Chipmakers STMicroelectronics and GlobalFoundries announced plans on Monday to build a semiconductor factory in France, drawing on funding from the government, in the latest move to boost output in the region.
Amazon.com Inc on Tuesday announced software drawing on its retail expertise in an effort to boost sales to businesses and remain the largest cloud-computing provider ahead of Microsoft Corp and Alphabet Inc's Google. Taking lessons learned over years of delivering online orders to shoppers' doorsteps, Amazon's cloud division unveiled a service called AWS Supply Chain to alert businesses when inventories are low and help them address supply issues that were chronic during the pandemic.
Over the past week, Twitter owner Elon Musk has been poking Apple, the big bear of Silicon Valley, which controls app distribution to every iPhone. Musk has been taking aim at the iPhone maker over a number of topics, including its reduced spending on Twitter advertising and its 30% cut of all digital sales made through apps. He also accused Apple of threatening to pull the Twitter app from the App Store.
Online Safety Bill would have forced social media companies to take down harmful material. Critics said it posed a risk to free speech and was watered down to pass quickly. Culture Secretary Michelle Donelan insists the bill is not being watered down for children. She says adult social media users will have more control over what they see.
Cyber Monday saw $11.3 billion in sales, up 5.8% from last year. The day is typically the biggest of the long weekend. Cyber Week will reach $35.27 billion, up 4% over last year and 16.7% of all sales.