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Sam Altman, who was fired from his role at ChatGPT-maker OpenAI last Friday, will return to his post as chief executive, ending a boardroom drama that has transfixed Silicon Valley and exposed the power struggles over who has control over the future of artificial intelligence.
Washington Post
With Apple stock near an all-time high, it's worth asking how it got there - and how long that can last. The world's most valuable company makes great products, but it may turn out that the biggest driver of its share price has been the close relationship CEO Tim Cook has cultivated with China.
The Financial Times
Cutting economic ties with China is unrealistic, the chief executive of luxury carmaker Mercedes-Benz told tabloid newspaper Bild am Sonntag, and said attempting to do so would put most of Germany's industry at risk.
Reuters
Ford Motor is hitting the brakes in China, the world's largest auto market, with new plans to scale back investment in order to improve profitability.
Bloomberg
IBM CEO Arvind Krishna said the company expects to pause hiring for roles it thinks could be replaced with artificial intelligence in the coming years.
Bloomberg
"American companies don't have a good track record with data privacy," Chew reminded the committee while repeatedly telling Congress members that the questions that they had about TikTok reflected industry-wide problems that go well beyond one app.
Ars Technica
Intel CEO Pat Gelsinger sees the first signs of a turnaround in the company's business during his nearly two years at the helm of the top US chipmaker, he said yesterday. Analysts contacted by EE Times were less optimistic.
EE Times
South Korea and Taiwan will still be key semiconductor hubs in years to come, even as pressure to diversify supply chains leads to new competition from places like the US and Germany, according to John Lee, president and CEO of MKS Instruments.
Nikkei Asia
CEO Pat Gelsinger told employees that Thakur will continue lead Intel's foundry unit through the first quarter of 2023 to ensure 'a smooth transition.'
SiliconRepublic
Tech leaders who spent years eagerly adding to their staffs are now lining up to deliver a different message: Sorry, we grew too fast.
Wall Street Journal
Silicon Labs' exit from any business not related to wireless connectivity and IoT devices marks the beginning of the company's journey to becoming a "pure-play" IoT chip designer, according to Silicon Labs CEO Matt Johnson.
EE Times
Merck does not anticipate that a projected decline in smartphone sales this year will weigh on its semiconductor chemicals business, CEO Belen Garijo told Reuters on Thursday, insisting the market remained attractive.
Reuters
While Meta funnels billions into CEO Mark Zuckerberg's pitch for the metaverse, Apple CEO Tim Cook thinks most people couldn't even define the metaverse, let alone spend long periods of time living their lives inside of it.
The Verge
Apple CEO Tim Cook credited Steve Jobs with making privacy a top priority at the company and said he largely still runs the tech giant in the manner of its late co-founder.
Bloomberg
TSMC CEO CC Wei said he had never had an auto industry executive call him until the shortage was desperate. "In the past two years they call me and behave like my best friend," he told a laughing crowd of TSMC partners and customers in Silicon Valley recently. One automaker called to urgently request 25 wafers, said Wei, who is used to fielding orders for 25,000 wafers. "No wonder you cannot get the support."
Reuters
Washington had banned the sale of most gear that can fabricate chips of 10 nanometers or better to Chinese leader SMIC without a license. Now it has expanded that barrier to equipment that can make anything more advanced than 14 nm, Lam Research CEO Tim Archer told analysts.
Bloomberg
Facebook-owner Meta Platforms has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.
Reuters
Tesla has cancelled three online recruitment events for China scheduled this month, the latest development after CEO Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.
Reuters
Chinese automakers may have to halt production in May if shutdowns persist in the Shanghai area, said the chief executive officer of electric-vehicle firm Xpeng, a bleak assessment of supply-chain disruptions in the wake of Covid-19 lockdowns.
Bloomberg
"They're interested in us using their foundries," said Nvidia CEO Jensen Huang regarding Intel, during a virtual press conference on Wednesday. "We're very interested in exploring it."
The Register
SK Hynix CEO says top shareholder to secure $1.6 billion for M&A in chips, blockchain (Mar 28, 2022)
The CEO of South Korean chipmaker SK Hynix said on Monday that its largest shareholder, SK Square, is considering merger and acquisition deals involving chip companies.
Reuters
Samsung Electronics expects its chip and components division to perform strongly this year as it looks to boost supply by improving operations in a tight global market, the company's new co-chief executive said on Wednesday.
Reuters
Rivian Automotive is "making progress" in the increase of production for electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% share in the EV market by 2030, CEO RJ Scaringe said on Thursday.
Reuters
Micron Technology, the biggest maker of computer memory chips in the US, said the growing crisis in Ukraine highlights the complexity and vulnerability of the semiconductor supply chain. Some of the gases used in the production of chips comes from the country which the US says Russia is invading.
Bloomberg
Nvidia CEO Jensen Huang said in a conference call with analysts that regulators would not budge in their opposition to Nvidia's proposed $80 billion acquisition of Arm.
Venturebeat
Heavy investment is needed to increase capacity in the semiconductor industry and there is no immediate danger of oversupply, the CEO of Dutch semiconductor equipment maker ASML said on Wednesday.
Reuters
Haas succeeds Simon Segars, who has stepped down as chief executive officer and member of the board of directors after 30 years with the company.
Company release
"Infineon has made a successful start into the 2022 fiscal year," said Infineon CEO Reinhard Ploss. "Utilization of our manufacturing capacities is very high and we are expanding them step by step. This will help us improve the availability of products that we manufacture in-house over the course of the year."
Company release
On the call, Intel Chief Executive Pat Gelsinger told analysts that the company has "a lot of catching up to do" in building out capacity, or "shells," to address supply constraints.
MarketWatch
China's Realme will enter Europe's high-end handset market next month with its priciest ever device, its CEO told Reuters, as it looks to expand beyond its budget offerings and sell 50% more smartphones globally this year.
Reuters
The chief executive of ASML on Wednesday said the company still has not received permission to ship any of its most cutting edge lithography systems, which are necessary to make advanced computer chips, to China.
Reuters
Rob Crooke, CEO of Solidigm and a 10-year veteran of Intel's memory business, told CRN that while the memory business has been a profitable one for Intel, Intel realized that to get the scale needed to continue to serve customers' growing memory and SSD requirements required a huge investment in scale, and the SK Hynix had the scale necessary.
CRN
The US should invest more in American chipmakers rather than their Asian rivals such as TSMC and Samsung, Intel CEO Pat Gelsinger said Wednesday, adding that domestic companies would give the country more control of intellectual property.
Nikkei Asia
Bringing simulation of real and virtual worlds to everything from self-driving vehicles to avatars to robotics to modeling the planet's climate, Nvidia founder and CEO Jensen Huang has introduced technologies to transform multitrillion-dollar industries.
Company release
GlobalFoundries debuted on the Nasdaq this week, valued at over $25 billion, as it became increasingly evident that a global chip shortage could persist through 2023 or later.
CNBC
Intel's plans for a multibillion-dollar investment in a new US semiconductor plant hang in part on Congress moving on a stalled plan to bolster the domestic chip industry, the company's chief executive said.
Bloomberg
For around a year now, Apple has been switching to its own M-family processors across the Mac range - starting with the M1-equipped Mac mini, MacBook Air and entry-level MacBook Pro in November 2020, and culminating most recently in the high-end MacBook Pros with M1 Pro and M1 Max chips announced last night. In the process the company has abandoned Intel's processors after 15 years of collaboration.
MacWorld
The semiconductor chip shortage that is hamstringing the production of products ranging from cars and computers to appliances and toothbrushes will extend into 2022 and potentially beyond that, the CEO of semiconductor company Marvell Technology said.
CNBC
US automaker General Motors will source more semiconductors directly from manufacturers to adapt to the ongoing global chip shortage, its CEO Mary Barra said on Friday.
Verdict
Marvell Technology customers have broadly been willing to accept price increases in exchange for steady chip supply, the company's chief executive said on Thursday as it reported better-than-expected quarterly sales.
Reuters
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