Thursday, March 31, 2022

Intel CEO Pat Gelsinger earned $178.6M in 2021, far above Intel's initial $110M estimate; Intel stock is down 15% since his appointment, lagging the industry (Richard Waters/Financial Times)

Richard Waters / Financial Times:
Intel CEO Pat Gelsinger earned $178.6M in 2021, far above Intel's initial $110M estimate; Intel stock is down 15% since his appointment, lagging the industry  —  Bonus for taking helm at struggling US chipmaker was far more than company initially calculated



Indonesia's GoTo raises $1.1B in its IPO, selling shares for $0.024, representing a projected $28B market cap after the offering (Bloomberg)

Bloomberg:
Indonesia's GoTo raises $1.1B in its IPO, selling shares for $0.024, representing a projected $28B market cap after the offering  —  GoTo Group, Indonesia's largest tech company, raised 15.8 trillion rupiah ($1.1 billion) in one of the world's largest initial public offerings this year.



TSMC chairman Mark Liu says consumer demand for smartphones, PCs, and TVs is slowing down, especially in China, as the cost of components and materials rises (Nikkei Asia)

Nikkei Asia:
TSMC chairman Mark Liu says consumer demand for smartphones, PCs, and TVs is slowing down, especially in China, as the cost of components and materials rises  —  Rising costs could be passed on to consumers, chairman of tech titan warns  —  Taiwan tech titan TSMC says demand for consumer electronics …



Sources: Masayoshi Son tells SoftBank leadership that the company needs to slow investments, amid the Ukraine war, falling tech stocks, and China's crackdown (Financial Times)

Financial Times:
Sources: Masayoshi Son tells SoftBank leadership that the company needs to slow investments, amid the Ukraine war, falling tech stocks, and China's crackdown  —  SoftBank founder Masayoshi Son has warned his top executives of the need to slow down further investments, as the world's largest …



How to enable dark theme in Microsoft Excel

Dark mode themes are now everywhere. Almost every major app now supports dark theme and Microsoft Excel is not behind. All apps under the Microsoft Office suite come with dark mode support. https://ift.tt/URl0SHP

Cairo-based Khazna, a "financial super app" that offers BNPL services and more, raises a $38M Series A in debt and equity led by Quona Capital (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch:
Cairo-based Khazna, a “financial super app” that offers BNPL services and more, raises a $38M Series A in debt and equity led by Quona Capital  —  In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt.



Micron projects FY Q2 sales to grow over 2x YoY to $18.7B and adjusted operating income to rise over 5x to $11.3B, signaling higher memory chip prices in 2026 (Dan Gallagher/Wall Street Journal)

Dan Gallagher / Wall Street Journal : Micron projects FY Q2 sales to grow over 2x YoY to $18.7B and adjusted operating income to rise ove...