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Facebook rose to prominence over the past two decades with some of the world's most recognizable branding: a big blue-and-white letter F. No longer. On Thursday, the social networking giant took an unmistakable step toward an overhaul, de-emphasizing Facebook's name and rebranding itself as Meta.
New York Times
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.
Company release
The global semiconductor chip shortage cost Volkswagen and Stellantis a combined 1.4 million vehicles in lost production in the third quarter, Europe's two biggest carmakers said on Thursday, though both reported some early signs of improvement.
Reuters
Personal consumption slowed sharply, due in part to a drop in outlays for cars, Commerce Department data showed Thursday. That subtracted 2.39 percentage points from gross domestic product growth and drove the decline in goods spending in the period, as automakers had a tough time keeping dealer lots full.
Bloomberg
Today at its inaugural Intel Innovation event, Intel returned to its developer roots, highlighting a renewed commitment to the community and a developer-first approach across software and hardware. Announcements spanning new products, developer tools and technologies underscore Intel's focus on empowering an open ecosystem, ensuring choice for developers to use the tools and environments they prefer, and building trust and partnership across cloud service providers, open source communities, startups and others.
Company release
SK Hynix is expected to acquire Key Foundry to strengthen its foundry business.
BusinessKorea
Few people could have predicted the downward spiral for Alibaba, when founder Jack Ma delivered a blunt criticism of China's financial system last October.
Bloomberg
Intel's plans for a multibillion-dollar investment in a new US semiconductor plant hang in part on Congress moving on a stalled plan to bolster the domestic chip industry, the company's chief executive said.
Bloomberg
Micron Technology said on Wednesday it is considering building a new memory factory in the United States but that state and federal subsidies will be needed to offset costs that are higher than its factories in Asia.
Reuters
Micron Technology is planning to build a DRAM plant in Hiroshima prefecture, western Japan, for as much as JPY800 billion (US$6.98 billion), the Nikkan Kogyo newspaper reported Wednesday, without attribution.
Bloomberg
For around a year now, Apple has been switching to its own M-family processors across the Mac range - starting with the M1-equipped Mac mini, MacBook Air and entry-level MacBook Pro in November 2020, and culminating most recently in the high-end MacBook Pros with M1 Pro and M1 Max chips announced last night. In the process the company has abandoned Intel's processors after 15 years of collaboration.
MacWorld
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.
Reuters
Apple is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product, according to people with knowledge of the matter.
Bloomberg
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.
Reuters
In an exclusive interview with Time magazine, TSMC chairman Mark Liu said his team has to triangulate different data points to decipher which customers were truly in need and which were stockpiling.
Time
The semiconductor chip shortage that is hamstringing the production of products ranging from cars and computers to appliances and toothbrushes will extend into 2022 and potentially beyond that, the CEO of semiconductor company Marvell Technology said.
CNBC
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.
CNN
The Biden administration is pressuring companies involved in the semiconductor supply chain to be more transparent as the global chips shortage continues to wreak havoc across many industries, officials said.
Bloomberg
ASML increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products.
Reuters
Renesas Electronics on Wednesday unveiled plans to raise its capacity to supply a key component in cars and electronics more than 50% by 2023, as some industry watchers predict a global chip shortage could last into next year and beyond.
Nikkei Electronics Asia
Micron Technology forecast current-quarter revenue below analysts' expectations and warned that shipments for its memory chips were set to dip in the near term as its customers making personal computers face shortages of other parts.
Reuters
Power rationing and forced cuts to factory production in China are widening amid electricity supply issues and a push to enforce environmental regulations.
Bloomberg
Having said that, the rise of RISC-V cannot be ignored. Introduced in 2010, RISC-V ISA has become more reliable and promising with a series of new tape-outs from members and incremental ecosystem support.
Counterpoint
Texas Instruments (TI) has announced its gallium nitride (GaN) technology and C2000 real-time microcontrollers (MCUs) are being combined with Delta Electronics' high-efficiency power electronics expertise in the design of an enterprise server power-supply unit (PSU) for datacenter applications.
Company release
Chinese auto-chip startup Black Sesame Technologies said on Wednesday that it had raised "hundreds of millions of dollars" from Xiaomi and other investors as China accelerates development of its semiconductor industry.
Reuters
US automaker General Motors will source more semiconductors directly from manufacturers to adapt to the ongoing global chip shortage, its CEO Mary Barra said on Friday.
Verdict
Infineon Technologies and Robert Bosch were forced to halt key chip factories in Germany after a power failure, potentially exacerbating a global semiconductor supply crunch.
Bloomberg
The EU must offer at least EUR20 billion (US$23.51 billion) in subsidies if it wants to "move the needle" on computer chipmaking in the bloc, according to the head of Soitec.
The Financial Times
Xiaomi has announced a pair of smart glasses called Xiaomi Smart Glasses. A company spokesperson tells The Verge that there's no plan to actually put them on sale, but Xiaomi has provided enough detail to make the concept product seem somewhat plausible - at least for some point in the future.
The Verge
South Korea's antitrust regulator has fined Alphabet's Google KRW207 billion (US$176.64 million) for blocking customised versions of its Android operating system (OS), in the US technology giant's second setback in the country in less than a month.
Reuters
Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings, a blank-check firm, according to people with knowledge of the matter.
Bloomberg
China's government on Wednesday summoned gaming firms including Tencent Holdings and NetEase to ensure they implement new rules for the sector.
Reuters
Intel plans to build new chip-making facilities in Europe valued at up to $95 billion, responding to a cross-border race to add manufacturing capacity at a time of a global chip-supply crunch.
Wall Street Journal
Toshiba said it won't be able to meet demand for power-regulating chips for another year and, in certain cases, through the end of 2022, offering a fresh warning for makers of cars, consumer electronics and industrial machines struggling with component shortages.
Bloomberg
Infineon Technologies and Panasonic have signed an agreement for the joint development and production of the second generation of their proven gallium nitride (GaN) technology, offering higher efficiency and power density levels. The outstanding performance and reliability combined with the capability of 8-inch GaN-on-Si wafer production mark Infineon's strategic outreach to the growing demand for GaN power semiconductors.
Company release
The chip shortage that is disrupting global car production could continue into 2022 and even 2023, a leading German car industry figure has said.
BBC News
China's regulatory efforts to increase control over its technology sector adds another "decoupling engine" to the global economy, which could weigh on Chinese growth prospects, the former head of the World Trade Organization said.
Bloomberg
As carmakers gathered in Munich on Monday to launch almost exclusively zero- or low-emission vehicles, an ongoing semiconductor shortage cast a long shadow over the first major car show since before the pandemic began.
Reuters
The city of Taylor, Texas - one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant - plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant.
Reuters
The closing of the acquisition of Dialog, following the landmark acquisitions of Intersil and IDT, reinforces Renesas as a premier embedded solution provider.
Company release
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