CEO says market for non-AI silicon has bottomed out

The Consumer Product Safety Commission wants to question the operations of online discount retailers like Shein and Temu.

cross-posted from: https://lemmy.world/post/19388103

Source Bloomberg article

cross-posted from: https://lemmy.world/post/19215432

Source Bloomberg article

cross-posted from: https://lemmy.world/post/19193010

HP is the latest recipient of CHIPS and Science Act funding. The Biden-Harris Administration said today that the Department of Commerce has agreed to preliminary terms with HP to funnel up to $50 million for expanding and modernizing the company’s Oregon-based plant.

The awards are part of a $7.5 billion program for EV charger infrastructure.

After a late bid led by Edgar Bronfman Jr. fizzled, Paramount's board confirmed that a planned merger with Skydance will close in the first half of 2025.

Edgar Bronfman Jr. just walked away from his offer to buy Paramount, setting the media giant back on track to be sold to David Ellison's Skydance.

In the period of Israel's high-tech bubble, great amounts of easy, available money streamed into the industry and inflated it. After over two years of crisis, the money in the companies' coffers is starting to run out – and the price is painful.

A review by TheMarker indicates that a string of Israeli startups have shut down or significantly reduced their activity in the past year, with the trend being even more pronounced in recent months. Their common denominator is that their last significant funding round was in 2021 – the height of the high-tech bubble.

Some of these companies folded after the money ran out and they were unable to start a new round. In some cases, entrepreneurs report, the war in Gaza was another key cause of problems.

"It's directly tied to the war," says Kula. "Foreign investors disappeared, and those who wanted to work together said it wasn't the time. Investors in Israel who had expressed interest also decided to pull out. That's the situation in other companies, too. It's very hard to raise money, even small amounts. It's related to the decline in investments worldwide as well as with the economic and political uncertainty in Israel."

One of the largest GDPR fines ever imposed.

Walmart is recalling the Great Value brand of apple juice made by Refresco and sold across the US.

Walmart has recalled nearly 10,000 cases of apple juice sold in stores across the US that were found to contain potentially harmful levels of inorganic arsenic.