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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 (Jillian Deutsch/Bloomberg) 25-07-2023

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 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 (Microsoft – Investor Relations) 25-07-2023

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 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%+ (Alphabet – Investor Relations) 25-07-2023

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

Alphabet CFO Ruth Porat will leave her role to become the President and Chief Investment Officer of Alphabet and Google, effective September 1, 2023 (CNBC) 25-07-2023

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

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%+ (Jonathan Vanian/CNBC) 25-07-2023

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