IBM Corp. is winding down its research and development group in China, multiple publications reported today. A source told Bloomberg that the move is set to affect fewer than 1,000 employees.

In July, IBM reported second-quarter sales of $15.8 billion, up by 2.1% year-on-year, beating the analyst estimate of $15.6 billion. EPS of $2.43 topped the consensus estimate of $2.19. IBM stock ...

She previously worked at The Wall Street Journal and Bloomberg. David Ramos / Getty Images IBM (IBM) reportedly is closing its China research and development (R&D) department and moving those ...

IBM has announced it is shutting down its research and development operations in China, with hundreds of workers set to lose their jobs. The closure will impact more than 1,000 IBM workers across ...

IBM's Q2 results exceeded expectations, driven by strong performance in software, consulting, and infrastructure, and a 24% increase in free cash flow. IBM's AI strategy, including the Watsonx ...

IBM's fair value is estimated to be around $145 per share using a dividend discount model with an 8.2% required rate of return. Despite improving business performance, IBM's stock appears ...

IBM Corp. is shutting down its research and development department in China in a move that will affect 1,000 jobs, as technology companies continue moving out of the country, the Wall Street ...

US computing giant IBM has reportedly shut down its research and development (R&D) operations in China, joining a slew of global Big Tech firms in trimming their mainland businesses amid ...

IBM Corp. today announced plans to make Intel Corp.’s Gaudi 3 artificial intelligence processor available in its public cloud platform. Gaudi 3 is positioned as an alternative to Nvidia Corp ...

Hong Kong CNN — IBM is cutting more than 1,000 jobs in China, according to multiple state media reports, as geopolitical tension between Beijing and Washington prompts many global companies to ...

IBM ceased its R&D operations in China, leading to over 1,000 layoffs in cities like Beijing and Shanghai. The decision was part of a strategic adjustment to better serve clients across the ...

IBM is closing its China Development Lab and China Systems Lab, while laying off more than 1,000 employees in cities including Beijing, Shanghai and the northern port city Dalian, according to ...