, during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration's move guaranteeing all Silicon Valley Bank's deposits above the insured limit of $250,000 per account resulted in a palpable sigh of relief in Israel, where its booming tech sector is connected with an umbilical cord to Silicon Valley, said Jon Medved, founder of the Israeli venture capital crowdfunding platform OurCrowd. But the gratitude for the deposit guarantees that will allow thousands of tech startups to .

Conceived over a poker game between two of its founders nearly 40 years ago, the firm grew into the single most critical financial institution for the nascent tech scene

Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to make $42 billion in withdrawals

Revenue from Americas was 47.9 per cent in fiscal 2021-22, as compared to 47.5 per cent in fiscal 2021

As every Big Tech company has announced job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at the pace at which other tech giants did

The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse

This development comes close on the heels of Meta laying off 11,000 employees worldwide, or about 13 per cent of its workforce, as it battles faltering revenue and broader tech industry woes