Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML's President and CEO Peter Wennink said in a statement. Wennink expects a stronger...
“There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”
A’s rookie Kyle McCann hit his first career home run, but the A’s fall to 3-9 at home this season.
Samsung lands $6.4bn in US Chips and Science Act fundingChina’s telcos are ordered to remove foreign chips EdgeConneX adds $1.9bn to its green funding
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. I don’t know about you, but I only learned last week that there’s something connecting MSG and computer chips. Inside most laptop and data center chips today, there’s a tiny component called…
Here's where to watch the Billy Joel '100th - Live at Madison Square Garden' concert special online without cable, plus how to stream on-demand free.
China has forced Apple to ban WhatsApp, Threads, Signal, and Telegram in the country's App Store.
U.S. Secretary of State Antony Blinken met Friday with Chinese President Xi Jinping and senior Chinese officials, stressing the importance of “responsibly managing” the differences between the United States and China as the two sides butted heads over a number of contentious bilateral, regional and global issues. Talks between the two sides have increased in […]
The EU has effectively vanquished a TikTok feature that Europe’s digital commissioner described as “toxic” and “addictive as cigarettes.” Owner ByteDance said on Wednesday that TikTok Lite’s reward-to-watch feature would be suspended. It’s been a brutal day for TikTok as President Biden signed a bill (also on Wednesday) forcing ByteDance to sell the platform’s US operations or face a ban. TikTok Lite, launched earlier this month in France and Spain, lets users earn rewards by watching and liking...
Max Holloway stunned the fighting world by brutally knocking out Justin Gaethje with just one second remaining in their UFC 300 title fight. As the entire MMA community watched in awe, fellow UFC fighter Alexander Volkanovski couldn’t believe what he was witnessing. Sat at home, he jumped out of his chair in pure shock when the knockout happened. After the fight, Max Holloway wasted no time calling out possible future opponents, eyeing both Islam Makhachev and Ilia Topuria. The BMF title was...
Iowa women’s basketball star Caitlin Clark is projected as the No. 1 overall pick in the 2024 WNBA Draft. The top pick is held by the Indiana Fever, who have been posting on social media and teasing Clark’s arrival on the team since the point guard declared for the draft on Feb. 29. Clark, known
Former National Security Advisor John Bolton has urged Israel to take decisive action against Iran, following a barrage of drone and missile attacks on Saturday night. Bolton criticized President Joe Biden for encouraging Israeli restraint, calling him an “embarrassment to the United States.” “Last night, the Iranians launched 320-plus cruise and ballistic missiles and drones,” […]