Articles from www.bloomberg.com

Articles from www.bloomberg.com

Filing: chipmaker Microchip Technology says its servers were breached by an unauthorized party, causing its operations to run at “less than normal levels” (www.bloomberg.com)
2024-8-21

Black Myth: Wukong, a Chinese-made, Tencent-backed game, became Steam's fourth most popular title ever within hours of its launch with 1.4M+ concurrent players (www.bloomberg.com)
2024-8-20 China Tencent

TSMC breaks ground on its €10B chip fab in Dresden, Germany, its first European plant; the EU approves Germany's ~€5B subsidy for the project (www.bloomberg.com)
2024-8-20 Germany Europe

Business groups including Asia Internet Coalition, which includes Amazon, Google, and Meta, criticize Hong Kong's new cyber rules, calling them “unprecedented” (www.bloomberg.com)
2024-8-20 Hong Kong Google Amazon Asia

Sources: Apple plans to make the most expensive iPhone models in India for the first time as Foxconn rushes to produce iPhone 16 Pro and Pro Max in the country (www.bloomberg.com)
2024-8-20 India iPhone Apple

Source: GM is cutting over 1,000 software engineers, including 600+ in Michigan, as the automaker moves to lean up its software and services organization (www.bloomberg.com)
2024-8-20

A look at Apple's work on its in-house modem chip, which may debut in some niche models next year, with the full rollout taking a few years to complete (www.bloomberg.com)
2024-8-19 Apple

A survey of 2,012 people in Germany finds ~50% wouldn't use the digital euro over privacy fears; the European Central Bank will decide on a rollout by 2025 end (www.bloomberg.com)
2024-8-18 Germany Europe

Ericsson to sell its network portability and data exchange services unit Iconectiv to Koch Equity Development for $1B; the deal is expected to close in H1 2025 (www.bloomberg.com)
2024-8-17 Equity

A US judge temporarily blocks the launch of Venu Sports, the streaming service from Fox/WBD/Disney, a week before rollout, after Fubo filed an antitrust lawsuit (www.bloomberg.com)
2024-8-17

EQT agrees to buy PropertyGuru, which runs real estate rental and sale listing sites in SE Asia, for $1.1B in cash; the deal is expected to close by early 2025 (www.bloomberg.com)
2024-8-16 Asia

Chinese chip equipment maker AMEC sues the Pentagon for linking AMEC to the Chinese military, seeks to get off a blacklist that bars business with US firms (www.bloomberg.com)
2024-8-16 China Pentagon

The Biden administration approves $1.6B in Chips Act grants and $3B in loans for Texas Instruments, to support its one chip factory in Utah and two in Texas (www.bloomberg.com)
2024-8-16 Texas

Chainalysis: the value of crypto hacks increased by ~84% to $1.58B in the first seven months of 2024, likely due in large part to the rise in crypto prices (www.bloomberg.com)
2024-8-16

Japan will apply foreign trade regulations to chipmaking equipment, which will require foreign investors to give prior notice when conducting direct investment (www.bloomberg.com)
2024-8-16 Japan

Some website publishers say they can't block the Googlebot crawler that covers AI Overviews, as the crawler also covers Search, hampering sites' discoverability (www.bloomberg.com)
2024-8-16 AI

Grab reports Q2 revenue up 17% YoY to $664M, below $676.9M est., and a $53M net loss, down from $135M in Q2 2023, as competition with GoTo weighs on its growth (www.bloomberg.com)
2024-8-15

Alibaba reports Q1 revenue up 4% YoY to ~$34B, below ~$34.9B est., and net income down 27% YoY to ~$3.4B, after aggressive promotions failed to drive spending (www.bloomberg.com)
2024-8-15 Alibaba

Quantum Circuits, which aims to make error correction more efficient in quantum computers to help commercialization, raised $60M from the US' In-Q-Tel and more (www.bloomberg.com)
2024-8-15 Quantum

A survey of 430 first-time Gen Z voters: 60%+ oppose requiring kids under 16 to get parental consent to use social media and 85% oppose notification time limits (www.bloomberg.com)
2024-8-15

Amsterdam-based payments giant Adyen reports H1 2024 net revenue up 24% YoY to €913.4M, vs. €908.9M est., and processed volume up 45% YoY to €619.5B (www.bloomberg.com)
2024-8-15

Sources: Apple is prioritizing developing a tabletop home device with an iPad-like display and a robotic limb, aiming for a release in 2026 or 2027 for ~$1,000 (www.bloomberg.com)
2024-8-15 Apple Robot iPad

Tencent says it is exploring with Apple ways to offer in-app transactions via iOS' payment system, the first acknowledgment of talks with Apple (www.bloomberg.com)
2024-8-15 IOS Apple Tencent

Interviews with 48+ people detail Snowflake and Databricks' intense rivalry, jockeying to be the dominant platform to organize AI data, and fear of Microsoft (www.bloomberg.com)
2024-8-15 Microsoft AI

LA-based Sahara AI, which uses AI to recognize copyrights and track assets, raised a $43M Series A led by Pantera and Polychain, and claims 200K contributors (www.bloomberg.com)
2024-8-14 AI Asset

Foxconn says it will only start shipping a small volume of servers with Nvidia's GB200 chips in Q4, before ramping up significantly in Q1 2025 (www.bloomberg.com)
2024-8-14 4Q Nvidia

Tencent reports Q2 revenue up 8% YoY to ~$22.5B, meeting est., and a $6.6B net income, above $5.6B est., after releasing blockbuster Dungeon & Fighter Mobile (www.bloomberg.com)
2024-8-14 Mobile Tencent

Latin America digital bank Nubank reports Q2 revenue up 52% YoY to $2.8B, above $2.66B est., a $487M net income, above $418M est., and passes 100M customers (www.bloomberg.com)
2024-8-14 U.S. Latin America

Filing: Intel sold its 1.18M shares in Arm during the second quarter, which, based on the stock's average price in Q2, would have raised ~$147M for the company (www.bloomberg.com)
2024-8-14 Intel

Sources: after Google's monopoly ruling, the DOJ considers options including forcing a breakup of the company or requiring it to share more data with rivals (www.bloomberg.com)
2024-8-14 Google

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