Around the web
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Taiwan Semiconductor Manufacturing Company has reopened a lead over internet giant Tencent Holdings as Asia's biggest company by market value, helped by a resumed rally in chip stocks.
Bloomberg
Singapore is benefiting from the US-China discord in at least one respect: semiconductor sales.
Bloomberg
The UK government has announced an investment of up to GBP1 billion (US$1.24 billion) in the domestic semiconductor industry, but has been criticized for declining to join the spending race that has seen the US and EU announce significantly bigger programs.
Guardian
Seoul has signalled it will not intervene to stop South Korean companies Samsung and SK Hynix from filling in a market gap after China imposed a ban on US chipmaker Micron, in an escalation of the tech battle between the superpowers.
The Financial Times
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
Dongfang Jingyuan Electron, a semiconductor software firm, is weighing filing for an initial public offering in China as soon as next year, according to people familiar with the matter, as the country spars with developed democracies over access to chipmaking technology.
Bloomberg
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
Arm has secretly filed for a public listing that its owner, SoftBank, says will see the chip design firm remain a subsidiary.
The Register
A man widely seen as the godfather of artificial intelligence (AI) has quit his job, warning about the growing dangers from developments in the field.
BBC News
The Alibaba co-founder, who has an estimated fortune of $33 billion, has largely kept a low profile since the Chinese government began a fierce crackdown on the tech sector more than two years ago.
CNN
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
"We think TSMC will move to normal wafer-based pricing on N3 with Apple during the first half of 2024, at around $16-17K average selling prices," Brett Simpson, senior analyst at Arete Research, said in a report. "At present, we believe N3 yields at TSMC for A17 and M3 processors are at around 55% [a healthy level at this stage in N3 development], and TSMC looks on schedule to boost yields by around 5+ points each quarter."
EE Times
Seagate yesterday agreed to pay a $300 million fine for selling hard disk drives to Huawei, settling US government officials' allegation that shipments to the Chinese company violated export controls imposed in 2020. The fine is "the largest standalone administrative penalty" ever issued by the US Department of Commerce's Bureau of Industry and Security (BIS), the agency said.
Ars Technica
Tesla says it has no plans to stabilise the prices of its popular electric vehicles, despite repeated price cuts denting its profits.
BBC News
Changxin Memory Technologies plans to file for a domestic initial public offering this year that could value the Chinese chipmaker north of $14.5 billion, a milestone debut that could help galvanize the country's technology aspirations.
The White House has asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans Idaho-based Micron from selling chips, as it tries to rally allies to counter Chinese economic coercion.
The Financial Times
The Biden administration is beginning to plan for 6G wireless telecommunications, seeking to expand internet access while reasserting US leadership in a sector where China has notched gains.
Wall Street Journal
Apple Chief Executive Tim Cook has launched the company's first retail store in India in the financial capital Mumbai.
BBC News
Apple's regular series of record-setting Mac sales sprees seems to be taking a raincheck. As economic malaise ate a huge chunk of PC sales in the first quarter of 2023, the Mac maker was the worst affected of all, according to preliminary results from IDC.
Computerworld
Chinese technology giant Alibaba has announced plans to roll out its own artificial intelligence (AI) ChatGPT-style product called Tongyi Qianwen.
BBC News
Intel's bold plan to enter the custom chipmaking industry is aimed at countering the dominance of TSMC and boosting supply of leading-edge manufacturing. Instead, the move will likely split the market in three, leaving the US giant stuck in the middle.
Bloomberg
Some of the biggest names in tech are calling for artificial intelligence labs to stop the training of the most powerful AI systems for at least six months, citing "profound risks to society and humanity."
CNN
Terry Gou, founder of major Apple supplier Foxconn, is seeking the presidential nomination for Taiwan's main opposition party for a second time.
BBC News
Samsung Electronics' first-quarter profit is expected to plunge 92% to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown.
Reuters
AT&T and Nvidia have announced a collaboration in which AT&T will continue to transform its operations and enhance sustainability by using Nvidia-powered AI for processing data, optimizing service-fleet routing and building digital avatars for employee support and training.
Company release
While 5G is still in the early stages of deployment in many markets, and most commercially available networks are non-standalone, the industry is already experimenting with the possibilities of next-generation 6G cellular networks - and the IoT will be incremental to realizing those innovations.
EE Times
Beijing announced a cybersecurity review of Micron Technology, a top-tier U.S. chip maker, on Friday. The measure, which many industry analysts had expected, is China's most significant stroke of retaliation against Washington over its campaign to sever China's access to high-end chips.
New York Times
In tribute to his visionary mind and work, we are reviving below an interview he gave EE Times after receiving the EE Times Annual Creativity in Electronics (ACE) Award for his lifetime achievement at a ceremony in San Francisco on March 9, 2005. Moore sat down with EE Times editors to discuss the industry's past, present and future.
EE Times
Artificial intelligence chip startup Cerebras Systems on Tuesday said it released open source ChatGPT-like models for the research and business community to use for free in an effort to foster more collaboration.
Reuters
SK Hynix has divided its procurement team for the first time, a move meant to strengthen the purchasing of components and equipment used in the back end of chip production.
Thelec
News broke yesterday of Oppo and OnePlus' potential exit from important European markets. While OPPO maintained that its business in the UK and Europe remains "normal," OnePlus' statement outright rejected any plans to exit the regions. Now, a third statement from the Oppo press team in Europe brings more doubts than clarifications on what's really happening behind the scenes.
Andorid Authority
Jack Ma might be one of Beijing's best chances at repairing its reputation with the private sector in China and beyond. But the billionaire has been circumspect about invitations from authorities.
Bloomberg
Huawei has reportedly completed work on electronic design automation (EDA) tools for laying out and making chips down to 14nm process nodes.
The Register
"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
Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV crossover is part of Ford's plans to transition its European lineup to be entirely electric by 2030. Other than the Explorer name and some design attributes, the new vehicle shares little to nothing with the gas-powered SUV in the U.S., or a plug-in hybrid version that's currently available in Europe.
CNBC
"The challenge for Ford and for everybody else is trying to figure out how to provide these kinds of mobility services and actually build a viable, self-sustaining business out of it while keeping the cost of the service affordable for people using the services," said Sam Abuelsamid, principal research analyst at Guidehouse Insights. "They're still struggling. Everybody is still struggling with that part of it." Ford has scaled back its ambitions and is focusing on technology that can make money in the near term.
CNBC
Ford Motor is about to tell investors what they've long wondered: How much is the transition to electric vehicles costing? The automaker on Thursday plans to begin reporting its financial results by business unit, instead of by region, ushering in the new reporting structure with a "teach-in" for analysts and media - on the theme of "Ford Refounded" - and releasing revised versions of its financial results that will reveal how the new business units would have performed in 2021 and 2022.
CNBC
Manufacturers and operators of electric vehicle chargers in the United States are bracing for a slowdown in production and deployment as they scramble to comply with "Made in America" terms of a $7.5 billion federal program meant to accelerate the industry. Long-awaited rules laid out by the White House last month are part of President Joe Biden's effort to build an electric-friendly highway system by 2030, tackling climate change and creating local jobs.
Reuters
BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world's largest auto market is affecting its best-selling electric vehicle brand. BYD, which outsells Tesla in China, asked some of the workers at its Xian plant, its biggest manufacturing hub, to work only four days a week in a factory running two eight-hour shifts per day, according to three people and an internal memo sent earlier this month and reviewed by Reuters.
Reuters
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