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Qualcomm reports Q2 revenue down 17% YoY to $9.27B, vs. $9.1B est., net income down 42% YoY to $1.7B, and forecasts a Q3 revenue of ~$8.5B, vs. $9.14B est. (Kif Leswing/CNBC) 03-05-2023

Kif Leswing / CNBC: Qualcomm reports Q2 revenue down 17% YoY to $9.27B, vs. $9.1B est., net income down 42% YoY to $1.7B, and forecasts a Q3 revenue of ~$8.5B, vs. $9.14B est.  —  – Qualcomm reported second-quarter earnings on Wednesday that were in line with analyst expectations but saw sales from handset chips … Lees verder op Tech Meme

Former OpenSea product manager Nathaniel Chastain is convicted of insider trading, making $50K+ after buying and selling NFTs he featured on OpenSea's homepage (Luc Cohen/Reuters) 03-05-2023

Luc Cohen / Reuters: Former OpenSea product manager Nathaniel Chastain is convicted of insider trading, making $50K+ after buying and selling NFTs he featured on OpenSea’s homepage  —  A former product manager at OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), was convicted on Wednesday … Lees verder op Tech Meme

Morgen zonnig en vrij warm KNMI : 03-05-2023

Morgen zonnig en vrij warm Verwachting voor vandaag en morgen Waarschuwingen Er zijn geen waarschuwingen. Vanavond is het droog en is er weinig bewolking. Er staat een matige wind uit het noordoosten. Vannacht is het droog. De minimumtemperatuur loopt uiteen van 3°C in het noordoosten tot 7°C in het zuidwesten. De wind komt uit het oosten en is zwak tot matig. Boven zee en het IJsselmeer af en toe krachtig. Morgenochtend is het tamelijk zonnig en blijft het droog. De oostenwind is matig, in het noordelijk kustgebied af en toe vrij krachtig. Morgenmiddag is het droog met vrij veel zon.… Lees verder »Morgen zonnig en vrij warm KNMI : 03-05-2023

Sources: TSMC is in talks to spend between €7B and €10B to build a chip plant in Saxony, subsidized by Germany and in partnership with NXP, Bosch, and Infineon (Bloomberg) 03-05-2023

Bloomberg: Sources: TSMC is in talks to spend between €7B and €10B to build a chip plant in Saxony, subsidized by Germany and in partnership with NXP, Bosch, and Infineon  —  Taiwan Semiconductor Manufacturing Co. is in talks with partners to spend as much as €10 billion ($11 billion) … Lees verder op Tech Meme

The UK Competition Appeal Tribunal rejects the CMA's appeal to a ruling that the regulator cannot investigate Apple's mobile browser and cloud gaming services (Sam Tobin/Reuters) 03-05-2023

Sam Tobin / Reuters: The UK Competition Appeal Tribunal rejects the CMA’s appeal to a ruling that the regulator cannot investigate Apple’s mobile browser and cloud gaming services  —  Britain’s antitrust regulator was on Wednesday refused permission to appeal against a ruling that it had no power to open … Lees verder op Tech Meme

Apple's investors should be worried that China controls the company's factories, workforce, and local market access, all of which could be quickly taken away (Jay Newman/Financial Times) 03-05-2023

Jay Newman / Financial Times: Apple’s investors should be worried that China controls the company’s factories, workforce, and local market access, all of which could be quickly taken away  —  What happens when the SEC, auditors and investors wake up?  —  Jay Newman was a senior portfolio manager at Elliott Management. Lees verder op Tech Meme

Thrasio, Razor, Perch, and other Amazon “aggregators” that raised $16B in mostly debt are struggling under rising rates, higher costs, and cooling online demand (Spencer Soper/Bloomberg) 03-05-2023

Spencer Soper / Bloomberg: Thrasio, Razor, Perch, and other Amazon “aggregators” that raised $16B in mostly debt are struggling under rising rates, higher costs, and cooling online demand  —  During the pandemic, Wall Street banks and private equity firms invested billions of dollars in startups rolling … Lees verder op Tech Meme

TikTok announces Pulse Premiere, which lets select publishers, such as Condé Nast, BuzzFeed, and NBC, sell ads alongside their posts and keep 50% of the revenue (Alexandra Bruell/Wall Street Journal) 03-05-2023

Alexandra Bruell / Wall Street Journal: TikTok announces Pulse Premiere, which lets select publishers, such as Condé Nast, BuzzFeed, and NBC, sell ads alongside their posts and keep 50% of the revenue  —  New product will let publishers sell ads alongside their posts and take home half the revenue Lees verder op Tech Meme