Wednesday, March 24, 2021

Xiaomi flags rising costs of chips

Chinese smartphone maker Xiaomi flagged rising costs from a global chip shortage and reported quarterly revenue below market estimates, even as its international business head jumped ship to TikTok owner ByteDance. Shares in Xiaomi Corp fell as much as 9% in early morning trading on Thursday, before paring losses to trade down 5%. https://ift.tt/3w0oAF0

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Dua Lipa files a $15M lawsuit against Samsung, alleging that it used her likeness to sell TVs without paying her and without permission starting in 2025 (Gene Maddaus/Variety)

Gene Maddaus / Variety : Dua Lipa files a $15M lawsuit against Samsung, alleging that it used her likeness to sell TVs without paying her...