Ben Glickman / Wall Street Journal: The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years  —  Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government … Lees verder op Tech Meme

Jillian Deutsch / Bloomberg: Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est.  —  – Chipmaker says slower automotive demand hurt recent sales  — Full-year forecast lowered to $14 billion to $15 billion Lees verder op Tech Meme

Scharon Harding / Ars Technica: Reddit says its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally  —  Reddit says its “communities are naturally commercial.”  —  Reddit has made it clear that it’s an ad-first business. Lees verder op Tech Meme

Cheng Ting-Fang / Nikkei Asia: TSMC unveils a new chip manufacturing technology called A16, and says the company plans to start producing its ultra-advanced 1.6nm chips by 2026  —  Taiwan chip titan aims to secure leading position and capture AI demand  —  TAIPEI — Taiwan Semiconductor Manufacturing Co … Lees verder op Tech Meme

Alex Heath / The Verge: Mark Zuckerberg says Meta AI assistant has been “tried” by “tens of millions of people” and making money from generative AI will take Meta several years  —  The generative AI gold rush is underway — just don’t expect it to create profits anytime soon. Lees verder op Tech Meme

Financial Times: K Krithivasan, the CEO of Indian IT giant TCS, says there will be “minimal” need for call centers in as soon as one year, due to AI chatbots taking on the work  —  Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT group Lees verder op Tech Meme