Reuters: TSMC’s and Foxconn’s stocks closed down 9.98% and 9.77% on April 7 as US tariffs roil global supply chains; the US’ 32% tariff on Taiwan is among Asia’s highest  —  Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs … Lees verder op Tech Meme

Sam Tobin / Reuters: Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create an encryption “back door”, and says the case can be public  —  Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems … Lees verder op Tech Meme

Mauro Orru / Wall Street Journal: Global chip stocks drop as the US tariff rout on markets intensifies, extending last week’s losses; Nvidia, Intel, ASML, SK Hynix, Infineon, and STMicro fall  —  The rout underscores investor concerns that tariffs could lead to higher prices for chips and subdue demand Lees verder op Tech Meme

Jordan Novet / CNBC: Microsoft AI CEO Mustafa Suleyman says an “off-frontier” strategy of building models “three or six months behind” cuts costs and helps focus on some use cases  —  Microsoft owns lots of Nvidia graphics processing units, but it isn’t using them to develop state-of-the-art artificial intelligence models. Lees verder op Tech Meme

Vlad Savov / Bloomberg: Nintendo’s and Sony’s stocks closed down 7.85% and 10.04% on April 7 amid a Japan selloff driven by US tariffs; most Switches are assembled in China and Vietnam  —  Nintendo, fresh off the announcement of its pivotal next-generation Switch 2 console, is particularly vulnerable … Lees verder op Tech Meme

David Yaffe-Bellany / New York Times: Bitcoin is down 10%+ to ~$76K after President Trump’s global tariffs, far below its record price of nearly $110K on Trump’s inauguration on January 20, 2025  —  The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset. Lees verder op Tech Meme

Mauro Orru / Wall Street Journal: Global chip stocks drop as the US tariff rout intensifies, extending losses from last week; Nvidia, Intel, ASML, SK Hynix, Infineon, and STMicro all fall  —  The rout underscores investor concerns that tariffs could lead to higher prices for chips and subdue demand Lees verder op Tech Meme