Why it matters: The US government is once again meeting with global partners to try and develop an effective strategy to fight (and win) the war against ransomware. Tech companies like Microsoft are joining as well, bringing their valuable, first-hand expertise to the table.
Isolated employees have been climbing the facility's fence to escape
In context: Manufacturing giant Foxconn has responded to a video circulated on Twitter claiming that eight people in a dormitory at its Zhengzhou, China, factory have died due to a Covid-19 outbreak. The facility, its main iPhone production plant in the country, is in the middle of a Covid lockdown, but Foxconn claims nobody has died and the video has been "maliciously edited."
Cars are still less than 10% revenue for most chip companies
Why it matters: Over the past few years the semis industry has become somewhat obsessed with autos. Every major chip company now dedicates a fair amount of coverage to cars in all their investor presentations. Or at least it seems that way. In part that reflects a genuine growth in auto semis, and in part the tapering of growth in many other categories like mobile, PCs, etc.
What just happened? Another memory chip giant is suffering the effects of "unprecedented deterioration" in consumer demand and US sanctions against China. SK Hynix said it would slash investment after third-quarter profits fell 60%, warning that the Biden Administration's restrictions could force it to close or sell a major plant in China.
Why it matters: A new standard to connect RAM more closely with other system components could reach consumers within the next few years. The shift should increase the efficiency and usefulness of more recent, faster storage and memory modules. However, it will require new hardware.
TL;DR: Sanctions against Russia mean the country now looks to the Chinese gray market for its semiconductor imports, but there's a problem: 40% of them are defective. That marks a 1,900% increase in their failure rate over the last few months.