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Tech Meme

Chinese DRAM maker ChangXin plans a Shanghai IPO, sources say after US chip toolmakers assured the equipment the company needs is exempt from export controls (Financial Times) 10-05-2023

Financial Times: Chinese DRAM maker ChangXin plans a Shanghai IPO, sources say after US chip toolmakers assured the equipment the company needs is exempt from export controls  —  ChangXin Memory Technologies to raise funds for production expansion following assurance on American equipment supplies Lees verder op Tech Meme

Tether reports a $1.5B net profit in Q1, $2.44B in excess reserves, and $81.8B+ in assets as of May 9, including $1.5B in bitcoin and $3.3B in precious metals (Yogita Khatri/The Block) 10-05-2023

Yogita Khatri / The Block: Tether reports a $1.5B net profit in Q1, $2.44B in excess reserves, and $81.8B+ in assets as of May 9, including $1.5B in bitcoin and $3.3B in precious metals  —  – Tether reported $1.5 billion of net profit for the first quarter — more than double its Q4 2022 net profit. Lees verder op Tech Meme

Sources: EU regulators are expected to approve Microsoft's Activision acquisition next week, most likely on May 15, three weeks after the UK blocked the deal (Foo Yun Chee/Reuters) 10-05-2023

Foo Yun Chee / Reuters: Sources: EU regulators are expected to approve Microsoft’s Activision acquisition next week, most likely on May 15, three weeks after the UK blocked the deal  —  EU antitrust regulators are set to approve Microsoft Corp’s (MSFT.O) $69 billion acquisition of Activision (ATVI.O) next week … Lees verder op Tech Meme

As Miami prepares to host Bitcoin 2023 on May 18, the city and its mayor, who continues to take his salary in bitcoin, have mostly moved on from crypto (Deborah Acosta/Wall Street Journal) 10-05-2023

Deborah Acosta / Wall Street Journal: As Miami prepares to host Bitcoin 2023 on May 18, the city and its mayor, who continues to take his salary in bitcoin, have mostly moved on from crypto  —  On the eve of the annual bitcoin conference, the city and its mayor have mostly moved on from crypto  —  A year ago, when the annual … Lees verder op Tech Meme

A Binance executive says recent US crypto actions have been “very confusing” and the exchange will do “everything we possibly can” to be regulated in the UK (Financial Times) 10-05-2023

Financial Times: A Binance executive says recent US crypto actions have been “very confusing” and the exchange will do “everything we possibly can” to be regulated in the UK  —  World’s largest cryptocurrency exchange says it is ‘very difficult’ to do business in US after moves by Washington regulators Lees verder op Tech Meme

Roblox reports Q1 revenue up 22% YoY to $655.3M, bookings up 23% YoY to $773.8M, DAUs up 22% YoY to 66M, and a $268M loss, up from $160.2M in Q1 2022 (Rohan Goswami/CNBC) 10-05-2023

Rohan Goswami / CNBC: Roblox reports Q1 revenue up 22% YoY to $655.3M, bookings up 23% YoY to $773.8M, DAUs up 22% YoY to 66M, and a $268M loss, up from $160.2M in Q1 2022  —  – Roblox beat analyst expectations on the top line but reported a wider-than-expected loss per share of 44 cents. Lees verder op Tech Meme

A profile of Dark Avenger, a pseudonymous PC virus writer from Bulgaria who gained notoriety in the 1990s after the country became known as the “virus factory” (Scott J Shapiro/The Guardian) 10-05-2023

Scott J Shapiro / The Guardian: A profile of Dark Avenger, a pseudonymous PC virus writer from Bulgaria who gained notoriety in the 1990s after the country became known as the “virus factory”  —  Bulgaria in the 1980s became known as the ‘virus factory’, where hundreds of malicious computer programs were unleashed to wreak havoc. Lees verder op Tech Meme

Sources: ByteDance postpones opening TikTok Shop to US sellers, planned for spring, to June at the earliest after the service struggled to attract merchants (Raffaele Huang/Wall Street Journal) 10-05-2023

Raffaele Huang / Wall Street Journal: Sources: ByteDance postpones opening TikTok Shop to US sellers, planned for spring, to June at the earliest after the service struggled to attract merchants  —  Doubts over app’s future and tepid adoption of live-streaming e-commerce in the U.S. slow plans for full launch Lees verder op Tech Meme

Binance launches Capital Connect to connect VIP clients and investment fund managers; the exchange has 128M users, of which VIPs are a “very small percentage” (Yogita Khatri/The Block) 10-05-2023

Yogita Khatri / The Block: Binance launches Capital Connect to connect VIP clients and investment fund managers; the exchange has 128M users, of which VIPs are a “very small percentage”  —  – Binance has launched a new platform called Capital Connect to facilitate connections between its VIP clients and investment fund managers. Lees verder op Tech Meme

How Japan-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips just two years after TSMC and Samsung (Bloomberg) 10-05-2023

Bloomberg: How Japan-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips just two years after TSMC and Samsung  —  Tetsuro Higashi is taking on what seems like an impossible task: Create a globally competitive semiconductor manufacturer in Japan from scratch – and do it in four years. Lees verder op Tech Meme