Taiwanese prosecutors indict the head of Luxshare, a Chinese iPhone assembler, for allegedly using a shell company to take over local company Speed Tech in 2012 (Debby Wu/Bloomberg)

Yonhap News Agency:
South Korean prosecutors indict four current and former Samsung employees over allegedly stealing and leaking semiconductor tech to overseas companies  —  Prosecutors have indicted four current and former employees of electronics giant Samsung Group on charges of stealing highly valued …

Malathi Nayak / Bloomberg:
Arizona’s AG: Google will pay $85M to resolve the state’s consumer privacy lawsuit that claims it surreptitiously collects users’ location data for targeted ads  —  Alphabet Inc.’s Google will pay $85 million to resolve a consumer privacy suit by Arizona claiming the technology giant …

CNBC:
Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges including conspiracy, fraud, and money laundering  —  – Sam Bankman-Fried is set to fly to the U.S., where he faces multiple criminal charges tied to the collapse of his crypto exchange FTX.

Debby Wu / Bloomberg:
TSMC cuts its 2022 capital spending target by ~10%, expecting to spend ~$36B on equipment, down from a prior $40B+ estimate, suggesting a deeper tech downturn  —  Taiwan Semiconductor Manufacturing Co. slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble …

Debby Wu / Bloomberg:
Taiwan pledges to work closely with the US and other allies to implement “very firm” export controls and prevent China’s military from acquiring advanced chips  —  Taiwan pledged to work closely with the US and other allies to prevent China’s military from acquiring state-of-the-art technology …

Kyle Wiggers / TechCrunch:
Intel, Arm, and Nvidia propose a new open, license-free specification with 8-bit floating point, or FP8, precision as a common interchange format for AI  —  In pursuit of faster and more efficient AI system development, Intel, Arm and Nvidia today published a draft specification for what they refer …