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China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world's second economy is itself the problem.
CNN
SK Telecom, South Korea's dominant mobile carrier and sibling of chipmaker SK hynix, has declared that 5G was over-hyped, has under-delivered, and has failed to deliver a killer app.
The Register
China's central bank has cut one of its key interest rates for the second time in three months as the world's second-largest economy struggles to bounce back from the pandemic.
BBC News
Perhaps Steve Jobs was right to limit the amount of time he let his children use iPhones and iPads - a tradition Apple maintains with its Screen Time tool, which lets parents set limits on device use. Now, an extensive UNESCO report suggests that letting kids spend too much time on these devices can be bad for them.
Computerworld
Apple is quietly working on artificial intelligence tools that could challenge those of OpenAI, Alphabet's Google and others, but the company has yet to devise a clear strategy for releasing the technology to consumers.
Bloomberg
The Vision Pro has its own dedicated division inside of the company.
Bloomberg
Sony Semiconductor Solutions president Terushi Shimizu on Friday said that the land the company plans to acquire in Kumamoto Prefecture will be the site of a planned image sensor plant.
The Japan News
Even if the Federal Reserve had begun raising interest rates nine months earlier, US inflation wouldn't be any lower today than it is now.
Fortune
Apple knows its products are already used across the manufacturing industry; this week it held a special event dedicated to Industry 4.0 at the heart of its APAC manufacturing chain in Korea.
Computerworld
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.
IDC
On Tuesday, BBC Radio 4's Today program aired an interview with Paul McCartney in which he announced that thanks to AI technology, a "final Beatles record" has been finished and will be released later this year. He said that AI techniques have isolated John Lennon's vocals from an old cassette tape demo, enabling him to complete the song.
Ars Technica
Apple, having debuted the Vision Pro headset at $3,500, is already working on a cheaper model to get the new product category onto the faces of more people.
Bloomberg
Though technology companies announced massive layoffs last year, 2023 has been much worse. So far, layoffs have far outpaced those in all of 2022, as tech giants including Amazon, Facebook parent company Meta, Microsoft, Google, IBM, SAP, and Salesforce - as well as many smaller companies - announce sweeping job cuts.
Computerworld
British chip designer Arm, backed by SoftBank, is in talks with potential strategic investors including Intel to anchor what will be one of the largest initial public offerings of the year, according to people familiar with the matter.
Bloomberg
The exhibitors and speakers at both Computex and its related InnoVEX Forum certainly demonstrated a mood of optimism for Taiwan's crucial role in the AI economy.
EE Times
The ecosystem for commercial chiplets-one where a marketplace of chiplets from many vendors can be incorporated into a multichip SoC by multiple packaging vendors with mix-and-match ease-has yet to appear.
EE Times
It's been rumored that Apple would release a mixed-reality headset to the public for several years. Bloomberg's Mark Gurman has steadily dripped details about the headset in recent months ahead of its expected WWDC 2023 unveil.
Tom's Hardware Guide
Speaking to the Financial Times, Jensen Huang said US export controls introduced by the Biden administration to slow Chinese semiconductor manufacturing had left the Silicon Valley group with "our hands tied behind our back" and unable to sell advanced chips in one of the company's biggest markets.
The Financial Times
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
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
"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
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
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
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
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
Huawei Technologies has replaced more than 13,000 parts in its products that were hit by US trade sanctions, the Chinese tech giant's founder said, according to a speech transcript posted on Friday by a Chinese university.
Reuters
US regulators said Silicon Valley Bank depositors would be fully repaid as they acted to shore up the banking system after the lender's implosion, unveiling emergency funding measures and closing down a second financial institution.
The Financial Times
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.
Reuters
Apple has a moonshot-style project underway that dates back to the Steve Jobs era: noninvasive and continuous blood glucose monitoring.
Bloomberg
Forrester Research analyst Rowan Curran told MarketWatch that ChatGPT is an "iPhone moment for AI," citing Apple's reinvention of consumer electronics in 2007.
MarketWatch
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.
SIA
It's hard to feel sorry for Silicon Valley tech workers. From high salaries and generous stock options to nap pods and unlimited time off, they're among the most privileged class of employees in the world. Conversely, there's no denying that these pampered staffers engineered a technology revolution that's brought untold economic and social value to the entire planet.
Bloomberg
Apple's earnings were an even bigger disaster than expected thanks to a combination of a stronger US dollar, global economic malaise, and more strife at its China factories. That analysts were unable to model for each of these known factors could signal that problems will persist even after supply returns to normal.
Bloomberg
Third-party retailers in China are offering discounts of as much as 10% on Apple's iPhone 14 Pro amid sluggish demand for smartphones.
Reuters
Apple is set to sign up Chinese contract manufacturer Luxshare Precision Industry to produce premium iPhone models, the Financial Times reported on Wednesday, citing sources familiar with the matter. Luxshare has been producing small numbers of the iPhone 14 Pro Max at its Kunshan plant, to make up for lost production at Foxconn's Zhengzhou factory last year.
Yahoo! Finance
During the CES 2023 show, electric vehicles and robotic tractors take center stage.
Bloomberg
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