downturn

Technology

Japanese chipmaker Kioxia Holdings and US' Western Digital open a new ~$6.79B flash memory fab in Mie Prefecture, amid a market downturn for memory chips (Ryosuke Eguchi/Nikkei Asia)

[ad_1] Ryosuke Eguchi / Nikkei Asia: Japanese chipmaker Kioxia Holdings and US’ Western Digital open a new ~$6.79B flash memory…

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Technology

Byju's raised $250M in new funding as the market downturn delays its IPO; a source says the valuation was $22B, the same as when it raised $800M in March 2022 (Manish Singh/TechCrunch)

[ad_1] Manish Singh / TechCrunch: Byju’s raised $250M in new funding as the market downturn delays its IPO; a source…

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Technology

TSMC cuts its 2022 capital spending target by ~10%, expecting to spend ~$36B on equipment, down from a prior $40B+ estimate, suggesting a deeper tech downturn (Debby Wu/Bloomberg)

[ad_1] Debby Wu / Bloomberg: TSMC cuts its 2022 capital spending target by ~10%, expecting to spend ~$36B on equipment,…

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Technology

An interview with Binance CEO Changpeng Zhao on delisting tether and USDC, stablecoin and CBDC evolution, the "Chinese company" label, the downturn, and more (Benjamin Pimentel/Protocol)

[ad_1] Benjamin Pimentel / Protocol: An interview with Binance CEO Changpeng Zhao on delisting tether and USDC, stablecoin and CBDC…

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Technology

A look at Portugal's Meia Praia beach, a haven where crypto supporters gather, creating a bubble of optimism about digital currencies amid crypto's downturn (Adam Satariano/New York Times)

[ad_1] Adam Satariano / New York Times: A look at Portugal’s Meia Praia beach, a haven where crypto supporters gather,…

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Technology

After booming demand during the pandemic and a rapid inventory build-up in 2022, Intel, Nvidia, SMIC, and TSMC face a sudden downturn, perplexing analysts (Richard Waters/Financial Times)

[ad_1] Richard Waters / Financial Times: After booming demand during the pandemic and a rapid inventory build-up in 2022, Intel,…

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Technology

Experts say the chip market is facing an "inventory correction", which could be the worst downturn in a decade, as the global economy weakens and demand fades (Ian King/Bloomberg)

[ad_1] Ian King / Bloomberg: Experts say the chip market is facing an “inventory correction”, which could be the worst…

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Business

Blackstone is preparing a record $50 billion vehicle to scoop up real estate bargains during the downturn

[ad_1] Breadcrumb Trail Links MoneyWise Business Essentials Priced out of the market? It’s time to pivot Author of the article:…

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Business

Experts weigh in on what tech companies can do to grow amid downturn

[ad_1] One of the best-performing sectors during the pandemic, the technology sector is now facing a challenging time as…

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Business

Asian shares mostly decline on global technology downturn

[ad_1] TOKYO — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan’s SoftBank, which has…

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