U.S.

China's Memory Upstart YMTC Edges Closer to Rivals with 232-layer Chip

Chinese chipmaker Yangtze Memory Technologies Co Ltd (YMTC) on Wednesday announced new memory chip technology, 232-layer chip, that would help it catch up with rivals Micron and SK Hynix, just as Washington considers steeper curbs on Chinese semiconductor companies. The company unveiled its fourth-generation 3D NAND chip, the X3-9070, and its first to feature 232-layer […]

Twitter Queries Banks on Musk's Attempts to Undermine $44 Billion Deal

Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal experts said. Twitter sent dozens of civil subpoenas this week to global banks such as units […]

U.S. Considers Crackdown on Memory Chip Makers in China

The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies. If President Joe Biden’s administration proceeds with the move, […]

Alibaba Added to SEC's Delisting Watchlist, Shares Fall

Alibaba Group Holding Ltd on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted. Alibaba’s shares were down 11 percent at $89.37 at the closing bell, ending the month 21.4 percent lower. The e-commerce giant’s shares were already feeling the pressure […]

U.S. Justice Department Probing Cyber Breach of Federal Court Records System

The U.S. Justice Department is investigating a cyber breach involving the federal court records management system, the department’s top national security attorney told lawmakers on Thursday. Matt Olsen, head of the Justice Department’s National Security Division, alluded to the threat of cyber attacks by foreign nations as he told the U.S. House of Representative Judiciary […]

Biden Administration Announces $400 Million for Rural Internet Access

President Joe Biden’s administration announced on Thursday that it will provide $401 million to provide access to high-speed internet for 31,000 rural residents and businesses in 11 states, as part of Biden’s drive to expand access to the web. “With this money we are one step closer to President Biden’s ambitious goal of affordable and […]

U.S. Congress Passes Long-awaited Bill to Boost Chipmakers, Compete with China

The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, a victory for President Joe Biden and his fellow Democrats hoping to keep their slim majority in Congress in November midterm elections. The final vote was 243 to 187, with […]

Analysis: Why Spotify's 'Car Thing' Was Destined for the Hardware Graveyard

Spotify Technology SA’s Car Thing player is now a thing of the past. The world’s leading audio streaming service on Wednesday announced it would discontinue the device just five months after it became available to all users in the United States. In doing so, Spotify became the latest software technology company to stumble in an […]

Cryptoverse: What Crisis? Venture Capitalists Bet Big on Crypto

Cryptoverse, It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain startups at a pace that’s set to outstrip last year’s record. In the first half of the year, VCs bet $17.5 billion on such firms, according to data […]