Apple will on Wednesday unveil new iPhones that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom.
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Meta Platforms signed an agreement to have chip-maker Qualcomm produce custom chipsets for its Quest virtual reality devices.
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The announcement signals a major escalation of the US crackdown on China’s technological capabilities as tensions bubble over the fate of Taiwan.
Korean chip makers recorded their first fall in factory shipments in almost three years in July, highlighting weakening demand for semiconductors.
Sony is hiking the price of its PlayStation 5 games console in markets including South Africa following economic pressures.
Graphics chip designer Nvidia forecast a sharp drop in revenue in the current quarter on the back of a weaker gaming industry.
Apple has sent media invitations to a 7 September event where analysts expect the company to unveil new iPhones and smartwatches.
Nvidia is one of the worst-performing semiconductor stocks this year, though the shares are hardly in the bargain basement bin.
Sony is expanding its gaming accessories range with the announcement of a new DualSense Edge wireless controller for the PlayStation 5.