Micron plans to spend up to $100B over 20 years to build a chipmaking complex in upstate New York, helped by federal and state government incentives (Steve Lohr/New York Times)

Steve Lohr / New York Times:
Micron plans to spend up to $100B over 20 years to build a chipmaking complex in upstate New York, helped by federal and state government incentives  —  The company is planning a giant complex in Clay, N.Y., a sign that the government’s investments in semiconductors are steering firms’ decisions.

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Micron reports Q4 revenue down 25% YoY to $6.64B, from $8.27B, plans to cut total capital spending by 30% YoY and wafer-fab equipment spending by nearly 50% YoY (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE:
Micron reports Q4 revenue down 25% YoY to $6.64B, from $8.27B, plans to cut total capital spending by 30% YoY and wafer-fab equipment spending by nearly 50% YoY  —  Reporting its fiscal fourth-quarter earnings today,Micron Technology Inc. warned investors that it’s planning to take drastic measures …

Citing a weakened market, Micron says wafer production for DRAM and NAND memory chips will be down about 20% over the past quarter; Micron’s stock fall 5%+ (Will Feuer/Wall Street Journal)

Will Feuer / Wall Street Journal:
Citing a weakened market, Micron says wafer production for DRAM and NAND memory chips will be down about 20% over the past quarter; Micron’s stock fall 5%+  —  Company cites market conditions for softening demand  —  Micron MU -5.04%decrease; red down pointing triangle Technology Inc …

Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act (Yuvraj Malik/Reuters)

Yuvraj Malik / Reuters:
Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act  —  Micron Technology Inc (MU.O) will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise …

Atomico: European startups are on track to raise $85B in 2022, down from $100B+ in 2021; the European tech industry lost ~$400B in value, dropping to $2.7T (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Atomico: European startups are on track to raise $85B in 2022, down from $100B+ in 2021; the European tech industry lost ~$400B in value, dropping to $2.7T  —  Startups across Europe are on track to raise $85 billion in funding this year — a drop of $15 billion on 2021 levels …

Sources: Apple scales back ambitious self-driving plans for its electric vehicle, now delayed to 2026 with a design that includes a steering wheel and pedals (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Sources: Apple scales back ambitious self-driving plans for its electric vehicle, now delayed to 2026 with a design that includes a steering wheel and pedals  —  Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date …

Sources: Apple plans to use TSMC’s next generation N3E 3-nm chipmaking technology for the A17 chips in some of its 2023 iPhones and M3 chips for Macs (Cheng Ting-Fang/Nikkei Asia)

Cheng Ting-Fang / Nikkei Asia:
Sources: Apple plans to use TSMC’s next generation N3E 3-nm chipmaking technology for the A17 chips in some of its 2023 iPhones and M3 chips for Macs  —  Move will mark industry’s first adoption of updated production technology  —  TAIPEI — Apple aims to be the first company to use …