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US filing: South Korea, Samsung, and SK Hynix ask the US to review its chip subsidy criteria, concerned over the impact on limiting chip investment in China (Soo-Hyang Choi/Reuters) 24-05-2023

Soo-Hyang Choi / Reuters: US filing: South Korea, Samsung, and SK Hynix ask the US to review its chip subsidy criteria, concerned over the impact on limiting chip investment in China  —  South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules … Lees verder op Tech Meme

Figure, which is developing a humanoid robot that recently took its first step, raised a $70M Series A led by Parkway, following a self-financed $100M seed (Brian Heater/TechCrunch) 24-05-2023

Brian Heater / TechCrunch: Figure, which is developing a humanoid robot that recently took its first step, raised a $70M Series A led by Parkway, following a self-financed $100M seed  —  I spent a bit of time at Figure’s Sunnyvale offices during a recent visit to the South Bay.  The firm is currently in that semi-awkward phase … Lees verder op Tech Meme

An influx of digital nomads, mostly from the US, in Medellín, Mexico City, and other cities is boosting local economies, as locals complain of being priced out (Stephen Witt/Rest of World) 24-05-2023

Stephen Witt / Rest of World: An influx of digital nomads, mostly from the US, in Medellín, Mexico City, and other cities is boosting local economies, as locals complain of being priced out  —  Cities from Canggu to Medellín are welcoming tech workers, but locals complain they’re being priced out. Lees verder op Tech Meme

Xiaomi reports Q1 revenue down 18.9% YoY to ~$8.4B and a ~$596M net income, up from a ~$75M loss in Q1 2022, both above estimates, as cost cutting helps margins (Bloomberg) 24-05-2023

Bloomberg: Xiaomi reports Q1 revenue down 18.9% YoY to ~$8.4B and a ~$596M net income, up from a ~$75M loss in Q1 2022, both above estimates, as cost cutting helps margins  —  Xiaomi Corp. quarterly revenue slid 19% in a reflection of crumbling demand for electronics and internet services in a sputtering Chinese economy. Lees verder op Tech Meme

Sources: Alibaba Cloud plans to layoff 7% of its staff, or ~1,000 employees, as the unit prepares for a spinoff within 12 months and an eventual IPO (Cissy Zhou/Nikkei Asia) 24-05-2023

Cissy Zhou / Nikkei Asia: Sources: Alibaba Cloud plans to layoff 7% of its staff, or ~1,000 employees, as the unit prepares for a spinoff within 12 months and an eventual IPO  —  Move follows tech giant announcing spinoff of group within 12 months  —  Alibaba, like other Chinese tech companies … Lees verder op Tech Meme

European gaming giant Embracer says a “groundbreaking” partnership worth $2B+ has collapsed and lowers its financial forecasts, sending shares crashing by 40%+ (Rafaela Lindeberg/Bloomberg) 24-05-2023

Rafaela Lindeberg / Bloomberg: European gaming giant Embracer says a “groundbreaking” partnership worth $2B+ has collapsed and lowers its financial forecasts, sending shares crashing by 40%+  —  One of Europe’s largest gaming companies has slashed its profit forecast for the year after a planned partnership fell through worth … Lees verder op Tech Meme

Sources, reports, and analysis: Chinese hackers targeted the Kenyan government from late 2019 until at least 2022 to find information on debt owed to China (Reuters) 24-05-2023

Reuters: Sources, reports, and analysis: Chinese hackers targeted the Kenyan government from late 2019 until at least 2022 to find information on debt owed to China  —  Chinese hackers targeted Kenya’s government in a widespread, years-long series of digital intrusions against key ministries and state institutions … Lees verder op Tech Meme