One month into the UK’s new Labour government taking office, the shelving of key AI projects has signalled a major shift in the country’s tech policies. Recent reports indicate that the new government plans to scrap two major computing infrastructure projects collectively worth GBP1.3 billion (US$1.7 billion).

Amid a slowing Chinese IPO market due to regulatory tightening and economic uncertainties, reports suggest that Honor is planning to go public after securing substantial government support, a claim the company has denied.

China-based foundries are rapidly expanding their capacity for mature logic IC processes, limiting local NOR production capability. As a result, global NOR flash supply and demand are close to equilibrium, with supply expected to be constrained in 2025, according to industry sources.

Google’s defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple Inc., which generates roughly US$20 billion per year in payments from the internet search giant.