Keep pulling the thread on Apple Expand Custom Chip Partnership.
Apple expanded its custom chip partnership with Broadcom through 2031.
Microsoft plans to eliminate 20% of its exports unit staff over the next year.
SK Hynix is marketing its US listing with plans to sell approximately $28 billion in American depository receipts.
The new partnership between Apple and Broadcom is specifically for a new server chip that Apple is developing using Broadcom's ASIC technology.
Apple's first server-specific chip, codenamed Baltra, is expected to be rolled out as early as next year.
Apple's upcoming Baltra server chip will be a version of the M5 Ultra with 4x the performance on both the GPU and CPU.
SK Hynix has received indications of interest for approximately $7 billion of its planned $28 billion US listing.
Microsoft's Xbox division is cutting 3,200 jobs, with 1,600 layoffs immediately and another 1,600 in the coming fiscal year.
As part of its restructuring, Microsoft's Xbox division is divesting from four studios, with a fifth divestment planned.
Sony's PlayStation division will stop selling physical games and go digital-only for software starting in 2028.
AI video company Runway is opening new hubs in London, Tokyo, and Paris and plans to invest nearly $300 million in global expansion over the next few years.
Runway expects to announce a new funding round later this year, following its historical pattern of raising capital every 10 to 12 months.