A moment for memory chips

Demand for Micron and SK Hynix memory chips has flipped since they sought Chips Act funds. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Alphabet Inc $335.02 -1.3% Apple Inc $325.13 +2.6% Micron Technology Inc $933.44 -2.6% Market data as of 06:57 PM ET. Data is subject to provider delays. Your watchlist Top Stories Anthropic’s new model: The company released a new version of its powerful Fable artificial intelligence model that it says is better at coding and science tasks. Customer feedback led to the improvements. Waymo’s expansion: The Alphabet company will begin offering robotaxi service in three more US cities, bring the number to 14. It’s also preparing an overseas expansion. Savvy Games’ changes: Brian Ward is stepping down as chief executive officer of the Saudi-owned video game giant. Ward oversaw the Saudi Arabian government’s $38 billion investment in the industry Must Reads Apple Ternus Touts Product Pipeline, ‘Phenomenal’ iPhone Launch in Memo Apple Inc. Chief Executive Officer John Ternus touted the company’s strong product pipeline and teased a “phenomenal” iPhone launch next week in his first remarks to employees as their new leader. Dell Boosts Annual Sales Forecast by $25 Billion; Shares Rise Dell Technologies Inc. shares jumped in extended trading after the company boosted its annual sales forecast by $25 billion in a further sign of surging demand for servers to run artificial intelligence tasks. YouTube Inks Amazon Partnership to Boost Online Shopping Bet YouTube has tapped Amazon.com Inc. as its newest affiliate partner in YouTube Shopping, part of the video giant’s push to prioritize e-commerce as one of its next big bets. Beyond The Brief Memory-chip makers Micron and SK Hynix were a low priority for lawmakers when they were debating what companies should get US government money in an effort to revive American manufacturing, Maggie Eastland reports in today’s Tech In Depth. But now demand is surging and the grants and loans awarded from the Chips Act to the companies are among the most important bets the government has made in its efforts to boost American technology, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. Before You Go... Dyson Debuts $499 AI-Powered Toothbrush With a Built-In Camera Dyson Ltd. introduced a $499 toothbrush that uses artificial intelligence and a built-in camera to give real-time feedback, the latest in a growing subset of gadgets that put AI and video in sometimes unconventional places. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |