Reuters

(Reuters) - Shares of Arm Holdings fell 8% in premarket trading on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months.

Bets that Arm will benefit from a surge in AI computing have doubled the chipmaker's share price since its initial public offer last September, giving it a market value of about $110 billion.

"This is a typical case... (continue reading...)

By Liam Mo and Brenda Goh

BEIJING (Reuters) - Semiconductor Manufacturing International Corp reported first-quarter net income of $71.79 million on Thursday, missing analysts' expectations.

Unaudited profit attributable to owners of China's largest chip foundry fell to $71.79 million from $231.1 million a year earlier and below the $80.49 million expected by analysts polled by LSEG.

Revenue rose by 4.3% to 1.75 billion... (continue reading...)

By Aaron Ross and Giulia Paravicini

NAIROBI (Reuters) - Somalia's government has requested the termination of a U.N. political mission that has advised it on peace-building, security reforms and democracy for over a decade, according to a letter the foreign minister wrote to the Security Council.

The request for the departure of the 360-member United Nations Assistance Mission in Somalia (UNSOLD) when its mandate expires in October took... (continue reading...)

PANAMA CITY (Reuters) - Ramon Fonseca, who co-founded the now defunct law firm linked to the Panama Papers scandal, died overnight, his lawyer told Reuters on Thursday morning.

(Reporting by Elida Moreno; Editing by Christina Fincher)

WASHINGTON (Reuters) - A U.S. auto safety agency said on Thursday it has "significant safety concerns" over Ford Motor's recall of more than 42,000 SUVs over concerns fuel leaks could lead to an engine fire.

The National Highway Traffic Safety Administration (NHTSA) said last month it was investigating the adequacy and safety consequences of Ford's proposed recall remedy for 2022-2023 model year Bronco Sport and 2022 Ford Escape SUVs with 1.5L... (continue reading...)