Tech Meme

Bloomberg: Sources: as part of a long-running DOJ investigation into Visa, officials are looking at how the company charges merchants for using its “tokenization” service  —  – Merchants get charged more if they shun Visa’s tokens  — Long-running probe is now scrutinizing those price differences Lees verder op Tech Meme

Alexandra Alter / New York Times: The Authors Guild, American Booksellers Association, and Open Markets Institute urge the DOJ and the FTC to investigate Amazon’s “monopoly” in the book market  —  The online retailer’s size and sway affects the free exchange of ideas, the groups argue. Lees verder op Tech Meme

Bloomberg: Filing: Samsung Electronics sold ~3.55M ASML shares from April-June 2023, lowering its holding from 1.6% to 0.7%, or 2.75M shares, and reportedly raising ~$2.2B  —  – Firm lowered its holding to 0.7% from 1.6% in the period  — Sale raised about $2.2 billion, Korea Economic Daily reported Lees verder op Tech Meme

Bloomberg: Intel ends its $5.4B deal to buy Israeli company Tower Semiconductor after failing to win Chinese regulatory approval; Intel announced the deal in February 2022  —  – Deal for Tower Semiconductor needed Chinese antitrust approval  —  Intel Corp. walked away from its attempt … Lees verder op Tech Meme

Sankalp Phartiyal / Bloomberg: Sources: Foxconn’s Tamil Nadu plant in India plans to deliver new iPhone 15s only weeks after Chinese factories; previously, output lagged China by 6-9 months  —  – Apple is diversifying iPhone supply chain away from China  — India’s push to become a manufacturing hub is bearing fruit Lees verder op Tech Meme

Nico Grant / New York Times: Documents: Google DeepMind has been working with generative AI to perform at least 21 different types of personal and professional tasks, including life advice  —  The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided. Lees verder op Tech Meme

Yuvraj Malik / Reuters: JD.com reports Q2 revenue up 7.6% YoY to ~$39.7B, beating ~$38.27B est., as retail sales rose just 2.5% YoY, below analyst estimates of 4.5% YoY; JD drops 4.5%+  —  Chinese e-commerce firm JD.com (9618.HK), beat Wall Street estimates for second-quarter revenue on Wednesday … Lees verder op Tech Meme

Bloomberg: Intel terminates its $5.4B deal to acquire Israeli company Tower Semiconductor after failing to win regulatory approval; the deal was announced in February 2022  —  – Deal for Tower Semiconductor needed Chinese antitrust approval  —  Intel Corp. walked away from its attempt … Lees verder op Tech Meme

Arjun Kharpal / CNBC: Tencent reports Q2 revenue up 11% YoY to ~$20.5B, below ~$20.8B est., and operating profit up 37% YoY to ~$6.9B, as cost-cutting helps boost its core units  —  – Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations. Lees verder op Tech Meme

Kif Leswing / CNBC: Apple backtracks and moves the “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta  —  – Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday. Lees verder op Tech Meme