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The British government has delayed for another two months its final judgment on whether to allow the acquisition of Britain's largest semiconductor plant by a Chinese company.
The Financial Times
Apple is previewing a groundbreaking security capability that offers specialized additional protection to users who may be at risk of highly targeted cyberattacks from private companies developing state-sponsored mercenary spyware. Apple is also providing details of its US$10 million grant to bolster research exposing such threats.
Company release
South Korea's export growth slowed sharply in June, partly due to a shorter work month but also as a result of softer global demand, as the nation ran a trade deficit for a third consecutive month.
MarketWatch
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
Taiwan's industrial sector, including the world's largest contract chipmaker, will be hit with the island's first power price increase in four years as the state-owned utility grapples with soaring fuel costs.
Bloomberg
US Commerce Department Secretary Gina Raimondo on Monday stepped up pressure on Congress to approve $52 billion in funding for chipmakers to expand operations, warning that firms would abandon American expansion plans without the legislation.
Reuters
Two people died this week when a Nio electric car crashed to the ground from the third floor of a parking lot in Shanghai.
CNN
Japan's Ministry of Economy, Trade and Industry (METI) will offer subsidies worth up to JPY476 billion (US$3.5 billion) for a semiconductor plant being built in Kumamoto Prefecture by TSMC, Sony and Denso, the ministry said on Friday.
Nikkei Asia
When the Senate passed a rare bipartisan measure last summer to spend US$52 billion subsidizing computer chip manufacturing and research in the United States, it seemed like an easy legislative priority for both parties. But one year later, the funding still isn't signed into law.
Washington Post
SoftBank's founder and Chief Executive Masayoshi Son on Friday reiterated the Japanese conglomerate was most likely to list British-based chip designer unit Arm on Nasdaq, while stressing no decision has been made.
Reuters
Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies' nascent digital worlds compatible with each other.
Reuters
Qatar's wealth fund isn't interested in investing in cryptocurrencies, though it believes in the underlying blockchain technology, according to Chief Executive Officer Mansoor Al Mahmoud.
Bloomberg
Samsung Electronics vice chairman Lee Jae-yong has secured additional extreme ultraviolet (EUV) lithography equipment, which is essential to production of next-generation semiconductors, from ASML.
BusinessKorea
Denso, a key supplier to Toyota Motor, may consider spinning off its chip business, the company's chief technology officer said Friday.
Bloomberg
Japan's semiconductor material makers are moving to raise prices, as strong demand and the Ukraine war tighten supplies. The upward pressure on costs could translate into higher prices for products such as cars and home appliances.
Nikkei Asia
Intel has frozen hiring in the division responsible for PC desktop and laptop chips, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures.
Reuters
IBM is among a long list of companies that suspended operations in Russia when President Putin invaded Ukraine in February.
The Register
Users can personalize their Lock Screen, keep family photos in iCloud Shared Photo Library, recall sent messages, schedule mail, and discover more with Live Text and Visual Look Up.
Company release
It is unclear if the talks addressed a particular issue, or just represented the heads of the world's top two chipmakers getting together for a chat while Gelsinger was in town.
The Register
Broadcom and VMware have announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately US$61 billion, based on the closing price of Broadcom common stock on May 25, 2022.
Company release
Nicolas will lead HP's worldwide supply chain organization. The company's supply chain delivers more than 100 million products to customers each year through a sophisticated network of ODM factories, manufacturing partners, commodity suppliers, logistics providers and a wide variety of other valued partners.
Company release
Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing's strict anti-Covid policy among other reasons, people involved in the discussions said.
Wall Street Journal
The chief executive of JSR, one of the world's largest suppliers of a material critical for semiconductor production, has said a lack of industry infrastructure will make it "very difficult" for China to develop cutting-edge chipmaking technology despite a push for self-sufficiency.
The Financial Times
China's leading smartphone makers have told suppliers to scale back orders for the coming quarters by around 20% from previous plans following monthlong COVID lockdowns that have severely disrupted supply chains and battered consumer confidence, Nikkei Asia has learned.
Nikkei Asian Review
Chinese tech stocks slumped as weak corporate earnings coupled with a dimming global growth outlook intensified selling.
Bloomberg
The top five corporate customers were Apple, Best Buy, Deutsche Telecom, Qualcomm, and Supreme Electronics, and these big clients accounted for about 14% of the company's total sales, according to a business report released by Samsung Electronics on May 16.
BusinessKorea
Lockheed Martin has joined Intel, Nvidia, and eight other big tech companies as part of a plan to securely link defense systems in what Lockheed calls a 21st century concept.
EE Times
One of the most popular and iconic gadget brands in history is taking its last breath today. Apple announced that it will no longer make the iPod touch, the last device to carry the iPod name.
Ars Technica
Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai.
BBC News
Tesla has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, the latest in a series of difficulties for the factory.
Reuters
Infineon, the leading supplier of microchips to the auto industry, reported on Monday a 22% rise in second-quarter revenue and lifted its full-year outlook as it benefits from a global shortage of semiconductors.
Reuters
AMD shrugged off the concerns about supply-chain issues and COVID-related Chinese manufacturing shutdowns, reporting record revenue of US$5.887 billion (up 71%) for the first quarter of 2022. And while AMD's rivals expressed uncertainty regarding ongoing chip shortages as a result of COVID-related manufacturing shutdowns in China, AMD appears less worried. The topic wasn't even mentioned in the company's press release.
PC World
Shanghai is expected to open up gradually, following a brutal lockdown.
BBC News
The Biden administration is looking into claims that Yangtze Memory Technologies, a Chinese semiconductor maker, has supplied Huawei with chips, in a potential violation of US export controls.
The Financial Times
Texas Instruments tumbled in late trading Tuesday after China's ongoing Covid-19 lockdowns crimped the company's sales and profit forecasts, with the restrictions idling factories and slowing shipments.
Bloomberg
A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week.
Reuters
The board of Twitter has agreed to a US$44bn takeover offer from the Tesla billionaire Elon Musk.
BBC News
Silicon Motion Technology is exploring a potential sale amid takeover interest in the semiconductor firm, according to people familiar with the matter.
Bloomberg
At first blush, ASML's numbers look disappointing. But they're actually pointing to the same challenge and opportunity TSMC outlined last week: demand is so strong that it's tough to keep up.
Bloomberg
Toyota and Volkswagen are gradually bringing their China factories back on line after they were closed for weeks because of COVID lockdowns.
CNN
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