Reuters:
Sources: Sea, whose market cap has gone from $200B+ to ~$28B since Oct. 2021, shuts some Latin American operations and cuts hundreds of gaming jobs in Shanghai — Singapore-based Sea Ltd’s (SE.N) e-commerce arm Shopee will exit Argentina and shut local operations in Chile …
Reuters:
Arm sues Qualcomm and its subsidiary Nuvia for using licenses without approval, asking Qualcomm to destroy designs developed under Nuvia’s agreements with Arm — Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), said on Wednesday it has sued Qualcomm Inc (QCOM.O) …
Dylan Patel / SemiAnalysis:
A look at the ongoing Qualcomm-Arm legal dispute, as Qualcomm claims Arm plans to stop licensing its CPUs to semiconductor companies after 2024 — No More External GPU, NPU, or ISP’s Allowed In Arm-Based SOCs — The Qualcomm-Arm saga is epic and there is a new massive update in the case.
Patrick Kennedy / ServeTheHome:
Arm unveils Neoverse V2, its next-gen performance-optimized cores for the cloud, hyperscale, and HPC workloads, which is used in Nvidia’s upcoming Grace CPU — Today Arm announced its next-generation cores for higher performance per core applications. Dubbed the Arm Neoverse V2 or “Demeter” …
Nilay Patel / The Verge:
Q&A with Arm CEO Rene Haas on the company’s business, customers, IPO plans, corporate structure, working with TSMC and Apple, building chips for cars, and more — Arm’s chips are in your iPhone — but what exactly does Arm do? … One of the more interesting quirks of the modern tech world …
Ana Swanson / New York Times:
The US Commerce Department releases its plan for the $50B CHIPS Act: $28B for grants and loans, $10B for expanded manufacturing, and $11B for R&D — The Commerce Department issued guidelines for companies angling to receive federal funding aimed at bolstering the domestic semiconductor industry.
Juro Osawa / The Information:
Sea Ltd., Southeast Asia’s largest internet firm by revenue and market value, has laid off 7,000+ employees, or ~10% of its staff, over the past six months — Sea Ltd., Southeast Asia’s largest internet company by revenue and market value, has laid off more than 7,000 employees …
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