Jillian Deutsch / Bloomberg: The EU enacts the €43B Chips Act, part of ambitious plans to produce 20% of the world’s chips by 2030, after final approval from ministers  —  The European Union’s plan to bolster domestic semiconductor production will become law after ministers completed the final approval on Tuesday. Lees verder op Tech Meme

Microsoft – Investor Relations: Microsoft reports Q4 net income up 20% YoY to $20.1B, revenue up 8% YoY to $56.2B, Office Commercial up 12% YoY, Dynamics 365 up 26% YoY, and LinkedIn up 5% YoY  —  REDMOND, Wash. — July 25, 2023 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2023 … Lees verder op Tech Meme

Alphabet – Investor Relations: Alphabet reports Q2 revenue of $74.6B, up 7% YoY, net income of $18.37B, up from $16B YoY, Google Cloud revenue of $8.03B, up from $6.28B YoY; GOOG is up 6%+  —  Announces Plans for Chief Financial Officer Transition and Appointment of President and Chief Investment Officer MOUNTAIN VIEW … Lees verder op Tech Meme

CNBC: Alphabet CFO Ruth Porat will leave her role to become the President and Chief Investment Officer of Alphabet and Google, effective September 1, 2023  —  – Ruth Porat will step down as Alphabet chief financial officer and take a new role as president and chief investment officer, the company announced on Tuesday. Lees verder op Tech Meme

Jonathan Vanian / CNBC: Snap Q2: revenue down 4% YoY to $1.07B, vs. $1.05B est., global DAUs up 14% YoY to 397M, vs. 395M est., and Q3 revenue forecast below est.; SNAP down 16%+  —  – Snap’s overall sales in the second quarter declined 4% from the $1.11 billion it logged in the previous year during the same period. Lees verder op Tech Meme