Chip manufacturing equipment supplier Lam Research forecast second-quarter revenue slightly below Wall Street estimates on Wednesday due to weak memory chip demand, even though its China business continues to boom.

Tech companies are touting new AI technology that can spit out business memos or computer code. They are still figuring out how those products will generate a profit.

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.

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.

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.

Intel CEO Pat Gelsinger sees the first signs of a turnaround in the company's business during his nearly two years at the helm of the top US chipmaker, he said yesterday. Analysts contacted by EE Times were less optimistic.

Google has reached a key milestone in designing server processors aimed at reducing the cost of operating its data centers and keeping up with cloud business rival Amazon, according to one person with direct knowledge of the project and one person who was briefed about it. The progress means Google could start using the new chips by 2025, one of these people said.

SoftBank's chip technology firm Arm's China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to two sources familiar with the situation.

"As part of a recent all-employee meeting, we shared the cost saving actions we are taking across our business in response to the current macroeconomic environment including reducing corporate and manufacturing overhead costs as well as selectively reducing our workforce by less than 800 employees globally before the end of the year," said Julie Moynehan, a spokesperson for GF.

CEO Pat Gelsinger told employees that Thakur will continue lead Intel's foundry unit through the first quarter of 2023 to ensure 'a smooth transition.'

Silicon Labs' exit from any business not related to wireless connectivity and IoT devices marks the beginning of the company's journey to becoming a "pure-play" IoT chip designer, according to Silicon Labs CEO Matt Johnson.

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.

Wolfspeed, the wide-bandgap chipmaker focused on silicon carbide and gallium nitride devices, plans to spend up to $5 billion to chase demand in the electric vehicle business that shows no signs of slowing down.

Nvidia on Monday warned its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business, sending the chip designer's shares down about 5% in early trading.

Denso, a key supplier to Toyota Motor, may consider spinning off its chip business, the company's chief technology officer said Friday.

Samsung Display, the display making arm of Samsung Electronics, is poised to fully shut down its unprofitable liquid crystal display panel business for televisions in June, after over 30 years of operation.

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.

More and more car manufacturers now bet on SiC and GaN, and chipmakers are transforming their business to take advantage of the electric-vehicle market's explosive growth.

Ericsson said it had suspended business with customers in Russia "indefinitely," extending a halt from February that was originally billed as temporary, following sanctions imposed as a result of Russia's war in Ukraine.

"Intel continues to join the global community in condemning Russia's war against Ukraine and calling for a swift return to peace. Effective immediately, we have suspended all business operations in Russia. This follows our earlier decision to suspend all shipments to customers in Russia and Belarus," Intel said in a statement.

Musk could use his ownership stake to influence Twitter's business plan or its policies.

Analog Devices has announced it will invest EUR100 million over the next three years in ADI Catalyst, a 100,000 square foot custom-built facility for innovation and collaboration located at its campus in the Raheen Business Park in Limerick, Ireland.

Rob Crooke, CEO of Solidigm and a 10-year veteran of Intel's memory business, told CRN that while the memory business has been a profitable one for Intel, Intel realized that to get the scale needed to continue to serve customers' growing memory and SSD requirements required a huge investment in scale, and the SK Hynix had the scale necessary.

The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to US national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies' dealings with US firms.

Samsung Electronics is expected to announce large-scale merger and acquisition (M&A) deals soon. German chipmaker Infineon Technologies and Dutch semiconductor company NXP Semiconductor have emerged as Samsung's M&A targets as it aims to foster its non-memory business.

China's ride-hailing firm Didi Global on Wednesday reported a 1.7% decline in third-quarter revenue, as its domestic business took a hit from a regulatory crackdown.

South Korea's SK Hynix said on Wednesday it has received merger clearances from the Chinese antitrust authority for its acquisition of Intel's NAND memory chip business, clearing the way for the world's second-largest memory chip maker to completion of securing regulatory approvals from all eight countries.

SK Hynix is expected to acquire Key Foundry to strengthen its foundry business.

Merck plans to invest more than EUR3 billion (US$3.5 billion) through 2025 in its electronics business to capitalize on rising demand for semiconductor and display panel materials.

China will set up a new stock exchange in Beijing, giving the nation's capital and political center more influence in the world of business and finance.