Coinbase Reports Strong Third-Quarter Profit Amid Surging Trading Volumes and Regulatory Advances

Coinbase Global Inc., the largest cryptocurrency exchange in the United States, announced an unexpected third-quarter profit on Wednesday, driven by a surge in trading volumes as cryptocurrency continues to inch into the mainstream of the financial industry. The company’s profitable...
Advanced Micro Devices (AMD)

AMD Stock Dips 8% as AI Revenue Forecast Falls Short, Raising Concerns Over Growth Amid Chip Supply Constraints

Advanced Micro Devices (AMD) experienced a sharp 8% decline in stock value on Wednesday following a quarterly revenue forecast that failed to meet investor expectations for accelerated growth in artificial intelligence (AI). Despite a substantial 156% increase in stock value...
US-China Chip

US Finalizes Investment Curbs on Advanced Technologies in China to Protect National Security

To countering perceived threats to national security, the Biden administration has finalized rules to restrict U.S. investments in sensitive Chinese technologies. The new guidelines, announced by the Treasury Department on Monday, October 28, will effectively prohibit U.S.-based firms, citizens, and...
TSMC- Huawei

TSMC Halts Chip Shipments to China-Based Sophgo Amid Huawei Connection Controversy.

Taiwan's TSMC pauses shipments to chip designer Sophgo following discovery of its chip in Huawei's AI processor, intensifying scrutiny over U.S. export restrictions. Taiwan Semiconductor Manufacturing Company (TSMC) has suspended shipments to the Chinese chip design firm Sophgo. This action...
Microsoft

Microsoft Eyes Bitcoin Investment Amid Board Opposition, Conservative Backing

The corporate investment landscape, Microsoft, valued at over $3 trillion, has been thrust into discussions about potentially investing in bitcoin. According to a new filing with the U.S. Securities and Exchange Commission (SEC), the technology giant will be evaluating a...
TSMC- Huawei

TSMC Under Scrutiny for Huawei AI Chip Production: Did TSMC Enable Huawei to Bypass US Chip Ban?

The recent revelation that Taiwan Semiconductor Manufacturing Co. (TSMC) produced a 7-nanometer chip found in an artificial intelligence (AI) accelerator product by Huawei, a Chinese telecommunications company under strict U.S. sanctions, has sparked widespread controversy. The situation has drawn the...
Social Media

Social Media Giants Face Lawsuits Over Alleged Role in Youth Mental Health Crisis

Meta Platforms Inc., Google, TikTok, and Snap Inc. are facing mounting legal challenges from U.S. school districts, accusing the tech giants of contributing to a youth mental health crisis through the addictive design of their apps. The ruling by U.S....
Arm Holdings Plc Qualcomm Chip Design

Arm Holdings Cancels Qualcomm’s Chip License, Escalating Legal Battle Over Smartphone Technology

In a move that could profoundly affect the smartphone and personal computing markets, Arm Holdings Plc has announced the cancellation of a key architectural license that allowed longtime partner Qualcomm Inc. to use its intellectual property for designing chips. This...
xiaomi inc

Xiaomi’s Breakthrough in Chip Design Marks Historic Milestone for China’s Semiconductor Industry

Beijing-based smartphone maker Xiaomi Inc. has reportedly achieved a significant technological breakthrough with the successful "tapeout" of its first 3 nanometer (nm) system-on-chip (SoC) processor. According to Tang Jianguo, the chief economist at the Beijing Municipal Bureau of Economy and...
Computer parts

Logitech International Raises Full-Year Outlook Following Strong Second Quarter Performance

Swiss-American Tech Company Exceeds Expectations and Signals Optimism for Full-Year Sales Logitech International, a globally recognized leader in computer peripherals, has raised its full-year outlook following a strong performance in the second quarter of its fiscal year. The Swiss-American company,...
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