Elon Musk says Tesla's AI5 chip will be made by Samsung in Texas and TSMC in Arizona, with the “oversupply” of chips not used by Tesla going to his data centers
Elon Musk, on the AI5 chip, which is 40x better than the AI4 chip [image] Ed Ludlow / @edludlow : Musk's clarification on Samsung seems important. He's saying Samsung is involved i...
SK Hynix reports Q1 revenue up 42% YoY to ~$12.4B, vs. ~$12.1B est, and operating profit up 158% YoY to ~$5.2B, vs. ~$4.6B est., on demand for its HBM chips
Dylan Butts / CNBC :
Samsung's stock has fallen 32% from its 2024 peak on July 9, losing $122B from its market cap, more than any other chipmaker worldwide, over AI and foundry woes
- Stock sheds more value than any chipmaker on AI, foundry woes — Samsung is ‘losing its technology leadership’: Pictet's Lee
A profile of Canva, which IDC estimates has a 4% share of the $15.4B creative software market and has doubled its MAUs to 190M since 2022, ahead of its US IPO
The world's most valuable female-led startup prepares for an IPO. … Melanie Perkins remembers when her boyfriend … X: @yoolimleenews and @technology X: Yoolim Lee / @yoolimleenews ...
Samsung estimates Q2 operating profit up 1,452% YoY to ~$7.54B, and revenue up 23% YoY to ~$53.7B, as chip prices keep rising from a mid-2022 to end-2023 trough
Samsung estimates Q2 operating profit up 1,452% YoY to $7.54B, and revenue up 23% YoY to ~$53.7B, as chip prices keep rising
Samsung Electronics (005930.KS) estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven …
Sources: Samsung is combining its AI-focused research centers in Toronto and Mountain View to improve operations; ex-Apple exec Murat Akbacak will run the group
- Company is combining Toronto and California research centers — Apple's Murat Akbacak will be leading the new division
The National Samsung Electronics Union, representing ~28K workers, plans its first ever strike after wage negotiations, ongoing since the start of 2024, stalled
- The union is largest among several at the Korean company — Samsung has been playing catchup in memory chips for AI
Sources: the US plans to award over $6B to Samsung to help the company expand beyond its $17B chip fab in Taylor, Texas, under the 2022 Chips and Science Act
Why Are Deepfakes Everywhere? Can They Be Stopped? — QuickTake — What Is Bitcoin ‘Halving’ and Does It Push Up the Cryptocurrency's Price?
SK Hynix plans to invest over $1B in advanced chip packaging in South Korea, as the company hopes to capture the growing demand for high-bandwidth memory
Yoolim Lee / Bloomberg :
Singapore's biggest tech hopes, Grab, Sea, and Razer, have stumbled, which may show why VCs were premature in calling Singapore the “Silicon Valley of Asia”
Yoolim Lee / Bloomberg : X: @clemtan , @alexmacgregor__ , @yoolimleenews , and @pelstrom . LinkedIn: Ethan Tan X: @clemtan : The rough journey of an Uber-like ride-hailing company...
An interview with the co-founder of Vietnamese unicorn VNG, which offers games and services like Zalo, a messaging app that had 74M+ MAUs in Vietnam in February
An interview with the co-founder of Vietnamese unicorn VNG, which offers games and services like Zalo, a messaging app that had 74M+ MAUs in Vietnam in February
Bloomberg : Tweets: @bloombergasia and @yoolimleenews Tweets: @bloombergasia : A Vietnamese internet startup that's successfully defended its home market of 100 million people aga...
A look at the implosion of Zilingo, valued at $1.2B five months ago, as interviews suggest the fashion marketplace struggled under CEO Ankiti Bose for years
Bloomberg : Tweets: @yoolimleenews , @goldencaskcap , @yoolimleenews , @pelstrom , @yoolimleenews , and @yoolimleenews Tweets: Yoolim Lee / @yoolimleenews : Zilingo's board of dir...
A look at the implosion of Zilingo, valued at $1.2B five months ago, as interviews suggest the fashion marketplace struggled under CEO Ankiti Bose for years
Bloomberg : Tweets: @yoolimleenews , @goldencaskcap , @yoolimleenews , @pelstrom , @yoolimleenews , and @yoolimleenews Tweets: Yoolim Lee / @yoolimleenews : Zilingo's board of dir...
A look at the implosion of Zilingo, valued at $1.2B five months ago, as interviews suggest the fashion marketplace struggled under CEO Ankiti Bose for years
Bloomberg : Tweets: @yoolimleenews , @goldencaskcap , @yoolimleenews , @pelstrom , @yoolimleenews , and @yoolimleenews Tweets: Yoolim Lee / @yoolimleenews : Zilingo's board of dir...
A look at the implosion of Zilingo, valued at $1.2B five months ago, as interviews suggest the fashion marketplace struggled under CEO Ankiti Bose for years
Bloomberg : Tweets: @yoolimleenews , @goldencaskcap , @yoolimleenews , @pelstrom , @yoolimleenews , and @yoolimleenews Tweets: Yoolim Lee / @yoolimleenews : Zilingo's board of dir...
GlobalFoundries says it will spend $4B+ to build a chipmaking plant in Singapore, starting production in 2023, and devote $1B each to its German and US sites
Debby Wu / Bloomberg :
Intuit has agreed to acquire TradeGecko, an inventory and order management software platform for small retailers and wholesalers, sources say for $80M+
which is backed by a range of SEA VCs including Golden Gate, Wavemaker, Openspace and Jungle https://www.intuit.com/... Thomas Gorissen / @serrynaimo : More than 8 years ago three ...
Graphic design app Canva raises $85M led by Mary Meeker's VC firm Bond Capital at a valuation of $3.2B, five months after raising $70M at a $2.5B valuation
- Sydney-based Canva plans to double workforce in coming year — Focus on scaling up through expanded enterprise offering