Plasma-Therm expands European footprint and bolsters leadership in the power device market.

Amazon said Tuesday it’s hiring 250,000 employees in the U.S. to help manage the holiday rush. It’s also bumping the average hourly pay for warehouse and delivery workers. Amazon typically boosts its headcount around the peak holiday shopping season, bringing on hordes of temporary workers so it can better keep up with the surge in demand.

(Bloomberg) — Meta Platforms Inc. employees are slowly starting to enjoy coming into the office more, bouncing back from a morale crisis that set in after 20,000 of their teammates were laid off over the past year. One reason: the company has revived a number of popular pre-pandemic perks, from branded T-shirts to happy hours.

Expands indie’s ADAS and User Experience Portfolio with Breakthrough Near Infrared and Visible Superluminescent LED (SLED) as well as Semiconductor Optical Amplifier (SOA) Products. Accelerates Design-in Opportunities with Premier Tier One and Automotive OEMs. Expected to be Financially Neutral to 2H 2023 and Accretive in 2024.

MOUNTAIN VIEW — Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as Silicon Valley continues its cost-cutting efforts.

The latest cuts come after Google parent Alphabet in January eliminated 12,000 jobs, or about 6% of its workforce, across the company as it grappled with economic uncertainty that hit the company's bottom line last year, especially its core advertising business.

SHANGHAI - Alibaba Group Holding will put artificial intelligence (AI) and user experience at the top of its priorities, as its new leadership seeks to reclaim customers and market share in a fiercely competitive arena.

Sept 11 (Reuters) - Qualcomm (QCOM.O) said on Monday it had signed a deal with Apple (AAPL.O) to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and looks to reinforce its supply chains elsewhere.

SINGAPORE, SEPTEMBER 12, 2023 – GlobalFoundries (NASDAQ: GFS) (GF) today announced the official opening of its US$4 billion (S$5 billion) expansion fabrication plant (“fab”) in Singapore. The 23,000sqm fab will create 1,000 high-value jobs in Singapore, 95 percent of which will include equipment technicians, process technicians and engineers.

There are signs of a memory chip market recovery, particularly in the mobile DRAM chip segment, although demand for personal computer chips remains weak, chipmakers and industry analysts said.

Samsung Electronics Co., the world’s largest memory chipmaker, recently signed memory chip supply deals with its clients, including Xiaomi, Oppo and Google, at prices 10-20% higher than their existing contracts for DRAM and NAND chips, industry sources said on Tuesday.

SANTA CLARA, Calif., Sept. 12, 2023 – Intel Corporation today announced that it has agreed to sell an approximately 10% stake in the IMS Nanofabrication business (“IMS”) to TSMC. TSMC’s investment values IMS at approximately $4.3 billion, consistent with the valuation of the recent stake sale to Bain Capital Special Situations (“Bain Capital”). Intel will retain majority ownership of IMS, which will continue to operate as a standalone subsidiary under the leadership of CEO Dr. Elmar Platzgummer. The transaction is expected to close in the fourth quarter of 2023.