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Tech Across the Globe

SK Hynix’s consternation: Memory maker SK Hynix warned that the US tariffs are increasing uncertainty among semiconductor customers despite strong demand from the biggest tech companies.

Intel’s woes: The struggling chipmaker gave a weak forecast for the current quarter, hinting at the huge task ahead for new CEO Lip-Bu Tan. Tan is cutting jobs, reducing management layers and trying to energize the once-mighty company’s culture.

Motorola’s new AI carriers: The Lenovo Group company launched its new Razr foldable phones loaded with a choice of AI assistants. The top Razr Ultra is priced at $1,300 and comes with Perplexity AI’s app as well as models from Microsoft, Meta and Google.

Revalued

Electra raised $129 million to help finance its effort to develop technology that can produce iron needed for steel at low temperatures without planet-warming emissions. The Colorado-based startup, which came out of stealth in 2022, is backed by investors including Bill Gates-led Breakthrough Energy Ventures. Electra is building a demonstration plant in Colorado that is scheduled to produce iron early next year.

Must Read

Luz Ding found an unusual sense of calm in the face of a global trade war among the Chinese electronics companies she talked with last week at a major exhibition in Hong Kong. Ding reports in today’s Tech In Depth that many, while having to work around canceled or delayed orders from the US, saw little they could do other than try to manage the mayhem. For more Bloomberg coverage of the technology industry, subscribe here.

This week in Q&AI

The biggest cloud computing firms are reconsidering how they invest in the development of artificial intelligence, Dina Bass writes in this week’s Q&AI. The top tech firms are shifting some of their resources to “inference,” or the process of running AI systems after they’ve been trained, rather than on creating ever-larger models, she writes. For more of Bloomberg’s coverage of AI, subscribe here.

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