This year's 618 shopping festival, which lasted for several weeks until June 18, is the first since China ended its virus control policies and was highly anticipated to stimulate an increase in consumer spending. However, the actual sales between June 1 and June 7 in the smart devices market didn't meet expectations. Consumers opted for high-quality products but were more price sensitive this year.

Singapore is benefiting from the US-China discord in at least one respect: semiconductor sales.

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.

Apple is facing an unprecedented wave of executive departures. Also: The company will shake up its sales operations with a focus on India, a yellow iPhone arrives, and Amazon's Ring and Sonos introduce key new products.

Nvidia, Advanced Micro Devices (AMD) and other tech firms are scrambling to assess whether they must halt sales to units of China's Inspur Group after its addition to a US export blacklist last week.

While chip sales reached the highest-ever annual total in 2022, the slowdown in the second half of the year substantially limited growth. A deeper dive into the year-end data reveals how this pattern is consistent with the semiconductor industry's predictable cycle and why the current short-term downturn does not change the reality that long-term growth prospects for this foundational technology remain very promising.

The job cuts are expected to affect about 5% of its global workforce.

Texas Instruments suffered its first sales decline since 2020 and gave a tepid forecast for the current quarter, hit by an industry slump.

China's top nuclear-weapons research institute has bought sophisticated US computer chips at least a dozen times in the past two and a half years, circumventing decades-old American export restrictions meant to curb such sales.

Merck does not anticipate that a projected decline in smartphone sales this year will weigh on its semiconductor chemicals business, CEO Belen Garijo told Reuters on Thursday, insisting the market remained attractive.

The latest US salvo in the chip war against China will set back its domestic chipmakers by generations, while global suppliers of semiconductors and fab tools will incur billions of dollars in lost sales because of a giant dent in demand out of China.

US chip toolmaker KLA will cease offering some supplies and services from Wednesday to China-based customers including South Korea's SK Hynix in compliance with recent US regulations, a source familiar with the situation said on Tuesday.

Taiwan Semiconductor Manufacturing Co. reported higher-than-expected quarterly revenue, signaling the chip giant is benefiting from market share gains to weather an industry slowdown.

The US Department of Commerce (DoC) added limits on exports of chips and related production tools to China, citing national security concerns. Following the announcement, US Senate Majority Leader Chuck Schumer noted he is pressing for further restrictions.

Tighter restrictions on US semiconductor and equipment sales are set to test China's artificial intelligence superpowers as Washington removes a key plank of next-generation technological development.

HP reported quarterly sales that missed estimates and reduced its annual profit forecast on falling demand for personal computers and printers, especially among consumers. The shares fell in extended trading.

Chinese smartphone maker Oppo and its sub-brand OnePlus have halted sales of smartphones in Germany after losing a patent lawsuit with Nokia.

There are nearly 60 countries that plan to ban the sale of internal-combustion-engine vehicles (ICEVs). There are also more than 45 cities that have ICEV bans or restrictions on future ICEV sales and/or use. In the US, ICEV bans are on the horizon in at least 12 states.

Apple reported an almost 11% decline in profit after weathering supply constraints and shutdowns in China, although iPhone sales continued to grow, remaining resilient despite economic challenges.

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.

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.

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.

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.

General Motors and Honda Motor said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027 in a bid to beat Tesla in sales.

Intel is increasing its reliance on erstwhile rival TSMC in its attempt to boost sales and eventually regain dominance as the world leader in manufacturing scale and chip process technology.

Siltronic AG (SDAX/TecDAX: WAF) recorded a significant increase in sales and earnings in 2021. This excellent development is primarily based on a strong increase in wafer area sold.

Samsung Electronics is stepping up spending on advanced chipmaking technology as it sees growing demand for its smartphones, displays and memory products.

Xiaomi Corp. recorded its slowest pace of quarterly sales growth since early 2020 after supply chain mayhem choked off the flow of vital components and rivals like Apple Inc. eroded its market share.

Total consolidated revenue was a quarterly record of KRW73.98 trillion (US$63.4 billion), a 10% increase from a year earlier, which was the previous high. Operating profit increased 26% from the previous quarter to KRW15.82 trillion, the second-highest ever, as favorable market conditions continued in the memory market while the foundry and display businesses achieved robust sales.

JP Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple's iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.

Samsung Electronics is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts' estimates show.

New car sales plunged over the last three months in the United States despite strong demand, as the shortage of computer chips and other supply chain issues caused shutdowns at auto factories and choked off the supply of vehicles.

Marvell Technology customers have broadly been willing to accept price increases in exchange for steady chip supply, the company's chief executive said on Thursday as it reported better-than-expected quarterly sales.

Toshiba said on Thursday it swung back to profit in the first quarter, as sales of automotive chips and hard disk drives recover from a pandemic-driven slump in demand.

Microsoft posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services.

Apple's profits almost doubled in its latest quarter to US$21.7 billion, as iPhone sales surged and anticipated component shortages failed to bite.

Advanced Micro Devices gave a bullish third-quarter sales forecast, indicating it's gaining market share from Intel in the lucrative market for server chips.

Bitmain, China's biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing's ban on bitcoin mining.

Export controls against China will not only fail to halt its technological progress but also hurt the US economy, ASML CEO Peter Wennink said, after trade tensions between Washington and Beijing led to restrictions on the sale of the Dutch company's advanced chip equipment to Chinese firms.

ASML sharpened its full-year guidance as demand for its chip-making equipment soared during the global semiconductor shortage.