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SMIC reports Q3 revenue down 15% YoY to $1.61B, vs. $1.64B est., and net income down 80% YoY to $94M, vs. $178.1M est., despite Huawei's Mate 60 Pro launch (Bloomberg) 09-11-2023

Bloomberg: SMIC reports Q3 revenue down 15% YoY to $1.61B, vs. $1.64B est., and net income down 80% YoY to $94M, vs. $178.1M est., despite Huawei’s Mate 60 Pro launch  —  The Shanghai company reported a 15% fall in revenue to $1.62 billion, versus an average projection for $1.64 billion. Lees verder op Tech Meme

US v. Google exposes Google's deepening rift with Microsoft, especially in the AI boom, despite Satya Nadella's attempts to make nice when he became CEO in 2014 (Wall Street Journal) 09-11-2023

Wall Street Journal: US v. Google exposes Google’s deepening rift with Microsoft, especially in the AI boom, despite Satya Nadella’s attempts to make nice when he became CEO in 2014  —  Search and software titans trade accusations as memory of detente fades  —  Satya Nadella wanted to make nice with longtime rival Google … Lees verder op Tech Meme