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SpaceX could spin off Starlink as public company by 2025: Report
According to tech analyst firm CCS Insight, as Starlink's "revenue becomes more predictable and it gains more and more users, the company is spun off to raise capital to expand its constellation of satellites" to meet the growing demand for its services, reports CNBC.
US export controls shake China's semiconductor industry
The export controls limit China's ability to "purchase and manufacture certain high-end chips used in military applications", which the US claimed was necessary to "protect US national security and foreign policy interests", reports news.com.au. The restrictions ban the export of US semiconductor equipment that any foreign competitor cannot provide, the report said.
Musk says he will keep funding Ukraine Starlink Internet
On the microblogging site Twitter, Musk wrote that "the hell with it... Even though Starlink is still losing money and other companies are getting billions of taxpayer $, we'll just keep funding Ukraine govt for free". According to the BBC, Starlink has been vital for Ukraine's military and people to stay online. Ukraine says it helped to reboot key infrastructure after Russian attacks.
Shares of Asian computer chipmaker slump after US curbs on China
The US said it will ban American firms from selling certain chips used for supercomputers and artificial intelligence to Chinese firms, BBC reported. The rules, which were announced on October 7, also target sales from non-US companies that use American equipment. Technology firms are also seeing demand fall as the global economy slows.
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Musk set to depose before Twitter lawyers ahead of Oct trial
The deposition is slated for September 26-27 and may run into September 28 if needed, according to court filings, reports Benzinga. The deposition, ahead of the full-blown October 17 legal trial in the Delaware Court of Chancery in the US, will not be a public one.
Samsung's Q3 earnings outlook grim amid poor global chip demand
According to the analysis by Yonhap Infomax of earnings outlooks for the two companies by securities companies within the past month, Samsung and SK hynix were expected to record operating profits of 12.8 trillion won ($9.07 billion) and 2.59 trillion won on a consolidated basis during the June-September period, respectively.
DRAM chip prices forecast to drop 13-18% in Q4 2022
Research firm TrendForce said rising inflation has significantly weakened the appetite for consumer products, likely to put cold water on the year-end holiday shopping demand. Lower demand, it said, would lead to DRAM's bigger price drops from the 10-15 per cent it had forecast for the third quarter, reports Yonhap news agency. DRAM is a type of volatile semiconductor memory that retains data as long as power is supplied. It is commonly used in personal computers, workstations and servers.
China's chip output shrinks as India, US ramp up local manufacturing
According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7 per cent year on year to 24.7 billion units, marking the largest single-month decrease since 1997. This is also the second consecutive month of decline for chip manufacturing. In July, the output nosedived 16.6 per cent to 27.2 billion units.
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China's semiconductor output dips 17% in July amid US threat
According to data released by the National Bureau of Statistics, the production of integrated circuits (ICs) dropped 16.6 per cent year-on-year to 27.2 billion units last month, reports South China Morning Post. China had reported 27.5 billion and 28.8 billion units for May and June, respectively. "The weakness in chip production is a further setback for China's ambition to boost local semiconductor production and cut reliance on imported chips," the report mentioned.
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