Around the web
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Social media site Reddit has suffered a data breach, but has refused to disclose its scale. The site said it discovered in June that hackers compromised several employees' accounts to gain access to databases and logs.
BBC News
The future of Tesla hinges on the Model 3, the lower-priced sedan that Elon Musk wants to sell in large numbers. The company has to both build them fast enough and make a profit doing it. Fail at either one, and the company will struggle and eventually sink.
Wired
Google reportedly has been working on a project code-named Dragonfly that will block terms like human rights and religion, a move sure to anger activists.
BBC News
Chinese Internet search giant Baidu beat expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business, easing the pressure of funding a major expansion into new technology areas.
Reuters
Apple reported strong results for the fiscal third quarter Tuesday, posting big beats on earnings per share and average iPhone selling price.
CNBC
The stock fell more than 13% to US$43.30 following a one-line statement Tuesday by Dialog that didn't explain why it dropped the pursuit of the US company.
Bloomberg
Until recently, Tesla was the king-in-waiting for the automotive throne. As traditional automakers turned tank-like towards an electric future, the firm looked set to whizz past in a frenzy of bold publicity and Musk-worship. Then 2018 happened and those in the know started to quietly turn their eyes to China.
Wired
The US is considering 25% tariffs on US$200 billion of Chinese goods, much higher than the 10% it previously indicated it might impose, reports say.
BBC News
The confidential deal shows the value of Ericsson's patent portfolio, according to the networking giant.
ZDNet
Dialog Semiconductor said on Tuesday it has ended discussions with Synaptics about a potential acquisition of the US touch-pad technology company, without citing a reason.
Reuters
The South Korean government will invest 1.5 trillion won ($1.34 billion) in developing new technologies and creating a manufacturing hub for next-generation chips.
The Korea Herald
Arm Holdings, the British computer-chip designer owned by SoftBank Group, reportedly has agreed to buy US-based data analytics firm Treasure Data.
Bloomberg
After 21 months of trying, Qualcomm walked away from the NXP acquisition as Chinese regulators balked at approving the deal amid raising trade tensions with the US.
The San Diego Union-Tribune
Net profit came to 326.5 billion won (US$291 million) in the April-June period, compared with 514.9 billion won posted in the same three month period in 2017, the company said in a regulatory filing.
Yonhap News
This isn't the first time we've heard that Huawei is working on a foldable smartphone of its own.
BGR
Qualcomm CEO Steve Mollenkopf said his company will terminate its acquisition of NXP by the end of the day and plans to buy back up to US$30 billion of stock.
CNBC
Intel will be Apple's exclusive cellular modem supplier for next-generation iPhones, the CFO of Qualcomm indicated on Wednesday.
Apple Insider
Chipmaker Texas Instruments whose chief executive abruptly resigned last week delivered upbeat outlook for the current quarter amid strong demand for its products in automotive and industrial markets.
The Financial Times
Chinese chipmaker Tsinghua Unigroup to buy France's Linxens for $2.6 billion: sources (Jul 25, 2018)
Tsinghua Unigroup has signed a deal to acquire French smart chip components maker Linxens for about EUR2.2 billion (US$2.6 billion), five people with direct knowledge of the matter said.
Reuters
European authorities took their best swing, but it appears that Google hardly felt it. Less than a week after the European Union fined Google a record $5.1 billion for abusing its dominance in the smartphone market, Google's parent company, Alphabet, said on Monday it had already absorbed the cost of the fine and still made $3.2 billion in profits in its latest quarter.
New York Times
Apple this morning released a new supplemental update to macOS High Sierra 10.13.6, which is designed to address a bug that caused the new eighth-generation quad-core and 6-core Intel processors in the 2018 MacBook Pro models to throttle inappropriately.
Mac Rumors
South Korea's LG Display posted on Wednesday an operating loss of KRW228 billion (US$202.2 million) for the second quarter, weighed by falling panel prices and weak demand from television and handset makers.
Reuters
Facebook has set up a subsidiary in China and plans to create an "innovation hub" to support local startups and developers, the company has announced, ramping up its presence in the restrictive market where its social media sites remain blocked.
The Guardian
Texas Instruments, whose CEO Brian Crutcher resigned a week ago, forecast better-than-expected revenue and profit for the third quarter as it benefits from higher sales of semiconductors used in cars and industrial machinery.
Reuters
The need for cash is so urgent that Tesla has reportedly made an unusual request: It's asking some suppliers for partial refunds, according to The Wall Street Journal.
CNNMoney
Google's parent company Alphabet is presenting its quarterly earnings today, just a week after Google was hit with a US$5.04 billion fine from the EU Commission regarding antitrust violations around Android. But whether or not you take the fine into account, Alphabet posted strong numbers again this quarter.
engadget
Apple finally brought fast charging to the iPhone last fall, but with this year's refresh, one big change could ruin it. Recent reports have claimed Apple will ship 18W fast charging adapters with all 2018 devices, which would be terrific - but if yours breaks or disappears, don't think about replacing it with a cheaper model from another manufacturer.
Cult of Mac
Dozens of Singaporean iTunes customers have been forced to seek assistance from their banks after their credit and debit cards were used for iTunes purchases, Channel News Asia reports. Apple has denied responsibility for the mass of unauthorized charges, but is "looking into" the issue.
Venturebeat
BOE Technology's plants already make display screens for Apple's iPads and MacBook computers. Now it is seeking to supply Apple with advanced OLED smartphone screens.
Wall Street Journal
Austrian chipmaker AMS on Monday reported a second-quarter operating loss due to an already communicated orders delay from a key customer but said new orders have come in, securing strong growth in the second half of the year.
Reuters
Corning addresses adoption of new gasoline auto exhaust filtration technology in China with increased capacity.
Company release
Despite Micron's recent stellar earnings results, the stock has been under pressure since late June due to China concerns.
Seeking Alpha
You may have heard that the European Union punished Google with a record $5.1 billion fine on Wednesday for abusing its power in the mobile phone market. Specifically, the authorities dinged Google on its practices with Android, the mobile operating system that the company provides to makers of devices. The size of the fine and the remedies that regulators ordered Google to make were consequential, both symbolically and in how handset manufacturers may incorporate Android into mobile devices in Europe in the future.
New York Times
An internal Apple document distributed to Apple Authorized Service Providers and obtained by MacG矇n矇ration and MacRumors confirms that there's a membrane under the keyboard to "prevent debris from entering the butterfly mechanism". This is the first time Apple acknowledges that the third generation butterfly keyboard tries to fix unreliability issues.
TechCrunch
Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.30 per share ($1.20 per share on an annual basis) on the company's common stock. The dividend will be payable on Sept. 1, 2018, to stockholders of record on Aug. 7, 2018.
Company release
AMD is expected to release its next-generation of high-end desktop (HEDT) Threadripper processors sometime between now and September, though nothing official has been announced. We must be getting close to a launch, however, as AMD's existing Threadripper CPUs are selling well below their launch MSRPs.
PC Gamer
Apple's Chinese iCloud partner, Guizhou-Cloud Big Data (GCBD), has cut a deal with the state-run China Telecom to move user data to the latter's servers, according to a public-facing WeChat post from China Telecom. Though the iCloud data is end-to-end encrypted, the encryption keys are also stored in China, raising the possibility the Chinese government could gain access to it.
The Verge
Google has announced a new Chromebook loaner program for businesses that's designed to get workers up and running with a temporary new machine within minutes.
Venturebeat
Qualcomm may have recently unveiled its 700-series chipsets, but the competition is just heating up. MediaTek is unveiling a new series of chipsets too.
Digital Trends
South Korea's industry minister said Wednesday the government will step up support for large-scale research and development (R&D) projects to develop cutting-edge memory chips.
Yonhap News
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