Consumer Tech News (Jan 19-23): Netflix & Warner Bros. Deal Sparks Trump Investment Criticism, OpenAI Revenue Surges Past $20B & More
Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s involvement in merger decisions after a financial disclosure showed the president bought more than $1 million in investments tied to Netflix Inc. (NASDAQ:NFLX) and Warner Bros. Discovery (NASDAQ:WBD) shortly after the companies announced a major deal.
South Korea plans to negotiate with Washington to protect its memory chip industry after the Trump administration imposed a 25% tariff on advanced AI chips.
Transportation Secretary Sean Duffy has slammed Canadian Prime Minister Mark Carney‘s decision to allow Chinese manufacturers to enter the country’s automotive sector.
Europe’s economic outlook could face renewed pressure if President Donald Trump follows through on his latest tariff threats tied to Greenland, according to Goldman Sachs.
Eric Trump said major U.S. banks are actively resisting cryptocurrency legislation because it threatens what he described as a long-standing monopoly over the financial system.
TikTok has secured its future in the U.S. after its Chinese parent ByteDance finalized a deal creating a majority American-owned joint venture designed to address national security concerns and comply with U.S. law.
U.S. companies, led by Boeing Co. (NYSE:BA), have secured foreign government procurement contracts worth $244 billion in 2025, with the assistance of the U.S. Commerce Department.
Earnings Results
Progress Software Corp. (NASDAQ:PRGS) reported fourth-quarter earnings of $1.51 per share, which beat the Street estimate of $1.31. Quarterly revenue came in at $252.67 million, which just missed the consensus estimate of $252.86 million.
TE Connectivity Plc (NYSE:TEL) reported first-quarter FY26 adjusted earnings of $2.72 per share, beating analysts’ estimates of $2.55 and revenue of $4.67 billion, exceeding expectations of $4.53 billion.
Semiconductors, Software & Smartphones
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is preparing to pour tens of billions of dollars into Arizona to add several new chip plants, which would lift its total presence in the state to roughly a dozen facilities.
HD Hyundai is widening a multi-year technology rollout with Palantir Technologies Inc. (NASDAQ:PLTR) to push Palantir's Foundry and Artificial Intelligence Platform deeper across the industrial group, expanding beyond early deployments ...
