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Broadcom Forecasts $15.8 Billion Q3 Revenue Amid Strong AI Chip Demand

Due to the high demand for AI chips, Broadcom has projected thirdquarter revenue of $15.8 billion, which is somewhat higher than analysts $15.71 billi

Due to the high demand for AI chips, Broadcom has projected thirdquarter revenue of $15.8 billion, which is somewhat higher than analysts $15.71 billion projection. As hyperscale partners keep investing, the companys AI semiconductor revenue is predicted to exceed $5.1 billion, marking ten consecutive quarters of growth. Broadcoms shares dropped 4% during extended trade despite the optimistic prognosis because investors had high expectations after the companys 30% stock increase in the previous month. The business has started shipping the Tomahawk 6 networking chip, which improves AI workloads by doubling performance over its predecessor. With specialised processors for Google and OpenAI, Broadcom continues to be a major player in the AI hardware market. Read More..

B2B Tech News | 1 months ago        

BYD to Nearly Triple South African Dealerships Amid NEV Market Growth

By the following year, the Chinese EV behemoth BYD intends to increase the number of its dealerships in South Africa from 1330 to 35. With sales expec

By the following year, the Chinese EV behemoth BYD intends to increase the number of its dealerships in South Africa from 1330 to 35. With sales expected to increase from 7,782 units in 2023 to 15,611 in 2024, the move attempts to gain early market share as South Africa makes the switch to new energy vehicles NEVs. In addition to the plugin hybrid Shark pickup, hybrid SEALION 6, and electric SEALION 7 SUV models, BYD debuted its ATTO 3 electric SUV in 2023. BYD views South Africa as a significant automobile market in the Southern Hemisphere, despite obstacles such as a lack of charging infrastructure and high import taxes. Read More..

B2B Tech News | 1 months ago        

South Africa’s Economy Stagnates With 0.1% Growth in Q1 2025

The economy of South Africa grew by just 0.1% in the first quarter of 2025, as robust growth in the agricultural +15% sector was offset by declines in

The economy of South Africa grew by just 0.1% in the first quarter of 2025, as robust growth in the agricultural +15% sector was offset by declines in the manufacturing 2% and mining 4% sectors. Since the financial crisis of 2008–2009, the nation has had difficulty gaining traction, with yearly growth an average of less than 1%. The coalition administration has increased business confidence, but output is still low. Analysts caution that structural issues, such as inefficient freight rail and transportation bottlenecks, are still impeding recovery. With the economy slowing down, the South African Reserve Bank lowered its 2025 GDP prediction from 1.7% to 1.2%. To boost the economy, experts say more interest rate reductions might be required. Read More..

B2B Tech News | 1 months ago        

Piyush Goyal Meets Italian Business Leaders to Strengthen Bilateral Trade Ties

Before the IndiaItaly Joint Commission for Economic Cooperation JCEC session, Indias Commerce Minister Piyush Goyal met with Italian business leaders

Before the IndiaItaly Joint Commission for Economic Cooperation JCEC session, Indias Commerce Minister Piyush Goyal met with Italian business leaders in Milan to deepen bilateral trade and investment links. The topics of discussion included the IndiaMiddle EastEurope Economic Corridor IMEC, Industry 4.0, agritech, digitalisation, energy transformation, and sustainable mobility. Talking about strategic industrial collaborations, Goyal met with CEOs of important Italian companies such as EPTA Refrigeration, Carraro Group, and UFI Filters. Alongside Italys Deputy Prime Minister Antonio Tajani, he will cochair the JCEC session on 5 June to evaluate the state of economic cooperation. By strengthening economic ties and investment, the visit seeks to support Indias international trade strategy. Read More..

B2B Tech News | 1 months ago        

Trump and Xi Hold First Formal Call, Discuss Trade Tensions and Tariff Disputes

On June 5, Chinese President Xi Jinping and U.S. President Donald Trump spoke over the phone for the first time since Trumps inauguration. Both presid

On June 5, Chinese President Xi Jinping and U.S. President Donald Trump spoke over the phone for the first time since Trumps inauguration. Both presidents addressed worries about tariff conflicts and vital minerals during the trade tensions talk, which was started at Trumps request. The call comes after Beijing and Washington accused each other of violating a 90day trade agreement about lowering tariffs. The discussion was "very positive," according to Trump, who hinted at possible trade talks in the upcoming weeks. While Trump stressed the necessity of direct interaction to settle problems, Xi urged the U.S. to remove restrictive measures. Read More..

B2B Tech News | 1 months ago        

ECB Cuts Interest Rates for Eighth Time as Inflation Hits 2% Target

As inflation hits its 2% target, the European Central Bank ECB has lowered interest rates once more, for the eighth time in a yearlong easing cycle. N

As inflation hits its 2% target, the European Central Bank ECB has lowered interest rates once more, for the eighth time in a yearlong easing cycle. Now at 2%, the deposit rate is regarded as neutral, neither promoting nor impeding growth. In light of trade uncertainty and economic changes, investors expect a pause in July while officials debate whether additional cutbacks are required. Avoiding precommitments on future rate courses, ECB President Christine Lagarde stressed a datadriven approach. Citing weaker eurozone GDP and U.S. trade policies as major drivers, the ECB has also reduced its inflation prediction for 2026. Read More..

B2B Tech News | 1 months ago        

Britain’s Industrial Strategy Faces Challenges Amid High Energy Costs

As parliamentarians and industry leaders call on the government to reduce energy costs in order to preserve global competitiveness, Britains future in

As parliamentarians and industry leaders call on the government to reduce energy costs in order to preserve global competitiveness, Britains future industrial plan faces difficulties. High electricity costs are discouraging investment and industrial growth, despite the strategys goal of promoting economic growth. It will be announced alongside a multiyear spending review. The industry group Make UK calls for the abolition of the environment levy in order to reduce expenses, stating that industrial energy bills in Britain are the highest among major economies. The Confederation of British Industry also supports the removal of policy costs from electricity rates, highlighting the need for assistance in decarbonising energyintensive firms. Experts worry that Britains manufacturing sector may find it difficult to compete globally if nothing is done. Read More..

B2B Tech News | 1 months ago        

Virgin Australia Returns to Stock Market With $442.8 Million IPO

Virgin Australia will make its stock market comeback after five years under Bain Capital management with an IPO that is expected to garner $442.8 mill

Virgin Australia will make its stock market comeback after five years under Bain Capital management with an IPO that is expected to garner $442.8 million. With 236.2 million shares sold at A$2.90 each, the airline will have a fully diluted valuation of A$2.32 billion. With Qatar Airways holding a 23% stake, Bains ownership will decrease from 70% to 39.4%. Virgins enterprise value, including its A$1.31 billion in net debt, is A$3.6 billion. Trading is scheduled to start on June 24 after the IPO, which is Australias biggest this year, closes institutional bookbuilding on Thursday. Read More..

B2B Tech News | 1 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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