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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
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
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
ASML said Zongchang Yu, a former employee, had transferred trade secrets to Dongfang Jingyuan Electron, a Chinese company supported by the country's Communist party.
Yahoo! Finance
Samsung Display, the display making arm of Samsung Electronics, is poised to fully shut down its unprofitable liquid crystal display panel business for televisions in June, after over 30 years of operation.
Korea Herald
JAKARTA, May 30 (Reuters) - Indonesia?? biggest tech company PT GoTo Gojek Tokopedia Tbk posted a 22.43 trillion rupiah ($1.54 billion) net loss last year, according to the firm?? 2021 annual report filed to the stock exchange on Monday. Losses widened from 16.74 trillion rupiah in 2020, the report showed.
Reuters
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
Indonesia, one of the biggest emitters in the world, is planning to launch its pilot emissions trading scheme in July, which can possibly become the first national carbon market in Southeast Asia.
The Conversation
Germany soon will get a major boost to its DC fast charging infrastructure to support the electrification of the market. Following the global framework agreement (GFA) announcement, ABB and Shell announced the first major project, which will result in the installation of more than 200 Terra 360 chargers nationwide in Germany in the next 12 months.
InsideEVs
Shell and BYD announced a strategic cooperation agreement related to plug-in electric vehicles in China and Europe, as well as potentially in other regions across the globe in the future. The main topic of the deal is electric vehicle charging, which reminds us of the previous deal between Shell and NIO, about battery swapping stations and charging stations in China and Europe.
InsideEVs
From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors. Advanced Electric Machines (AEM) in northern England, which is working with Volkswagen luxury brand Bentley and others in the auto industry to develop recyclable electric motors free of rare earth metals, which are often produced using polluting chemicals.
Reuters
Toyota Group plans to invest 48 billion Indian rupees ($624 million) to make electric vehicle components in India, as the Japanese carmaker works toward carbon neutrality by 2050. Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts signed a memorandum of understanding with the southern state of Karnataka to invest 41 billion Indian rupees, the group said in a statement Saturday. The rest will come from Toyota Industries Engine India.
Japan Times (USE The Japan Times)
Tesla beat 1st quarter income expectations with more than double previous quarters' carbon credit sales. Tesla has been criticized for its previous years' earnings being dependent on the sales of its carbon credits. These credit sales have been a major driver of Tesla's profits over the years.
Carbon Credits
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
TSMC is considering building a semiconductor factory in Singapore to help address a global supply shortage, according to people familiar with the matter.
Wall Street Journal
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
Samsung Electronics is talking with foundry clients about charging as much as 20% more for making semiconductors this year, joining an industry-wide push to hike prices to cover rising costs of materials and logistics.
Bloomberg
Chipmaker Micron Technology on Thursday announced it was experimenting with a new pricing model for its chips called forward pricing agreements that would aim to stabilize the steep price fluctuations that plague the industry.
Reuters
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
More and more car manufacturers now bet on SiC and GaN, and chipmakers are transforming their business to take advantage of the electric-vehicle market's explosive growth.
EE Times
The board of Twitter has agreed to a US$44bn takeover offer from the Tesla billionaire Elon Musk.
BBC News
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