Articles from www.reuters.com

Articles from www.reuters.com

SK Hynix CEO Kwak Noh-Jung says the memory industry is heading for its worst-ever supply shortage in 2027 and demand will outstrip supply beyond 2030 (www.reuters.com)
17 hours ago

The Department of Commerce loosens export controls to the UAE, letting G42 and US companies like Apple, Meta, and xAI export AI chips to UAE without a license (www.reuters.com)
21 hours ago AI Apple

The UK designates Microsoft, Google, Amazon, and Oracle as critical third-party financial sector suppliers, bringing them under direct regulatory oversight (www.reuters.com)
1 day ago Google Amazon Microsoft Oracle

Taiwan's leading DRAM maker Nanya Technology expects its capex to hit ~$6.2B in 2027, up 4x YoY, and reports unaudited Q2 revenue of ~$2.6B, up 684% YoY (www.reuters.com)
1 day ago Taiwan

SAP will make it easier for customers to switch to rival service providers or end contracts, averting a possible EU antitrust fine after a September 2025 probe (www.reuters.com)
1 day ago

Coinbase's chief legal officer, Paul Grewal, is stepping down after six years; VP of legal Molly Abraham moves into his role with the title of general counsel (www.reuters.com)
1 day ago Coinbase

Internal memo: Meta plans to begin production of its in-house AI chip, codenamed Iris, in September, and aims to boost its computing power to 14GW in 2027 (www.reuters.com)
2 days ago AI

India scraps import duties on some parts used to make phones and other devices until March 2029, removing 7.5% and 5% levies, in a move that might help Apple (www.reuters.com)
2 days ago India Apple

US cybersecurity and data resilience company Rubrik plans to invest $500M+ in the UK over the next five years and establish its European headquarters in London (www.reuters.com)
2 days ago Europe London

Block agrees to pay $45M and offer live customer support for Cash App to settle claims by 46 US states that the company failed to protect users from fraud (www.reuters.com)
2 days ago

China's Nexchip Semiconductor says it aims to raise around $890.37M in its Hong Kong share sale by offering 216.2M shares at ~$4.12 per share (www.reuters.com)
3 days ago China Hong Kong

The EU General Court dismisses Apple's legal challenges against its designation as a DMA “gatekeeper” for its App Store and iOS; Apple filed the case in 2024 (www.reuters.com)
3 days ago IOS Apple

Sleep apnea device maker ResMed agrees to sell its software business MatrixCare to PE firm Frazier for $490M in cash; ResMed bought MatrixCare for $750M in 2018 (www.reuters.com)
3 days ago

Study: 50 test accounts created in Australia on nine platforms were never prompted for age verification despite the Australian law mandating a ban on under-16s (www.reuters.com)
4 days ago Australia Ban

Sources: Beijing recently held meetings with Alibaba, ByteDance, Z.ai, and others to discuss restricting overseas access to advanced open and closed AI models (www.reuters.com)
4 days ago Alibaba AI

Sources: DeepSeek is in the early stages of developing its own AI chip designed for inference, in a bid to reduce its reliance on Nvidia and Huawei hardware (www.reuters.com)
4 days ago AI Nvidia

Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% (www.reuters.com)
4 days ago China Xiaomi

Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T (www.reuters.com)
4 days ago Facebook Instagram

Syntiant, which develops low-power AI processors, files for a US IPO, reporting a $20.9M net loss on $64.5M in revenue for the three months ended March 31 (www.reuters.com)
4 days ago IPO AI

Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B estimate, and revenue up 129% YoY to ~$111.7B (www.reuters.com)
4 days ago Samsung

Sources: CISA's Attack Surface Evaluation team is using Mythos to audit government code repositories and has already uncovered a large number of vulnerabilities (www.reuters.com)
4 days ago

SCOTUS declines to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent (www.reuters.com)
4 days ago Mobile Texas

Broadcom agrees to expand its Apple partnership through 2031 to develop and supply custom chips; in 2023, the companies announced a multibillion-dollar deal (www.reuters.com)
5 days ago Apple

SK Hynix launches a US share sale to raise ~$28B; the company plans to sell 17.79M new shares, with the specific price range expected to be revealed later today (www.reuters.com)
5 days ago

Filing: GoDaddy challenges a New Delhi court ruling requiring domain sellers to stop offering privacy by default, saying it could expose website owners globally (www.reuters.com)
8 days ago

India's IT secretary said the country is investigating a data breach at Apple supplier Tata, which exposed files that included photos of iPhone 18 Pro models (www.reuters.com)
8 days ago India iPhone Apple

At a town hall, Mark Zuckerberg said Meta's AI agent development has not accelerated as expected and its reorganization was not as “clean” as it could have been (www.reuters.com)
8 days ago AI Zuckerberg

Lime's shares closed up 4% in its Nasdaq debut on Wednesday, valuing the company at ~$1.7B, after Lime and existing stockholders raised ~$174M in its US IPO (www.reuters.com)
9 days ago IPO

Alibaba and its US payment processor AUS agree to pay $600M to resolve DOJ allegations that they failed to prevent illegal sales of drugs and other products (www.reuters.com)
9 days ago Alibaba

Sources: SoftBank has reopened talks for a $10B loan backed by its OpenAI stake and is offering to guarantee repayment if OpenAI collateral proves insufficient (www.reuters.com)
9 days ago

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