SoftBank reported strong earnings in Q1 FY 2024, with a net profit of $8.9 billion, a significant increase from the previous year. The company’s Vision Fund also performed well, contributing to the positive results. SoftBank’s investments in technology companies continue to drive growth and profitability for the conglomerate.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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