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Techmeme
August 16, 2023, 12:50 PM
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Sankalp Phartiyal / Bloomberg:
Sources: Foxconn's Tamil Nadu plant in India plans to deliver new iPhone 15s only weeks after Chinese factories; previously, output lagged China by 6-9 months  —  - Apple is diversifying iPhone supply chain away from China  — India's push to become a manufacturing hub is bearing fruit
Financial Times:
Internal documents: India accounts for $10B of Foxconn's annual revenue, or 4.6% of its 2022 revenue, as its India push shows the limits of “China plus one”
Timmy Shen / The Block:
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users  —  - Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.
Bloomberg:
Intel ends its $5.4B deal to buy Israeli company Tower Semiconductor after failing to win Chinese regulatory approval; Intel announced the deal in February 2022  —  - Deal for Tower Semiconductor needed Chinese antitrust approval  —  Intel Corp. walked away from its attempt …
Kif Leswing / CNBC:
Apple backtracks and moves the “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta  —  - Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday.
Hannah Miller / Bloomberg:
Crypto key startup BitGo raised $100M at a $1.75B valuation from undisclosed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022  —  The crypto company raised $100 million from new investors, emphasizing its focus on following rules and regulations.
Bloomberg:
Documents: Amazon plans to impose a new 2% fee per sale on merchants who ship products themselves, on top of the ~15% fee they already pay, starting in October  —  - The new levy comes even with an FTC antitrust suit looming  — Merchant fees generate revenue as online sales growth slows
Jay Peters / The Verge:
Users of X Pro, previously TweetDeck, report encountering X Blue paywalls to use the service; X said on July 3 that “in 30 days” X Pro would be subscriber-only  —  X, the social network formally known as Twitter, appears to be finally following through on its promise to make TweetDeck a paid service.
Arjun Kharpal / CNBC:
Tencent reports Q2 revenue up 11% YoY to ~$20.5B, below ~$20.8B est., and operating profit up 37% YoY to ~$6.9B, as cost-cutting helps boost its core units  —  - Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations.
Yuka Hayashi / Wall Street Journal:
The US Commerce Department forms a team of financiers from Goldman Sachs, Blackstone, KKR, and other Wall Street firms to help allocate $39B in chip subsidies  —  Talent from Goldman Sachs, KKR and Blackstone will help determine how $39 billion in semiconductor chip subsidies are allocated

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:50 PM ET, August 16, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”; earlier CBS aired the Kennedy Center Honors, hosted by Trump

Zachary Leeman / Mediaite:
White House deputy chief of staff Stephen Miller calls for CBS staff who “revolted” over Bari Weiss' decision to postpone 60 Minutes' CECOT segment to be fired

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

More News

Jesse Hamilton / CoinDesk:
GOP House Financial Services Committee lawmakers demand that SEC Chair Gary Gensler explain how Prometheum won its unique approval as a broker-dealer for crypto
Chelsey Cox / CNBC:
At a White House roundtable, the US Consumer Financial Protection Bureau touts Fair Credit Reporting Act rules to crack down on harmful data broker practices

Earlier Picks

WABetaInfo:
WhatsApp beta for Android now lets a limited group of testers use generative AI to create custom stickers; inappropriate stickers can be reported to Meta
Helene Braun / CoinDesk:
Binance plans to shut down its fiat-to-crypto service Binance Connect, formerly known as Bifinity, that supported payment methods including Visa and Mastercard
Ash Parrish / The Verge:
Xbox debuts a strike-based enforcement program, to improve “player transparency” and clear up confusion; eight strikes over six months results in a one-year ban
Reed Albergotti / Semafor:
OpenAI says the company has been using GPT-4 to enforce its content policies and says some of its customers are already using the LLM for content moderation
Sarah Perez / TechCrunch:
Google adds an experimental browsing feature that summarizes page content to Search Generative Experience, first in the Google mobile app for Search Labs users
Abner Li / 9to5Google:
YouTube updates YouTube Music on iOS and Android with Samples, a music discovery feed featuring vertically cropped, 30-second clips uploaded directly by artists
Jess Weatherbed / The Verge:
Comcast launches the Xfinity Storm-Ready WiFi, a cellular backup internet device to weather storms and power outages, for $252, or $7 per month for 36 months
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