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News

Futures drop after report on Apple slowing iPhone production sparks selloff

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures down: Dow 0.79%, S&P 0.97%, Nasdaq 1.33% Sept 28 (Reuters) - U.S. stock index futures signaled shares would extend their sharp selloff on Wednesday, as they dropped after a report said tech major Apple had shelved its plan to increase production of its new iPhones on weak demand.
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S&P 500 ends near two-year low as bear market deepens

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * S&P 500 closes at lowest since November 2020 * Utility, consumer discretionary sectors weigh heavily * Investors worry about shrinking corporate profit growth * Indexes: Dow -0.43%, S&P 500 -0.21%, Nasdaq +0.25% By Noel Randewich and Shreyashi Sanyal Sept 27 (Reuters) - Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 recording its lowest close in almost two-years as Fe
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Intel expands developer cloud to enable customers to try out new chips

By Jane Lanhee Lee Sept 27 (Reuters) - Intel Corp INTC.O plans to expand the Intel Developer Cloud to allow customers to try a range of new chips before they hit the market, a move it hopes will lure more application developers to use its processors, the company said on Tuesday. Chip companies are increasingly enabling software and hardware developers to test out chips virtually in the cloud before they are shipped to save time.
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SoftBank looks to form a 'strategic alliance' between Arm and Samsung

(Writes through and changes media slug) By Sam Nussey and Joyce Lee TOKYO/SEOUL, Sept 22 (Reuters) - SoftBank Group Corp 9984.T founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics 005930.KS to discuss a potential "strategic alliance" between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years.
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Chipmaker Nvidia launches new system for autonomous driving

By Jane Lanhee Lee and Joseph White Sept 20 (Reuters) - Chip giant Nvidia Corp NVDA.O on Tuesday unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment. Nvidia, a big player in the gaming chip and artificial intelligence (AI) market, has been making a big push in the automotive business, a key growth segment for the company.
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