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Taiwan-based newspaper Commercial Times reports that Intel (NASDAQ:INTC) has ordered 6nm chips from TSMC (NYSE:TSM) for next year.
The unprecedented Intel order would reportedly include 180,000 wafers, only slightly behind the raised 200K order from AMD, major TSMC client and Intel rival.
TSMC’s leading-edge capacity is now fully-booked for the first half of next year.
In other news for the pure-play foundry, Economic Daily News says Apple is setting up a display tech R&D plant within TSMC. The move comes as recent advances started to merge flat-screen display and semiconductor technology.
TSMC shares are up 8.2% pre-market, continuing to benefit from Intel’s 7nm process yield issues.
According to Qualcomm (NASDAQ:QCOM), the new Quick Charge 5 standard is the fastest commercial charging technology for Android devices.
The fast charging platform supports more than 100W charging power in a smartphone.
Qualcomm says users can charge a smartphone from 0 to 50% in five minutes or fully charge within 15 minutes.
Quick Charge 5 is reportedly up to 70% more efficient and 10 degrees Celsius cooler than Quick Charge 4 and 4+.
Quick Charge 5 is currently sampling with customers and expected to appear in commercial devices in Q3.
State Attorney General Xavier Becerra is examining Amazon’s (NASDAQ:AMZN) efforts to protect workers from the coronavirus pandemic, according to a new court filing.
The investigation was revealed in a case where an Amazon grocery warehouse worker accused the company of inadequately protecting the staff.
A California state judge denied the employee’s request to shutter the warehouse until proper health and safety measures were in place.
New York AG Letitia James is investigating the firing of Staten Island warehouse workers who led safety-related protests earlier this year.
Amazon will report earnings on Thursday. Last quarter, the company estimated about $4B of COVID-19 costs in Q2.
Investors are still pushing into Internet retail names as more data suggests that consumer shopping habits during the pandemic are evolving for the long term.
The list of gainers today includes Overstock.com (OSTK +10.9%), Blue Apron (APRN +9.9%), MercadoLibre (MELI +8.0%), Farfetch (FTCH +5.2%), Etsy (ETSY +4.6%), eBay (EBAY +4.0%), Shopify (SHOP +4.8%), Wayfair (W +3.6%), Fiverr (FVRR +5.7%), Chewy (CHWY +2.2%) and sector giant Amazon (AMZN +2.0%).
For the year, the leading gainers in the sector are Overstock +655%, Fiverr +244% and Wayfair +147%. Of course, Overstock has a whole crypto business going on to skew the comparison.
See how the Amplify Online Retail ETF (NASDAQ:IBUY) stacks up over time.
The issue of Twitter (TWTR -2.5%) workers who have heavy access to override user security – which emerged as the key factor in the company’s recent damaging hacking – has been a struggle for years, former employees have told Bloomberg.
Some 1,500 workers can reset accounts, manage security and respond to potential content violations, and the former employees say that CEO Jack Dorsey and the board have been warned about the issue multiple times since 2015.
And two employees told Bloomberg that at one point in 2017 and 2018, some contractors had made a game of creating bogus help-desk tickets allowing them to peek into celebrity accounts to track personal data, including approximate locations.
Twitter reportedly required employees to take an online security training course last week.
A spokeswoman confirmed that oversight of user accounts includes 1,500 employees and contractors, but said “we have no indication that the partners we work with on customer service and account management played a part here” and that employees and contractors have access only to the tools they need to do their jobs.
