Japanese fabless SoC design company Socionext closes up 15.07% in its IPO debut, valuing it at ~$960M, in Tokyo’s biggest offering so far in 2022 (Sam Byford/Reuters)

Richard Chirgwin / iTnews:
Sydney-based Morse Micro, a fabless developer of Wi-Fi chips, raised a $140M Series B led by Japanese SoC developer MegaChips  —  Wi-fi HaLow designer getting traction.  —  Sydney-based fabless wi-fi HaLow chip developer Morse Micro has secured $140 million in Series B funding in a round led …

Ryosuke Eguchi / Nikkei Asia:
Japanese chipmaker Kioxia Holdings and US’ Western Digital open a new ~$6.79B flash memory fab in Mie Prefecture, amid a market downturn for memory chips  —  Chipmaker opts for production cut but bullish on facility investment  —  TOKYO — Japanese chipmaker Kioxia Holdings on Wednesday opened …

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 …

Reuters:
Japan plans to invest up to $500M in a new semiconductor company led by Japanese firms including Sony and NEC that aims to start manufacturing by the late 2020s  —  Japan said on Friday it will invest up to 70 billion yen ($500 million) in a new semiconductor company led …

Reuters:
Meta agrees a deal with Qualcomm to produce custom Snapdragon chips optimized for its Quest VR devices; the chips will not be exclusive to Meta  —  Meta Platforms Inc (META.O) signed an agreement to have chip-maker Qualcomm Inc (QCOM.O) produce custom chipsets for its Quest virtual reality devices …

New York Times:
Sources: Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year  —  The food delivery company had been moving toward a public offering, but the window for such deals is shutting amid market turmoil.