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The US awards Intel up to $7.865B under the CHIPS Act to help build or expand plants in Arizona, New Mexico, Ohio, and Oregon, including $1B+ later in 2024 (Thomas Gryta/Wall Street Journal)
Thomas Gryta / Wall Street Journal: The US awards Intel up to $7.865B under the CHIPS Act to help build or expand plants in Arizona, New Mexico, Ohio, and Oregon, including $1B+ later in 2024 — Government grant is less than originally expected because the chip giant is also receiving separate funding for defense
Published: 2024-11-26 10:15:02
Huawei unveils the $760+ Mate 70 series, powered by its HarmonyOS Next, calling the flagship device the "smartest" Mate phone, as it faces US chip curbs (New York Times)
New York Times: Huawei unveils the $760+ Mate 70 series, powered by its HarmonyOS Next, calling the flagship device the “smartest” Mate phone, as it faces US chip curbs — Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market. Now it is rolling out its newest phone, the Mate 70 series.
Published: 2024-11-26 09:55:00
Drake launches legal action against UMG and Spotify for allegedly using bots, payola, and more to inflate Kendrick Lamar's Not Like Us, a track attacking Drake (Bill Donahue/Billboard)
Bill Donahue / Billboard: Drake launches legal action against UMG and Spotify for allegedly using bots, payola, and more to inflate Kendrick Lamar's Not Like Us, a track attacking Drake — In a legal petition, the star's company accuses UMG of serious wrongdoing — a stunning twist months after his high-profile feud with Kendrick.
Published: 2024-11-26 09:10:01
Sources: Xiaomi prepares its own mobile chip for its smartphones, to reduce reliance on Qualcomm and MediaTek, with mass production expected to begin in 2025 (Bloomberg)
Bloomberg: Sources: Xiaomi prepares its own mobile chip for its smartphones, to reduce reliance on Qualcomm and MediaTek, with mass production expected to begin in 2025 — - Chinese firm is said to use in-house chips on 2025 phones — Xiaomi's smartphone, EV businesses needs steady chip supply
Published: 2024-11-26 06:50:00
Sources: Apple held talks with local tech firms to help power Apple Intelligence in China; a CAC official says approval will be difficult without local partners (Financial Times)
Financial Times: Sources: Apple held talks with local tech firms to help power Apple Intelligence in China; a CAC official says approval will be difficult without local partners — Official at top regulator says path to approval will be easier if US tech group finds local partners
Published: 2024-11-26 06:00:38
A Japanese government source says Japan's FTC raided Amazon Japan on November 26 over allegations of inappropriately urging sellers to lower prices on Amazon (Reuters)
Reuters: A Japanese government source says Japan's FTC raided Amazon Japan on November 26 over allegations of inappropriately urging sellers to lower prices on Amazon — Japan's Fair Trade Commission on Tuesday conducted an on-site inspection of Amazon Japan on suspicion of violating anti-monopoly laws, a government source said.
Published: 2024-11-26 05:50:01
Sources: Qualcomm's interest in an Intel acquisition has cooled; CEO Cristiano Amon says "right now, at this time, we have not identified any large acquisition" (Bloomberg)
Bloomberg: Sources: Qualcomm's interest in an Intel acquisition has cooled; CEO Cristiano Amon says “right now, at this time, we have not identified any large acquisition” — - A deal would likely have been one of the largest ever in tech — Qualcomm “hasn't identified large acquisition,” CEO said
Published: 2024-11-26 03:20:02
A look at Bluesky's moderation efforts as its growth surges; Bluesky plans to quadruple the size of its contract workforce of content moderators from 25 to 100 (Casey Newton/Platformer)
Casey Newton / Platformer: A look at Bluesky's moderation efforts as its growth surges; Bluesky plans to quadruple the size of its contract workforce of content moderators from 25 to 100 — This article includes references to child sexual abuse material (CSAM). — Aaron Rodericks didn't know what he was looking at.
Published: 2024-11-26 02:15:06
Telegram's H1 2024 unaudited financial docs: revenue up 190% YoY to $525M, a $335M post-tax profit, and $1.3B in digital assets, up from $400M at 2023's end (Financial Times)
Financial Times: Telegram's H1 2024 unaudited financial docs: revenue up 190% YoY to $525M, a $335M post-tax profit, and $1.3B in digital assets, up from $400M at 2023's end — Revenues leapt to $525mn in first half of 2024 before chief Pavel Durov was detained over alleged criminality on platform
Published: 2024-11-26 01:40:00
Brazil's antitrust regulator says Apple must allow app developers to link to external payment methods and to offer other in-app payment processing options (Reuters)
Reuters: Brazil's antitrust regulator says Apple must allow app developers to link to external payment methods and to offer other in-app payment processing options — Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases …
Published: 2024-11-26 01:15:11
A ransomware attack on Blue Yonder, a major supply chain software provider, is disrupting operations at Starbucks, the UK's Sainsbury's, and other retailers (Wall Street Journal)
Wall Street Journal: A ransomware attack on Blue Yonder, a major supply chain software provider, is disrupting operations at Starbucks, the UK's Sainsbury's, and other retailers — Attack strikes operations managed through Blue Yonder, one of the largest supply chain technology providers
Published: 2024-11-26 00:00:48
N-able, which sells software for managed service providers and spun off from SolarWinds in 2021, acquires DC-based cybersecurity company Adlumin in a $266M deal (Maria Deutscher/SiliconANGLE)
Maria Deutscher / SiliconANGLE: N-able, which sells software for managed service providers and spun off from SolarWinds in 2021, acquires DC-based cybersecurity company Adlumin in a $266M deal — N-able Inc., a supplier of software for managed service providers, is acquiring partner Adlumin Inc. to expand its cybersecurity portfolio.
Published: 2024-11-25 22:35:00
Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., a $207M net income, up from $141M YoY, and changes its corporate name to Zoom Communications Inc. (Jordan Novet/CNBC)
Jordan Novet / CNBC: Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., a $207M net income, up from $141M YoY, and changes its corporate name to Zoom Communications Inc. — Zoom shares were down 4% in extended trading on Monday after the video calling software maker announced strong fiscal third-quarter results …
Published: 2024-11-25 21:55:08
Tron founder Justin Sun invests $30M in Trump's World Liberty Financial, making him the largest investor in the DeFi project (Teresa Xie/Bloomberg)
Teresa Xie / Bloomberg: Tron founder Justin Sun invests $30M in Trump's World Liberty Financial, making him the largest investor in the DeFi project — - China-born crypto entrepreneur is project's largest investor — SEC sued Sun last year for violating securities regulations
Published: 2024-11-25 21:05:01
A US judge sets an April 14 trial date for an FTC lawsuit, filed in 2020, alleging that Meta's acquisitions of Instagram and WhatsApp violated antitrust laws (Jody Godoy/Reuters)
Jody Godoy / Reuters: A US judge sets an April 14 trial date for an FTC lawsuit, filed in 2020, alleging that Meta's acquisitions of Instagram and WhatsApp violated antitrust laws — Facebook owner Meta Platforms (META.O) will face trial in April over the U.S. Federal Trade Commission's allegations …
Published: 2024-11-25 20:40:01
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