Ford confirms 2022 profit outlook despite lingering semiconductor crunch

Ford confirmed its 2022 profit outlook Wednesday despite lower quarterly auto sales as strong vehicle pricing offsets the hit from higher operating costs and the ongoing semiconductor chip shortage.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/ford-confirms-2022-profit-outlook-despite-lingering-semiconductor-crunch

Judge sides with Elon Musk in lawsuit over SolarCity

A judge in the state of Delaware on Wednesday handed Tesla chief Elon Musk a victory in a shareholder lawsuit filed over the controversial buy of solar panel maker SolarCity.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/judge-sides-with-elon-musk-in-lawsuit-over-solarcity

EXPLAINER: What Twitter could do as privately held company

If Elon Musk and Twitter get their way, the company will soon be privately held and under his control.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/explainer-what-twitter-could-do-as-privately-held-company

Nokia's Q1 profits eroded by Russia withdrawal

Finnish telecom equipment maker Nokia on Thursday announced a 17 percent fall in quarterly profits due to its withdrawal from Russia and supply problems but said it would meet this year's target.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/nokias-q1-profits-eroded-by-russia-withdrawal

Samsung Electronics Q1 net profit up 58.57 percent

South Korean tech giant Samsung Electronics posted a 58.57 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/samsung-electronics-q1-net-profit-up-58-57-percent