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TSMC Stops New Orders to Huawei After U.S. Issues Tougher Restrictions

Taiwan Semiconductor Manufacturing Co., the world’s biggest chipmaker, will stop accepting new orders from Huawei, after the U.S. government announced tougher restrictions against the Chinese tech giant, according to the Nikkei Asian Review. TSMC, which recently announced plans to build a chip fabricating plant in the U.S., said it will continue to honor old contracts, but won’t take any new...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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