Though software sales provided a ray of light in otherwise mixed results this week, gloom settled over the tech sector Friday in the wake of bellwether IT quarterly earnings reports.
Technology hiring has been on the upswing in the first half of this year, constituting about 10% of all the job growth in the U.S. in June, according to two independent assessments.
The U.S. Federal Communications Commission has approved the $21.6 billion acquisition of Sprint by Japanese telecommunications group Softbank, saying it promises to bring consumers faster and more advanced wireless broadband Internet service.
HTC's second quarter net profit plummeted 83 percent year on year as sales of the company's latest flagship handset failed to meet expectations.
Samsung Electronics predicted a big jump in profit for the second quarter compared to a year earlier, but the company's explosive growth is slowing amid signs its top end Galaxy smartphones are less popular than expected.
The U.S. Federal Trade Commission (FTC) has asked Google for information related to its Waze acquisition, as the agency reviews the deal, according to reports published on Saturday.
Facebook has opened its first data centre outside the U.S., using 100 percent renewable energy and operating on the edge of the Arctic Circle in Sweden.
Infosys' co-founder and first CEO N. R. Narayana Murthy has returned to the company as executive chairman, amid concerns that the outsourcer's performance has not been as good as that of some of its Indian peers.
Foxconn's Hon Hai Precision Industry Co. has set up a new research center devoted to display and touch technologies in Japan that could end up hiring staff away from Sharp.
Dish Network has boosted its bid for Clearwire to $4.40 per share, 29 percent above Sprint Nextel's most recent offer, and said it is prepared to buy up the stock of a minority of shareholders.