Financial Times: A TSMC executive says the Arizona fab will not be “as profitable as our Taiwan fabs”, amid construction and labor challenges and less EUV expertise in the US  —  Unfamiliar approaches to construction and labour are proving obstacles to the semiconductor giant’s Arizona project Lees verder op Tech Meme

Sam Reynolds / CoinDesk: The Hong Kong Stock Exchange announces Synapse to help execute post-trade processes and reduce settlement risk using smart contracts, launching on October 9  —  HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency. Lees verder op Tech Meme

George Dvorsky / Gizmodo: Amazon’s Project Kuiper plans to launch its first demo internet satellites, KuiperSat-1 and KuiperSat-2, on October 6 for its 3,236-satellite megaconstellation  —  Jeff Bezos’s space venture, Project Kuiper, is set for a Friday launch, aiming to challenge Elon Musk’s Starlink in the satellite internet arena. Lees verder op Tech Meme

Brian Heater / TechCrunch: Los Angeles-based Machina Labs, which is using AI and robotics to build “software-defined factories”, raised a $32M Series B, taking its total funding to $45M  —  “Flexibility” isn’t a word one often applies to the manufacturing process.  Changing things up on the assembly line … Lees verder op Tech Meme

Bryant Francis / Game Developer: Epic Games plans an Unreal Engine per-seat licensing fee for non-gaming sectors like film and TV; Tim Sweeney says “financial problems” hit Epic ~10 weeks ago  —  A week after laying off almost 900 employees, Epic Games announced that it’s increasing the price to use Unreal Engine … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Los Angeles-based Metropolis, which sells AI parking services, raised $650M in debt and $1.05B in Series C financing to acquire parking facility company SP Plus  —  AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider … Lees verder op Tech Meme

Jamie Nimmo / Bloomberg: Filing: UK chip designer Graphcore needs funds to keep operating as a “going concern”, after 2022 revenue fell 46% YoY and pretax losses grew 11% YoY to $204.6M  —  – Revenue fell 46% and the company cut staff and closed offices  — Chipmaker must raise money to continue as ‘going concern’ Lees verder op Tech Meme

Jamie Crawley / CoinDesk: Messari: funding to crypto companies fell to ~$2.1B in Q3 2023, across 297 deals, the lowest since Q4 2020, after a peak of ~$17.5B across 900+ deals in Q1 2022  —  The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020 Lees verder op Tech Meme