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China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations ( www.cnbc.com )

SMIC, China’s biggest contract chip manufacturer, is seen as critical to Beijing’s ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China’s tech power. SMIC lags behind Taiwan’s TSMC and South Korea’s Samsung Electronics, according to analysts....

Twitter traffic is 'tanking' as Meta's Threads hits 100 million users ( www.cnbc.com )

Meta’s new text-based social app Threads has quickly gained 100 million users since launching last week, which appears to be negatively impacting traffic on Twitter. According to web analytics, Twitter traffic declined 5-11% over the first two days Threads was available compared to the previous week. Threads was able to grow...

Google cuts jobs at Waze as it continues to merge mapping products ( www.cnbc.com )

The head of Google’s map division said in an email Tuesday that the company is cutting jobs at Waze. Google has been merging Waze with its own mapping products since late last year. The company hopes to “create a more scalable and optimized Waze Ads product,” the email said.

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