Korea’s Stock Market Tumbles as Chip Giants Lead a Broad Selloff
The screens in Seoul turned red early and stayed that way. Korea’s KOSPI index fell more than 6% on Thursday, its steepest single-day decline in years, as investors dumped the…
Intel Ships First Chips Made on ASML’s $400 Million High-NA Machines
The machine weighs 165 tons and cost around $400 million, and Intel has put it to work. On July 15, ASML confirmed that Intel Foundry has become the first chipmaker…
SpaceX’s First Post-IPO Starship Test Puts a Stalled Stock on the Line
The countdown is set for 5:45 p.m. Central time. Starship Flight 13, the first orbital test of the giant rocket since SpaceX went public in June, is scheduled to lift…
Uber’s Product Chief Plots a Two-Front Push Into Robotaxis and Hotels
In an interview with TechCrunch, Uber’s product chief laid out a two-front expansion that would carry the company beyond ride-hailing: lobbying Washington for federal autonomous-vehicle rules that would let Uber…
SpaceX Notches 600th Booster Reuse as Its Stock Faces Three Headwinds
A Falcon 9 booster came back to Earth, was refitted, and flew again this week, the 600th time SpaceX has reused a booster, according to Spaceflight Now. The number is…
Intel Commits €5 Billion to Europe as Nova Lake Production Comes Home
Intel said it will spend €5 billion, about $5.7 billion, to expand chip manufacturing in Europe, concentrating the investment on its fab complex in Ireland. The same day, TechPowerUp reported…
ASML’s Earnings Will Test the Chip Industry’s Faith in Its Order Book
When ASML reports quarterly results, investors will be looking for answers to two questions: how quickly the Dutch company can clear its backlog of advanced lithography machines, and how much…
KeyBanc Cuts Apple While Monness Turns Bullish in Same-Day Split
Two analysts looked at the same company on the same day and reached opposite conclusions. KeyBanc cut Apple’s rating, citing weak iPhone demand, pressure from Huawei, and slowing growth in…
Uber Steps Up Washington Push for Federal Robotaxi Rules
Uber Technologies Inc. is pressing lawmakers in Washington to pass federal legislation governing autonomous vehicles, according to TechCrunch, in a lobbying campaign aimed at shaping the rules of the robotaxi…
FAA Clears SpaceX Starship for Flight 13 as Shares Slide From Peak
The Federal Aviation Administration has completed its investigation into the booster failure during SpaceX’s Flight 12 and approved the company to launch Flight 13, according to TechCrunch. The next test…
