Friday, May 30, 2025

Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts (Reuters)

Reuters:
Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts  —  Semiconductor design software firm Synopsys (SNPS.O) has told staff in China to halt services and sales in the country and stop taking …



The US Treasury sanctions Philippines-based Funnull Technology for allegedly facilitating "pig butchering" crypto scams that stole over $200M from US victims (Lorenzo Franceschi-Bicchierai/TechCrunch)

Lorenzo Franceschi-Bicchierai / TechCrunch:
The US Treasury sanctions Philippines-based Funnull Technology for allegedly facilitating “pig butchering” crypto scams that stole over $200M from US victims  —  The U.S. government imposed sanctions on FUNNULL, a company accused of providing infrastructure for cybercriminals running so-called …



Sources say Alibaba, Tencent, Baidu, and other Chinese companies are testing domestic alternatives as they deal with a dwindling stockpile of Nvidia processors (Financial Times)

Financial Times:
Sources say Alibaba, Tencent, Baidu, and other Chinese companies are testing domestic alternatives as they deal with a dwindling stockpile of Nvidia processors  —  Tougher US export restrictions on advanced chips give added urgency to testing of domestic alternatives



Thursday, May 29, 2025

At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal:
At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty  —  The company has been diversifying its businesses, growing its footprint in areas like AI servers and electric vehicles



Inside Las Vegas' Bitcoin Conference: Eric and Donald Trump Jr gave speeches, JD Vance said bitcoin is "only going to help the American dollar", and more (Alex Rogers/Financial Times)

Alex Rogers / Financial Times:
Inside Las Vegas' Bitcoin Conference: Eric and Donald Trump Jr gave speeches, JD Vance said bitcoin is “only going to help the American dollar”, and more  —  The US president is a crypto booster — and the faithful went to America's gambling capital to celebrate



Nvidia CEO Jensen Huang says Chinese AI rivals are filling the void left by US companies leaving China and Huawei has become "quite formidable" (Bloomberg)

Bloomberg:
Nvidia CEO Jensen Huang says Chinese AI rivals are filling the void left by US companies leaving China and Huawei has become “quite formidable”  —  Nvidia Corp. Chief Executive Officer Jensen Huang said that Chinese AI rivals are filling the void left by the departure of US companies …



Sources: the Trump administration suspends sales of more US tech, including chips and jet engines, in response to China's critical mineral export restrictions (Ana Swanson/New York Times)

Ana Swanson / New York Times:
Sources: the Trump administration suspends sales of more US tech, including chips and jet engines, in response to China's critical mineral export restrictions  —  President Trump has stopped some critical products and technologies made only in the United States from flowing to China …



Wednesday, May 28, 2025

Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March (Naga Avan-Nomayo/The Block)

Naga Avan-Nomayo / The Block:
Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March  —  - The video game retailer announced a 4,710 bitcoin purchase on May 28.  — GameStop previously announced plans to adopt Bitcoin …



ASML's stock is down ~25% in the past year from a record ~€1,000 in July 2024, cutting $130B+ from its market cap, amid China export rules and US tariffs (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
ASML's stock is down ~25% in the past year from a record ~€1,000 in July 2024, cutting $130B+ from its market cap, amid China export rules and US tariffs  —  More than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty



Memo: Match Group CEO Spencer Rascoff, set to become Tinder CEO in July, lays out a new vision for the app, including speeding up product changes and using AI (Chip Cutter/Wall Street Journal)

Chip Cutter / Wall Street Journal:
Memo: Match Group CEO Spencer Rascoff, set to become Tinder CEO in July, lays out a new vision for the app, including speeding up product changes and using AI  —  Spencer Rascoff is rethinking Match Group's biggest app as younger online daters grow tired of swiping



Getty Images CEO Craig Peters says Getty is spending "millions and millions" on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images (Ryan Browne/CNBC)

Ryan Browne / CNBC:
Getty Images CEO Craig Peters says Getty is spending “millions and millions” on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images  —  Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text …



Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-world tasks like navigating rooms, trained on Qwen3-VL (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-worl...