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China’s SMIC Warns of ‘Rapid Freeze’ as Smartphone Demand Skids

Semiconductor Manufacturing International Corp. warned that clients in sectors such as smartphones were freezing orders, underscoring how a downturn in consumer electronics demand is hurting the chip sector. Waning demand

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Telkom of South Africa Says No Merger Offer Received From Rain

Telkom SA SOC Ltd. has received no offer or proposal from South Africa’s Rain to merge, the partly state-owned telecom company said in response to a statement from its smaller

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Credit Suisse Applies to Kick-Off London SoftBank Lawsuit

Credit Suisse Group AG filed for permission to kick-off a long anticipated lawsuit blaming SoftBank Group Corp. in part for losses the Swiss lender’s clients suffered from the collapse of

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Crypto Lender Tied to Chinese Rig Giant Throws Miners a Lifeline

Chinese Bitcoin mining rig giant Bitmain Technologies Ltd. has been selling machines to miners for about nine years. Now it’s helping to keep them afloat during the cryptocurrency market downturn

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Ethereum Software Update Planned for September After Successful Test

The most ambitious upgrade to the Ethereum blockchain should take place in September, possibly closer to the middle of the month, developers working on the project said during a conference

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Data ‘Surveillance’ Crackdown Begins With FTC Privacy Pitch

The Federal Trade Commission is seeking public feedback on a proposed rulemaking to limit what it’s dubbed “commercial surveillance” by businesses that sell or share information collected about people, with

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Shortages of Some Chips Drag On Even Amid Signs of Industry Rout

Chip delivery times are shrinking, but shortages are persisting in many areas, according to new research. Lead times — the gap between when a semiconductor is ordered and when it

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