Apple has tried and failed to have a lawsuit in the UK dismissed, one that’s valued at nearly $1 billion, brought against the company by 1,500 UK-based developers. A UK court ruled earlier today that the suit can be brought, and will thus proceed to trial – although this step will most likely only take […]
Read MoreSamsung has invested a lot of money in its US chipmaking facilities. In addition to its existing facility, the company announced a $17 billion project in 2021 for a semiconductor plant in Taylor, Texas that’s likely to begin mass production of chips later this year. The US government is focused on pumping up the local […]
Read MoreSamsung has invested a lot of money in its US chipmaking facilities. In addition to its existing facility, the company announced a $17 billion project in 2021 for a semiconductor plant in Taylor, Texas that’s likely to begin mass production of chips later this year. The US government is focused on pumping up the local […]
Read MoreSamsung will receive a $6.6 billion subsidy to help it expand its chip plant in Texas, US, reveals Reuters. This is the latest step of the Biden administration in its efforts to boost chipmaking in the United States. The subsidy will go towards the construction of four facilities in the American plant, including one $17 […]
Read MoreThe United States Department of Commerce announced a new round of funding for TSMC under the CHIPS and Science Act. TSMC is in line to receive $6.6 billion in direct funding and $5 billion in loans for its semiconductor production in Phoenix, Arizona. TSMC is also eligible to apply for an investment tax credit covering […]
Read MoreWhat you need to know Microsoft recently announced the launch of a new AI hub in London. The facility will “will drive pioneering work to advance state-of-the-art language models and their supporting infrastructure, and to create world-class tooling for foundation models.” Jordan Hoffmann, an AI scientist and engineer, will be joining Microsoft’s AI team to […]
Read MoreThe United States Commerce Department today announced a significant financial commitment to Apple chip supplier TSMC to make more chips in the U.S. (via Bloomberg). The White House shared a statement explaining that the U.S. Commerce Department will allocate a $6.6 billion subsidy to TSMC for the advancement of semiconductor production in Phoenix, Arizona. TSMC […]
Read MoreWhat you need to know Intel foundry saw a loss of $7 billion in 2023. Intel revenue was also down 31% year-over-year. Share prices for the chip manufacturer dropped by over 4% following this news. These 2023 reports do not see Intel foundry as a separate unit, so they don’t fully represent Intel foundry’s performance. […]
Read MoreWhat you need to know Intel foundry saw a loss of $7 billion in 2023. Intel revenue was also down 31% year-over-year. Share prices for the chip manufacturer dropped by over 4% following this news. These 2023 reports do not see Intel foundry as a separate unit, so they don’t fully represent Intel foundry’s performance. […]
Read MoreIt’s no secret that Samsung Electronics has been having a hard time turning the kind of profits that it has been used to. That’s largely been due to the global downturn in the semiconductor industry which hit Samsung’s profitability hard. However, amid signs of a recovery in the memory market and the rising demand for […]
Read MoreSamsung Electronics is the leading supplier of memory chips and other semiconductor products. It has been heavily investing in the expansion of its production facilities as demand for memory products, particularly High Bandwidth Memory, is expected to rise in the coming quarters. There are many subsidiaries that operate under Samsung Electronics. Samsung Display is one […]
Read MoreAccording to a new report from Reuters, Samsung may soon receive a $6 billion grant from the US government to expand its chip-making factories stateside. The new grant will be part of the CHIPS and Science Act which authorizes over $280 billion in funding to boost semiconductor research and manufacturing in the US. Samsung new […]
Read MoreSamsung Electronics, one of the biggest chip-making firms worldwide, has grand plans to make advanced semiconductor chips in the US. To help with its plans, the US government had announced grants and tax sops. The South Korean firm is now close to getting a huge helping hand from the US government. A $6 billion grant […]
Read MoreToday the European Commission (EC) has fined Apple a whopping €1.8 billion for abusing its dominant position in the market for the distribution of music streaming apps to iOS and iPadOS users through its App Store. The Commission found that “Apple applied restrictions on app developers preventing them from informing iOS users about alternative and […]
Read MoreApple was today fined €1.8 billion ($1.95 billion) for anti-competitive conduct against rival streaming music services in the European Union, and following the ruling, Spotify has praised the European Commission for its decision. For context, the European Commission’s investigation into Apple’s practices started due to a 2019 complaint from Spotify over App Store policies. Spotify […]
Read MoreThe European Commission today fined Apple €1.8 billion ($1.95 billion) for anti-competitive conduct against rival music streaming services. In a response published on its website, Apple fiercely attacked the Commission’s decision, as well as Spotify’s behavior. The Commission says that Apple abused its dominant position in the market by forbidding music streaming apps to tell […]
Read MoreReliance, India’s top conglomerate, and The Walt Disney Company, one of the world’s leading entertainment companies, announced a major partnership in India. The deal will merge the Reliance and Disney streaming and media assets, creating an $8.5 billion entertainment behemoth in the world’s most populous nation. Reliance HQ in Mumbai, India Reliance will invest $1.4 […]
Read MoreApple spent more than $10 billion working on the Apple Car over the last decade, according to a report from The New York Times that details the issues the project faced during development. Apple first launched the project in 2014 and let it flounder for more than a decade before calling it off earlier this […]
Read MoreLast week, a report from the Wall Street Journal claimed that Walmart is planning to buy Vizio for USD 2 billion to expand Walmart’s advertising business, Walmart Connect. Now, the news is official. Walmart has announced that it is acquiring Vizio for USD 2.3 billion. In the press release, Walmart says “The acquisition of VIZIO […]
Read MoreThe US government has become very serious about increasing production of advanced semiconductors at home. To that end, the company is strategically providing grants and loans to eligible companies, helping them expand their manufacturing facilities. It was announced today that GlobalFoundries, a chipmaker based in New York, will receive a $3.1 billion package from the […]
Read More
