Mackenzie Hawkins / Bloomberg::
Techinsights: Huawei used TSMC, Samsung and SK Hynix components in some of its ENCED 910C chips; TSMC says the parts come from an incident reported in 2024– Huawei Technologies Co. used advanced components of the largest technological companies in Asia in at least some of its main Ascens IA processors…
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- Foxconn reports Q1 revenue up 29% year-over-year to ~$67 billion and net profit up 19% year-over-year to ~$1.6 billion, matching estimate as it boosts production of AI servers, its largest source of revenue (Wall Street Journal)
- Filing: Jensen Huang’s foundation purchased $108.3 million worth of AI computing time from CoreWeave and is donating it to universities and other nonprofit institutes (Max A. Cherney/Reuters)
- Sources: Apollo Global, Morgan Stanley and others are testing Grok internally as part of xAI’s financial sector push, but financiers rarely use it for their work (Carmen Arroyo/Bloomberg)
- Cisco reports third-quarter revenue up 12% year-over-year to $15.84 billion, compared to an estimated $15.56 billion, forecasts fourth-quarter revenue above estimates and cuts nearly 4,000 jobs; CSCO jumps more than 17% after hours (Jordan Novet/CNBC)
- JD Vance Compares Himself to Child Abandoned at Deranged White House Event
- Allegiant CEO defends low-cost airline plan as Sun Country deal closes
- Beer demand falls due to rising gas prices, data shows
- Musk vs. Altman: Microsoft Executive Michael Wetter Testifies Microsoft Spent More Than $100 Billion on OpenAI Partnership, Including Initial Investments (Bloomberg)

