Technology Roundup – Intel’s silicon engineering leader resigns, Snap, Zynga have multi-game production deal

Published on: June 11, 2020
Author: Amy Liu

Intel’s silicon engineering leader resigns

Intel’s (NASDAQ:INTC) Silicon Engineering Group general manager Jim Keller has resigned for “personal reasons” after two years in the job.

Keller will serve as a consultant for the company for the next six months to help with the transition.

Keller is a prominent chip industry exec who helped design chips during stints at Apple and Tesla.

Snap, Zynga have multi-game production deal

Along with a number of features and deals it’s rolling out at its partner summit today, Snap’s (SNAP -4.7%) games unit has a new partnership with Zynga (ZNGA -1.7%) to create more titles for the platform.

The first game, Bumped Out, is available today – a real-time multiplayer game with short sessions where players use vehicles to bump others off a shrinking island.

Zynga was a launch partner for Snap Games after creating Tiny Royale last summer.

Microsoft won’t sell facial recognition to police

Microsoft (NASDAQ:MSFT) President Brad Smith tells The Washington Post that the company doesn’t sell facial recognition software to police departments in the United States.

Smith says Microsoft won’t sell to police departments until there’s a national law “grounded in human rights” to govern the technology.

Earlier this week, IBM exited the facial recognition business, while Amazon banned the use of its Rekognition software by police for one year.

Uber, Lyft drivers are employees – California regulator

The California Public Utilities Commission rules that Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) drivers are employees under the state’s AB5 gig-work law.

The commission says transportation network companies must comply with the requirements applicable to employees.

Uber and Lyft fought AB5 and similar regulations around the world that would force the companies to offer drivers employee benefits like sick leave.

In other ride-hail news, BTIG starts Uber and Lyft with Buy ratings, expecting digital services companies to recover from the pandemic faster than other travel-related industries.

NetEase, listings boost Hong Kong status

Hong Kong’s status as a destination for major Chinese technology companies got a lift overnight amid recent tensions over U.S. listing requirements.

Shares of mobile games group NetEase (NASDAQ:NTES) jumped nearly 10%, with the retail portion of the stock sale more than 130 times oversubscribed, while e-commerce company (NASDAQ:JD) fixed a price for its own $3.9B offering.

The moves are likely to increase inflows and strengthen the local dollar at a time when China’s national security law has raised concerns about the city’s future as a financial hub.