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Tech Across the Globe

Hon Hai sales: Hon Hai Precision Industry, the main contract manufacturer for Apple, said its April revenue rose 26%. Sales at the Taiwanese company, also known as Foxconn, were likely boosted by the hastening of orders ahead of US tariffs that could upend the business for its customers.

Palantir’s dizzying pace: The data software company raised its annual sales forecast, but it wasn’t a big enough boost for investors, who had sent the stock to the biggest gain in the S&P 500 this year. The shares fell in extended trading after Palantir announced its results. 

Shake-up at Starlink rival: Eutelsat, the French satellite operator challenging Elon Musk’s Starlink, is replacing its chief executive officer. Jean-François Fallacher, a veteran telecom executive, will replace Eva Berneke, who has been Eutelsat’s CEO since 2022.

Revalued

General Fusion, a Canadian startup backed by Amazon Chairman Jeff Bezos, is looking for $125 million to complete its demonstration program after firing a quarter of its staff and cutting back operations due to a lack of capital. The startup previously had raised more than $300 million.

Must Read

Tech executives have been bombarded the past few weeks with questions from analysts about the effect of tariffs on their businesses. The responses, from those frustrated executives, has pretty much been that they have no idea, Ian King reports in today’s Tech In Depth. What that discussion overlooks, however, are the strong results those companies produced despite the economic uncertainty, he reports. For more of Bloomberg’s coverage of the technology industry, subscribe here.

This Week in Game On

The costs of making video games has skyrocketed over the last decade and some big publishers have decided to increase the price of their games to $80 to make up for the higher costs, writes Jason Schreier in this week’s Game On. It’s a risky move when game players have more options than ever, including online games that are free to play, he writes. For more of Jason’s coverage of the video game industry, subscribe here.

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