Beijing has doubled down on its push for semiconductor self-sufficiency with the establishment of a new $47.5 billion investment fund to accelerate growth in the domestic chip sector. The fund, officially registered on May 24th under the name "China Integrated Circuit Industry Investment Fund Phase III", represents the largest of three state-backed vehicles aimed at cultivating China's semiconductor capabilities. The announcement comes as tensions over advanced chip technology continue to escalate between the U.S. and China. Over the past couple years, Washington has steadily ratcheted up export controls on semiconductors to Beijing over national security concerns about potential military applications. These measures have lent new urgency to China's quest for self-sufficiency in chip design and manufacturing.

With a war chest of 344 billion yuan ($47.5 billion), the "Big Fund" dwarfs the combined capital of the first two semiconductor investment vehicles launched in 2014 and 2019. Officials have outlined a multipronged strategy targeting key bottlenecks, focusing on equipment for chip fabrication plants. The fund has bankrolled major projects such as flash memory maker Yangtze Memory Technologies and leading foundries like SMIC and Huahong. China's homegrown chip industry still needs to catch up to global leaders like Intel, Samsung, and TSMC. However, the immense scale of state-directed capital illustrates Beijing's unwavering commitment to developing a self-reliant supply chain for semiconductors—a technology viewed as indispensable for economic and military competitiveness. News of the "Big Fund" sent Chinese chip stocks surging over 3% on hopes of fresh financing tailwinds.

According to Kyodo News, Japanese chip manufacturer Kioxia and its U.S. counterpart Western Digital are reportedly on the verge of finalizing a merger agreement, aiming to create the world's largest producer of memory chips. The merger plan involves establishing a holding company to consolidate their operations for producing NAND flash memory chips, with the announcement reportedly coming this month. The merged entity is expected to be listed on the Nasdaq stock exchange in the United States. As the global semiconductor market contends with competitive pressures and fluctuating demand, the merger is seen as a strategic move to enhance the combined market position of both companies.

Western Digital shareholders are anticipated to hold a majority stake in the new entity, with Kioxia's shareholders, including Toshiba Corporation, owning the remaining stake. The move is poised to give the newly formed company a combined market share of 35.4 percent in NAND memory chips as of March, surpassing South Korea's Samsung, the current leader, with 34.3 percent. However, the merger's ultimate approval hinges on regulators' decisions, including those in China, as semiconductors have become increasingly integral to global economic security. Major Japanese banks, including MUFG Bank and the state-backed Development Bank of Japan, are contemplating loans of up to approximately 1.9 trillion yen (about $12.7 billion) to facilitate the merger.

With the rise of generative artificial intelligence (AI) and other AI tools, the new models pose a threat to workers around the globe. Today, as reported by Bloomberg News, we find out that International Business Machines, or IBM shortly, is planning to replace thousands of jobs using automation and AI technology. As the report suggests, IBM's Chief Executive Officer Arvind Krishna is expecting to pause the hiring for roles AI could replace in the coming years. The main department that will see a job cut is the non-customer-facing roles like the back office. There are 26,000 people at IBM working in the back office, and CEO noted that "I could easily see 30% of that getting replaced by AI and automation over a five-year period."

This translates to roughly 7,800 jobs impacted by AI over the next five years. The CEO also added that departments such as human resources would see a hiring slowdown or even suspension of hiring further. IBM has 260,000 employees, and the company continues to look for engineering and customer-facing roles.

According to multiple reports and sources close to Tom's Hardware, Intel and Microsoft have quietly resumed operations and a basic level of support in Russia. As to comply with sanctions imposed by Europe, the UK, and US, Intel and Microsoft are forbidden to sell any new technology within the state of Russia. This has made Intel and Microsoft block official software downloads. However, Intel has stated that the company is obliged to provide warranty services that are a part of purchasing an Intel product. "Intel continues to comply with all applicable export regulations and sanctions in the countries in which it operates. This includes compliance with the sanctions and export controls against Russia and Belarus issued by the US and allied nations. Access to resources that meet driver update needs, such as the Intel Download Center and Intel Download Support Assistant (IDSA), are part of Intel's warranty obligations," said Intel, adding that "There have been no recent changes to our operations."

These changes are not exactly "recent," as reports close to Tom's Hardware have noted that downloads were resumed towards the end of 2022. Izvestia and CNews reported that users could access the Intel download portal without VPN and IP masking. This required finding a download section through Google/Yandex, as the official Intel Russia website is still not officially reachable by Russian IPs.

After months of rumors and speculations, it looks like we are finally going to receive official information from Intel regarding the exact country the company plans to do semiconductor R&D and manufacturing in within Europe. Today, the company published its media alert post, showing that we are finally going to receive exact information tomorrow. As we have previously reported, the current round of suggestions led to Intel building a fab inside Germany; however, it still remains to be confirmed. Once the information is out, we are going to report on it and finally see where team blue is headed next. You can find the announcement below.

As part of its IDM 2.0 strategy, Intel is committed to investing in research and development (R&D) capabilities and manufacturing capacity to meet the surging demand for advanced semiconductors and to build a more resilient, globally balanced supply chain.

Join a webcast with CEO Pat Gelsinger where he will share details of Intel's latest plans for in semiconductor R&D and manufacturing in Europe.

When: 6 a.m. PDT (2 p.m. CET), Tuesday, March 15
Where: Watch live on the Intel Newsroom.
Event Replay: A video replay will be available on the Intel Newsroom following the webcast.

At Intel's 2022 Investor Meeting, Chief Executive Officer Pat Gelsinger and Intel's business leaders outlined key elements of the company's strategy and path for long-term growth. Intel's long-term plans will capitalize on transformative growth during an era of unprecedented demand for semiconductors. Among the presentations, Intel announced product roadmaps across its major business units and key execution milestones, including: Accelerated Computing Systems and Graphics, Intel Foundry Services, Software and Advanced Technology, Network and Edge, Technology Development, More: For more from Intel's Investor Meeting 2022, including the presentations and news, please visit the Intel Newsroom and Intel.com's Investor Meeting site.

The Grand Theft Auto (GTA) series is one of the most popular game franchises ever created, with the latest version V (five), perhaps the most popular installment. However, GTA V was released back in September of 2013, and it is almost a nine-year-old game at this point. Without any regard to its Online part, fans of GTA need new content to keep them satisfied. For a while, we have been collecting rumors about the existence of GTA 6, a successor to the famous GTA V edition. Today, we got the information "straight from the horse's mouth," the game developer Rockstar Games, that the release of GTA 6 is "well underway."

Rockstar GamesWith the unprecedented longevity of GTAV, we know many of you have been asking us about a new entry in the Grand Theft Auto series. With every new project we embark on, our goal is always to significantly move beyond what we have previously delivered — and we are pleased to confirm that active development for the next entry in the Grand Theft Auto series is well underway. We look forward to sharing more as soon as we are ready, so please stay tuned to the Rockstar Newswire for official details.

Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") today announced that funds managed by affiliates of Apollo (the "Apollo Funds") entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan.

One of the world's premier global technology and media companies, Verizon Media is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media platform businesses. The corporate carveout will allow Verizon Media to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide.

NVIDIA was supposed to launch its next-generation "Ampere" lineup of server-class GPUs at this year's GTC event. However, NVIDIA's president and CEO, Jensen Huang, shared the news that NVIDIA will now be showcasing the important GTC news it has prepared, but instead will only provide online materials from developers and researchers from all over the world. In the blog update, Mr. Huang said the following: "We have exciting products and news to share with you. But this isn't the right time. We're going to hold off on sharing our GTC news for now. That way, our employees, partners, the media and analysts who follow us, and our customers around the world can focus on staying safe and reducing the spread of the virus."

"We will still stream tons of great content from researchers and developers who have prepared great talks. This is a time to focus on our family, our friends, our community. Our employees are working from home. Many hourly workers will not need to work but they'll all be fully paid. Stay safe everyone. We will get through this together.", he added. While we won't get any new GPUs judging by this announcement, we can expect to see them once this situation is resolved.

NVIDIA today announced that, in light of the spread of the coronavirus, it is deferring plans to deliver a webcast keynote as part of the digital version of its GPU Technology Conference later this month. The company will, instead, issue on Tuesday, March 24, news announcements that had been scheduled to be shared in the keynote. This will be followed by an investor call with NVIDIA founder and Chief Executive Officer Jensen Huang, which will be accessible to other listeners. The call will begin at 8am Pacific time and will be accessible at investor.nvidia.com.

NVIDIA had initially planned to host its 11th annual GTC on March 22-26 at the San Jose Convention Center, with an anticipated audience of 10,000. Amid the worsening coronavirus situation, the company said earlier this month that it was shifting much of the conference to its digital platform. The company believes that continuing public health uncertainties would challenge its ability to produce and deliver a digital keynote. Other components of GTC Digital will still take place, including live webinars, recorded talks and panels, research posters, trainings, and Connect with Experts sessions available starting Wednesday, March 25. More details will be provided in the coming days.

Stories about single-player gaming's death have been greatly exaggerated, over and over again. Every once in a while, a good, single-player focused game that only looks to tell a great story, in a great setting, comes along to set company's perceptions straight. This has happened over and over again in the market, but the most notable, recent examples must be The Witcher 3: Wild Hunt and Red Dead Redemption 2.

News has just surfaced, courtesy of Take Two, that the game has shipped in excess of 23 million copies since its launch back in October, when it set the entertainment's biggest opening weekend of all time. That means more than 7 million copies have been sold on a monthly basis since then. And this was all done without the help of our own platform of choice: PC. When the game finally does release for our rigs (and there's no sensible reason it wouldn't), we'll see how starved the market actually was for a good, single-player, story-focused game, in the day and age of always-on content.

So, this doesn't really concern hardware, but alas, all advances - and particularly AI-related ones - are powered by the little silicon chips that could. This time, and in a move that really does bode towards the future of news coverage, Xinhua, China's state-run news agency, unveiled the "world's first AI news anchor," which was created in collaboration with local search engine company Sogou. There are actually two independent versions of the same anchor - one for news coverage in English, and another for Mandarin.

The AI-infused anchors fuse the image and voice profiles of actual human anchors with artificial intelligence (AI) technology, which powers their speech, lip movements, and facial expressions, alongside reading, absorbing, and curating content that's then posted as video snippets generated by the AI. There is some work to be done until the result is actually indistinguishable from that of actual humans - but do we ever want AI renditions that are indistinguishable from humans? There are a number of problems that could arise from such an achievement, after all. But maybe that's a conversation for another day.

The tides at Intel have been blacker than they have been blue due to woes in silicon production - and the slow, sure steps of their rival AMD. It's been a rough, domino-powered ride: Intel has faced delay after delay of their 10 nm fabrication process technology. This, in turn, has constrained their production capacity, leading top shortages and increasing prices of Intel processors, and expensive chipset redesigns, moving them up from Intel's top-of-the-line 14 nm process back to 22 nm. So, yeah, after such a stream of lows, the first high note to be struck leaves a much lasting impact - and this has happened on Intel's stock pricing.

A research report from Steve Mullane, analyst at BlueFin Research Partners, says that Intel could be looking on sooner-than-expected ramp-up of their 10 nm process - slated for a June 2019 timeframe. "Intel's second-half production levels suggest upside to analyst revenue estimates for the fourth quarter and first quarter of 2019," further stating that suppliers believe production of new 10 nm silicon could be pulled forward from the June 2019 timeline by four to six weeks. This news brought about a jump in Intel share price up by 5%, while simultaneously reducing AMD's stock price by some 3.6%. At the end of trade day, these highs and lows converted to a 3.55% increase for Intel and a 7.65% drop for AMD.

After Google has actually announced a change to their financial services-related ad policies that will ban all cryptocurrency-related ads that run through its advertising platform, reports now place Twitter as the next major service to follow suit. According to Sky News, the banning will affect the majority of ads relating to cryptocurrency products, services, and advice, cutting it diagonally and indiscriminately if services are actually legit or fakes. The publication says the decision comes "amid looming regulatory intervention in the sector."

Sky's sources say this ban will enter into effect within the next two weeks. If so, this is now the third major servie (after Facebook and Google) to ban all crypto-related content form its advertisements. That regulatory intervention is looming on the sector is putting it mildly; and it's high time that happened. The cryptocurrency market really is "being chilled", to quote Mike Lempres, chief legal and risk officer at Coinbase. And it's coming from all sides: regulatory bodies, general services, John Oliver shows, mainstream media, and even investors' own risk-assessment. It was bound to happen - the frenzy was getting quite old, really - and is an expected development. Let's hope this is just the beginning of a renewal of sorts for the cryptocurrency and blockchain world.

News agency Reuters recently reported that hardware giant Corsair was in talks with middle market private equity firm EagleTree Capital for acquisition of the company in its entirety. The deal was reported by Reuters as being valued at close to $500 million. Part of the Corsair brand is, and continues to be, owned by Corsair founder and Chief Executive Andy Paul, who founded the company in 1994. Another part of it, however, is currently owned by Francisco Partners, an American private equity firm focused exclusively on investments in technology and technology-enabled services. In 2013, Francisco Partners made a $75 million investment in the company, after Corsair scrapped its IPO plans.

However, an industry source has shed some more light on the matter. The source (singular, since we couldn't verify this through multiple channels) told TPU that it isn't the entirety of Corsair that's for sale; only the share previously acquired by Francisco Partners. It's this particular stake that's being eyed by EagleTree Capital - probably at a much higher valuation than the initial $75 million investment. As always, you should take this current information with a grain of salt.

This week on TechPowerUp News, NVIDIA's upcoming GeForce GTX 1070 specifications deep-dive; an ASUS ROG notebook with suspected NVIDIA "Pascal" GPU, and AMD's Radeon "Polaris" unveiling ahead of the 2016 Computex show.

This week on TechPowerUp News: Samsung to build AMD "Zen" and "Arctic Islands" on its 14 nm FinFET LPP node, while NVIDIA stares at a possible sales ban over patent spat with Samsung.

In this episode of TechPowerUp News, AMD's upcoming Radeon R9 380X graphics card, which could heat things up under the $300-mark; the major performance boost Windows 10 gets with its new build-10586; Steam Hardware finally hitting the shelves; and NVIDIA's new Jetson TX1 computing module for robots and drones, which leverage deep-learning.

In this week's TechPowerUp News - WD's whopping $19 billion acquisition of NAND flash major SanDisk and what it could mean for both brands, MSI's insanely powerful all-in-one gaming desktop; and a fully-integrated NUC desktop by Intel following three generations of the revolutionary platform. Also, an exclusive sneak peek at SilverStone's Raven RVX01 mid-tower case!

Microsoft's legal battle with Motorola has taken another large step towards a console ban, but the company could still narrowly avoid that fate. Judge David Shaw recommended to the International Trade Commission (ITC) that Microsoft be given a cease-and-desist order on sales of the Xbox 360 slim model in the US. He also recommended ceasing Chinese imports of the systems, and a payment of 7% of the value of unsold systems in stores. Courthouse News Service (via Develop) reports that the ITC can now choose to let that determination stand, in which case it becomes the official stance of the ITC. Alternately, the commission could amend some terms, or send it back for a rewrite. If it does adopt Shaw's recommendation, President Barack Obama will have 60 days to review the decision, after which it would have to be appealed to the Court of Appeals for the Federal Circuit. This follows a one-two punch against Microsoft in this case, after Motorola won its patent ruling, and was subsequently hit with a German sales injunction -- which won't go into effect until the US case is settled. Motorola claims a technology used across several Microsoft devices, but Microsoft alleges that Motorola demanded an unreasonable licensing fee for the patents.

Microsoft has argued that banning consoles would not serve the public interest, but Shaw claimed that enforcing property rights takes precedence. Though Microsoft could still potentially appeal, the threat of a ban is more real now. Either way, this likely isn't something Microsoft wants hanging over its head as we approach E3.

News that Prey 2 had not been cancelled, but rather delayed, was relieving to fans of the original. However, why has there been such secrecy surrounding the project over the last several months? According to a Shacknews source who asked not to be identified, Human Head was not happy with the terms of its contract with ZeniMax, and deliberately stopped work on the game in November so it could try to negotiate a more favorable deal. While doing that, many on the development team were laid off, with the hope they would be rehired if the contract issue was resolved favorably. The process seemed to be gathering some positive momentum until January when ZeniMax's responses all but stopped, causing some of the laid-off Prey 2 team to wonder if the game would ever see the light of day.

By March 1, the source said, things had progressed a bit, leaving the Prey 2 team hopeful that they would return to work soon. But that quickly soured the following day. The source could provide no further first-hand details after March 2. When contacted for a response, an official at ZeniMax responded that "we aren't commenting on the game's development beyond what was said in the statement that was released this morning." In light of the new information, the official stance that "the delay is due to the fact that game development has not progressed satisfactorily this past year, and the game does not currently meet our quality standards" seems to throw Human Head under the creative bus. With development stalled for months, it's no surprise that the game would be unable to meet so-called "quality standards."

According to Kotaku and Shack News, Borderlands 2 developer Gearbox Software is already working on DLC before the game is even released. What can you expect? A new character class. At a PAX East panel this past weekend, the developer showed conceptual images for a new Mechromancer class. The class will be available to everyone when the DLC hits 60-90 days after the game hits shelves, but it will be free to those that pre-order the game, according to Kotaku. Gearbox also detailed two special editions for the game. The first will be the "Deluxe Vault Hunters Edition" for $99, completed with a bobble-head doll of game narrator and weapons dealer Marcus Kincaid. The second will be the "Ultimate Loot Chest Edition," which offers a Borderlands 2-style loot chest, sans hydraulics. Finally, the Gearbox gang tossed out Easter eggs with codes inside, redeemable at a special website, that allowed attendees to compete to potentially insert their names into Borderlands 2 or Aliens: Colonial Marines as an Easter egg.

Panasonic unveiled new 12.1-inch notebooks under the LetsNote NX and LetsNote SX families. Both feature 16:10 aspect ratio screens with 1280x800 pixel resolution, but buyers can opt for a wider 16:9 aspect ratio screen with 1600x900 pixels. A 720p web-cam and fingerprint reader can also be opted for. Where the NX and SX differ is with the SX featuring a top-loading optical drive, while NX lacks it.

Both models are driven by Intel Core i5-2450M processor. HDD comes standard, while faster SSDs can be opted for, which boot the system in under 9 seconds thanks to Panasonic's QuickBoot Manager software. Connectivity features for both include USB 3.0, WiFi b/g/n, Bluetooth 2.1+ EDR, and display outputs that include HDMI.

Yes, that's right, SOPA might have been set back for now, but the vested interests from the big media corporations (music/movies/news etc) that want it implemented unsurprisingly aren't sitting idle and are pushing for ever more draconian measures aka 'SOPA Plus'. A digital music report (PDF) asks for everything that was in the original SOPA and then some, with a wishlist of seven 'fixes':

Today Shacknews is reporting a new beta patch available on Steam. This is what they had to say, "Covering its back and yours, Bethesda recommends that you only install the patch if you're affected by issues fixed in the patch, and that you backed up your saved games before installing the beta. If you're still ploughing ahead with it, here's what to do:

1. Log into Steam
2. Click on Steam in the upper menu
3. Select Settings
4. Under the Account tab, go to the Beta Participation section and select Change.
5. A drop down menu will appear. Select Skyrim Beta.
6. Select OK.

Steam will now restart. After Steam restarts, Skyrim will be updated to the Beta version currently available.

The beta patch adds an option for Skyrim's Steam Workshop, a portal which will allow mod makers to upload their creations directly to Steam, but the Workshop won't work it and the mod Creation Kit actually launch later this month."

A list of changes can be found here.