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Latest news and trends for industry
04
Nov
Intel CEO slams federal delays in CHIPS Act funding, calls out media on ‘irresponsible’ takeover rumors
- Posted by jeff
Following Intel’s disappointing financial results, CEO Pat Gelsinger addressed Bloomberg and Yahoo Finance, openly criticizing the Biden administration for delays in CHIPS and Science Act subsidies. He further condemned recent media speculation on potential Intel acquisitions as “irresponsible rumors,” emphasizing the company’s commitment to independence.
04
Nov
Smart mobility raises parking infrastructure concerns
- Posted by jeff
Countries are making significant investments in smart city applications. According to one survey, consumers spend 70% of their time on transportation, making smart traffic management a lucrative opportunity for a variety of firms. Smart parking management systems integrated with charging stations have gained popularity, with businesses such as Acer and Asustek Computer targeting this market through their respective affiliates.
04
Nov
Unprecedented: Samsung reportedly to cut 30% of foundry staff, plan 50% line closure by year-end
- Posted by jeff
Samsung Electronics has launched an unprecedented four-round voluntary retirement program, aiming to cut more than 30% of its foundry workforce.
04
Nov
Apple to buy Pixelmator, maker of popular photo-editing apps
- Posted by jeff
Apple Inc. agreed to buy software maker Pixelmator, adding a popular high-end photo-editing app to its lineup.
04
Nov
Toshiba fights back, aiming to double power chip market share to rival global giants in 2030
- Posted by jeff
Toshiba Electronic Devices & Storage has set an ambitious target to boost its market share in the global power semiconductor market from the current 3.2% to a double-digit percentage by 2030, according to General Executive Noriyasu Kurihara.
04
Nov
Tech giants are set to spend US$200 billion this year chasing AI
- Posted by jeff
Three months ago, Wall Street punished the world’s largest technology firms for spending enormous amounts to develop artificial intelligence (AI), only to deliver results that failed to justify the costs.