All articles by Refna Tharayil
Refna Tharayil
TSMC reports 54% surge in net profit for Q3 2024 amid AI chip demand
The company’s third quarter revenue increased by 36% YoY to $23.5bn, surpassing the company’s forecast of $22.4bn to $23.2bn, and reflecting a growth of 12.9% compared to Q2 2024.
Intel begins mass layoffs, impacting over 2,000 jobs across US
The company’s job cuts are part of a previously announced larger restructuring plan, aimed at reducing the company’s workforce by over 15,000 employees and cutting costs by more than $10bn.
US firms announce £6.3bn investment in UK data infrastructure
The latest investments from CyrusOne, ServiceNow, CloudHQ, and CoreWeave push total funding for UK data centres to more than £25bn since the current government took office.
CISA committee endorses draft reports focused on infrastructure resilience
A key report prepared by the Building Resilience subcommittee revealed that federal agencies and critical infrastructure sectors are insufficiently prepared to handle cyberattacks stemming from nation-state conflicts.
AMD announces mass production of new AI chip amidst market challenges
The US semiconductor company also plans to launch next-generation MI350 series chips, which are slated to be released in the second half of 2025.
Fidelity Investments reports data breach, impacting more than 77,000 customers
The breach, which took place between 17 and 19 August, exposed sensitive information through two newly established customer accounts.
Palo Alto Networks urges urgent patch for firewall hijack vulnerabilities
The flaws, if exploited, would allow attackers to access sensitive data, including usernames, cleartext passwords, device configurations, and device API keys.
TSMC’s Q3 2024 revenue surpasses forecast, driven by AI chip demand
TSMC reported a 39.6% year-on-year jump in revenues in September alone.
GoldenJackal breaches European air-gapped government systems using custom malware
The breaches by GoldenJackal are the first officially-recorded cases of threat actors successfully breaking into air-gapped systems.
Kaspersky to wind down UK operations and lay off staff as part of business realignment
This closure marks the latest in a series of operational changes for Kaspersky, which has long denied allegations of its ties to the Russian government.