WS #11562
Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 from Xbox in its most significant restructuring, as the gaming division operates at 3% margins vs. Microsoft's typical 30%. Micron signs long-term SCA with Ford, following a similar deal with GM, locking in memory supply for automotive AI and signaling broadening demand beyond hyperscalers. SK Hynix set to debut on Nasdaq on July 10 with a $28B raise; Leopold Aschenbrenner loading up on SK Hynix, citing 59% global HBM share and 70% Nvidia HBM4. Broadcom jumps 3.7% after extending deal with Apple through 2031 to develop custom chips, boosting semiconductor sentiment.
Microsoft massive layoffs and Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), including 3,200 from Xbox in its most significant restructuring, as the gaming division operates at 3% margins vs. Microsoft's typical 30%.
Micron signs long-term SCA with Ford, following a similar deal with GM, locking in memory supply for automotive AI and signaling broadening demand beyond hyperscalers.
SK Hynix set to debut on Nasdaq on July 10 with a $28B raise; Leopold Aschenbrenner loading up on SK Hynix, citing 59% global HBM share and 70% Nvidia HBM4.
Broadcom jumps 3.7% after extending deal with Apple through 2031 to develop custom chips, boosting semiconductor sentiment.