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Sources: Revolut's US system let criminals steal $20M+ over several months in 2022 before Revolut closed the loophole, equivalent to ~66% of its 2021 net profit (Financial Times) 10-07-2023

Financial Times: Sources: Revolut’s US system let criminals steal $20M+ over several months in 2022 before Revolut closed the loophole, equivalent to ~66% of its 2021 net profit  —  During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Lees verder op Tech Meme

Foxconn pulls out of a $19.5B Indian chip and display joint venture with conglomerate Vedanta, signed in 2022, and is removing the Foxconn name from the entity (Munsif Vengattil/Reuters) 10-07-2023

Munsif Vengattil / Reuters: Foxconn pulls out of a $19.5B Indian chip and display joint venture with conglomerate Vedanta, signed in 2022, and is removing the Foxconn name from the entity  —  Taiwan’s Foxconn (2317.TW) said on Monday it is pulling out of a joint venture with metals-to-oil conglomerate Vedanta Ltd … Lees verder op Tech Meme

Massachusetts lawmakers are weighing a near total ban on buying and selling consumers' phone location data, in what could be the first such ban in the US (Byron Tau/Wall Street Journal) 10-07-2023

Byron Tau / Wall Street Journal: Massachusetts lawmakers are weighing a near total ban on buying and selling consumers’ phone location data, in what could be the first such ban in the US  —  Massachusetts considers law at the vanguard of a broader movement to protect consumer privacy  —  Massachusetts lawmakers are weighing … Lees verder op Tech Meme

TSMC reports Q2 revenue down 10% YoY to ~$15.3B, beating estimates of ~$15.23B due to AI chips; its stock is up 35%+ in 2023 despite full-year revenue warnings (Debby Wu/Bloomberg) 10-07-2023

Debby Wu / Bloomberg: TSMC reports Q2 revenue down 10% YoY to ~$15.3B, beating estimates of ~$15.23B due to AI chips; its stock is up 35%+ in 2023 despite full-year revenue warnings  —  Taiwan Semiconductor Manufacturing Co. reported better-than-expected sales on a boom in artificial intelligence applications demanding … Lees verder op Tech Meme

Alibaba's Youku airs My Chinese Chip, a series in China about a state-supported startup successfully building lasers for deep ultraviolet lithography machines (Sarah Zheng/Bloomberg) 10-07-2023

Sarah Zheng / Bloomberg: Alibaba’s Youku airs My Chinese Chip, a series in China about a state-supported startup successfully building lasers for deep ultraviolet lithography machines  —  A new series in China tells the story of a scrappy startup developing the advanced chipmaking technology that multinational trade sanctions today … Lees verder op Tech Meme

VR game makers say women are buying headsets for fitness, a shift from the male-dominated early days; less than 10% of Quest users were women in December 2019 (Naomi Nix/Washington Post) 10-07-2023

Naomi Nix / Washington Post: VR game makers say women are buying headsets for fitness, a shift from the male-dominated early days; less than 10% of Quest users were women in December 2019  —  Seeking to broaden their customer base, makers of virtual reality headsets move away from gaming and into new types of apps Lees verder op Tech Meme

A profile of Debbie Bestwick, the video games industry's longest-serving female CEO, ahead of leaving UK studio Team17, best known for Worms, at the end of 2023 (Tim Bradshaw/Financial Times) 10-07-2023

Tim Bradshaw / Financial Times: A profile of Debbie Bestwick, the video games industry’s longest-serving female CEO, ahead of leaving UK studio Team17, best known for Worms, at the end of 2023  —  The outgoing Team17 chief executive on her battles in a sector known for its sexist attitudes — and the role … Lees verder op Tech Meme